Originally published at www.seclive.com
Azz Incorporated (NYSE:AZZ) announced its financial results for the fourth fiscal quarter 2014, reporting revenues that increased from $140.4M a year-ago to $181M. The electrical equipment manufacturer posted adjusted earnings per share of $2.16, down from $2.28 per share a year ago. The company's long-term debt nearly doubled from $196.4M to $384.8M while cash and cash equivalents shrunk by approximately half from $55.6M to $27.6M. Azz also announced a quarterly cash dividend payable to shareholders of record as of April 21, payable on May 5. The company is projecting earnings for fiscal 2015 between $2.40 and $2.80 per share on revenues between $850M and $900M.
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