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EX-99.1 - EXHIBIT 99.1 DIVIDEND PRESS RELEASE - AZZ INCex991q3fy14dividendrelease.htm


Exhibit 99.2

AZZ incorporated
Financial and Other Statistical Information
(unaudited)
($ in Thousands except per share amount)
 
 
 
Projected
Year Ended
February 28, 2014
 
Projected
Year Ended
February 28, 2015
Net Sales:
 
 
 
 
 
   Electrical and Industrial Products
 
 
$425,000 to $430,000
 
$500,000 to $535,000
   Galvanizing Services
 
 
$335,000 to $340,000
 
$350,000 to $365,000
        Total Sales
 
 
$760,000 to $770,000
 
$850,000 to $900,000
 
 
 
 
 
 
Diluted earnings per share
 
 
$2.30 to $2.40
 
$2.40 to $2.80
 
 
 
 
 
 
Net Sales by Market Segment:
 
 
 
 
 
  Power Generation
 
 
39%
 
33%
  Transmission and Distribution
 
 
16%
 
19%
  Industrial
 
 
45%
 
49%
 
 
 
 
 
 
Electrical and Industrial Products
 
 
 
 
 
Revenues by Industry:
 
 
 
 
 
  Power Generation
 
 
51%
 
48%
  Transmission and Distribution
 
 
16%
 
14%
  Industrial
 
 
33%
 
38%
 
 
 
 
 
 
Galvanizing Services
 
 
 
 
 
Revenues by Industry:
 
 
 
 
 
  Electrical and Telecommunications
 
 
34%
 
36%
  OEM’s
 
 
12%
 
11%
  Industrial
 
 
36%
 
32%
  Bridge and Highway
 
 
5%
 
6%
  Petro Chemical
 
 
13%
 
15%
 
 
 
 
 
 
Operating Margins:
 
 
 
 
 
   Electrical and Industrial Products
 
 
10% to 11%
 
11% to 13%
   Galvanizing Services
 
 
27% to 29%
 
26% to 28%
 
 
 
 
 
 
Cash Provided By (Used In)Operations
 
 
$110,000 to $120,000
 
$90,000 to $110,000
Capital Expenditures
 
 
$50,000
 
$35,000 to $40,000
Depreciation and Amortization of
   Intangible Assets and Debt Issue Cost
 
 
$40,000 to $45,000
 
$45,000 to $50,000
Total Bank Debt
 
 
$430,000
 
$380,000 to $400,000
 
 
 
 
 
 
Cash Dividend
 
 
$14,500
 
$15,000
 
 
 
 
 
 
Percent of Business By Segment:
 
 
 
 
 
   Electrical and Industrial Products
 
 
56%
 
59%
   Galvanizing Services
 
 
44%
 
41%