Metal Coating and Precoat Metals

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AZZ(AZZ) - 2026 Q1 - Earnings Call Presentation
2025-07-09 22:15
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]