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AZZ inc Lowers High End Of Prior FY 2013 Revenue Guidance To A Range Below Analysts' Estimates; Raises FY 2013 EPS Guidance

Wednesday, 9 Jan 2013 05:00am EST 

AZZ inc announced that based upon the evaluation of information currently available to management, it is revising fiscal 2013 guidance for revenues to be in the range of $575 to $585 million, earnings to be in the range of $2.35 and $2.45 per diluted share. This guidance reflects the two-for-one-stock split effective July 30, 2012. 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. The guidance does reflect the acquisition of NLI during the last nine months of fiscal 2013 and the acquisition of Galvcast for the last five months of fiscal 2013, and G3 Galvanizing for the last two months of the fiscal 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $587 million and EPS of $2.25 for fiscal 2013. 

Company Quote

-0.24 -0.51%
21 Jul 2014