Revenue Update on AZZ Inc(NYSE:AZZ)

AZZ Inc(NYSE:AZZ) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during Pre-market on Oct 5, 2016. Company reported revenue of $195.04M. Analysts estimated a revenue of $223.06M. Earnings per share were $0.55. Analysts had estimated an EPS of $0.72.

AZZ Inc (AZZ) shares turned negative on Fridays trading session with the shares closing down -0.07 points or -0.13% at a volume of 1,61,392. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $55.8396. The peak price level was also seen at $55.8396 while the days lowest was $54.54. Finally the shares closed at $54.6. The 52-week high of the shares is $67.98 while the 52-week low is $47.035. According to the latest information available, the market cap of the company is $1,420 M.

Several Insider Transactions has been reported to the SEC. On Sep 8, 2016, Timothy E Pendley (SVP GALVANIZING) purchased 109 shares at $38.42 per share price.Also, On Sep 8, 2016, Tara D Mackey (Chief Legal Officer) purchased 361 shares at $38.42 per share price.On Sep 8, 2016, Robert Joseph Steines (VP & Chief Accounting Officer) purchased 277 shares at $47.66 per share price, according to the Form-4 filing with the securities and exchange commission.

AZZ Inc. formerly AZZ incorporated is a provider of galvanizing services welding solutions specialty electrical equipment and engineered services to the power generation transmission distribution refining and industrial markets. The Company operates in two business segments: the Energy segment and the Galvanizing Services segment. The Company’s Energy segment provides products and services designed to support industrial nuclear and electrical applications. Its product offerings include custom switchgear electrical enclosures medium and high voltage bus ducts explosion proof and hazardous duty lighting nuclear safety-related equipment and tubular products. The Company’s Galvanizing Services segment provides hot dip galvanizing to the steel fabrication industry through facilities located throughout the United States and Canada. The Company operates in the United States Canada China Brazil Poland and the Netherlands.

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