Azz inc. reports results for second quarter of fiscal year 2022; generates eps of $0.76 and revises guidance

Fort worth, texas, oct. 12, 2021 /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 second quarter of fiscal year 2022, ended august 31, 2021.  second quarter overview (references throughout are to adjusted amounts for fy2021)(1): strong year-over-year financial results diluted earnings per share of $0.76, up $0.27, or 55% net income of $19.0 million, up $6.0 million ebitda of $36.7 million, up $6.0 million sales of $216.4 million, up 6.4% versus last year metal coatings segment versus same quarter, prior year: sales of $129.6 million, up 10.7% operating income of $31.6 million, up 17.3% operating margins of 24.4%, up 140 basis points infrastructure solutions segment versus same quarter, prior year: sales of $86.9 million, up 0.6% operating income of $7.0 million, up 129.6% operating margins of 8.1%, up 460 basis points declared quarterly cash dividend in the amount of $0.17 per share of common stock repurchased $15.0 million in shares during the quarter; year-to-date we have repurchased 416,279 shares of common stock, totaling $21.2 million (1) see "non-gaap disclsoures" section included in the attached financial tables for a reconciliation of non-gaap adjusted earnings measures for the three and six months ended august 31, 2020.
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