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    • AZZ Inc. Acquires Assets of Nebraska-based Galvanizing Facility from Olson Industries, Inc.
      AZZ strengthens capabilities to support galvanizing customers in Nebraska, Iowa and South Dakota markets
      PR Newswire AZZ Inc.
      February 1, 2016 6:30 AM
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      6:44 am AZZ acquires assets of Nebraska-based Galvanizing Facility from Olson Industries; expect Nebraska plant to be accretive to earnings within the first year of operation Briefing.com 2 days 20 hrs ago
      AZZ INC Files SEC form 8-K, Regulation FD Disclosure EDGAR Online 7 days ago
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      FORT WORTH, Texas, Feb. 1, 2016 /PRNewswire/ -- AZZ Inc. (AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, announced today that it has acquired the assets of Alpha Galvanizing Inc., an Atkinson, Nebraska-based business unit of Olson Industries, Inc. Alpha Galvanizing has served steel fabrication customers that manufacture electrical utility poles, agricultural machinery and industrial manufacturing components since 1996.

      The newly acquired Nebraska plant is located on a 12-acre site with a 19,500 square foot operating facility with a 46'L x 6'W x 8'D kettle. Alpha Galvanizing was founded to bring quality galvanizing services to the Nebraska market as well as to support Olson Industries' internal galvanizing demand. The new galvanizing plant will operate as AZZ Galvanizing–Nebraska and will complement AZZ's Midwestern locations in Minnesota and Denver, Colorado. This acquisition increases AZZ Galvanizing Services' network of hot-dip galvanizing plants to 43 sites in the United States and Canada.

      Tim Pendley, senior vice president and chief operating officer of Galvanizing Services of AZZ Inc., commented,

      Sentiment: Strong Buy

    • #$%$ incorporated Announces Plan to Build New "Greenfield" Galvanizing Services Plant in Reno, Nevada
      PR Newswire #$%$ incorporated
      12 hours ago
      
      FORT WORTH, Texas, June 30, 2015 /PRNewswire/ -- #$%$ incorporated (#$%$), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services, today announced the construction of a new hot-dip galvanizing plant near Reno, Nevada. The new 25 acre plant site is located in the Tahoe-Reno Industrial Center east of Sparks, Nevada will be open for business by January of 2016. Upon completion of the new Reno facility, #$%$ Galvanizing Services will operate a network of 43 hot-dip galvanizing plants in the United States and Canada.

      The new Reno plant will be an environmentally friendly, state of the art, 50,000-square foot facility with a 30'-6"L x 7'-3"W x 10'D kettle. #$%$ Galvanizing – Reno, LLC will employ 25 to 30 people, expanding as demand for high quality hot-dip galvanizing services grows. Initial hires will include production, maintenance and administrative personnel. Local employment is anticipated to grow to 60 plus people over the course of two to three years.

      Tim Pendley, chief operating officer of Galvanizing Services of #$%$ incorporated, commented, "We chose Reno because of all of the positive economic development in the area. It provides the opportunity to develop this new and untapped market. We've been planning the expansion into the Reno area for several years, waiting for the opportune time to invest in the future of this growing community. Upon completion of the Reno facility we will have 43 galvanizing facilities in our network allowing us to provide superior customer service with customized turnaround times that are unmatched in the industry. We are very excited to be a part of Nevada's future."

      Sentiment: Buy

    • AZZ incorporated Announces Agreement to Acquire the Galvanizing Business of Trinity Industries

      AZZ acquires six hot-dip galvanizing plants; enters into long term strategic supply and service agreement with Trinity Industries for galvanizing services

      FORT WORTH, Texas, June 5, 2015 /PRNewswire/ -- AZZ incorporated (AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services, announced today that it has acquired the assets of U.S. Galvanizing, LLC, a premier provider of steel corrosion coating services, and a wholly-owned subsidiary of Trinity Industries, Inc. (TRN). With the purchase of these assets AZZ Galvanizing Services has increased its network of hot-dip galvanizing plants to 42 sites in the United States and Canada. U.S. Galvanizing, LLC generated revenue of approximately $34 million in sales on a trailing twelve-month basis as of March 31, 2015.

      The acquisition of the U.S. Galvanizing, LLC assets includes six galvanizing facilities located in Hurst, Texas; Kennedale, Texas; Big Spring, Texas; San Antonio, Texas; Morgan City, Louisiana; and Kosciusko, Mississippi. Additionally, the transaction includes Texas Welded Wire, a secondary business integrated within U.S. Galvanizing's Hurst, Texas facility. As part of this acquisition, AZZ and Meyer Steel Structures, a leading manufacturer of steel structures for electricity transmission and distribution, and a wholly-owned subsidiary of Trinity Industries, have entered into a long-term supply and service agreement where AZZ will be the primary supplier of hot-dip galvanizing services for Meyer Steel Structures.

      Sentiment: Buy

    • #$%$ incorporated Issues Revenue and Earnings Guidance for Fiscal Year 2016

      #$%$ incorporated
      January 20, 2015 4:01 PM

      FORT WORTH, Texas, Jan. 20, 2015 /PRNewswire/ -- #$%$ incorporated (#$%$), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services, today issued revenue and earnings guidance for fiscal year 2016. Fiscal year 2016 refers to the 12 month period beginning March 1, 2015 and ending on February 29, 2016.

      Tom Ferguson, president and chief executive officer of #$%$, said, "Based upon the evaluation of information currently available to management, we are projecting our fiscal 2016 earnings to be within the range of $2.75 and $3.25 per diluted share, and revenues are estimated to be within the range of $875 to $925 million. Our fiscal year 2016 guidance reflects our estimates given the current market conditions, quarterly seasonality, and our plans for organic growth through product innovation, geographic expansion, and leveraging of our sales organization."

      Mr. Ferguson continued, "During the course of the past year, we achieved a number of strategic initiatives, and made substantial progress in improving our operational efficiencies and expanding the global markets we serve - setting the stage for sustainable profitability. We look forward to achieving our 29th consecutive year of profitability, as we are firmly committed to focus on continuing to drive operational excellence, cost control, and strong cash flow."

      Mr. Ferguson concluded, "Our next, regularly scheduled quarterly conference call will be in April 2015, where we will be reporting the operating results for our fourth quarter and 2015 fiscal year, and will further discuss our fiscal year 2016 guidance."

      Sentiment: Strong Buy

    • #$%$ incorporated Completes the Acquisition of a Minnesota Galvanizing Facility
      Acquisition strengthens market leadership position; Increases to 36 the number of galvanizing facilities in North America
      PR Newswire #$%$ incorporated
      June 30, 2014 4:50 PM

      FORT WORTH, Texas, June 30, 2014 /PRNewswire/ -- #$%$ incorporated (#$%$), a global provider of electrical products and highly engineered services and a provider of galvanizing services in North America, today announced that it has successfully completed a transaction to acquire substantially all of the assets of Zalk Steel & Supply Co., a Minneapolis, Minnesota-based galvanizing company that has served its customers in the upper Midwest of the United States since 1955. The acquisition of Zalk Steel & Supply, a small-kettle niche provider of galvanizing services, brings to 36 the number of galvanizing plants in the Galvanizing Services Segment of #$%$, and further enhances #$%$'s position as the market leader in the North American galvanizing industry.

      Tom Ferguson, president and chief executive officer of #$%$ incorporated, said "We are extremely pleased to make this strategic acquisition that allows us to expand our network of galvanizers and broadens our service capabilities in the Midwestern U.S. with yet another successful operating plant. Operated with pride and integrity since its founding in 1955, Zalk Steel & Supply has a rich heritage of providing a superior level of service and support to their customers.

      Sentiment: Buy

    • #$%$ incorporated Announces Retirement of Dana Perry and Intends to Appoint Paul W. Fehlman as Next Chief Financial Officer
      Mr. Perry to remain on the Board of Directors;
      Will assist Mr. Fehlman with transition
      PR Newswire #$%$ incorporated
      February 24, 2014 4:01 PM
      FORT WORTH, Texas, Feb. 24, 2014 /PRNewswire/ -- #$%$ incorporated (#$%$), a global provider of electrical products and services and a provider of galvanizing services, today announced that Mr. Dana Perry, senior vice president of finance, chief financial officer and secretary of #$%$, will retire effective May 31, 2014. Mr. Paul W. Fehlman has agreed to join the company and will transition into the company's roles of senior vice president of finance, chief financial officer and secretary of #$%$.

      Paul Fehlman's background is well suited to #$%$'s current and future business. He brings a strong track record of accomplishments with more than 20 years of senior level finance experience. He has served in a variety of positions, including treasury, financial planning and analysis, investor relations and operating financial roles during his career. He was most recently with Flowserve Corporation in Irving, Texas, serving as Vice President Finance for the Engineered Products Division, and also previously held roles as Vice President Treasurer and Vice President Financial Planning and Analysis and Investor Relations at Flowserve. Mr. Fehlman has extensive experience in international finance and operations serving similar industrial manufacturing and energy markets to those of #$%$. Mr. Fehlman holds a BS degree in Business Administration from California Polytechnic State University San Luis Obispo and an MBA from Cornell University's S.C. Johnson Graduate School of Management.

      An #$%$ employee for the past 39 years, Mr. Perry is a member of the Company's Board of Directors and will continue in that capacity for the foreseeable future. Mr. Perry will work closely with Mr. Fehlman to effect a seamless transition.

      Sentiment: Strong Buy

    • #$%$ incorporated Board Declares Quarterly Cash Dividend and Issues Revenue and Earnings Guidance for Fiscal Year 2015
      PR Newswire #$%$ incorporated
      8 hours ago
      FORT WORTH, Texas, Jan. 17, 2014 /PRNewswire/ -- #$%$ incorporated (#$%$), a global provider of electrical products and services and a provider of galvanizing services, today announced the Board of Directors, at its regularly scheduled meeting, has declared a quarterly cash dividend of 14 cents per share payable on February 14, 2014 to shareholders of record on January 31, 2014.

      The Company is issuing revenue and earnings guidance for fiscal year 2015. Fiscal Year 2015 refers to the 12 month period beginning March 1, 2014 and ending on February 28, 2015.

      Tom E. Ferguson, president and chief executive officer of #$%$ incorporated, stated, "Based upon the evaluation of information currently available to management, we are projecting our fiscal 2015 earnings to be within the range of $2.40 and $2.80 per diluted share, and revenues are estimated to be within the range of $850 to $900 million. We continue to build upon the success we have been able to achieve over the past decade, and continually strive to further enhance the performance of the Company. Revenues for the Electrical and Industrial Products and Services Segment are projected to increase as a result of organic growth and the full year impact of WSI operating results. Margins in the Electrical and Industrial Products and Services Segment should be in the range of 11 to 13 percent. The Galvanizing Services Segment revenues are projected to be up due primarily to market share improvement. Margins for the Galvanizing Services Segment should remain strong, and should be in the range of 26 to 28 percent. It is anticipated that 41 percent of our revenues will be derived from the Galvanizing Services Segment and 59 percent from the Electrical and Industrial Products and Services Segment.

      Sentiment: Strong Buy

    • #$%$ incorporated Reports the Hiring of Mr. Tom E. Ferguson as President and Chief Executive Officer

      #$%$ incorporated Hires Mr. Tom Ferguson to Serve as President and Chief Executive Officer and elects Mr. Ferguson to Serve on #$%$ incorporated's Board of Directors

      PR NewswirePress Release: #$%$ incorporated – Mon, Nov 4, 2013 4:01 PM EST..

      FORT WORTH, Texas, Nov. 4, 2013 /PRNewswire/ -- #$%$ incorporated (#$%$) ("#$%$") today announced that it had reached an agreement with Mr. Tom E. Ferguson under which Mr. Ferguson will serve as President and Chief Executive Officer of #$%$ and that Mr. Ferguson has been elected to serve on #$%$'s Board of Directors. Mr. Ferguson, 57 has extensive experience in the industries in which #$%$ operates, having served as Chief Executive Officer of FlexSteel Pipeline Technologies, Inc., a provider of pipeline technology products and services, immediately prior to his employment with #$%$. Prior to serving in this position, Mr. Ferguson spent 25 years serving in various executive capacities with Flowserve Corp. (a NYSE listed company), a global provider of fluid motion and control products and services, and its affiliates. Mr. Ferguson will begin his employment with #$%$, and will become a member of #$%$'s Board of Directors, effective Monday, November 4, 2013.

      Kevern Joyce, Chairman of the Board of Directors of #$%$, said "We are excited to have the opportunity to move forward with Tom Ferguson as President and CEO of #$%$. Tom will be a great asset to #$%$, as he brings significant business and leadership experience in the industries in which we operate. We feel that Tom's experience and track record in achieving business growth, both organically and through acquisitions, will be instrumental in helping our company pursue its strategic vision."

      Sentiment: Strong Buy

    • #$%$ incorporated Reports the Death of Mr. David H. Dingus, President and Chief Executive Officer

      #$%$ incorporated Mourning Loss of David Dingus; Dana Perry to Assume Duties of President and Chief Executive Officer on Interim Basis

      PR NewswirePress Release: #$%$ incorporated – Mon, Oct 28, 2013 4:01 PM EDT..

      FORT WORTH, Texas, Oct. 28, 2013 /PRNewswire/ -- #$%$ incorporated (#$%$) today announced with great sadness the death of Mr. David H. Dingus, Director, President and Chief Executive Officer. Mr. Dingus died unexpectedly on Sunday, October 27 from medical complications related to pancreatic cancer. Mr. Dingus has served as the President and Chief Executive Officer of #$%$ incorporated since 2001 and as a member of the Board of Directors of #$%$ incorporated since 1999.

      Kevern Joyce, Chairman of the Board of Directors of #$%$ incorporated, said "The entire #$%$ family is saddened by the news of David's death. We grieve David's passing and send our deepest condolences to his family."

      The duties of the President and Chief Executive Officer of #$%$ incorporated will be assumed on an interim basis by Mr. Dana Perry, the current Senior Vice President of Finance and Chief Financial Officer of #$%$ incorporated until #$%$'s board of directors appoints a successor to serve in such office on a long-term basis.

      #$%$ incorporated is a global provider of specialty electrical equipment and highly engineered services to the power generation, transmission, distribution, and industrial markets as well as a leading provider of hot dip galvanizing services to the North American steel fabrication market.

      Certain statements herein about our expectations of future events or results constitute forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by

      Sentiment: Strong Buy

    • FINL, USAT, MTN, #$%$, FINL, USAT, MTN, #$%$ Notable companies reporting before tomorrow's open
      Notable companies reporting before tomorrow's market open, with earnings consensus, include Vail Resorts (MTN), consensus ($1.71); #$%$ incorporated (#$%$), consensus 66c; Finish Line (FINL), consensus 45c; USA Technologies (USAT), consensus 2c.

      Sentiment: Strong Buy

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AZZ
56.10-1.13(-1.97%)Jun 27 4:02 PMEDT