Tuesday, 02 January 2024 12:17 GMT

AZZ Stock Tumbles 6% Premarket After Q2 Earnings: What Went Wrong?


(MENAFN- AsiaNet News)

AZZ Inc. (AZZ) stock fell nearly 6% premarket on Thursday after the company's fiscal second-quarter earnings came in below Wall Street's estimates.

The metals coating producer reported adjusted earnings of $1.55 per share for the second quarter, compared with market estimates of $1.57 per share, according to Fiscal data. AZZ's second-quarter sales of $417.3 million also missed expectations of $429.4 million.

Retail sentiment on Stocktwits about AZZ was in the 'extremely bullish' territory at the time of writing.

AZZ's Sentiment Meter and Message Volume as of 04:48 a.m. ET on Oct. 9, 2025 | Source: Stocktwits

"In line with broader industry trends, Precoat Metals' sales results were pressured by building construction, HVAC, and appliance end-markets,” said CEO Tom Ferguson in a statement.

U.S. manufacturing rose for a fourth successive month in September, but the upturn lost momentum as companies reported a drop in order book growth alongside a buildup of unsold finished goods inventories, according to S & P Global data.

Its fiscal second-quarter net sales in the metal coatings segment increased by 10.8% to $190 million over the same period last year, primarily due to higher volume supported by infrastructure-related project spending in several end markets. However, its adjusted core profit margin declined.

The company maintained its full-year sales forecast, which is in the range of $5.75 to $6.25 per share, along with sales projections of $1.63 billion and $1.73 billion.

Many retail traders were optimistic that the stock would recover from the dip.

AZZ stock has gained 28% this year, bettering the 15% gain of the benchmark S & P 500 index.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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