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AZZ inc Raises FY 2014 Guidance-Conference Call

Monday, 8 Apr 2013 11:00am EDT 

AZZ inc announced that based on the evaluation of information currently available the Company is revising its previously issued guidance for fiscal 2014 for revenues to be in a range of $825 million, $900 million and for EPS to be within a range of $2.65 to $2.95 per diluted share. The previously issued guidance was for revenues to be in a range of $625 million to $660 million and that fully diluted earnings per share will be a range of $2.50 to $2.75 per share. The Company's revised guidance does reflect 11 months of the acquisition of Aquilex and the accretion reflects the write-off of some $6 million as one-time transaction costs associated with this acquisition. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $880 million for fiscal 2014. 

Company Quote

29 Jan 2015