US based electrical products and galvanizing services provider AZZ incorporated issued its financial results for the fourth quarter of 2009 and the full year, saying that the results reflected a continuation of lower release of orders due to economic and regulatory uncertainty.

According to the financial results, the net profit of the company was USD 37.7 million in 2009 as compared with a net profit of USD 42.2 million in 2008, down by 11% YoY. Sales revenues in 2009 saw a decrease of 13% YoY from USD 412.4 million in the previous year to USD 357 million.

In the final quarter of 2009, the company's net profit was USD 8 million as compared to a net profit of USD 10 million in the same period of 2008, decreasing by 20% YoY. Sales revenues of USD 84.9 million in the fourth quarter of 2009 saw a 15% YoY decrease from USD 100.3 million in the fourth quarter of 2008.

Mr David H Dingus president & CEO of AZZ incorporated said that "As we look forward we believe that our markets will reflect modest improvement in our new fiscal year. This market improvement combined with the benefits from the territory and customer expansion brought about by the proposed acquisition of North American Galvanizing, will enhance AZZ's position as the market leader in this dynamic market."