EX-99.1 2 dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

AZZ incorporated

Financial and Other Statistical Information

(unaudited)

($ in Thousand except per share amount)

 

    

Projected

Year Ended

February 29, 2008

 

Net Sales:

  

Electrical and Industrial Products

   $ 158,000 to $163,000  

Galvanizing Services

   $ 117,000 to $122,000  
        

Total Sales

   $ 275,000 to $285,000  

Diluted earnings per share

   $ 2.70 to $2.80  

Net Sales by Market Segment:

  

Power Generation

   $ 19,000  

Transmission and Distribution

   $ 75,000  

Industrial

   $ 186,000  
        

Total Sales

   $ 280,000  

Electrical and Industrial Products

  

Revenues by Industry:

  

Power Generation

     11 %

Transmission and Distribution

     39 %

Industrial

     50 %

Galvanizing Services

  

Revenues by Industry:

  

Electrical and Telecommunications

     21 %

OEM’s

     17 %

Industrial

     19 %

Bridge and Highway

     9 %

Petro Chemical

     34 %

Operating Margins:

  

Electrical and Industrial Products

     12.5 %

Galvanizing Services

     20.0 %

Cash Provided By Operations

   $ 20,000  

Capital Expenditures

   $ 10,000  

Depreciation and Amortization of Intangible Assets and Debt Issue Cost

   $ 8,500  

Total Bank Debt

   $ 14,000  

Percent of Business by Segment

  

Electrical and Industrial Products

     57 %

Galvanizing Services

     43 %

 

1