AZZ Q4 Net Rises, Guidance Increased
AZZ has released results for its Q4 2013 and trailing 12 months. For the quarter, net sales were just over $140 million, which bettered the $124 million in the same period the previous year. The bottom line also rose, to $13.2 million ($0.52 per diluted share) from Q4 2012's $11.6 million ($0.46).
Analysts had been expecting slightly higher revenue of $143 million and moderately lower EPS of $0.48.
For the 12-month period, top line was $571 million, or more than $100 million higher than the $469 million of the same period the previous year. Net profit was nearly 50% higher over that same time frame, coming in at $60.5 million ($2.37 per diluted share) for the year against the preceding $40.7 million ($1.61).
AZZ also revised its forward guidance. For its fiscal 2014, revenues are now anticipated to be $825 million to $900 million, with diluted EPS coming in at $2.65 to $2.95.
The article AZZ Q4 Net Rises, Guidance Increased originally appeared on Fool.com.Fool contributor Eric Volkman has no position in AZZ. The Motley Fool owns shares of AZZ. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.