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Earnings Analysis: 
AZZ Surges 12%, Park Electro Drops 10%
Author: 123jump.com Staff
123jump.com
Last Update: 12:58 PM ET September 27 2008


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AZZ Inc a manufacturer of electrical producsts and galvanizing services provider said second quarter revenues rose 27% to $103.3 million and net income rose 39% to $11.3 million or 92 cents a share. Park Electrochemical second quarter sales dropped 8% and net fell 46%.

 
[R]12:40AM New York - American Greetings Corporation revenue rose 2% and net income fell 73%. AZZ incorporated revenue rose 27% and net income rose 39%. GenCorp Inc revenue fell 13% and net loss was $2.7 million.[/R]

American Greetings Corporation, reported second quarter revenues rose 2% to $385.8 million from $377.5 million a year ago. Net income in the quarter fell 73% to $2.3 million or 5 cents per diluted share compared to net income of $8.4 million or 15 cents per share, a year ago.

American Greetings Corporation (AM: chart) in the last one year traded as high as $28.49 in October 2007 and as low as $11.69 in June 2008. Based on the yesterday’s closing price the company has a market cap of $812.69 million.

AZZ incorporated, a manufacturer of electrical products and a provider of galvanizing services reported second quarter revenues rose 27% to $103.3 million from $81.6 million a year ago. Net income in the quarter rose 39% to $11.3 million or 92 cents per diluted share compared to net income of $8.1 million or 66 cents per share, a year ago.

AZZ incorporated (AZZ: chart) in the last one year traded as high as $48.50 in July 2008 and as low as $24.41 in November 2007. Based on the yesterday’s closing price the company has a market cap of $466.07 million.

GenCorp Inc, a manufacturer of aerospace and defense systems reported third quarter revenues fell 13% to $172.5 million from $198.5 million a year ago. Net loss in the quarter was $2.7 million or 5 cents per diluted share compared to net income of $15.6 million or 26 cents per share, a year ago.

GenCorp Inc (GY: chart) in the last one year traded as high as $13.10 in October 2007 and as low as $6.87 in July 2008. Based on the yesterday’s closing price the company has a market cap of $426.71 million.

Jabil Circuit, Inc, a provider of electronic manufacturing services reported fourth quarter revenues rose 4% to $3.3 billion from $3.1 billion a year ago. Net income in the quarter rose 390% to $57.5 million or 28 cents per diluted share compared to net income of $11.7 million or 6 cents per share, a year ago.

Net revenue for the fiscal year increased four percent to $12.8 billion compared to $12.3 billion for fiscal 2007. Net income for fiscal 2008 increased 83% to $133.9 million compared to $73.2 million for fiscal 2007. Diluted earnings per share for fiscal 2008 increased 86% to $0.65 compared to $0.35 for fiscal 2007.

First fiscal quarter of 2009 outlook, company expects net revenue in a range of $3.40 billion to $3.60 billion. Earnings per share are estimated to be $0.20 to $0.28 per diluted share.

Jabil Circuit, Inc (JBL: chart) in the last one year traded as high as $24.95 in September 2007 and as low as $9.03 in March 2008. Based on the yesterday’s closing price the company has a market cap of $2.25 billion.

KB Home, a home builder reported third quarter revenues fell 56% to $681.6 million from $1.54 billion a year ago. Net loss in the quarter was $144.7 million or $1.87 per diluted share compared to net loss of $35.6 million or 46 cents per share, a year ago.

KB Home (KBH: chart) in the last one year traded as high as $30.59 in October 2007 and as low as $13.16 in July 2008. Based on the yesterday’s closing price the company has a market cap of $1.90 billion.

Park Electrochemical Corp, an advanced materials company reported second quarter sales fell 8% to $55.6 million from $60.5 million a year ago. Net income in the quarter fell 46% to $4.9 million or 24 cents per diluted share compared to net income of $9.16 million or 45 cents per share, a year ago.

Park Electrochemical Corp (PKE: chart) in the last one year traded as high as $37.17 in October 2007 and as low as $21.11 in January 2008. Based on the yesterday’s closing price the company has a market cap of $548.61 million.
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