Strengthened Forecast

AZZ Inc.AZZ has revised its FY25 guidance upward, fueled by robust performance across multiple end markets.

Revenue and Profit Outlook

The company now projects sales in the range of $1.525 billion to $1.625 billion (up from $1.5 billion to $1.6 billion previously), compared to a consensus estimate of $1.568 billion. Additionally, adjusted earnings per share are expected to be in the range of $4.50 to $5.00, up from the earlier forecast of $4.25 to $4.75, surpassing the $4.69 estimate.

Enhanced EBITDA Expectations

AZZ has raised its adjusted EBITDA outlook for FY25 to $310 million to $360 million, up from $300 million to $350 million.

Strategic Development

Tom Ferguson, President, and Chief Executive Officer of AZZ, highlighted recent financial milestones, including the successful repricing of their Term Loan B and a credit rating upgrade by S&P Global. Ferguson expressed confidence in the company’s future, citing positive developments in their joint venture and elevated equity income estimates.

Future Focus

Focusing on organic growth within its Metal Coatings and Precoat Metals segments, AZZ aims to bolster its market share while upholding superior customer service, high quality standards, and operational excellence.

Upcoming Report

AZZ is set to announce its fourth-quarter results on April 22, 2024.

Investment Opportunity

Investors looking to capitalize on AZZ’s growth can consider exposure through the Ballast Small/Mid Cap ETF MGMT and the Gabelli Automation ETF GAST.

Market Movement

Price Action: Pre-market trading shows AZZ shares up by 1.82% at $80.05 as of the latest check on Monday.