AZZ narrowsFY24 adjusted EPS view to $4.15-$4.35 from $3.85-$4.35

Narrows FY24 revenue view to $1.45B-$1.55B from $1.40B-$1.55B. Consensus is for FY24 EPS $4.12 and for revenue $1.51B. Raises FY24 Adjusted EBITDA view to $315M-$335M from $300M-$325M. The company narrowed and revised upward FY24 guidance to reflect AZZ‘s nine-month actual results and Q4 projections.Guidance includes estimated interest expense benefits from the repricing of our Term Loan B and the December repricing of our Senior Secured Revolver, and the reduction of another $25M in debt in the Q3, as well as Equity in earnings of unconsolidated subsidiaries. These actions have helped offset the impact of the higher interest rate environment. The computation of Adjusted earnings per diluted share also reflects the impact of the Series A Preferred stock and an effective tax rate of approximately 24% for the year.