Manufacturing activity in the euro area remained sluggish since the coronavirus outbreak. International trade strains and a moribund automobile industry disrupted economic growth in the eurozone. Manufacturing output, regrettably, contracted at a steeper pace last month as demand continued to wane.Compiled by S&P Global, the HCOB’s Eurozone Manufacturing PMI dropped to 46.1 in March from February’s reading of 46.5. The index stayed below the 50 mark, indicating contraction in factory output. The index notch ...

FORT WORTH, Texas, April 5, 2024 /PRNewswire/ -- AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions, today announced it will conduct a conference call to review the financial results for the fourth quarter and fiscal year 2024 at 11:00 a.m. ET on Monday, April 22, 2024. The Company will issue a press release reporting fourth quarter and full year financial results before the market opens on April 22, 2024.Conference Call DetailsInterested parties can acc ...

FORT WORTH, Texas, April 4, 2024 /PRNewswire/ -- AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions, today announced its Board of Directors has authorized a fourth quarter cash dividend in the amount of $0.17 per share on the Company's outstanding shares of common stock. The dividend is payable on May 2, 2024, to shareholders of record as of the close of business on April 17, 2024. While AZZ currently intends to pay regular quarterly cash dividends for t ...

FORT WORTH, Texas, March 20, 2024 /PRNewswire/ -- AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions in North America, today announced the successful repricing of AZZ's currently existing $980 million Term Loan B due May 13, 2029.  The repricing reduces the interest rate margin on the Term Loan B by 50 basis points to SOFR + 325 basis points resulting in annual interest savings of approximately $5 million per year. Philip Schlom, Chief Financial Officer ...

FORT WORTH, Texas, March 4, 2024 /PRNewswire/ -- AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions in North America, today announced that David Nark, Senior Vice President, Marketing, Communications, and Investor Relations will participate in the Sidoti Small Cap Conference.  Additionally, Tom Ferguson, President and Chief Executive Officer, as well as Mr. Nark will participate in the 36th Annual Roth Conference.  The Sidoti Small Cap Conference, prese ...

Investors looking for stocks in the Manufacturing - Electronics sector might want to consider either AZZ (AZZ) or Eaton (ETN) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revi ...

Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Is AZZ (AZZ) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.AZZ is one of 227 companies in the Industrial Products group. The Industrial Products group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different ...

Core Viewpoint - The article emphasizes the importance of identifying and maintaining trends in short-term investing, highlighting the utility of a "Recent Price Strength" screen to find stocks with strong fundamentals that can sustain upward momentum [1]. Group 1: Stock Performance - AZZ has shown a solid price increase of 50.3% over the past 12 weeks, indicating strong investor interest [2]. - The stock has also maintained a price increase of 19.1% over the last four weeks, confirming that the upward trend is still intact [2]. - Currently, AZZ is trading at 97.5% of its 52-week high-low range, suggesting it may be on the verge of a breakout [2]. Group 2: Fundamental Strength - AZZ holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [3]. - The Zacks Rank system has a strong historical performance, with Zacks Rank 1 stocks averaging an annual return of +25% since 1988 [3]. - The Average Broker Recommendation for AZZ is 1 (Strong Buy), indicating high optimism from the brokerage community regarding its near-term price performance [3]. Group 3: Investment Strategy - The article suggests that AZZ is not the only stock that meets the criteria of the "Recent Price Strength" screen, encouraging investors to explore other potential candidates [4]. - It highlights the availability of over 45 Zacks Premium Screens tailored to different investing styles, which can help identify winning stock picks [4]. - The Zacks Research Wizard tool allows backtesting of stock-picking strategies, enhancing the effectiveness of investment decisions [4].

Here are three stocks with buy rank and strong value characteristics for investors to consider today, February 13:Griffon Corporation (GFF) : This company which provides consumer and professional, and home and building products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.9% over the last 60 days.Griffon Corporation has a price-to-earnings ratio (P/E) of 14.29 compared with 21.28 for the S&P. The company possesses a Value Score of B.AZZ I ...

The manufacturing sector was one of the biggest sufferers over the past couple of years as inflation hit a 40-year high, which compelled the Federal Reserve to adopt an aggressive monetary tightening campaign. Higher interest rates slowed demand and the manufacturing sector started shrinking.Although the crisis is far from over, manufacturing activity has steadily made a rebound for the last two months, thanks to cooling inflation and easing price pressures. The Institute for Supply Management (“ISM”) repor ...