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AZZ Inc. Reports Results for First Quarter of Fiscal Year 2022 ; Generates EPS of $ 0.88 and Revises Guidance Company revises fiscal year 2022 guidance ; Sales of $ 855 - $ 935 million , and earnings per share of $ 2.65- $ 3.05 , excluding potential acquisitions or divestitures July 9 , 2021 - FORT WORTH , TX - AZZ Inc. ( NYSE : AZZ ) , a global provider of metal coating solutions , welding solutions , specialty electrical equipment and highly engineered services today announced financial results for the first quarter of fiscal year 2022 , ended May 31 , 2021 . First Quarter Overview : ZAZZ Strong year - over - year financial results Reported diluted earnings per share of $ 0.88 , up 319.0 % , and Reported net income of $ 22.3 million , up 303.1 % versus last year's period Sales of $ 229.8 million , up 7.8 % versus last year's period Metal Coatings segment versus same quarter , prior year : Sales of $ 127.7 million , up 7.3 % Operating Income of $ 31.6 million , up 25.9 % Operating margins of 24.7 % , compared with 21.1 % in prior year quarter Infrastructure Solutions segment versus same quarter , prior year : O Sales of $ 102.1 million , up 8.3 % Operating Income of $ 9.6 million , versus loss of $ ( 1.0 ) million in prior year quarter o Operating margins of 9.4 % compared with loss of ( 1.1 ) % in prior year quarter Declared quarterly cash dividend in the amount of $ 0.17 per common share Repurchased 125,770 shares , totaling $ 6.3 million Management Discussion Tom Ferguson , President and Chief Executive Officer of AZZ , commented , " We are off to a solid start in fiscal 2022 with strong operating performance in the first quarter , including sales increasing 7.8 % , operating income up 114.5 % and net income up threefold . The solid financial results reflect the Page 1 of 8