11
Oct
21:14
AZZ reports record sales, net loss
Fort Worth, Texas-based galvanising and coatings services provider AZZ Inc is reporting record sales during the company's second quarter of fiscal 2023 but a net loss resulting from the purchase of Precoat Metals and other business decisions.
In the quarter ending 31 August, AZZ incurred a net loss of $57.6 million on sales of $406.7m due to the pending sale of its infrastructure solutions segment and the purchase of Precoat Metals made earlier durin…
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