MGMT - AZZ Eyes Growth Spurt: Strong Markets Fuel FY25 Sales Profit Forecast | Benzinga
AZZ Inc. (NYSE:AZZ) raised the guidance for FY25 thanks to strength in several end markets.
The company raised the outlook for sales to $1.525 billion – $1.625 billion (from $1.5 billion- $1.6 billion prior) vs. consensus of $1.568 billion and adjusted EPS to $4.50 – $5.00 (from $4.25 – $4.75 earlier) vs. $4.69 estimate.
The company boosted adjusted EBITDA to $310 million – $360 million from $300 million – $350 million for FY25.
AZZ reiterated its capital expenditures outlook at ...