Texas

AZZ: third quarter fiscal year earnings report

FORT WORTH, TX (AP)_AZZ Inc. (AZZ) reported a fiscal third quarter loss of $20.5 million on Monday after reporting a profit for the same period a year earlier.

On a per-share basis, the Fort Worth, Texas-based company said it posted a loss of 97 cents. Earnings adjusted for discontinued operations and non-recurring items was 88 cents per share.

The electrical equipment manufacturer’s revenue for the reporting period amounted to $373.3 million.

AZZ expects annual earnings of $4.05 to $4.25 per share and revenue of $1.27 to $1.32 billion.

AZZ shares are up 5% since the start of the year. In the closing minutes of trading on Monday, the stock reached $42.21, down 23% from the past 12 months.

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This story was created by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access the Zacks AZZ stock report at https://www.zacks.com/ap/AZZ.

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