EX-99.2 4 azzfy11guidance.htm AZZ GUIDANCE FY11 azzfy11guidance.htm


Exhibit 99.2

AZZ incorporated
Financial and Other Statistical Information
(unaudited)
($ in Thousands except per share amount)

   
Actual
Year to Date
February 28, 2010
   
Projected
Year Ended
February 28, 2011
 
Net Sales:
           
   Electrical and Industrial Products
  $ 203,457     $ 150,000 to $160,000  
   Galvanizing Services
  $ 153,653     $ 160,000 to $170,000  
        Total Sales
  $ 357,030     $ 310,000 to $330,000  
                 
Diluted earnings per share
  $ 3.02     $ 1.85 to $2.20  
                 
Net Sales by Market Segment:
               
  Power Generation
    17 %     16 %
  Transmission and Distribution
    34 %     32 %
  Industrial
    49 %     52 %
                 
Electrical and Industrial Products
               
Revenues by Industry:
               
  Power Generation
    22 %     20 %
  Transmission and Distribution
    48 %     47 %
  Industrial
    30 %     33 %
                 
Galvanizing Services
               
Revenues by Industry:
               
  Electrical and Telecommunications
    28 %     28 %
  OEM’s
    11 %     11 %
  Industrial
    35 %     32 %
  Bridge and Highway
    8 %     9 %
  Petro Chemical
    18 %     20 %
                 
Operating Margins:
               
   Electrical and Industrial Products
    20.0 %  
13.5% to 15.5
 %
   Galvanizing Services
    29.2 %  
24% to 26
 %
                 
Cash Provided By (Used In)Operations
  $ 82,630     $ 49,000  
Capital Expenditures
  $ 12,036     $ 15,500  
Depreciation and Amortization of Intangible Assets and Debt Issue Cost
  $ 17,469     $ 17,500  
Total Bank Debt
  $ 100,000     $ 100,000  
                 
Cash Dividend
  $ 3,089     $ 12,400  
                 
Percent of Business By Segment:
               
   Electrical and Industrial Products
    57 %     49 %
   Galvanizing Services
    43 %     51 %