Group 1: Earnings Performance - AZZ reported quarterly earnings of $1.78 per share, exceeding the Zacks Consensus Estimate of $1.58 per share, and up from $1.46 per share a year ago, representing an earnings surprise of +12.66% [1] - Over the last four quarters, AZZ has surpassed consensus EPS estimates four times [2] - The company posted revenues of $421.96 million for the quarter ended May 2025, missing the Zacks Consensus Estimate by 3.64%, compared to year-ago revenues of $413.21 million [2] Group 2: Stock Performance and Outlook - AZZ shares have increased approximately 20.6% since the beginning of the year, outperforming the S&P 500's gain of 5.9% [3] - The future performance of AZZ's stock will depend on management's commentary during the earnings call and the company's earnings outlook [4][6] - The current consensus EPS estimate for the coming quarter is $1.58 on revenues of $435.43 million, and for the current fiscal year, it is $5.73 on revenues of $1.68 billion [7] Group 3: Industry Context - The Manufacturing - Electronics industry, to which AZZ belongs, is currently ranked in the top 22% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact AZZ's stock performance [5]

Financial Performance - Q1 Fiscal Year 2026 sales reached $422 million, a 2.1% increase compared to the previous year[3] - Adjusted EBITDA for Q1 Fiscal Year 2026 was $106.4 million, a significant 21.9% increase[3] - Adjusted Diluted EPS for Q1 Fiscal Year 2026 was $1.78, up 13.1%[3] - Reported Diluted EPS was $5.66, a substantial 510.1% increase[3] Segment Performance - Metal Coatings sales were $187.2 million, a 6.0% increase[1, 5] - Precoat Metals sales were $234.7 million, a slight decrease of 0.8%[1, 6] - Metal Coatings operating income was $61.5 million[5] - Precoat Metals operating income was $39.4 million[6] - Metal Coatings Adjusted EBITDA was $50.7 million[5] - Precoat Metals Adjusted EBITDA was $48.5 million[6] Balance Sheet and Guidance - Q1 cash provided by operating activities was $314.8 million, including a $273.2 million AVAIL distribution[1] - Debt reduction amounted to $285 million, resulting in a net leverage ratio of 1.7X[1] - The company updated its FY 2026 guidance with sales projected between $1.625 billion and $1.725 billion[1] - Adjusted EBITDA is expected to be in the range of $360 million to $400 million[1] - Adjusted Diluted EPS is projected to be between $5.75 and $6.25[1]

[Financial & Operational Highlights](index=1&type=section&id=Financial%20%26%20Operational%20Highlights) [Q1 FY2026 Performance Overview](index=1&type=section&id=Fiscal%20Year%202026%20First%20Quarter%20Overview) AZZ reported record results for the first quarter of fiscal year 2026, with total sales increasing 2.1% to $422.0 million, achieving significant growth in profitability with Adjusted EBITDA rising to $106.4 million and Adjusted EPS up 21.9% to $1.78, while a substantial cash infusion from the AVAIL JV asset sale enabled a $285.4 million debt reduction, lowering the net leverage ratio to 1.7x, and following these strong results, the company raised its full-year guidance and increased its quarterly dividend | Financial Metric | Q1 FY2026 | Change (YoY) | | :--- | :--- | :--- | | Total Sales | $422.0 million | +2.1% | | Net Income | $170.9 million | +331.6% | | Adjusted Net Income | $53.8 million | +22.3% | | GAAP Diluted EPS | $5.66 | +510.1% | | Adjusted Diluted EPS | $1.78 | +21.9% | | Adjusted EBITDA | $106.4 million | +13.1% | - The company received **$273.2 million** in cash from its minority interest in AVAIL following the sale of the Electrical Products Group, with these proceeds being a primary driver for the **$285.4 million** debt reduction during the quarter[5](index=5&type=chunk)[6](index=6&type=chunk) - The net leverage ratio was reduced to **1.7x** at the end of the quarter[5](index=5&type=chunk)[6](index=6&type=chunk) - Subsequent to the quarter, the company increased its quarterly cash dividend to common shareholders from **$0.17 to $0.20 per share**[5](index=5&type=chunk) [Segment Performance](index=2&type=section&id=Segment%20Performance) [Metal Coatings Segment](index=2&type=section&id=First%20Quarter%202026%20Metal%20Coatings) The Metal Coatings segment delivered strong growth, with sales increasing 6.0% to $187.2 million, driven by higher volumes from infrastructure-related projects, and profitability improved significantly, with Adjusted EBITDA margin expanding by 200 basis points to 32.9% due to increased volume and better zinc utilization | Metric | Q1 FY2026 | Q1 FY2025 | Change | | :--- | :--- | :--- | :--- | | Sales | $187.2M | $176.7M | +6.0% | | Adjusted EBITDA | $61.5M | $54.6M | +12.6% | | Adjusted EBITDA Margin | 32.9% | 30.9% | +200 bps | - Growth was primarily driven by increased volume supported by infrastructure spending in construction, industrial, and electrical transmission and distribution end markets[7](index=7&type=chunk) [Precoat Metals Segment](index=2&type=section&id=First%20Quarter%202026%20Precoat%20Metals) The Precoat Metals segment experienced a slight sales decline of 0.8% to $234.7 million, attributed to decreased volumes in the construction, HVAC, and appliance markets, but despite lower sales, the segment's EBITDA margin improved by 50 basis points to 20.7%, reflecting a favorable product mix and operational efficiencies | Metric | Q1 FY2026 | Q1 FY2025 | Change | | :--- | :--- | :--- | :--- | | Sales | $234.7M | $236.6M | -0.8% | | EBITDA | $48.5M | $47.7M | +1.7% | | EBITDA Margin | 20.7% | 20.2% | +50 bps | - The sales decrease was due to lower volumes in certain end markets, including construction, HVAC, and appliance[8](index=8&type=chunk) [Financial Condition & Capital Allocation](index=2&type=section&id=Balance%20Sheet%2C%20Liquidity%20and%20Capital%20Allocation) [Balance Sheet, Liquidity and Capital Allocation](index=2&type=section&id=Balance%20Sheet%2C%20Liquidity%20and%20Capital%20Allocation) The company significantly strengthened its balance sheet in Q1, generating $314.8 million in operating cash flow, which included a $273.2 million distribution from the AVAIL JV, enabling a debt paydown of $285.4 million, reducing net leverage to 1.7x, with capital allocation also including $5.1 million in dividends and $20.9 million in capital expenditures, and $53.2 million remaining under the current share repurchase authorization - Generated significant operating cash of **$314.8 million**, which included a **$273.2 million** distribution from the AVAIL JV[9](index=9&type=chunk) | Capital Allocation & Liquidity | Amount | | :--- | :--- | | Debt Paid Down | $285.4 million | | Dividends Paid | $5.1 million | | Capital Expenditures | $20.9 million | | Remaining Share Repurchase Authorization | $53.2 million | - Net leverage was **1.7x** trailing twelve months Adjusted EBITDA at the end of the quarter[9](index=9&type=chunk) [FY2026 Financial Outlook](index=2&type=section&id=Financial%20Outlook%20%E2%80%94%20Fiscal%20Year%202026%20Guidance) [Updated Guidance](index=2&type=section&id=Updated%20Guidance) Reflecting confidence from strong Q1 performance, AZZ has raised its full-year fiscal 2026 guidance, now projecting sales of $1.625 to $1.725 billion, Adjusted EBITDA of $360 to $400 million, and Adjusted Diluted EPS of $5.75 to $6.25, with this outlook assuming specific segment margin ranges and excluding any future M&A activity or earnings from the AVAIL joint venture | FY2026 Guidance | Range | | :--- | :--- | | Sales | $1.625 - $1.725 billion | | Adjusted EBITDA | $360 - $400 million | | Adjusted Diluted EPS | $5.75 - $6.25 | - Key guidance assumptions include: - Excludes future acquisitions and equity in earnings from the AVAIL JV - Assumes an annualized effective tax rate of **25%** - Metal Coatings segment Adjusted EBITDA margin range of **27-32%** - Precoat Metals segment Adjusted EBITDA margin range of **17-22%**[10](index=10&type=chunk)[12](index=12&type=chunk) [Financial Statements (Unaudited)](index=4&type=section&id=Financial%20Statements%20%28Unaudited%29) [Condensed Consolidated Statements of Income](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) For the first quarter ending May 31, 2025, sales grew to $422.0 million from $413.2 million year-over-year, and net income saw a dramatic increase to $170.9 million, compared to $39.6 million in the prior year, largely due to a $173.5 million contribution from 'Equity in earnings of unconsolidated subsidiaries', resulting in a diluted EPS of $5.66, a significant turnaround from a loss of ($1.38) per share in the same quarter last year | (in thousands, except per share) | Three Months Ended May 31, 2025 | Three Months Ended May 31, 2024 | | :--- | :--- | :--- | | Sales | $421,962 | $413,208 | | Operating income | $69,549 | $69,749 | | Equity in earnings of unconsolidated subsidiaries | $173,523 | $3,824 | | Net income | $170,908 | $39,602 | | Diluted earnings (loss) per common share | $5.66 | $(1.38) | [Segment Reporting](index=5&type=section&id=Segment%20Reporting) In Q1 FY2026, the Metal Coatings segment's sales rose to $187.2 million with an Adjusted EBITDA of $61.5 million, while the Precoat Metals segment's sales were slightly down at $234.7 million, but its Adjusted EBITDA increased to $48.5 million, leading to total Segment Adjusted EBITDA growing to $117.6 million from $106.1 million in the prior-year quarter | (in thousands) | Three Months Ended May 31, 2025 | Three Months Ended May 31, 2024 | | :--- | :--- | :--- | | **Sales:** | | | | Metal Coatings | $187,215 | $176,651 | | Precoat Metals | $234,747 | $236,557 | | **Total Sales** | **$421,962** | **$413,208** | | **Adjusted EBITDA:** | | | | Metal Coatings | $61,516 | $54,645 | | Precoat Metals | $48,477 | $47,687 | | **Total Segment Adjusted EBITDA** | **$117,610** | **$106,127** | [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of May 31, 2025, the company's balance sheet shows total assets of $2.16 billion, with a significant change from the previous fiscal year-end being the reduction of long-term debt to $569.8 million from $852.4 million, while shareholders' equity increased from $1.05 billion to $1.21 billion | (in thousands) | As of May 31, 2025 | As of February 28, 2025 | | :--- | :--- | :--- | | Total Assets | $2,159,185 | $2,227,101 | | Long-term debt, net | $569,807 | $852,365 | | Shareholders' Equity | $1,214,298 | $1,045,495 | | Total Liabilities and Shareholders' equity | $2,159,185 | $2,227,101 | [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the first three months of FY2026, net cash provided by operating activities was $314.8 million, a substantial increase from $71.9 million in the prior year, primarily due to a $273.2 million distribution from AVAIL, and net cash used in financing activities was $295.5 million, reflecting significant debt repayment | (in thousands) | Three Months Ended May 31, 2025 | Three Months Ended May 31, 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $314,782 | $71,944 | | Net cash used in investing activities | $(17,122) | $(27,379) | | Net cash used in financing activities | $(295,512) | $(38,542) | - Net cash from operating activities for the three months ended May 31, 2025, includes distributions from AVAIL of **$273.2 million**[25](index=25&type=chunk) [Non-GAAP Financial Measures & Reconciliations](index=7&type=section&id=Non-GAAP%20Financial%20Measures%20%26%20Reconciliations) [Reconciliation of Adjusted Net Income and EPS](index=8&type=section&id=Reconciliation%20of%20Adjusted%20Net%20Income%20and%20EPS) The company reconciles its GAAP Net Income of $170.9 million to a non-GAAP Adjusted Net Income of $53.8 million for Q1 FY2026, with the largest adjustment being the exclusion of a $165.8 million gain from the AVAIL JV distribution, and after accounting for this and other items like amortization and restructuring charges, the Adjusted Diluted EPS is calculated to be $1.78, compared to $1.46 in the prior-year quarter | (in thousands, except per share) | Three Months Ended May 31, 2025 | | :--- | :--- | | Net income available to common shareholders (GAAP) | $170,908 | | Total adjustments | $(117,101) | | **Adjusted net income (non-GAAP)** | **$53,807** | | Diluted earnings per share (GAAP) | $5.66 | | **Adjusted earnings per share (non-GAAP)** | **$1.78** | - Key adjustments to reconcile GAAP to non-GAAP net income include the exclusion of a **$165.8 million** gain from the AVAIL JV distribution, and additions for amortization (**$5.7 million**), restructuring charges (**$3.8 million**), and an executive incentive program expense (**$2.2 million**)[31](index=31&type=chunk)[36](index=36&type=chunk) [Reconciliation of Adjusted EBITDA](index=9&type=section&id=Reconciliation%20of%20Adjusted%20EBITDA) Adjusted EBITDA for Q1 FY2026 was $106.4 million, an increase from $94.1 million in the prior-year period, with the calculation starting with GAAP Net Income and adjusting for interest, taxes, D&A, and other specific items, most notably excluding the $165.8 million gain from the AVAIL JV distribution | (in thousands) | Three Months Ended May 31, 2025 | Three Months Ended May 31, 2024 | | :--- | :--- | :--- | | Net income | $170,908 | $39,602 | | Interest expense | $18,563 | $22,774 | | Income tax expense | $54,928 | $11,401 | | Depreciation and amortization | $21,827 | $20,323 | | AVAIL JV excess distribution | $(165,826) | — | | Other adjustments | $6,012 | — | | **Adjusted EBITDA (non-GAAP)** | **$106,412** | **$94,100** | [Debt Leverage Ratio Reconciliation](index=10&type=section&id=Debt%20Leverage%20Ratio%20Reconciliation) The company's net leverage ratio improved significantly, decreasing to 1.7x as of May 31, 2025, from 2.5x at the end of the prior fiscal year, achieved through a reduction in consolidated indebtedness to $607.1 million and an increase in the trailing twelve months Adjusted EBITDA (per Credit Agreement) to $367.3 million | (in thousands) | As of May 31, 2025 | As of Feb 28, 2025 | | :--- | :--- | :--- | | Consolidated indebtedness | $607,107 | $894,227 | | Adjusted EBITDA per Credit Agreement (TTM) | $367,314 | $358,058 | | **Net leverage ratio** | **1.7x** | **2.5x** |

Core Insights - AZZ Inc. reported record quarterly sales, adjusted EBITDA, and adjusted EPS for the first quarter of fiscal year 2026, leading to an increase in guidance for the fiscal year [1][4][9] Financial Performance - Total sales reached $422.0 million, a 2.1% increase compared to the prior year [4][11] - Adjusted diluted EPS was $1.78, reflecting a 21.9% increase year-over-year [4][11] - Consolidated adjusted EBITDA grew to $106.4 million, representing 25.2% of sales, up from $94.1 million or 22.8% of sales in the prior year [4][11] Segment Performance - Metal Coatings segment sales were $187.2 million, up 6.0% year-over-year, with an adjusted EBITDA margin of 32.9%, an increase of 200 basis points [6][11] - Precoat Metals segment sales were $234.7 million, down 0.8% from the previous year, with an adjusted EBITDA margin of 20.7%, an increase of 50 basis points [7][11] Cash Flow and Debt Management - The company generated $314.8 million in cash from operations, including $273.2 million from the sale of the Electrical Products Group [5][8] - Debt was reduced by $285.4 million, resulting in a net leverage ratio of 1.7x [5][11] Dividend and Share Repurchase - The quarterly cash dividend was increased from $0.17 to $0.20 per share [5][11] - The company has $53.2 million remaining under its $100 million share repurchase program [8] Financial Outlook - The fiscal year 2026 guidance reflects confidence in strategic execution and operational resilience, with an anticipated effective tax rate of 25% [9][11]

Part I. Financial Information [Financial Statements (Unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) Unaudited financial statements for Q1 FY2026 show significant net income and operating cash flow growth, primarily from a large AVAIL joint venture gain and debt reduction [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Balance sheets show total assets decreased to $2.16 billion due to the AVAIL JV write-off, with long-term debt significantly reduced and equity increased Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | May 31, 2025 | February 28, 2025 | | :--- | :--- | :--- | | **Total Assets** | **$2,159,185** | **$2,227,101** | | Cash and cash equivalents | $3,043 | $1,488 | | Investment in AVAIL joint venture | $— | $99,379 | | **Total Liabilities** | **$944,887** | **$1,181,606** | | Long-term debt, net | $569,807 | $852,365 | | **Total Shareholders' Equity** | **$1,214,298** | **$1,045,495** | [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Sales increased 2.1% to $422.0 million, with net income surging to $170.9 million primarily due to a $173.5 million AVAIL JV distribution gain, yielding $5.66 diluted EPS Statement of Operations Summary (in thousands, except per share data) | Metric | Q1 FY2026 (3 mo ended May 31, 2025) | Q1 FY2025 (3 mo ended May 31, 2024) | Change | | :--- | :--- | :--- | :--- | | Sales | $421,962 | $413,208 | +2.1% | | Operating Income | $69,549 | $69,749 | -0.3% | | Equity in earnings of unconsolidated subsidiaries | $173,523 | $3,824 | +4437% | | Net Income | $170,908 | $39,602 | +331.6% | | Diluted EPS | $5.66 | ($1.38) | N/A | [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Operating cash flow significantly increased to $314.8 million, driven by a $273.2 million AVAIL joint venture distribution, with $295.5 million used in financing for debt payments Cash Flow Summary (in thousands) | Cash Flow Category | Q1 FY2026 (3 mo ended May 31, 2025) | Q1 FY2025 (3 mo ended May 31, 2024) | | :--- | :--- | :--- | | Net cash provided by operating activities | $314,782 | $71,944 | | Net cash used in investing activities | ($17,122) | ($27,379) | | Net cash used in financing activities | ($295,512) | ($38,542) | | Net increase in cash and cash equivalents | $1,555 | $6,197 | - A cash distribution of **$273.2 million** from the investment in the AVAIL joint venture was a primary contributor to the increase in cash from operating activities[13](index=13&type=chunk) - The company made significant payments on long-term debt and finance leases totaling **$335.8 million** during the quarter[13](index=13&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail the company's three segments, the significant $165.8 million AVAIL JV gain, debt structure, and recent restructuring activities, including a new coil coating facility and a $3.8 million charge - The company operates in three segments: AZZ Metal Coatings (hot-dip galvanizing), AZZ Precoat Metals (coil coating), and AZZ Infrastructure Solutions (40% interest in AVAIL JV)[19](index=19&type=chunk) - In May 2025, the AVAIL JV sold its Electrical Products Group, with AZZ receiving a cash distribution of **$273.2 million**, which exceeded its investment basis, resulting in a recognized gain of **$165.8 million** recorded in 'equity in earnings'[46](index=46&type=chunk)[47](index=47&type=chunk) - During the quarter, the company initiated a restructuring of certain surface technologies facilities within the Metal Coatings segment, recognizing **$3.8 million** in charges, primarily for asset write-offs[98](index=98&type=chunk) - The new aluminum coil coating facility in Washington, Missouri became operational during the first quarter of fiscal 2026, with a total expected capital spend of **$121.8 million**[106](index=106&type=chunk) - Subsequent to the quarter end, on July 1, 2025, AZZ acquired a hot-dip galvanizing facility in Canton, Ohio for **$30.1 million**[108](index=108&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=26&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial results, highlighting the positive impact of the AVAIL JV distribution, segment performance, debt reduction, and non-GAAP measures with Adjusted EPS at $1.78 [Results of Operations](index=27&type=section&id=Results%20of%20Operations) Consolidated sales increased 2.1% to $422.0 million, with Metal Coatings sales up 6.0% and Precoat Metals down 0.8%, while operating income was flat and net income surged due to a $169.7 million AVAIL JV gain Segment Sales and Operating Income (in thousands) | Segment | Sales Q1 FY26 | Sales Q1 FY25 | % Change | Op. Income Q1 FY26 | Op. Income Q1 FY25 | % Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Metal Coatings | $187,215 | $176,651 | +6.0% | $50,732 | $47,932 | +5.8% | | Precoat Metals | $234,747 | $236,557 | -0.8% | $39,354 | $40,094 | -1.8% | - The increase in Metal Coatings operating income was driven by higher sales, partially offset by **$3.8 million** in restructuring charges[124](index=124&type=chunk) - Interest expense decreased by **$4.2 million** due to a lower average debt balance and a lower weighted average interest rate[127](index=127&type=chunk) [Liquidity and Capital Resources](index=31&type=section&id=Liquidity%20and%20Capital%20Resources) Total liquidity was $309.4 million, with operating cash flow of $314.8 million driven by the $273.2 million AVAIL JV distribution, primarily used to reduce Term Loan B, maintaining debt covenant compliance - Total liquidity as of May 31, 2025, was **$309.4 million**, consisting of **$3.0 million** in cash and **$306.3 million** in available credit[131](index=131&type=chunk) - The company used proceeds from the AVAIL JV distribution to pay down its Term Loan B[146](index=146&type=chunk) - The company has a remaining capital commitment of **$5.0 million** for its new aluminum coil coating facility in Washington, Missouri, expected to be paid by Q2 FY2026[144](index=144&type=chunk) [Non-GAAP Disclosures](index=35&type=section&id=Non-GAAP%20Disclosures) Non-GAAP measures, excluding one-time items, show Q1 FY2026 Adjusted Net Income at $53.8 million and Adjusted EPS at $1.78, with Adjusted EBITDA increasing to $106.4 million Non-GAAP Financial Reconciliation (in thousands, except per share data) | Metric | Q1 FY2026 (3 mo ended May 31, 2025) | Q1 FY2025 (3 mo ended May 31, 2024) | | :--- | :--- | :--- | | Net Income (GAAP) | $170,908 | $39,602 | | Adjustments (net) | ($117,101) | $79,601 | | **Adjusted Net Income (Non-GAAP)** | **$53,807** | **$44,005** | | Diluted EPS (GAAP) | $5.66 | ($1.38) | | **Adjusted EPS (Non-GAAP)** | **$1.78** | **$1.46** | Adjusted EBITDA Reconciliation (in thousands) | Metric | Q1 FY2026 (3 mo ended May 31, 2025) | Q1 FY2025 (3 mo ended May 31, 2024) | | :--- | :--- | :--- | | Net Income | $170,908 | $39,602 | | Interest, Taxes, D&A | $95,318 | $54,498 | | Other Adjustments | ($159,784) | $0 | | **Adjusted EBITDA (Non-GAAP)** | **$106,412** | **$94,100** | - The Net Leverage Ratio improved significantly to **1.7x** as of May 31, 2025, down from **2.5x** as of February 28, 2025, due to debt paydown and higher Adjusted EBITDA[161](index=161&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=39&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) No material changes to market risk disclosures were reported for the quarter ended May 31, 2025, compared to the prior Annual Report on Form 10-K - There were no material changes to market risk disclosures from the most recent Annual Report on Form 10-K[162](index=162&type=chunk) [Controls and Procedures](index=39&type=section&id=Item%204.%20Controls%20and%20Procedures) Disclosure controls and procedures were deemed effective by principal officers, with no material changes in internal control over financial reporting during the quarter - The company's disclosure controls and procedures were deemed effective by the CEO and CFO[163](index=163&type=chunk) - No material changes to internal controls over financial reporting occurred during the quarter[164](index=164&type=chunk) Part II. Other Information [Legal Proceedings](index=39&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in routine legal proceedings, which management does not expect to materially affect its financial position, results, or cash flows - AZZ is involved in routine legal proceedings but does not anticipate a material impact on its financial condition[166](index=166&type=chunk) [Risk Factors](index=39&type=section&id=Item%201A.%20Risk%20Factors) No material changes to risk factors were reported compared to the latest Annual Report on Form 10-K - No material changes to risk factors were reported compared to the latest Form 10-K[167](index=167&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=39&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No common stock was repurchased during the quarter, with $53.2 million remaining authorized for future share repurchases under the 2020 program - No common stock was repurchased during the quarter[169](index=169&type=chunk) - As of May 31, 2025, **$53.2 million** remains authorized for future share repurchases[169](index=169&type=chunk) [Other Information](index=40&type=section&id=Item%205.%20Other%20Information) No Rule 10b5-1 trading arrangements were adopted or terminated, and Kurt Russell, SVP and Chief Strategic Officer, announced his retirement effective October 1, 2025 - No directors or executive officers adopted or terminated a Rule 10b5-1 trading plan during the quarter[170](index=170&type=chunk) - Kurt Russell, SVP and Chief Strategic Officer, announced his retirement effective October 1, 2025[171](index=171&type=chunk)

Core Insights - The article discusses the author's academic and professional background in Machine Learning, Economics, and Finance, highlighting expertise in Data Science and Machine Learning applications within the banking and finance sectors [1]. Group 1: Academic Background - The author holds a PhD in Machine Learning with a focus on Economics and Finance [1]. - The author has academic affiliations with IESE Business School, ESADE Business School, and the Barcelona Supercomputing Center [1]. Group 2: Professional Experience - The author has worked at Deloitte Financial Advisory, specializing in Data Science and Machine Learning applications for clients in banking, insurance, and finance [1]. - The author currently teaches Asset Pricing and Introduction to Corporate Finance at ESADE Business School at the MSc/BSc level [1]. Group 3: Research Focus and Interests - Current research focuses on Generative AI in sustainable finance [1]. - The author's interests include machine learning and generative AI applications in finance and economics, with proficiency in Python, R, and SQL [1].

AZZ Inc. AZZ will release earnings results for the first quarter, after the closing bell on Wednesday, July 9.Analysts expect the Fort Worth, Texas-based company to report quarterly earnings at $1.60 per share, up from $1.46 per share in the year-ago period. AZZ projects to report quarterly revenue of $435.91 million, compared to $413.21 million a year earlier, according to data from Benzinga Pro.On July 1, AZZ announced that it has entered into an agreement to acquire all the assets of Canton Galvanizing, ...

Core Insights - AZZ Inc. has announced the acquisition of Canton Galvanizing, LLC, enhancing its hot-dip galvanizing capabilities in the Midwest [1][2] - The acquisition is expected to be accretive to earnings within the first year and will increase AZZ's galvanizing network to 42 sites across North America [1][2] Company Overview - AZZ Inc. is a leading independent provider of hot-dip galvanizing and coil coating solutions, serving a wide range of end-markets [4] - The company focuses on providing sustainable metal coating solutions that enhance the longevity and appearance of essential infrastructure and products [4] Canton Galvanizing Overview - Canton Galvanizing, founded in 2019, specializes in hot-dip galvanizing for small to mid-size parts and is known for its quick turnaround times and excellent customer service [3]

Core Viewpoint - AZZ Inc. has announced a 17.6% increase in its quarterly cash dividend, raising it from $0.17 to $0.20 per share, payable on July 31, 2025, to shareholders of record as of July 10, 2025 [1] Company Overview - AZZ Inc. is a leading independent provider of hot-dip galvanizing and coil coating solutions, serving a wide range of end-markets [3] - The company's business segments offer sustainable metal coating solutions that enhance the longevity and appearance of essential infrastructure and products [3] Dividend Policy - AZZ intends to pay regular quarterly cash dividends in the foreseeable future, with future dividends subject to review and declaration by the Board of Directors based on various factors [2]

Company Overview - AZZ Inc. is the leading independent provider of hot-dip galvanizing and coil coating solutions, serving a broad range of end-markets [3] - The company's business segments offer sustainable metal coating solutions that enhance the longevity and appearance of buildings, products, and infrastructure essential to everyday life [3] Financial Results Announcement - AZZ Inc. will conduct a conference call to review the financial results for the first quarter of fiscal year 2026 on July 10, 2025, at 11:00 a.m. ET [1] - A press release reporting the first quarter financial results will be issued after the market closes on July 9, 2025 [1] Conference Call Details - Interested parties can access the conference call by dialing (844) 855-9499 or (412) 317-5497 for international calls [2] - A webcast of the call will be available on the Company's Investor Relations page [2] - A replay of the call will be available until July 17, 2025, with specific access codes provided [2]