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AZZ Inc. (AZZ) Is Losing Ground On News Of Accounting Review

AZZ Inc. (AZZ) announced Tuesday morning that it will undertake a review of its accounting methodology, which will result in a delay in the filing of its third quarter Form 10-Q.

The company now expects to report full year 2018 EPS of $1.80 to $2.30, with revenues of $825 million to $885 million.

AZZ gapped open sharply lower this morning and has continued to decline on above average volume. The stock is now down 4.14 at $46.50 and has dropped to nearly a 1-month low.

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