AZZ inc (AZZ) Q1 2022 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Operator
Good morning, and welcome to the AZZ, Inc. Fourth Quarter and Fiscal Year 2021 Financial Results Conference Call. [Operator Instructions].
I would now like to turn the conference over to Joe Dorame, Managing Partner. Please go ahead.
Joe Dorame
Investor Relations
Thank you. Good morning and thank you all for joining us today to review the financial results for AZZ, Inc. for the fourth quarter and fiscal year 2021 ended February 28, 2021. Joining the call today are Tom Ferguson, Chief Executive Officer; Philip Schlom, Chief Financial Officer; and David Nark, Senior Vice President, Marketing Communications and IR. After the conclusion of today s prepared remarks, we will open the call for question-and-answer session. Please note there is a slide presentation for today s call, which can be found on AZZ s Investor Relations page under Latest Earnings Release Presentation at www.azz.com.
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FORT WORTH, Texas, April 23, 2021 /PRNewswire/ AZZ Inc.
(NYSE: AZZ), a global provider of metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services today issued its audited consolidated financial statements contained in the Company s Fiscal Year 2021 Annual Report on Form 10-K for the year ended February 28, 2021.
Fiscal Year 2021 Overview and Recent Highlights:
Achieved 34
Reported earnings per share of $1.52 and reported net income of $39.6 million
Full Year adjusted earnings per share of $2.11 and adjusted net income of $55.0 million
Sales of $838.9 million, decreased by 21.0% compared to prior year
Metal Coatings segment full year results versus prior year:
Operator
Good day, and welcome to the AZZ Inc. Third Quarter of Fiscal Year 2021 Financial Results Conference Call. [Operator Instructions] After today s presentation, there will be an opportunity to ask questions. Please note that this event is being recorded.
I would now like to turn the conference over to Joe Dorame. Please go ahead, sir.
Joe Dorame
Investor Relations, Lytham Partners
Thank you, Chuck. Good morning and thank you for joining us today to review the financial results of AZZ Inc. for the third quarter of fiscal year 2021, ended November 30, 2020.
Joining the call today are Tom Ferguson, Chief Executive Officer; Philip Schlom, Chief Financial Officer; and David Nark, Senior Vice President, Marketing, Communications and IR. After the conclusion of today s prepared remarks, we ll open the call for question-and-answer session.
Brookfield Asset Management Announces Appointment of Hutham Olayan to Board of Directors
Brookfield Asset Management Announces Appointment of Hutham Olayan to Board of Directors
BROOKFIELD NEWS, Jan. 05, 2021 Brookfield Asset Management Inc. (“Brookfield” or the “Corporation”) (TSX: BAM.A, NYSE: BAM) announced today the appointment of Hutham Olayan to its board of directors. Ms. Olayan is Chair of The Olayan Group, a multinational investment enterprise as well as a leading operator of businesses in Saudi Arabia, where the group originated in 1947. Ms. Olayan has decades of experience as a long-term investor in various asset classes in global markets.
Frank McKenna, Chair of the Board of Directors of Brookfield, stated, “We are thrilled to welcome Ms. Olayan to Brookfield. As an accomplished business leader and skilled director, she brings vast knowledge and significant experience in international business to the board of directors.” Mr. McKenna continued, “Ms.