AZZ incorporated Reports Year-to-Date and Second Quarter Results of Fiscal - Year 2009
AZZ incorporated (NYSE: AZZ), a manufacturer of electrical products and a provider of galvanizing services today announced unaudited financial results for the three and six-month periods ended August 31, 2008. Revenues for the second quarter increased 27 percent to a record setting level of $103.3 million, compared to $81.6 million for the same period last year. Net income for the second quarter increased 39 percent to $11.3 million, or $0.92 per diluted share, compared to net income of $8.1 million, or $0.66 per diluted share, in last year's fiscal second quarter.
For the six-month period, the Company reported revenues of $203.2 million, an increase of 29 percent compared to $157 million for the comparable period last year. Net income for the six months rose 75 percent to record setting level of $21.4 million, or $1.74 per diluted share, compared to $12.3 million, or $1.01 per diluted share for the comparable six-month period last year. The acquisitions of AAA Galvanizing on April 1, 2008 and Blenkhorn and Sawle on July 1, 2008 are included in the financial results for the six-month period of fiscal 2009.
- Published: 26 September 2008
- Written by Editor