FORT WORTH, Texas, Nov. 18, 2024 /PRNewswire/ -- AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions in North America, today announced it has published its 2024 Sustainability Report. The report is available on AZZ's website and demonstrates the company's ongoing commitment to integrating environmental, social, and governance (ESG) principles across its operations while advancing its mission to protect critical infrastructure."For nearly seventy years, AZ ...

FORT WORTH, Texas, Oct. 29, 2024 /PRNewswire/ -- AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions in North America, today announced their November investor conference schedule. Baird Global Industrials Conference in Chicago, Illinois. Tom Ferguson, Chief Executive Officer, Jason Crawford, Chief Financial Officer and David Nark, Senior Vice President of Marketing, Communications and Investor Relations will present and host one-on-one meetings on Wednesd ...

Core Viewpoint - AZZ Inc. has experienced significant stock price growth, with expectations for continued improvement driven by business performance, cash flow, debt reduction, and capital return strategies [1][2]. Financial Performance - In Q2, AZZ reported revenue of $409.01 million, reflecting a 2.6% increase, slightly surpassing consensus forecasts, with growth driven primarily by construction, transportation, and utilities sectors [3]. - The gross margin expanded by 90 basis points, and the operating margin increased by 120 basis points to 16.5%, contributing to a net margin gain of 230 basis points and a 28% increase in net income [4]. - GAAP EPS rose by 21.6% to $1.18, despite some dilution effects [4]. Business Operations - AZZ provides essential metal coatings services that extend the lifespan of metal components, thereby controlling replacement costs and minimizing downtime across various industries [2]. - Demand for AZZ's services is identified as the primary growth driver, with stable pricing observed during the quarter [3][4]. Debt and Equity Management - AZZ diluted its stock through share sales in Q2, using the proceeds to redeem preferred stock and reduce debt, resulting in improved equity by double digits [5]. - The company has accelerated its debt reduction target by 30%, enhancing the outlook for equity gains and the potential resumption of share repurchases [6]. Market Sentiment and Analyst Ratings - Analysts rate AZZ as a "Moderate Buy," with a projected upside of 23.9%, indicating that the stock is trading more than 15% below the lowest price target set by analysts [6][7]. - Institutional ownership exceeds 90%, with consistent buying activity noted over the past six quarters [6]. Stock Price Movement - Following the Q2 release, AZZ's stock price dipped but found support at the long-term 150-day EMA, suggesting a potential rebound and the possibility of reaching critical resistance levels [7].

AZZ Inc. (NYSE:AZZ) Q2 2025 Earnings Conference Call October 10, 2024 11:00 AM ET Company Participants Sandy Martin - IR, Three Part Advisors Tom Ferguson - President and CEO Jason Crawford - CFO David Nark - SVP of Marketing, Communications and IR Officer Conference Call Participants Lucas Pipes - B. Riley Securities John Franzreb - Sidoti Matthew Krueger - Baird Timna Tanners - Wolfe Research Mark Reichman - Noble Capital Markets Adam Thalhimer - Thompson Davis Operator Good day, and welcome to the AZZ Se ...

Last year, I looked closely at AZZ Inc. (NYSE: AZZ ) , which protects metal, especially steel, from corrosion. They use a hot-dip galvanizing process, coating steel with zinc to prevent rust, helping extend the lifespan of bridges and buildings. They also provide coil coating, a processThe mission of Grassroots Trading rests on the following principles: providing objective, unbiased, and balanced research, backed by solid data and completely void of emotional influences or preference for companies; focusing ...

AZZ (AZZ) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.27 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 8.73%. A quarter ago, it was expected that this electrical equipment maker would post earnings of $1.31 per share when it actually produced earnings of $1.46, delivering a surprise of 11.45%. Over the last four quarters, the co ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 1-12777 AZZ Inc. (Exact name of registrant as specified in its charter) Texas 75-0948250 (State or other jurisdiction of incorporation or organization) (I.R. ...

On October 9, 2024, AZZ Inc (AZZ, Financial) released its 8-K filing for the fiscal year 2025 second quarter, showcasing a robust financial performance. AZZ Inc, a leading provider of galvanizing and metal coating solutions in North America, reported a 2.6% increase in total sales, reaching $409.0 million, slightly below the analyst estimate of $411.80 million. However, the company's earnings per share (EPS) of $1.18 exceeded the estimated $1.12, reflecting a 21.6% increase from the previous year.Company Ov ...

Sales and Margin Expansion Drives Quarterly Results; Narrowing and Raising Fiscal Year 2025 Financial Guidance FORT WORTH, Texas, Oct. 9, 2024 /PRNewswire/ --- AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions, today announced financial results for the second quarter ended August 31, 2024. Fiscal Year 2025 Second Quarter Overview (as compared to prior year(1)):Total Sales $409.0 million, up 2.6%Metal Coatings sales of $171.5 million, up 1.0%Precoat Meta ...

Financial Performance - Total sales for Q2 FY2025 reached $409.0 million, an increase of 2.6% compared to the prior year[1] - Net income for the quarter was $35.4 million, up 25.0%, with adjusted net income at $41.3 million, up 11.0%[1] - Adjusted EBITDA for Q2 was $91.9 million, representing 22.5% of sales, compared to 22.1% in the prior year[1] - Precoat Metals segment sales increased to $237.5 million, up 3.8%, with an adjusted EBITDA margin of 21.1%[6] - Adjusted EBITDA for the three months ended August 31, 2024, was $106,004 thousand, up 7.1% from $98,885 thousand in the prior year[18] - Net income for the three months ended August 31, 2024, was $35,419 thousand, translating to an adjusted earnings per share of $1.18, compared to $28,332 thousand and $0.97 in the same period last year[27] - Adjusted EBITDA for the six months ended August 31, 2024, was $185,956 thousand, an increase from $173,374 thousand in the prior year[28] - For the three months ended August 31, 2023, net income totaled $28,332, with the Infrastructure Solutions segment reporting a loss of $4,958[32] - Adjusted EBITDA for the three months ended August 31, 2023, was $87,972, compared to $51,647 in the prior year[32] - The total net income for the six months ended August 31, 2023, was $56,854, with a Corporate segment loss of $106,823[33] Segment Performance - Metal Coatings segment sales were $171.5 million, up 1.0%, with an adjusted EBITDA margin of 31.7%[5] Debt and Leverage - The company reduced debt by $20.0 million in the quarter, totaling $45 million year-to-date, resulting in a net leverage ratio of 2.7x[1] - Long-term debt decreased to $912,572 thousand as of August 31, 2024, from $952,742 thousand as of February 29, 2024[19] - The company reported gross debt of $965,250 as of August 31, 2024, down from $1,010,250 in the previous period[35] - Consolidated indebtedness was $956,485, a decrease from $988,917[35] - The net leverage ratio improved to 2.7x from 2.9x in the previous period[35] Cash Flow and Investments - Cash provided by operating activities for the six months ended August 31, 2024, was $119,430 thousand, slightly up from $118,341 thousand in the same period last year[21] - The company reported a net cash used in investing activities of $(58,740) thousand for the six months ended August 31, 2024, compared to $(42,706) thousand in the same period last year[21] Capital Expenditures - Capital expenditures for Q2 amounted to $32.1 million, including $19.4 million for a new facility in Washington, Missouri[3] Guidance and Dividends - Revised FY2025 guidance estimates sales between $1.525 billion and $1.625 billion, with adjusted EBITDA of $320 million to $360 million[9] - Adjusted diluted EPS guidance for FY2025 is projected to be between $4.70 and $5.10[9] - The company declared a cash dividend of $0.17 per share to common shareholders[1] Asset Growth - Current assets increased to $401,156 thousand as of August 31, 2024, from $366,999 thousand as of February 29, 2024[19] - Total assets grew to $2,240,330 thousand as of August 31, 2024, compared to $2,195,505 thousand as of February 29, 2024[19] Transparency and Reporting - The company is focused on enhancing transparency through non-GAAP measures such as adjusted net income and adjusted EBITDA to provide a clearer picture of financial performance[23] Depreciation and Interest - Depreciation and amortization expenses for the six months ended August 31, 2024, totaled $40,750[31] - Interest expense for the six months ended August 31, 2024, was $44,683, consistent with the previous period[31]