Exhibit 99.2
AZZ incorporated
Financial and Other Statistical Information
(unaudited)
($ in Thousand except per share amount)
| | Actual Year to Date May 31, 2009 | | | Projected Year Ended February 28, 2010 | |
Net Sales: | | | | | | |
Electrical and Industrial Products | | $ | 55,386 | | | $ | 220,000 to $230,000 | |
Galvanizing Services | | $ | 40,106 | | | $ | 150,000 to $160,000 | |
Total Sales | | $ | 95,492 | | | $ | 370,000 to $390,000 | |
| | | | | | | | |
Diluted earnings per share | | $ | .80 | | | $ | 2.70 to $2.90 | |
| | | | | | | | |
Net Sales by Market Segment: | | | | | | | | |
Power Generation | | | | | | | 18 | % |
Transmission and Distribution | | | | | | | 37 | % |
Industrial | | | | | | | 45 | % |
| | | | | | | | |
Electrical and Industrial Products | | | | | | | | |
Revenues by Industry: | | | | | | | | |
Power Generation | | | | | | | 22 | % |
Transmission and Distribution | | | | | | | 49 | % |
Industrial | | | | | | | 29 | % |
| | | | | | | | |
Galvanizing Services | | | | | | | | |
Revenues by Industry: | | | | | | | | |
Electrical and Telecommunications | | | | | | | 28 | % |
OEM’s | | | | | | | 16 | % |
Industrial | | | | | | | 27 | % |
Bridge and Highway | | | | | | | 9 | % |
Petro Chemical | | | | | | | 20 | % |
| | | | | | | | |
Operating Margins: | | | | | | | | |
Electrical and Industrial Products | | | 19.0 | % | | 16% to 18 | % |
Galvanizing Services | | | 31.9 | % | | 25% to 27 | % |
| | | | | | | | |
Cash Provided By Operations | | $ | 13,740 | | | $ | 45,000 | |
Capital Expenditures | | $ | 3,709 | | | $ | 14,000 | |
Depreciation and Amortization of Intangible Assets and Debt Issue Cost | | $ | 4,153 | | | $ | 14,600 | |
Total Bank Debt | | $ | 100,000 | | | $ | 100,000 | |
| | | | | | | | |
Percent of Business By Segment: | | | | | | | | |
Electrical and Industrial Products | | | 58 | % | | | 58 | % |
Galvanizing Services | | | 42 | % | | | 42 | % |
| |