AZZ Inc. AZZ reported first-quarter fiscal 2023 (ended May 31, 2022) operating earnings per share of $1.40 per share, which surpassed the Zacks Consensus Estimate of $1.03 by 35.9%. The bottom line also increased by 59.1% from the year-ago quarter’s earnings of 88 cents per share.Total RevenuesOperating revenues of $314.4 million beat the Zacks Consensus Estimate of $258 million by 22%. The top line increased 36.7% from $230 million in the prior-year quarter.AZZ Inc. Price, Consensus and EPS Surprise AZZ Inc. price-consensus-eps-surprise-chart | AZZ Inc. QuoteSegment RevenuesMetal Coating: Revenues from the segment increased 25.9% to $160.8 million from $127.7 million in the prior-year quarter.Precoat Metal: The segment, acquired on May 13, 2022, generated revenues of $43.7 million in the reported quarter. The segment is expected to continue benefiting from market conditions, including growth in import steel shipments, as well as the growing trend in manufacturing toward the increasing use of pre-painted steel and aluminum.Infrastructure Solutions: Revenues from the segment increased 7.6% to $109.9 million from $102.1 million in the prior-year quarter.Highlights of the ReleaseThe operating income for the fiscal first quarter was up 29.9% year over year to $39.9 million.AZZ incurred interest expenses of $7.5 million, up 340.4% from the year-ago period.As of May 31, 2022, AZZ had cash and cash equivalents of $101 million. Net cash flow provided by operating activities in the three months ended May 31 was $23.3 million compared with $11.1 million in the year-ago period.On Jun 23, 2022, AZZ announced a definitive agreement to sell its majority stake of nearly 60% in Infrastructure Solutions Segment (AIS) to Fernweh Group LLC to focus on metal coating and galvanizing solutions and gain from the favorable trend in end markets. AIS will continue to provide specialized products and solutions designed to support industrial and electrical applications. The above transaction is expected to close by the end of this year, subject to the necessary approval and permissions.GuidanceAZZ anticipates the fiscal second-quarter sales and EBITDA guidance in the range of $485-$510 million and $90 to $110 million.Zacks RankAZZ currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Upcoming ReleasesAlcoa Corporation AA is scheduled to announce second-quarter 2022 results on Jul 20 after market close. The Zacks Consensus Estimate for 2022 earnings is pegged at $50.1 per share.AA’s long-term earnings growth is projected at 8.7%. Alcoa delivered an average earnings surprise of 11.5% in the last four quarters.A. O. Smith Corporation AOS is scheduled to announce second-quarter 2022 results on Jul 28 before market open. The Zacks Consensus Estimate for 2022 earnings is pegged at $19.9 per share.AOS’ long-term earnings growth is projected at 9%. The company delivered an average earnings surprise of 12.6% in the last four quarters.AGCO Corporation AGCO is scheduled to announce second-quarter 2022 results on Jul 28 before market open. The Zacks Consensus Estimate for 2022 earnings is pegged at $14.3 per share.AGCO’s long-term earnings growth is projected at 10.1%. The company delivered an average earnings surprise of 43.4% in the last four quarters. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alcoa (AA): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report A. O. Smith Corporation (AOS): Free Stock Analysis Report AZZ Inc. (AZZ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research