Attached files
| file | filename |
|---|---|
| EX-99.1 - AZZ INCORPORATED PRESENTATION - AZZ INC | ex991presentation.htm |
| EX-99.2 - PROJECTED FIN AND OTHER STATISTICAL INFO - AZZ INC | ex992financialinfo.htm |
| 8-K - FORM 8K FYE10 GUIDANCE - AZZ INC | fye10guidance.htm |
AZZ
incorporated Revises Guidance for Fiscal Year 2010
| Contact: | Dana Perry, Senior Vice President – Finance and CFO |
| AZZ incorporated 817-810-0095 | |
| Internet: www.azz.com | |
| Lytham Partners 602-889-9700 | |
| Joe Dorame or Robert Blum | |
| Internet: www.lythampartners.com |
February
17, 2010 – FORT WORTH,
TX - AZZ incorporated (NYSE:AZZ), a manufacturer of electrical products
and a provider of galvanizing services today announced a revision to the
previously issued revenue and earnings guidance for Fiscal 2010. The revision is
due to a continuation of slow economic conditions, customer requested delays in
shipments and the severe weather conditions that have impacted the majority of
our galvanizing locations.
Based
upon the evaluation of information currently available to management, we are
revising our previously issued revenue and earnings guidance for fiscal year
2010. Our current estimates are for revenues to be within the range of $350
million to $355 million and earnings are estimated to be within the range of
$2.95 and $3.00. The previous estimates were for earnings to be
within the range of $3.00 to $3.10 and revenues to be in the range of $355
million to $365 million. Our estimates assume that we will not have
any further delays in the shipment of orders of our electrical and industrial
products, or additional weather disruptions.
AZZ
incorporated is a specialty electrical equipment manufacturer serving the global
markets of industrial, power generation, transmission and distributions, as well
as a leading provider of hot dip galvanizing services to the steel fabrication
market nationwide.
Except
for the statements of historical fact, this release may contain forward-looking
statements that involve risks and uncertainties some of which are detailed from
time to time in documents filed by the Company with the SEC. Those risks and
uncertainties include, but are not limited to: changes in customer demand and
response to products and services offered by the company, including demand by
the electrical power generation markets, electrical transmission and
distribution markets, the industrial markets, and the hot dip galvanizing
markets; prices and raw material costs, including zinc and natural gas which are
used in the hot dip galvanizing process; changes in the economic conditions of
the various markets the Company serves, foreign and domestic, customer requested
delays of shipments, acquisition opportunities, currency exchange rates,
adequacy of financing, and availability of experienced management employees to
implement the Company's growth strategy. The Company can give no
assurance that such forward-looking statements will prove to be correct. We
undertake no obligation to affirm, publicly update or revise any forward-looking
statements, whether as a result of information, future events or
otherwise.
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