AZZ incorporated (NYSE:AZZ) Q3 2015 Earnings Conference Call - Final Transcript

Jan 09, 2015 • 11:00 am ET


AZZ incorporated (NYSE:AZZ) Q3 2015 Earnings Conference Call - Final Transcript


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Good morning, and welcome to the AZZ Incorporated Third Quarter Fiscal Year 2015 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Joe Dorame of Lytham Partners. Please go ahead, sir.

Joe Dorame

Thank you, Denise. Good morning and thank you for joining us today to review the financial results of AZZ Incorporated for the Third Quarter of Fiscal Year 2015 ended November 30, 2014. As Denise indicated, my name is Joe Dorame. I'm with Lytham Partners and we are the investor relations consulting firm for AZZ Incorporated.

With us on the call representing the company are Mr. Tom Ferguson, Chief Executive Officer, and Mr. Paul Fehlman, Chief Financial Officer. At the conclusion of today's prepared remarks, we will open the call for a question-and-answer session. If anyone participating on today's call does not have a full-text copy of the press release, you can retrieve it from the company's website at or numerous financial websites.

Before we begin with prepared remarks, I would like to remind everyone certain statements made by the management team of AZZ during this conference call constitute forward-looking statements within the meaning of the private securities litigation Reform Act of 1995. Except for the statements of historical fact, this conference called may contain forward-looking statements that involve risks and uncertainties, some of which are detailed from time-to-time and documents filed by AZZ with the United States Securities and Exchange Commission, including the annual report on form 10-k for the fiscal year ended February 28, 2014.

Those risks and uncertainties include, but are not limited to changes in customer demand and response to products and services offered by the Company, including demand by the electrical power generation markets, electrical transmission and distribution markets, the industrial markets, and a hot-dip galvanizing markets, prices and raw material costs including zinc and natural gas which are used in the hot-dip galvanizing process, changes in the economic conditions of the various markets the company serves foreign and domestic, customer requests, delays of shipments, acquisition opportunities, currency exchange rates, adequate financing, and availability of experienced management employees to implement the Company's growth strategies.

The Company can give no assurance that such forward-looking statements will prove to be correct. These statements are based on information as of the date hereof, and AZZ assumes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

With that said, let me turn the call over to Mr. Tom Ferguson, Chief Executive Officer of AZZ. Tom?

Tom Ferguson

Thank you, Joe. Good morning to all of you and Happy New Year. We thank you for your continued interest in AZZ. Overall, I am pleased with our results for the third quarter and the effort and commitment of our employees. Our realignment actions are already generating many of the improvements