AZZ inc. (AZZ) announced it has lowered revenue and earnings guidance for fiscal 2013 due to recent significant customer requested delays in the delivery of the Electrical and Industrial Products combined with lower revenues in the Galvanizing Services Segment due to the higher than expected slowdown during December and January. The company now expects fiscal 2013 earnings per share within the range of $2.30 and $2.35, and revenues to be within the range of $570 million to $575 million.
The company's prior guidance was for earnings per share to be within the range of $2.35 to 2.45 and revenues to be within the range of $575 million to $585 million.
Analysts polled by Thomson Reuters currently expect the company to report 2013 profit per share of $2.30 on revenue of $583.30 million. Analysts' estimates typically exclude special items.
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