AZZ incorporated (NYSE: AZZ) makes
electrical products that distribute power to and from generators, transformers, switching devices, and other electrical configurations. It also offers lighting products for the petroleum, food processing, and power generation industries. Its Galvanizing Services segment provides hot dip galvanizing to the steel fabrication industry. Competitors include General Electric (NYSE: GE) and Eaton Corporation (NYSE: ETN).
The company pleased investors late last month, when it reported fiscal Q1 EPS of 82 cents and revenues of $100.0 million. Analysts had been expecting 54 cents and $90.1 million. Incoming first quarter orders set a company record of $106.9 million. The book to ship ratio came in at 107%. Management also guided FY09 EPS to $2.95-$3.05 ($2.43 consensus) and FY09 revenues to $410-$425 million ($400.04M consensus).

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The company pleased investors last week, when it reported Q3 EPS of 66 cents and revenues of $86.6 million. Analysts had been expecting 53 cents and $78.0 million. Management also guided FY08 EPS to $2.12-$2.22 ($2.12 consensus) and FY08 revenues to $315-$325 million ($321 million consensus). The stock popped into the initial stage of a bullish "flag" pattern on the news. Equities frequently exit flags moving in the same direction they were traveling on entry. In this case, that would be to the upside.

