13
Oct
16:17
Covid-19 bites into AZZ coatings division sales
Metal coatings and electrical services provider AZZ saw a -6% drop in its coatings division in the second fiscal quarter of 2021, Kallanish reports.
For the quarter ended 31 August, AZZ’s coating and galvanizing division recorded revenue of $117 million, down -6.3% on-year. Concurrently, segment operating profit dropped by -6.1% to $26.9m.
The company as a whole saw its sales fall by -13.9% to $203.4m, while the company recorded a loss of $1.8m …
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Very good overview of the weekly steel market.
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