AZZ incorporated Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended November 30, 2012; Revises Earnings Guidance for the Fiscal Year 2013
For the nine months period, the company reported net sales of $430,203,000 compared to $345,487,000 a year ago. Income before income taxes was $73,854,000 compared to $46,754,000 a year ago. Net income was $47,223,000 or $1.85 diluted per share compared to $29,092,000 or $1.15 diluted per share a year ago. Net cash provided by operating activities was $66,587,000 compared to $46,832,000 a year ago.
The company revised earnings guidance for the fiscal year 2013. For the year, the company expects revenues to be in the range of $575 million to $585 million. Earnings are anticipated to be in the range of $2.35 and $2.45 per diluted share. The previously issued guidance was for revenues to be in the range of $575 to $600 million and that fully diluted earnings per share to be in the rage of $2.25 to $2.40 after the effect of the two-for-one stock split.