Azz inc. reports fiscal year 2021 results; generates adjusted eps of $2.11; reported eps of $1.52

Fort worth, texas, april 23, 2021 /prnewswire/ -- azz inc. (nyse: azz), a global provider of metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services today issued its audited consolidated financial statements contained in the company's fiscal year 2021 annual report on form 10-k for the year ended february 28, 2021.  fiscal year 2021 overview and recent highlights: achieved 34th consecutive year of profitability reported earnings per share of $1.52 and reported net income of $39.6 million full year adjusted earnings per share of $2.11 and adjusted net income of $55.0 million sales of $838.9 million, decreased by 21.0% compared to prior year metal coatings segment full year results versus prior year: sales of $457.8 million, down 8.3% adjusted operating income of $106.7 million, down 1.1% adjusted operating margin of 23.3%, versus 21.6%, or 170 bps improvement infrastructure solutions segment full year results versus prior year: sales of $381.1 million, down 32.3% adjusted operating income of $15.7 million, down 52.1% adjusted operating margin of 4.1% versus 5.8%, or 170 bps decline cash provided from operating activities of $92.0 million decreased 35.3% versus prior year repurchased over 1.2 million shares, totaling $48.3 million, during the fiscal year effective tax rate of 22.3%; 340 basis points improved over prior year company reaffirms fiscal year 2022 guidance; sales of $835 - $935 million, and earnings per share of $2.45 - $2.95, excluding potential acquisitions or divestitures management discussion tom ferguson, president and chief executive officer of azz, commented, "throughout fiscal year 2021, the covid-19 pandemic significantly impacted our operations and financial results.
AZZ Ratings Summary
AZZ Quant Ranking