Originally published at www.seclive.com
AZZ Incorporated (NYSE:AZZ) announced its financial results for the third fiscal quarter of 2014, reporting increases in revenue and earnings. The galvanizing services and electrical products and services provider reported revenue of $197.8M, up from $149.7M a year ago. AZZ earnings increased from $15.4M and $0.60 per share a year ago to $18.4M and $0.72 per share. However when excluding special items, the company's earnings declined from $16.3M and $0.64 per share to $15.2M and $0.59 per share. The company's electrical segment reported a drastic increase in revenue, up from $60.4M to $112.0M, while performance in the galvanizing segment decreased slightly from $89.3M to $85.7M. President and CEO Tom Ferguson remarked that the company is not pleased with its performance this quarter and is seeing progress in efforts to grow various aspects of the company.
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