Market commentary Jan 2024 Verified
HVAC End-Market Softness Noted by AZZ Inc.
AZZ Inc.'s Precoat Metals segment reported lower volume in HVAC end markets during the third quarter of fiscal year 2024, indicating softness in that sector. The company noted this was offset by value-pricing initiatives and a shift in sales mix.
“Sales of $218.4 million increased year-over-year by 1.6% despite lower volume in HVAC, transportation, and container end markets.”
Entities
AZZ Inc. · Mentioned
HVAC Sentiment: Negative
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