Azz inc. reports results for third quarter of fiscal year 2022; generates eps of $0.85

Fort worth, texas, jan. 10, 2022 /prnewswire/ -- azz inc. (nyse: azz), a global provider of metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services today announced financial results for the third quarter of fiscal year 2022, ended november 30, 2021.  third quarter overview : strong year-over-year financial results diluted earnings per share of $0.85, up $0.09, or 11.8% sales of $231.7 million, up 2.3% versus last year net income of $21.1 million, up $1.4 million ebitda of $39.8 million, up 0.5% metal coatings segment versus same quarter, prior year: sales of $133.4 million, up 15.4% operating income of $32.7 million, up 14.1% operating margins of 24.5% infrastructure solutions segment versus same quarter, prior year: sales of $98.4 million, down 11.4% operating income of $9.2 million, up 5.4% operating margins of 9.3% repurchased $7.6 million shares during the third quarter; year-to-date we have repurchased 564,279 shares of common stock, totaling $28.9 million fiscal year to date management discussion tom ferguson, president and chief executive officer of azz, commented, "we continue to deliver solid results in fiscal 2022 with strong operating performance in the third quarter, driven by sales increasing 2.3%, operating income up 8.0% and net income up 7.0%, compared to the same quarter last year.
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