AZZ (AZZ) FY Conference May 06, 2025 10:30 AM ET Speaker0 Morning, everyone. Thank you for joining us today, at the Oppenheimer conference. With us today from AZZ is David Nark, who's the chief marketing and communications and IR officer for the company. And just to give you a little background, AZZ is the leading independent galvanizing firm in The US. But with its recent acquisition, not so recent, couple about a year ago, they acquired Precoat Metals, and they're a leading player in now in the in the met ...

FORT WORTH, Texas, May 1, 2025 /PRNewswire/ -- AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions in North America, today announced that David Nark, Chief Marketing, Communications, and Investor Relations Officer will participate in the Oppenheimer 20th Annual Industrial Conference.The Oppenheimer Industrial Growth Conference, presented in a 'virtual-only' format, will be held on May 5-8, 2025. AZZ will present at 10:30am Eastern on Tuesday, May 6, 2025, ...

Core Viewpoint - AZZ Inc. has resumed its stock repurchase program, utilizing a $100 million Share Repurchase Program and a 10b5-1 plan to facilitate share buybacks while ensuring compliance with insider trading laws [1][2][3]. Group 1: Stock Repurchase Program - The company has purchased approximately $46.8 million worth of shares to date, leaving a remaining balance of $53.2 million available for future repurchases under the program [1]. - The 10b5-1 plan allows AZZ to repurchase shares during periods when it might otherwise be restricted, thus supporting its disciplined capital allocation strategy [2][3]. - A third-party broker will execute the repurchases under the 10b5-1 plan, adhering to predetermined parameters regarding timing, price, and volume [3]. Group 2: Management's Commitment - The President and CEO of AZZ Inc. emphasized the company's commitment to returning value to shareholders while maintaining flexibility and compliance with regulatory requirements [3]. - The resumption of stock purchases is seen as a strategic move to opportunistically repurchase shares while still funding growth initiatives and deploying capital to enhance shareholder value [3]. Group 3: Company Overview - AZZ Inc. is recognized as a leading independent provider of hot-dip galvanizing and coil coating solutions, serving a broad range of end-markets [5]. - The company's business segments offer sustainable metal coating solutions that improve the longevity and appearance of essential infrastructure and products [5].

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Financial Data and Key Metrics Changes - For fiscal year 2025, the company reported sales of $1.578 billion, an increase of 2.6% from the prior year [21] - Net income before preferred stock dividend was $128.8 million, a 26.8% increase compared to the prior year [22] - Gross margins for the year improved to 24.3%, an increase of 70 basis points from the previous year [22] - In the fourth quarter, sales were $351.9 million, down 4% from the same quarter in fiscal year 2024 [23] - Adjusted net income for Q4 was $29.6 million, a 7.9% increase from the prior year [27] Business Line Data and Key Metrics Changes - Metal coatings generated sales of $665 million, while pre-coat metals generated $912 million for fiscal year 2025 [11] - Metal coatings delivered an EBITDA margin of 30.9%, while pre-coat metals had an EBITDA margin of 19.6%, both showing strength from increased volume and improved operational performance [13][14] - The galvanizing segment within metal coatings increased by 2.6% [21] Market Data and Key Metrics Changes - The construction sector, particularly bridge and highway construction, drove significant sales growth due to infrastructure investments [12] - The company experienced over 200 days of lost production in Q4 due to adverse weather conditions, impacting construction activity [12][13] - Organic top-line growth for the full year was 2.6% over the prior year [37] Company Strategy and Development Direction - The company plans to focus on debt reduction while also prioritizing capital allocation strategies, including paying dividends and investing in enterprise-wide technologies [16] - The strategy includes pursuing both organic market share growth and inorganic acquisition growth [19] - The company is evaluating M&A opportunities in the U.S. market, focusing on synergistic targets that enhance long-term shareholder value [17][18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about a strong start in Q1 2026, particularly in metal coatings, recovering from the previous quarter's weather impacts [48][49] - The company anticipates continued infrastructure spending related to the AIIJA program and expects public and private investment to remain resilient [37] - Management reiterated guidance for fiscal year 2026, projecting sales between $1.625 billion and $1.725 billion, with adjusted EBITDA of $360 to $400 million [41] Other Important Information - The company generated cash flows from operations of $249.9 million in fiscal year 2025, allowing for significant debt repayment and funding of a new facility [28] - The company announced a definitive agreement to sell its Electric Products Group for approximately $975 million, expected to close in the first half of calendar year 2025 [32][33] - The new aluminum coil coating facility in Washington, Missouri, has started commercial production and is expected to ramp up volumes throughout the fiscal year [29][30] Q&A Session Summary Question: What is the outlook for recovery from bad winter weather? - Management indicated that April showed recovery from Q4 shortfalls, with strong performance expected in metal coatings [48] Question: What is included in the guidance for the Avail joint venture? - Guidance reflects minimal impact from the Avail JV, with a nominal level of income expected post-sale [55] Question: How is the order book momentum affected by the macroeconomic environment? - Management reported positive short-term outlooks, with projects moving forward and customer confirmations [60] Question: What are the debt reduction goals following the JV transaction? - Management confirmed that reducing debt by approximately $300 million is realistic, with plans to utilize proceeds from the JV sale for this purpose [70][76] Question: What is the expected impact of weather on Q4 results? - Management estimated lost revenue of $8 to $12 million due to weather, most of which has been recovered in subsequent months [88] Question: Are there any materials impacted by tariffs? - Management confirmed that while some secondary supply items have been impacted, key inputs like zinc and paint remain unaffected [125][128] Question: What is the potential for acquisitions moving forward? - The acquisition pipeline looks strong, with several active deals being evaluated, particularly in galvanizing and pre-coat segments [101]

AZZ (AZZ) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.93 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.16%. A quarter ago, it was expected that this electrical equipment maker would post earnings of $1.29 per share when it actually produced earnings of $1.39, delivering a surprise of 7.75%.Over the last four quarters, the comp ...

AZZ Inc. Reports Fourth Quarter and Fiscal Year 2025 "With sales of $1.58 billion and cash flow from operations of $250 million, we were able to substantially complete our greenfield project in Washington, Missouri while significantly paying down debt in fiscal 2025. We successfully completed a secondary public offering of common stock, and fully redeemed the Company's Series A Preferred Stock. We are pleased with the financial condition of the Company and plan to further strengthen our 1 Full Year Results ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 28, 2025 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.S. Emp ...

Achieved Record Full-Year Sales and Profitability, Adjusted EPS of $5.20 and GAAP EPS of $1.79FORT WORTH, Texas, April 21, 2025 /PRNewswire/ -- AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions, today issued its audited consolidated financial statements contained in the Company's Fiscal Year 2025 Annual Report on Form 10-K for the year ended February 28, 2025. Fiscal Year 2025 Overview (as compared to prior fiscal year 2024(1)): Total Sales $1,577.7 mil ...

FORT WORTH, Texas, April 10, 2025 /PRNewswire/ -- AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions, today announced its Board of Directors has authorized a fourth quarter cash dividend in the amount of $0.17 per share on the Company's outstanding shares of common stock. The dividend is payable on May 15, 2025, to shareholders of record as of the close of business on April 24, 2025.While AZZ currently intends to pay regular quarterly cash dividends for ...