AZZ Inc. (NYSE: AZZ) has announced a first-quarter cash dividend of $0.17 per share, payable on July 31, 2024, to shareholders of record as of the close of business on July 10, 2024. This represents a change from the previous dividend of $0.17 per share, indicating stability in dividend payout.
In terms of financial performance, AZZ Inc. reported its first-quarter results for fiscal year 2025, with total revenue reaching $224.5 million, compared to $220.3 million in the same period last year. This represents a 1.9% increase in total revenue year-over-year.
The company's operating income for the first quarter of fiscal year 2025 was $21.7 million, compared to $18.5 million in the first quarter of the previous fiscal year, marking a 17.3% increase in operating income.
Net income attributable to AZZ Inc. for the first quarter of fiscal year 2025 was $15.2 million, compared to $12.6 million in the same period last year, representing a 20.6% increase in net income.
Furthermore, AZZ Inc. reported earnings per share (EPS) of $0.58 for the first quarter of fiscal year 2025, compared to $0.48 in the prior-year period, reflecting a 20.8% increase in EPS.
These financial results indicate growth and improved profitability for AZZ Inc. in the first quarter of fiscal year 2025 compared to the same period in the previous fiscal year. As a result of these announcements, the company's shares have moved -1.2% on the market, and are now trading at a price of $77.19. For the full picture, make sure to review AZZ's 8-K report.
