Exhibit 99.2
AZZ incorporated
Financial and Other Statistical Information
(unaudited)
($ in Thousands except per share amount)
Actual Year to Date February 28, 2010 | Projected Year Ended February 28, 2011 | |||||||
Net Sales: | ||||||||
Electrical and Industrial Products | $ | 203,457 | $ | 150,000 to $160,000 | ||||
Galvanizing Services | $ | 153,653 | $ | 160,000 to $170,000 | ||||
Total Sales | $ | 357,030 | $ | 310,000 to $330,000 | ||||
Diluted earnings per share | $ | 3.02 | $ | 1.85 to $2.20 | ||||
Net Sales by Market Segment: | ||||||||
Power Generation | 17 | % | 16 | % | ||||
Transmission and Distribution | 34 | % | 32 | % | ||||
Industrial | 49 | % | 52 | % | ||||
Electrical and Industrial Products | ||||||||
Revenues by Industry: | ||||||||
Power Generation | 22 | % | 20 | % | ||||
Transmission and Distribution | 48 | % | 47 | % | ||||
Industrial | 30 | % | 33 | % | ||||
Galvanizing Services | ||||||||
Revenues by Industry: | ||||||||
Electrical and Telecommunications | 28 | % | 28 | % | ||||
OEM’s | 11 | % | 11 | % | ||||
Industrial | 35 | % | 32 | % | ||||
Bridge and Highway | 8 | % | 9 | % | ||||
Petro Chemical | 18 | % | 20 | % | ||||
Operating Margins: | ||||||||
Electrical and Industrial Products | 20.0 | % | 13.5% to 15.5 | % | ||||
Galvanizing Services | 29.2 | % | 24% to 26 | % | ||||
Cash Provided By (Used In)Operations | $ | 82,630 | $ | 49,000 | ||||
Capital Expenditures | $ | 12,036 | $ | 15,500 | ||||
Depreciation and Amortization of Intangible Assets and Debt Issue Cost | $ | 17,469 | $ | 17,500 | ||||
Total Bank Debt | $ | 100,000 | $ | 100,000 | ||||
Cash Dividend | $ | 3,089 | $ | 12,400 | ||||
Percent of Business By Segment: | ||||||||
Electrical and Industrial Products | 57 | % | 49 | % | ||||
Galvanizing Services | 43 | % | 51 | % |