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Sunday, April 18, 2021

AZZ to delay 3Q results as it reviews accounting methodology

Fort Worth-based AZZ Inc. (AZZ), said Tuesday that the company’s independent registered public accounting firm, BDO USA LLP, determined that the company historically should have accounted differently for certain contracts within its energy segment.

As a result the company said it will delay the filing of Form 10-Q for Q3, the quarter that ended Nov. 30, 2017.

The company said it now expects to report FY2018 EPS of $1.80-$2.30, but reaffirmed its current revenue guidance of $825M-$885M.

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