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AZZ(AZZ) - 2026 Q2 - Earnings Call Transcript
2025-10-09 16:02
Financial Data and Key Metrics Changes - Total sales increased by 2% to $417.3 million from $409 million in the prior year period [9][14] - Adjusted earnings per share rose by 13.1% to $1.55 compared to $1.57 in the prior year [14] - Operating cash flow improved by 23% [5] - Consolidated adjusted EBITDA for the quarter was $88.7 million, reflecting a margin of 21.3%, down from 22.5% in the prior year [14][15] - Reported net income for the second quarter was $89.3 million, compared to $35.4 million for the prior year quarter [14] Business Line Data and Key Metrics Changes - Metal Coatings segment achieved a sales increase of 10.88%, driven by higher volumes and infrastructure-related spending [9] - Precoat Metals' sales declined by 4.3% due to a weaker end-market environment, particularly in building construction, HVAC, and appliance end markets [9][10] - Metal Coatings margins were at 30.8%, slightly down due to a mix of lower-margin solar and transmission distribution projects [5][10] Market Data and Key Metrics Changes - End-market sales for utilities increased by 19%, and consumer sales rose by 7.6%, while construction sales were up by less than 1% compared to the same quarter last year [18] - The demand outlook for Precoat's end markets remains mixed, with ongoing tariffs contributing to customer hesitation on non-infrastructure-related projects [6][19] Company Strategy and Development Direction - The company is focused on technology upgrades, including migrating data systems to Oracle and exploring AI opportunities [8] - AZZ is pursuing strategic growth opportunities through capital allocation strategies, including organic growth and M&A [16][24] - The company anticipates multi-year tailwinds from infrastructure spending, particularly in energy and power generation capacity [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of core markets and growth potential for galvanized steel in construction and industrial projects [5] - The company reiterated guidance for total sales in the range of $1.625 billion to $1.725 billion for the fiscal year 2026 [23] - Management remains cautious about the mixed demand outlook for Precoat Metals but is optimistic about market share gains and new customer wins [6][19] Other Important Information - Interest expense for the second quarter was $13.7 million, a significant improvement from the prior year due to debt paydown and repricing [12] - The effective tax rate decreased to 21.9% from 25.6% in the prior year, attributed to increased R&D tax credits [13][14] Q&A Session Summary Question: Can you provide more color on Precoat market share gains? - Management noted that share gains were due to a significant decline in pre-painted imports because of tariffs, allowing them to capture approximately 3% to 4% of market share despite a 9% to 10% market decline [27][28] Question: What are the expectations for Precoat Metals segment volumes in the back half of the year? - Management indicated that sustaining market share gains and ramping up the Washington facility would be key, with optimism about a potential rebound in construction [31][32] Question: What would take you to the higher end of the adjusted EBITDA guidance range? - The biggest impact on EBITDA guidance is the loss of AVAIL equity income, with potential upside from operational improvements and market conditions [42][43] Question: How is the M&A pipeline looking? - Management reported a healthy M&A pipeline with several opportunities in various stages, expressing hope for potential acquisitions before the end of the year [64][65] Question: What is the outlook for interest expense for the fiscal year 2026? - Management expects interest expense to improve in the second half of the year due to debt reduction and favorable market conditions [84] Question: Can you provide insights on the zinc market? - Management noted that zinc prices have rebounded, which could create pricing opportunities, but current inventory levels mitigate immediate impacts on margins [96][98]
AZZ(AZZ) - 2026 Q2 - Earnings Call Transcript
2025-10-09 16:00
Financial Data and Key Metrics Changes - Total sales increased by 2% to $417.3 million from $409 million in the prior year period [9] - Adjusted earnings per share rose by 13.1% to $1.55 compared to $1.57 in the prior year [13] - Operating cash flow improved by 23%, reflecting disciplined execution [4] - Consolidated adjusted EBITDA for the quarter was $88.7 million, with a margin of 21.3%, down from 22.5% in the prior year [13][14] Business Line Data and Key Metrics Changes - Metal Coatings segment achieved a sales increase of 10.88%, driven by higher volumes and infrastructure-related spending [9] - Precoat Metals' sales declined by 4.3% due to a weaker end-market environment, particularly in building construction, HVAC, and appliance end markets [9][10] - Metal Coatings margins were 30.8%, slightly down due to a mix shift towards lower-margin markets [4] Market Data and Key Metrics Changes - End-market sales for utilities increased by 19%, while consumer sales rose by 7.6% [18] - Construction sales were up by less than 1% compared to the same quarter last year [18] - The demand outlook for Precoat's end markets remains mixed, with ongoing tariffs contributing to customer hesitation on non-infrastructure-related projects [6] Company Strategy and Development Direction - The company is focused on technology upgrades, including migrating data systems to Oracle and exploring AI opportunities [8] - AZZ is pursuing strategic growth opportunities through capital allocation strategies and evaluating bolt-on acquisitions to extend market leadership in metal coatings [23] - The company anticipates multi-year tailwinds from infrastructure spending, particularly in energy and power generation capacity [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of core markets and growth potential for galvanized steel in construction and industrial projects [4] - The company reiterated guidance for total sales in the range of $1.625 billion to $1.725 billion for the fiscal year 2026 [21] - Management remains optimistic about the operational performance and cash generation capabilities despite potential market choppiness [22] Other Important Information - Interest expense for the quarter was $13.7 million, significantly improved from the prior year due to debt paydown and repricing [12] - The effective tax rate decreased to 21.9% from 25.6% in the prior year, attributed to increased R&D tax credits [13] - The company plans to buy back $20 million of its shares, indicating confidence in its stock value [88] Q&A Session Summary Question: Can you provide more color on Precoat market share gains? - Management noted that share gains were due to reduced pre-painted imports because of tariffs, with a 3% to 4% market share increase offsetting a 9% to 10% market decline [26][27] Question: What are the expectations for Precoat Metals' segment volumes in the back half of the year? - Management indicated that sustaining market share gains and ramping up the Washington facility would be key, with expectations of a rebound in construction [30][31] Question: What would take you to the higher end of the adjusted EBITDA guidance range? - The biggest impact on EBITDA guidance is the loss of AVAIL equity income, with potential upside from operational improvements and market conditions [35][36] Question: Can you provide an update on the M&A pipeline? - Management confirmed a healthy M&A pipeline with nine good opportunities, focusing on bolt-on acquisitions that align with strategic goals [54] Question: What are the expectations for interest expense for the fiscal year 2026? - Management expects interest expense to improve in Q3 and Q4 due to debt paydown and favorable repricing [66] Question: What is the outlook for equity in earnings from unconsolidated subsidiaries? - Management guided for zero equity income from AVAIL for Q3 and Q4, with potential for slight positive contributions in Q4 [68]
AZZ(AZZ) - 2026 Q2 - Earnings Call Presentation
2025-10-09 15:00
Financial Performance - Sales reached $417.3 million, a 2.0% increase compared to the previous fiscal year[3] - Adjusted EBITDA was $88.7 million, representing a substantial 150.0% increase[3] - Adjusted Diluted EPS stood at $1.55, up by 3.4%[3] Segment Results - Metal Coatings sales amounted to $190 million, reflecting a 10.8% increase[1, 5] with Adjusted EBITDA Margin of 30.8%[5] - Precoat Metals sales were $227.3 million, a decrease of 4.3%[1, 6] with Adjusted EBITDA Margin of 20.2%[6] Balance Sheet and Cash Flow - Cash provided by operating activities in Q2 was $58.4 million, a 23% increase[1] - Debt reduction of $5 million was achieved, resulting in a net leverage ratio of 1.7X[1] FY2026 Guidance - The company maintains its FY2026 sales guidance of $1.625-$1.725 billion[1] - Adjusted EBITDA is projected to be in the range of $360-$400 million[1] - Adjusted Diluted EPS is expected to be $5.75-$6.25[1] Shareholder Returns - Total value returned to shareholders year-to-date in FY2026 through dividend payments was $11.1 million[7]
AZZ shares fall 12% after Q2 earnings miss expectations despite strong profit growth
Invezz· 2025-10-09 14:21
Core Viewpoint - AZZ Inc. experienced a decline in share prices following the announcement of fiscal second-quarter results that fell short of expectations, primarily due to weak demand in several key end markets [1] Group 1: Financial Performance - The company reported lower-than-expected sales for the fiscal second quarter, indicating challenges in meeting market demand [1] - The decline in sales was attributed to weak demand across multiple key end markets, which negatively impacted overall performance [1] Group 2: Market Reaction - Following the earnings report, AZZ Inc.'s stock price fell, reflecting investor concerns regarding the company's performance and market conditions [1]
Helen of Troy, Ferrari, Apogee Therapeutics And Other Big Stocks Moving Lower In Thursday's Pre-Market Session - AZZ (NYSE:AZZ), Apogee Therapeutics (NASDAQ:APGE)
Benzinga· 2025-10-09 12:29
Summary of Key Points Core Viewpoint - U.S. stock futures are slightly lower, with Nasdaq futures down approximately 0.1% on Thursday, indicating a cautious market sentiment [1]. Company-Specific Summaries Helen of Troy Ltd (NASDAQ:HELE) - Helen of Troy reported quarterly earnings of 59 cents per share, surpassing the analyst consensus estimate of 53 cents per share [1]. - The company achieved quarterly sales of $431.781 million, exceeding the analyst consensus estimate of $418.806 million [1]. - For FY2026, Helen of Troy projects adjusted EPS between $3.75 and $4.25, which is below market estimates of $4.58 [1]. - The company anticipates sales in the range of $1.739 billion to $1.780 billion, compared to market estimates of $1.750 billion [1]. - Shares of Helen of Troy fell 16.7% to $23.00 in pre-market trading following the earnings report [2]. Ferrari NV (NYSE:RACE) - Ferrari's shares decreased by 12.4% to $420.00 in pre-market trading after the release of its comprehensive 2030 strategic plan and updated near-term financial guidance [4]. Apogee Therapeutics, Inc. (NASDAQ:APGE) - Apogee Therapeutics' stock tumbled 9.6% to $42.70 in pre-market trading after announcing a $300 million underwritten public offering [4]. AZZ Inc (NYSE:AZZ) - AZZ Inc's shares declined by 9.4% to $96.01 in pre-market trading following weak second-quarter results [4]. Plug Power Inc. (NASDAQ:PLUG) - Plug Power's stock fell 7.8% to $3.37 in pre-market trading after a decline of more than 5% on Wednesday, despite raising $370 million from the immediate exercise of 185.4 million warrants at $2 per share [4]. Other Notable Stocks - Inventiva (NYSE:IVA) shares fell 6.3% to $5.02 in pre-market trading [4]. - NextNRG Inc (NASDAQ:NXXT) saw a decline of 5.8% to $2.59 in pre-market trading [4].
Helen of Troy, Ferrari, Apogee Therapeutics And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Benzinga· 2025-10-09 12:29
Group 1: Helen of Troy Ltd - Helen of Troy reported quarterly earnings of 59 cents per share, beating the analyst consensus estimate of 53 cents per share [1] - The company reported quarterly sales of $431.781 million, exceeding the analyst consensus estimate of $418.806 million [1] - For FY2026, Helen of Troy expects adjusted EPS of $3.75-$4.25, lower than market estimates of $4.58, and sales of $1.739 billion-$1.780 billion, compared to market estimates of $1.750 billion [1] Group 2: Stock Movements - Helen of Troy shares fell 16.7% to $23.00 in pre-market trading following the earnings report [2] - Ferrari NV shares decreased by 12.4% to $420.00 after releasing its 2030 strategic plan and updated financial guidance [4] - Apogee Therapeutics, Inc. shares tumbled 9.6% to $42.70 after announcing a $300 million public offering [4] - AZZ Inc shares declined 9.4% to $96.01 following weak second-quarter results [4] - Plug Power Inc shares fell 7.8% to $3.37 after raising $370 million from the exercise of warrants [4] - Inventiva shares decreased by 6.3% to $5.02 in pre-market trading [4] - NextNRG Inc shares fell 5.8% to $2.59 in pre-market trading [4]
AZZ Inc. (NYSE:AZZ) Financial Performance and Market Valuation Insights
Financial Modeling Prep· 2025-10-09 02:00
Core Insights - AZZ Inc. reported earnings per share (EPS) of $1.55, slightly below the estimated $1.56, with total revenue of approximately $417.3 million, lower than the estimated $426.2 million [1][2] Financial Performance - Total sales increased by 2% year-over-year, reaching $417.3 million [2][6] - Metal Coatings sales rose by 10.8% to $190 million, while Precoat Metals sales declined by 4.3% to $227.3 million [2] - Net income surged by 152.3% to $89.3 million, with adjusted net income increasing by 13.8% to $46.9 million [2][6] - GAAP diluted EPS rose by 150% to $2.95 per share, and adjusted diluted EPS increased by 13.1% to $1.55 [3] - Consolidated adjusted EBITDA was $88.7 million, representing 21.3% of sales, slightly down from 22.5% the previous year [3] Segment Performance - The adjusted EBITDA margin was 30.8% for Metal Coatings and 20.2% for Precoat Metals [3] - Infrastructure Solutions reported an adjusted EBITDA of negative $2.3 million, excluding gains and other adjustments [3] Strategic Developments - AZZ completed the acquisition of a galvanizing facility in Canton, Ohio, for $30.1 million [4] - The company paid a cash dividend of $0.20 per share to common shareholders [4] - The strong performance of Metal Coatings was driven by infrastructure project spending and growth in construction, industrial, and electrical transmission and distribution markets [4] Market Valuation - AZZ has a price-to-earnings (P/E) ratio of approximately 12.19, indicating the market's valuation of its earnings [5][6] - The price-to-sales ratio stands at about 2.00, with an enterprise value to sales ratio of around 2.38 [5] - The enterprise value to operating cash flow ratio is approximately 7.66, and the earnings yield for AZZ is 8.20% [5] - The company's debt-to-equity ratio is 0.49, suggesting a moderate level of debt relative to equity, and it maintains a current ratio of 1.51 [5]
AZZ (AZZ) Misses Q2 Earnings and Revenue Estimates
ZACKS· 2025-10-08 22:26
Core Insights - AZZ reported quarterly earnings of $1.55 per share, slightly missing the Zacks Consensus Estimate of $1.56 per share, but showing an increase from $1.37 per share a year ago, resulting in an earnings surprise of -0.64% [1] - The company posted revenues of $417.28 million for the quarter, which was 2.84% below the Zacks Consensus Estimate, but an increase from $409.01 million year-over-year [2] - AZZ shares have increased by approximately 28.3% since the beginning of the year, outperforming the S&P 500's gain of 14.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.53, with expected revenues of $431.16 million, and for the current fiscal year, the EPS estimate is $6.02 on revenues of $1.68 billion [7] - The estimate revisions trend for AZZ was favorable prior to the earnings release, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Manufacturing - Electronics industry, to which AZZ belongs, is currently ranked in the bottom 39% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Another company in the same industry, A.O. Smith, is expected to report quarterly earnings of $0.89 per share, reflecting a year-over-year increase of 8.5%, with revenues projected at $935.3 million, up 3.6% from the previous year [9][10]
AZZ Inc. Reports Fiscal Year 2026 Second Quarter Results
Prnewswire· 2025-10-08 20:15
Core Insights - AZZ Inc. reported solid financial results for the second quarter of fiscal year 2026, with total sales of $417.3 million, reflecting a 2.0% increase year-over-year, and adjusted diluted EPS of $1.55, up 13.1% [2][9] - The company maintains its fiscal year 2026 guidance, projecting sales between $1.625 billion and $1.725 billion, adjusted EBITDA of $360 million to $400 million, and adjusted diluted EPS of $5.75 to $6.25 [7][8] Financial Performance - Total sales for the second quarter reached $417.3 million, up 2.0% from the previous year, with Metal Coatings sales increasing by 10.8% to $190.0 million, while Precoat Metals sales decreased by 4.3% to $227.3 million [2][9] - Adjusted EBITDA for the quarter was $88.7 million, representing 21.3% of sales, down from $91.9 million or 22.5% of sales in the prior year [9] - Net income surged to $89.3 million, a 152.3% increase, while adjusted net income rose by 13.8% to $46.9 million [9] Segment Performance - Metal Coatings segment achieved sales of $190.0 million, up 10.8%, driven by infrastructure-related project spending, with an adjusted EBITDA margin of 30.8% [4][9] - Precoat Metals segment reported sales of $227.3 million, down 4.3%, primarily due to weaker demand in building construction, HVAC, and appliance markets, with an EBITDA margin of 20.2% [5][9] Balance Sheet and Cash Flow - The company generated $58.4 million in cash from operations during the quarter, with a net debt leverage ratio of 1.7x at the end of the quarter [3][6] - Significant operating cash of $373.2 million was generated in the first six months of fiscal year 2026, including a distribution of $273.2 million from the AVAIL joint venture [6][14] - AZZ Inc. completed a $30.1 million acquisition during the quarter and increased its cash dividend to $0.20 per share [3][9] Guidance and Outlook - The fiscal year 2026 guidance remains unchanged, reflecting anticipated market conditions, lower interest expenses, and an effective tax rate of 24% [7][8] - The company continues to monitor customer trends in key markets to ensure the achievability of its financial targets for the year [2][3]
AZZ(AZZ) - 2026 Q2 - Quarterly Results
2025-10-08 20:13
[Press Release Overview](index=1&type=section&id=Press%20Release%20Overview) [Headline and Introduction](index=1&type=section&id=Headline%20and%20Introduction) AZZ Inc. reported strong Q2 FY2026 results, showing growth in sales, EPS, and cash flow, with unchanged FY2026 guidance - AZZ Inc. reported Q2 FY2026 results with growth in **sales, EPS, and cash flow**[1](index=1&type=chunk)[2](index=2&type=chunk) - Fiscal Year 2026 Guidance remains unchanged[1](index=1&type=chunk) [Fiscal Year 2026 Second Quarter Highlights](index=1&type=section&id=Fiscal%20Year%202026%20Second%20Quarter%20Highlights) Q2 FY2026 sales increased 2.0% to $417.3 million, net income surged 152.3% to $89.3 million, and adjusted EPS grew 13.1% to $1.55 Q2 FY2026 Key Financial Highlights | Metric | Q2 FY2026 (Millions) | Change YoY | | :----------------------- | :------------------- | :--------- | | Total Sales | $417.3 | +2.0% | | Metal Coatings Sales | $190.0 | +10.8% | | Precoat Metals Sales | $227.3 | -4.3% | | Net Income | $89.3 | +152.3% | | Adjusted Net Income | $46.9 | +13.8% | | GAAP Diluted EPS | $2.95 | +150.0% | | Adjusted Diluted EPS | $1.55 | +13.1% | | Consolidated Adjusted EBITDA | $88.7 | -3.5% (from $91.9M) | | Cash from Operating Activities | $58.4 | +23% | - Completed the acquisition of a galvanizing facility in Canton, Ohio for **$30.1 million**[6](index=6&type=chunk) - Paid a cash dividend of **$0.20 per share** to common shareholders during the quarter[6](index=6&type=chunk) [CEO Commentary](index=1&type=section&id=CEO%20Commentary) CEO Tom Ferguson highlighted Q2 sales growth, strong Metal Coatings, weaker Precoat Metals, and balance sheet strengthening, affirming FY2026 guidance - Metal Coatings delivered strong, **double-digit sales gains** on volume increases, driven by infrastructure-driven project spending in construction, industrial, and electrical transmission and distribution end-markets[4](index=4&type=chunk) - Precoat Metals experienced weaker demand in building construction, HVAC, and appliance end-markets[4](index=4&type=chunk) - Strengthened balance sheet by introducing an Accounts Receivable securitization program, repricing Term Loan B (**75-basis point reduction**), and achieving modest debt paydown, maintaining a net debt leverage of **1.7x**[5](index=5&type=chunk) [Segment Performance](index=2&type=section&id=Segment%20Performance) [Metal Coatings Segment](index=2&type=section&id=Metal%20Coatings%20Segment) The Metal Coatings segment reported sales of $190.0 million, a 10.8% increase, driven by higher volumes from infrastructure-related project spending Metal Coatings Segment Performance (Q2 FY2026 vs Q2 FY2025) | Metric | Q2 FY2026 | Q2 FY2025 | Change YoY | | :------------------- | :---------- | :---------- | :--------- | | Sales | $190.0 million | $171.5 million | +10.8% | | Adjusted EBITDA | $58.5 million | $54.4 million | +7.5% | | Adjusted EBITDA Margin | 30.8% | 31.7% | -90 bps | - Sales increase driven by **increased volume** supported by infrastructure-related project spending in construction, industrial, and electrical transmission and distribution end markets[7](index=7&type=chunk) [Precoat Metals Segment](index=2&type=section&id=Precoat%20Metals%20Segment) The Precoat Metals segment's sales decreased by 4.3% to $227.3 million due to weaker demand in building construction, HVAC, and appliance end markets Precoat Metals Segment Performance (Q2 FY2026 vs Q2 FY2025) | Metric | Q2 FY2026 | Q2 FY2025 | Change YoY | | :------------------- | :---------- | :---------- | :--------- | | Sales | $227.3 million | $237.5 million | -4.3% | | Adjusted EBITDA | $45.9 million | $50.2 million | -8.4% | | Adjusted EBITDA Margin | 20.2% | 21.1% | -90 bps | - Sales decrease primarily due to **weaker end markets**, including building construction, HVAC, and appliance[8](index=8&type=chunk) [Financial Position and Capital Allocation](index=2&type=section&id=Balance%20Sheet%2C%20Liquidity%20and%20Capital%20Allocation) [Balance Sheet, Liquidity and Capital Allocation Summary](index=2&type=section&id=Balance%20Sheet%2C%20Liquidity%20and%20Capital%20Allocation%20Summary) For H1 FY2026, AZZ generated $373.2M in operating cash, reduced debt by $290.4M, and maintained a net leverage of 1.7x Key Financial Position and Capital Allocation Metrics (Six Months Ended Aug 31) | Metric | Six Months Ended Aug 31, 2025 | Six Months Ended Aug 31, 2024 | Change YoY | | :-------------------------------- | :---------------------------- | :---------------------------- | :--------- | | Operating Cash Flow | $373.2 million | $119.4 million | +212.5% | | Debt Paid Down | $290.4 million | N/A | N/A | | Cash Dividends to Shareholders | $11.1 million | N/A | N/A | | Capital Expenditures | $40.2 million | N/A | N/A | - Net leverage ratio was **1.7x** trailing twelve months Adjusted EBITDA at the end of Q2 FY2026[9](index=9&type=chunk) - Operating cash flow for the first six months includes a **$273.2 million distribution** from the AVAIL JV following the sale of its Electrical Products Group[9](index=9&type=chunk) - Full fiscal year capital expenditures are expected to be approximately **$60 - $80 million**[9](index=9&type=chunk) [Financial Outlook](index=2&type=section&id=Financial%20Outlook%20%E2%80%94%20Fiscal%20Year%202026%20Guidance%20Remains%20Unchanged) [FY2026 Guidance](index=2&type=section&id=FY2026%20Guidance) AZZ Inc. maintains its FY2026 guidance, anticipating sales between $1.625 billion and $1.725 billion, Adjusted EBITDA of $360 million to $400 million, and Adjusted Diluted EPS of $5.75 to $6.25 FY2026 Financial Guidance | Metric | FY2026 Guidance | | :---------------- | :-------------------- | | Sales | $1.625 - $1.725 billion | | Adjusted EBITDA | $360 - $400 million | | Adjusted Diluted EPS | $5.75 - $6.25 | - Guidance assumes an annualized effective tax rate of **24%** and excludes future acquisitions, future equity in earnings from AVAIL joint venture, and certain non-GAAP adjustments[10](index=10&type=chunk)[12](index=12&type=chunk) - Assumes EBITDA margin range of **27-32%** for the Metal Coatings segment and **17-22%** for the Precoat Metals segment[12](index=12&type=chunk) [Additional Information](index=2&type=section&id=Additional%20Information) [Conference Call Details](index=3&type=section&id=Conference%20Call%20Details) AZZ Inc. will host a live conference call on Thursday, October 9, 2025, at 11:00 A.M. ET to discuss Q2 FY2026 financial results - Live conference call on **Thursday, October 9, 2025, at 11:00 A.M. ET**[11](index=11&type=chunk) - Webcast of the call will be available on the Company's Investor Relations page at http://www.azz.com/investor-relations, with a replay available for **12 months**[11](index=11&type=chunk)[13](index=13&type=chunk) [About AZZ Inc.](index=3&type=section&id=About%20AZZ%20Inc.) AZZ Inc. is a leading independent provider of hot-dip galvanizing and coil coating solutions in North America, enhancing essential infrastructure and products - Leading independent provider of hot-dip galvanizing and coil coating solutions to a broad range of end-markets in North America[14](index=14&type=chunk) - Business segments provide sustainable, unmatched metal coating solutions that enhance the longevity and appearance of buildings, products, and infrastructure[14](index=14&type=chunk) [Safe Harbor Statement](index=3&type=section&id=Safe%20Harbor%20Statement) The report contains forward-looking statements subject to various risks, including changes in demand, cost increases, supply-chain delays, and economic volatility - Forward-looking statements are subject to risks such as changes in **customer demand** for manufactured solutions (construction, industrial, metal coatings markets)[15](index=15&type=chunk) - Risks include increases in **labor costs**, components and **raw materials** (zinc, natural gas, paint), **supply-chain vendor delays**, customer requested delays, and delays in additional acquisition opportunities[15](index=15&type=chunk) - Other risks include an increase in **debt leverage** and/or **interest rates**, availability of experienced management and employees, downturns in market conditions, **economic volatility**, tariffs, acts of war or terrorism[15](index=15&type=chunk) [Contact Information](index=3&type=section&id=Contact%20Information) Contact details are provided for AZZ Inc.'s Chief Marketing,