AZZ: Fiscal Q2 Earnings Snapshot

FORT WORTH, Texas (AP) — FORT WORTH, Texas (AP) — AZZ Inc. (AZZ) on Tuesday reported fiscal second-quarter net income of $58.5 million.

On a per-share basis, the Fort Worth, Texas-based company said it had profit of $1.94. Earnings, adjusted for one-time gains and costs, came to $2 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.82 per share.

The electrical equipment maker posted revenue of $486.9 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $461.8 million.

AZZ expects full-year earnings in the range of $7 to $7.30 per share, with revenue in the range of $1.83 billion to $1.88 billion.

AZZ shares have risen 29% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $138.31, a climb of 37% in the last 12 months.

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