Investor Presentation
Q3 and YTD FY23 Adjusted Earnings Per Share (EPS)
($ in thousands, except per share)
Amount
May 31, 2022
Per Diluted
Share 1
Three Months Ended
August 31, 2022
November 30, 2022
Amount
Net income (loss) from continuing operations
$
15,353
ŁA
$
24,080
Per Diluted
Share1
Amount
$
14,839
Per Diluted
Share 1
ŁA
$
Nine Months Ended
November 30, 2022
Amount
Per Diluted
Share 1
54,272
available to common shareholders
Impact of after-tax interest expense for Convertible Notes
547
Impact of Preferred share dividends
2,006
1,040
Net income for diluted earnings per share
$
15,900 $
0.62 $
27,126 $
0.93 $
14,839 $
0.59 $
54,272 $
2.17
Adjustments:
Acquisition and transaction related expenditures²
12,614
0.49
2,706
0.09
15,320
0.61
Amortization of intangible assets.
3,541
0.14
7,941
0.27
6,133
0.25
17,615
0.70
Subtotal
Tax Impact³
Total adjustments
16,155
0.63
10,647
0.37
6,133
0.25
32,935
1.32
(3,877)
(0.15)
(2,555)
(0.09)
(1,472)
(0.06)
(7,904)
(0.32)
12,278
0.48
8,092
0.28
4,661
0.19
25,031
1.00
Adjusted earnings and adjusted earnings per share
$
28,178 $
1.10 $
35,218 $
1.21
$
19,500 $
0.78 $
79,303 $
3.17
(1) Earnings per share amounts included in the table above may not sum due to rounding differences
(2) Includes expenses related to the Precoat acquisition as well as the divestiture of the AZZ Infrastructure Solutions business
Z (3) Tax benefit consists of 21% federal statutory rate and 3% blended state tax rate for acquisition and transaction related expenditures and depreciation and amortization, and 22.2% for
INVESTOR PRESENTATION
26
Estimated loss on discontinued operationsView entire presentation