EX-99.2 3 dex992.htm PROJECTED FINANCIAL INFORMATION Projected Financial Information

Exhibit 99.2

AZZ incorporated

Financial and Other Statistical Information

(unaudited)

($ in Thousand except per share amount)

 

    

Projected
Year Ended
February 28, 2009

Net Sales:

  

Electrical and Industrial Products

   $205,000 to $210,000

Galvanizing Services

   $160,000 to $170,000

Total Sales

   $365,000 to $380,000

Diluted earnings per share

   $2.28 to $2.42

Net Sales by Market Segment:

  

Power Generation

   $52,000

Transmission and Distribution

   $115,000

Industrial

   $205,000

Total Sales

   $372,000

Electrical and Industrial Products

  

Revenues by Industry:

  

Power Generation

   20%

Transmission and Distribution

   44%

Industrial

   36%

Galvanizing Services

  

Revenues by Industry:

  

Electrical and Telecommunications

   21%*

OEM’s

   17%*

Industrial

   19%*

Bridge and Highway

   9%*

Petro Chemical

   34%*

*Does not reflect AAA Galvanizing customer distribution

  

Operating Margins:

  

Electrical and Industrial Products

   15.5% to 16.5%

Galvanizing Services

   18.5% to 19.5%

Cash Provided By Operations

   $30,000

Capital Expenditures

   $12,500

Depreciation and Amortization of Intangible Assets and Debt Issue Cost

   $11,000

Total Bank Debt

   $100,000

Percent of Business By Segment:

  

Electrical and Industrial Products

   55%

Galvanizing Services

   45%