AZZ incorporated Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 30, 2013; Provides Earnings Guidance for the Fiscal Year 2014
For the nine-month period, the company reported revenues of $570.7 million compared to $430.2 million for the comparable period last year, an increase of 32.7%. Net income for the nine months was $49.4 million, or $1.92 per diluted share, compared to $47.2 million, or $1.85 per diluted share in the comparable period of last year. Income before income taxes was $77,131,000 against $73,854,000 a year ago. Net cash provided by operating activities was $94,614,000 against $66,586,000 a year ago. Adjusted earnings was $44,396,000 or $1.73 per share against $45,784,000 or $1.79 per share a year ago. Earnings before interest, taxes, depreciation and amortization were $123.5 million.
For the fiscal year 2014, the company's revenues to be in the range of $760 million to $770 million, and for earnings per share to be within range of $2.30 to $2.40.