This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. The quotes are generally pieces of information that I find interesting or helpful to understanding the company, industry or economy and are not meant to provide summaries of the full content of the call. Other posts in this series can be found by clicking here. Full transcripts can be found at Seeking Alpha.
$AZZ Earnings Call Notes
“we continue to experience a slowdown in the domestic fossil fuel power generation opportunities. And internationally, especially in the Middle East, the construction of power plants remain robust and we see strong demand for the products — for our products.
We expect the domestic fossil fuel generation market to be skewed further in the direction of natural gas for the construction and expect quotation activity to remain slow domestically in the near term.
NLI continues to see strong demand for their products and services in the nuclear power generation market. Demand for our domestic substation market is stable. Utility spending has not picked up significantly, and we expect that market to be at the current levels going forward in the year in the near term. Over the long term, we continue to be optimistic regarding the opportunities associated with the upgrade of the domestic distribution substation networks.
High voltage transmission market is seeing activity pickup internationally, particularly in Asia. Competition is intense from European and Asian vendors, and we hope to close projects despite pricing pressure in these markets.”