AZZ earnings up nearly 50% despite blaze

Apr 10, 2013 | 02:15 PM | Suzy Waite

Tags  AZZ, galvanizing, David Dingus, Joliet fire, earnings report, Suzy Waite

NEW YORK — Galvanizer and electrical products maker AZZ Inc.’s net income saw a 48.4-percent boost in fiscal 2013 on higher sales and insurance proceeds related to a fire at its hot-dip galvanizing facility in Joliet, Ill.

The Fort Worth, Texas-based company posted net income of $60.46 million for the year ended Feb. 28 vs. $40.74 million in the same period a year earlier on sales that climbed 21.6 percent to $570.59 million.....

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