AZZ Inc. (NYSE: AZZ) reported first-quarter fiscal 2024 earnings per share (EPS) of $1.14 and sales of $390.87 million, slightly below the consensus EPS of $1.16 on revenue of $396.65 million.

Despite the earnings results, the company is reaffirming its full-year fiscal 2024 guidance, expecting sales to range from $1.40 billion to $1.55 billion. This is in line with the consensus estimate of $1.52 billion in revenue for the period.

In after-hours, $AZZ was trading at $40.82, down $1.08 (2.58%).

In other news, shares of Alpine 4 Holdings, Inc. (Nasdaq: ALPP) experienced a significant surge of over 20% in the extended session as its subsidiary, Vayu Aerospace Corporation, secured its first purchase order (P.O.) worth $5.25 million from an existing $100 million supply agreement. The order was placed by U.S. Government contractor, All American Contracting, Inc., for ten G1 MKIII Fixed Wing UAV's.

As per the deal, the P.O. includes a 1-year warranty on airframes, electric motors, and electronics, along with a 5-year warranty on the engine. Vayu will provide on-site training for All American's customer's pilots. The purchase requires a 10% down payment, with final payment to be made before delivery. The airframes are expected to be delivered in Q4 2023 and Q1 2024.

$ALPP is currently trading at $2.10 in after-hours, reflecting an increase of $0.42 (25.00%) following the announcement.

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