Gabelli Reports AZZ Beginning To See Modest Increases In Inquiry And Quotation Levels

According to Gabelli, AZZ AZZ is beginning to see modest increases in inquiry and quotation levels for the Electrical and Industrial Products segment and growth in Galvanizing Services segment. Gabelli reported that, while the opportunities are increasing, pricing remains a challenge due to competitive forces and increased cost of commodities. “Our 2012, 13, and 14 EPS estimates are $3.00, $3.35, and $3.85 respectively. 2013 PMV of $43.” AZZ closed yesterday at $46.79.