Azz inc. announces fiscal year 2023 third quarter results

Third quarter sales growth reflects continued solid demand robust cash flow generation has reduced net leverage by 0.9x raising fy2023 adjusted eps guidance range to $4.05 - $4.25 fort worth, texas , jan. 9, 2023 /prnewswire/ -- azz inc. (nyse: azz), the leading independent provider of hot-dip galvanizing and coil coating solutions, today announced financial results for the third quarter ended november 30, 2022. third quarter notable highlights: sales of $373.3 million from continuing operations; excludes one month of ais sales totaling $42.3 million, classified as discontinued operations strong third quarter sales performance across both segments with metal coatings up 17.2% and precoat metals up 14.8% on a comparable basis consolidated adjusted eps of $0.88; reported diluted eps of $(0.97) includes non-cash write down related to previously announced ais divestiture adjusted ebitda of $71.2 million or 19.1% of sales for the quarter net income from continuing operations of $18.4 million compared to $13.1 million in the prior year raising fiscal year 2023 adjusted eps guidance to $4.05 - $4.25 reduced debt by $230.3 million completed divestiture of ais on september 30, 2022 "we were pleased with our second full quarter as a focused metal coatings business.
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