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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 Inc. (NYSE:AZZ) Quarterly Earnings Preview
Financial Modeling Prep· 2025-10-01 09:00
Core Viewpoint - AZZ Inc. is preparing to release its quarterly earnings on October 8, 2025, with analysts forecasting an EPS of $1.56 and revenue of approximately $426.5 million [1][6] Financial Performance - The expected earnings per share (EPS) for the upcoming quarter is $1.56, with projected revenue around $426.5 million [1][6] - A conference call to discuss financial results is scheduled for October 9, 2025, at 11:00 a.m. ET, providing insights into the company's performance and future outlook [2] Valuation Metrics - AZZ has a price-to-earnings (P/E) ratio of 12.56, indicating how the market values its earnings [3][6] - The price-to-sales ratio stands at 2.06, reflecting investor sentiment towards its revenue generation capabilities [3][6] - The enterprise value to sales ratio is 2.44, and the enterprise value to operating cash flow ratio is 7.86, helping investors understand the company's valuation in relation to its sales and cash flow [4] Financial Stability - The company's debt-to-equity ratio is 0.49, suggesting a moderate level of debt compared to equity [5][6] - AZZ maintains a current ratio of 1.51, indicating its ability to meet short-term liabilities with its short-term assets [5][6] - The earnings yield is 7.96%, providing a perspective on the potential return on investment [4]
AZZ Inc. Announces the Acquisition of Canton Galvanizing, LLC
Prnewswire· 2025-07-01 10:30
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]