Core Viewpoint - AZZ Inc. has announced a new stock repurchase program, allowing for the acquisition of up to $100 million of its outstanding common stock, aimed at offsetting the dilutive effects of employee equity grants [1][2]. Group 1: Stock Repurchase Program Details - The 2026 Share Repurchase Program is in addition to a prior $100 million repurchase authorization from November 2020, and both programs are substantially similar [2]. - As of November 30, 2025, there were approximately 30.0 million shares of AZZ common stock outstanding, with about $33.2 million remaining for repurchases under the previous program [2]. Group 2: Execution and Compliance - Repurchases will be conducted through open market purchases, private transactions, or other methods compliant with federal securities laws, including Rule 10b-18 and Rule 10b5-1 trading plans [3]. - The timing and amount of shares repurchased will depend on various future factors, including market conditions and the company's stock price [4]. Group 3: Management Commentary - The CEO of AZZ expressed confidence in the company's strong financial performance and views the current market conditions as favorable for share repurchases, emphasizing a commitment to enhancing shareholder value [4]. Group 4: Company Overview - AZZ Inc. is recognized as a leading independent provider of hot-dip galvanizing and coil coating solutions, serving a wide range of end-markets and focusing on sustainable metal coating solutions [5].

Company Overview - AZZ Inc. is the leading independent provider of hot-dip galvanizing and coil coating solutions in North America, 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 essential infrastructure and products [3] Upcoming Conferences - AZZ Inc. will participate in the Noble Capital Markets' Emerging Growth Virtual Equity Conference on February 4-5, 2026, with virtual one-on-one meetings scheduled [6] - The company will also attend Barclay's 43rd Annual Industrial Select Conference from February 17-19, 2026, in Miami, Florida, holding one-on-one meetings on February 17, 2026 [6] Management Contacts - Investors interested in meeting with company management can contact Giorgia Pigato, Erin Bruno, or Phillip Kupper from Three Part Advisors [2]

Financial Data and Key Metrics Changes - The company achieved record sales of $426 million in the third quarter, a 5.5% increase from $403.7 million in the prior year period [7][13] - Adjusted EBITDA reached a record high of $358 million over the trailing 12 months, with third quarter adjusted EBITDA reported at $91.2 million, or 21.4% of sales [7][18] - Net income for the third quarter was $41.1 million, compared to $33.6 million for the same quarter of the prior year, while adjusted net income was $46 million, reflecting a 9.4% increase year-over-year [17][18] Business Line Data and Key Metrics Changes - Metal Coatings segment sales increased by 15.7% year-over-year, driven by higher volumes and strong demand from infrastructure projects, with segment EBITDA margins at 30.3% [9][13] - Precoat Metals experienced a sequential improvement but saw a 1.8% decline in sales year-over-year due to softness in construction, HVAC, and transportation markets [9][13] - Demand for food and beverage containers reached new record highs, driven by new customer acquisitions and market share gains, particularly in the shift from plastics to aluminum [9][10] Market Data and Key Metrics Changes - The increase in end market demand was attributed to growth in infrastructure modernization, energy transition, and industrial reshoring, along with data center construction and renewable energy projects [10] - Non-residential construction remained subdued, primarily due to interest rate and tariff-related uncertainties, while residential construction also showed weakness [22][66] - The metal roofing market is gradually taking share from asphalt roofing, with metal roofing now representing about 5% of new construction and 14% of the replacement market [59] Company Strategy and Development Direction - The company is focused on strategic growth opportunities, including evaluating several tuck-in acquisitions to expand market reach in metal coatings and Precoat Metals [25][26] - The proprietary ERP platform is emphasized as a core differentiator, enhancing operational efficiencies and customer connectivity [10] - The company plans to release fiscal 2027 guidance soon, indicating a positive outlook for the upcoming year [25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the Metal Coatings segment finishing strong for the fiscal year, with good opportunities in data centers and solar projects [30][35] - The company believes the markets have stabilized and is seeing opportunities to gain market share despite challenges in the Precoat segment [33][34] - Weather-related impacts from the previous year are expected to be less severe, providing a favorable comparison for the fourth quarter [23] Other Important Information - The company maintained a cash dividend of $0.20 per share, marking 63 consecutive quarters of returning capital to shareholders [8] - The net debt position at the end of the quarter was $534.7 million, with a net leverage ratio of 1.6x, within the target range [19] Q&A Session Summary Question: Impact of government shutdown on order backlogs - Management indicated that the Metal Coatings segment does not typically have much backlog but has a positive outlook based on customer feedback, while Precoat is facing challenges but is benefiting from data center projects [29][30] Question: Outlook for Precoat segment and market conditions - Management believes the market has bottomed and is stabilizing, with opportunities arising from the ramp-up of the Washington plant and the shift from plastics to aluminum [33][34] Question: M&A opportunities and focus areas - The M&A pipeline is active, focusing on bolt-on acquisitions that align with the company's growth strategy, with expectations for future wins [38][40] Question: Sensitivity to aluminum prices - Management does not anticipate significant sensitivity to aluminum prices, as the shift to aluminum in the container market is driven by consumer preferences [41][42] Question: Weather impact on fourth quarter performance - Management noted that last year's severe weather resulted in lost production days, and current weather conditions are expected to be more favorable [47] Question: Pricing impact in the Metal Coatings segment - Management discussed the competitive nature of larger projects affecting margins but emphasized disciplined pricing strategies [53][54] Question: Regional prevalence of metal roofing - Management confirmed that metal roofing is more prevalent in southern regions, particularly Florida, Texas, and California [63] Question: Lag time for demand recovery in non-residential construction - Management indicated a typical six- to nine-month lag for demand recovery following easing credit conditions [66][67]

Core Viewpoint - AZZ Inc. has announced a cash dividend of $0.20 per share for the third quarter, payable on February 26, 2026, to shareholders of record as of February 5, 2026 [1] Group 1: Dividend Announcement - The Board of Directors has authorized a cash dividend of $0.20 per share on the outstanding shares of common stock [1] - The dividend payment date is set for February 26, 2026, with a record date of February 5, 2026 [1] Group 2: Future Dividend Intentions - AZZ intends to pay regular quarterly cash dividends in the foreseeable future, subject to review and discretion by the Board of Directors [2] - The company is committed to enhancing shareholder value based on various factors, including operating results and financial condition [2] Group 3: Company Overview - AZZ Inc. is a 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 essential infrastructure and products [3]

Core Insights - AZZ Inc. reported a third-quarter sales increase to $425.7 million, reflecting a 5.5% growth year-over-year, driven by strong performance in the Metal Coatings segment and operational execution [4][6] - Adjusted EBITDA for the quarter was $91.2 million, representing 21.4% of sales, with adjusted diluted EPS rising to $1.52, a 9.4% increase from the previous year [4][6] - The company narrowed its fiscal year 2026 guidance, projecting sales between $1.625 billion and $1.7 billion, with adjusted EBITDA expected to be between $360 million and $380 million [11][12] Financial Performance - Sales for the Metal Coatings segment reached $195.0 million, up 15.7% due to increased volume from infrastructure-related projects, while Precoat Metals saw a decline in sales to $230.7 million, down 1.8% due to weaker demand in certain markets [6][8] - Net income for the quarter was $41.1 million, a 22.2% increase, with adjusted net income rising to $46.0 million, up 9.7% [6][19] - Cash generated from operations was $79.7 million, a 20% increase from the previous year, contributing to a net debt leverage ratio of 1.6x after a $35 million debt reduction [5][9] Segment Analysis - The Metal Coatings segment's adjusted EBITDA margin was 30.3%, while Precoat Metals achieved a margin of 19.7%, reflecting a 60 basis point increase year-over-year [6][8] - The overall adjusted EBITDA for the company was $91.2 million, slightly up from $90.7 million in the prior year, indicating stable operational efficiency despite market challenges [6][7] Balance Sheet and Capital Allocation - The company reduced its debt by $35 million during the quarter and repurchased $20 million worth of common stock, demonstrating a commitment to strengthening its balance sheet [5][9] - For the first nine months of fiscal year 2026, AZZ generated $452.9 million in operating cash, supported by improved earnings and a focus on working capital management [9][19] Guidance and Outlook - The company has provided narrowed guidance for fiscal year 2026, anticipating an effective tax rate of 24% and excluding any future acquisitions or changes in federal regulations [11][12] - The expected adjusted diluted EPS for the fiscal year is projected to be between $5.90 and $6.20, reflecting confidence in continued operational momentum [12][11]

Core Viewpoint - AZZ Inc. will hold a conference call to discuss its financial results for the third quarter of fiscal year 2026 on January 8, 2026, following the release of its financial results on January 7, 2026 [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 buildings, products, and infrastructure [3] Conference Call Details - The conference call can be accessed by dialing (844) 855-9499 or (412) 317-5497 for international participants [2] - A webcast will be available on the company's Investor Relations page, and a replay will be accessible until January 15, 2026 [2]

Core Insights - AZZ Inc. is the leading independent provider of hot-dip galvanizing and coil coating solutions in North America, focusing on enhancing the longevity and appearance of essential infrastructure and products [3]. Company Overview - AZZ Inc. provides sustainable metal coating solutions across various end-markets, emphasizing the importance of their services in everyday life [3]. - The company has scheduled several investor conferences, including participation in The Baird Global Industrials Conference and the NYSE Industrials Day Conference [6]. Financial Information - AZZ Inc. has announced its fiscal year 2026 second quarter results, indicating ongoing financial performance updates [8]. - The company also declared a cash dividend for the fiscal year 2026, reflecting its commitment to returning value to shareholders [9].

Core Viewpoint - AZZ Inc. has announced a cash dividend of $0.20 per share for the second quarter, payable on November 6, 2025, to shareholders of record by October 16, 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 buildings, products, and infrastructure [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 essential infrastructure and products [3] Financial Results Announcement - AZZ Inc. will conduct a conference call to review its financial results for the second quarter of fiscal year 2026 on October 9, 2025, at 11:00 a.m. ET [1] - A press release detailing the second quarter financial results will be issued after market close on October 8, 2025 [1] Conference Call Access - 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 accessible until October 16, 2025, using the provided access codes [2]

Core Insights - AZZ Inc. will host an Analyst Day on August 14, 2025, featuring presentations from its executive leadership and a tour of a new coil coating facility [1] - The event is limited to sell-side analysts and will be webcast to the entire investment community [1] - AZZ Inc. is a leading independent provider of hot-dip galvanizing and coil coating solutions, serving a broad range of end-markets [3] Event Details - The management presentation is scheduled for 9:00 a.m. ET on August 14, 2025 [1] - Interested parties can register for the webcast on the Company's Investor Relations page [2] - A replay of the call and presentation materials will be available on the Company's website [2] Company Overview - AZZ Inc. provides sustainable metal coating solutions that enhance the longevity and appearance of buildings, products, and infrastructure [3] - The company operates in various markets, including construction, industrial, and metal coatings [3]