Exhibit 99.2
AZZ incorporated
Financial and Other Statistical Information
(unaudited)
($ in Thousand except per share amount)
| | Actual Year to Date February 28, 2009 | | | Projected Year Ended February 28, 2010 | |
Net Sales: | | | | | | |
Electrical and Industrial Products | | $ | 225,797 | | | $ | 245,000 to $255,000 | |
Galvanizing Services | | $ | 186,567 | | | $ | 150,000 to $160,000 | |
Total Sales | | $ | 412,364 | | | $ | 395,000 to $415,000 | |
| | | | | | | | |
Diluted earnings per share | | $ | 3.43 | | | $ | 2.75 to $2.95 | |
| | | | | | | | |
Net Sales by Market Segment: | | | | | | | | |
Power Generation | | | 13 | % | | | 17 | % |
Transmission and Distribution | | | 29 | % | | | 33 | % |
Industrial | | | 58 | % | | | 50 | % |
| | | | | | | | |
Electrical and Industrial Products | | | | | | | | |
Revenues by Industry: | | | | | | | | |
Power Generation | | | 18 | % | | | 22 | % |
Transmission and Distribution | | | 46 | % | | | 48 | % |
Industrial | | | 36 | % | | | 30 | % |
| | | | | | | | |
Galvanizing Services | | | | | | | | |
Revenues by Industry: | | | | | | | | |
Electrical and Telecommunications | | | 24 | % | | | 28 | % |
OEM’s | | | 21 | % | | | 16 | % |
Industrial | | | 29 | % | | | 24 | % |
Bridge and Highway | | | 5 | % | | | 9 | % |
Petro Chemical | | | 21 | % | | | 23 | % |
| | | | | | | | |
Operating Margins: | | | | | | | | |
Electrical and Industrial Products | | | 17.2 | % | | 17% to 18 | % |
Galvanizing Services | | | 28.5 | % | | 24% to 25.5 | % |
| | | | | | | | |
Cash Provided By Operations | | $ | 60,196 | | | $ | 75,000 | |
Capital Expenditures | | $ | 20,008 | | | $ | 14,000 | |
Depreciation and Amortization of Intangible Assets and Debt Issue Cost | | $ | 14,542 | | | $ | 14,600 | |
Total Bank Debt | | $ | 100,000 | | | $ | 100,000 | |
| | | | | | | | |
Percent of Business By Segment: | | | | | | | | |
Electrical and Industrial Products | | | 55 | % | | | 62 | % |
Galvanizing Services | | | 45 | % | | | 38 | % |