Core Viewpoint - AZZ Inc. has announced a third quarter cash dividend of $0.17 per share, payable on February 20, 2025, to shareholders of record as of January 30, 2025 [1] 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 buildings, products, and infrastructure essential to everyday life [3] Dividend Policy - AZZ intends to pay regular quarterly cash dividends for the foreseeable future, with future dividends subject to review and declaration by the Board of Directors at their discretion [2] - The company is committed to enhancing shareholder value based on various factors, including operating results, financial condition, and business outlook [2]

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AZZ Inc. (NYSE:AZZ) Q3 2025 Earnings Conference Call January 8, 2024 11:00 AM ET Company Participants Sandy Martin - Investor Relations, Three Part Advisors Tom Ferguson - President and Chief Executive Officer Jason Crawford - Chief Financial Officer David Nark - Senior Vice President, Marketing, Communications, and Investor Relations Officer Conference Call Participants Matthew Krueger - Baird John Franzreb - Sidoti & Company Mark Reichman - Noble Capital Markets Adam Thalhimer - Thompson Davis Daniel Rizz ...

Core Insights - AZZ Inc. reported third-quarter fiscal 2025 earnings of $1.39 per share, exceeding the Zacks Consensus Estimate of $1.29, with a year-over-year increase of 16.8% [1] - Total revenues reached $403.7 million, surpassing the consensus estimate of $400 million, and reflecting a 5.8% year-over-year growth driven by market share growth and improvements in end markets such as construction, HVAC, and transportation [1] Segmental Results - The company operates two reportable segments: Metal Coatings and Precoat Metals - Revenues from the Metal Coatings segment, which accounted for 41.8% of total revenues, were $168.6 million, a 3.3% increase year over year, slightly below the consensus estimate of $169 million [3] - Revenues from the Precoat Metals segment, representing 58.2% of total revenues, totaled $235.1 million, up 7.6% year over year, matching the consensus estimate of $235 million [3] Margin Profile - Cost of sales increased by 4.2% year over year to $305.9 million, while gross profit rose by 10.9% to $97.8 million - The adjusted gross margin improved to 24.2% from 23.1% in the previous year [4] - Selling, general, and administrative expenses increased by 11.1% year over year to $35.3 million, and adjusted EBITDA grew by 5% to $90.7 million [4] Balance Sheet and Cash Flow - At the end of the fiscal third quarter, AZZ had a cash balance of $1.5 million, down from $4.3 million at the end of fiscal 2024, with long-term debt at $879.5 million [5] - In the first nine months of fiscal 2025, the company generated net cash of $185.6 million from operating activities, compared to $180.9 million in the same period last year [5] - Capital expenditures for property, plant, and equipment were $85.9 million, reflecting a 28.5% year-over-year increase [5]

AZZ (AZZ) came out with quarterly earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.29 per share. This compares to earnings of $1.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.75%. A quarter ago, it was expected that this electrical equipment maker would post earnings of $1.26 per share when it actually produced earnings of $1.37, delivering a surprise of 8.73%.Over the last four quarters, the comp ...

Financial Performance - Total sales reached $403.7 million, an increase of 5.8% compared to the prior year[5] - Adjusted net income was $41.9 million, up 20.5%, with adjusted diluted EPS of $1.39, reflecting a 16.8% increase[5] - Consolidated adjusted EBITDA grew to $90.7 million, representing 22.5% of sales, compared to $86.4 million or 22.6% of sales in the prior year[5] - Segment adjusted EBITDA margin for Metal Coatings was 31.5%, while Precoat Metals improved to 19.1%[5] - Adjusted net income for the three months ended November 30, 2024, was $41,904, or $1.39 per diluted share, compared to $34,773, or $1.19 per diluted share in 2023, marking a 17.0% increase in earnings per share[28] - Adjusted EBITDA for the three months ended November 30, 2024, was $90,722, compared to $86,382 in 2023, indicating a growth of 5.4%[29] - The company reported a net income of $33,603 for the three months ended November 30, 2024, compared to $26,890 in 2023, representing a 25.1% increase[28] - Adjusted EBITDA for the same period was $259,756, with the Metal segment contributing $152,500 and the Coatings segment $129,856[34] Sales and Revenue - Metal Coatings sales increased by 3.3% to $168.6 million, while Precoat Metals sales rose by 7.6% to $235.1 million[5] - The revised fiscal year 2025 guidance estimates sales between $1.550 billion and $1.600 billion, with adjusted EBITDA projected at $340 million to $360 million[10] Debt and Leverage - The company reduced debt by $80 million year-to-date, achieving a net leverage ratio of 2.6x[4] - Long-term debt decreased to $879,548 from $952,742, a reduction of 7.7%[20] - The net leverage ratio improved to 2.6x for the trailing twelve months ended November 30, 2024, down from 3.4x[35] - Gross debt decreased to $930,250 as of November 30, 2024, from $1,010,250 in February 2024[35] Cash Flow and Liquidity - Cash from operations for the first nine months of fiscal year 2025 was $185.6 million, supporting debt reduction and dividend payments[8] - Cash and cash equivalents at the end of the period were $1,484, down from $7,509, reflecting a decrease of 80.3%[22] - Cash per bank statement was $10,233, indicating liquidity position amidst the overall debt[35] - The effect of exchange rate changes on cash resulted in a positive impact of $550 for the nine months ended November 30, 2024, compared to $58 in 2023[22] Capital Expenditures - Capital expenditures for the third quarter totaled $26.4 million, including $11.2 million for a new facility in Washington, Missouri[4] Dividends - The company declared a cash dividend of $0.17 per share to common shareholders[5] Assets and Liabilities - Total assets increased to $2,244,550, up from $2,195,505, representing a growth of 2.2%[20] - Current liabilities rose to $222,292 from $194,306, an increase of 14.4%[20] - Depreciation and amortization expenses totaled $59,034 for the nine months ended November 30, 2023[34] - Interest expense for the nine months was $82,331, contributing to the overall financial burden[34] - Legal settlements and accruals amounted to $10,250 for the nine months ended November 30, 2023, impacting overall financial performance[34]

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 November 30, 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. ...

Strong Sales Growth Drives Quarterly Results; Narrowing and Raising Fiscal Year 2025 Financial GuidanceFORT WORTH, Texas, Jan. 7, 2025 /PRNewswire/ -- AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions, today announced financial results for the third quarter ended November 30, 2024. Fiscal Year 2025 Third Quarter Financial Results Overview (as compared to prior fiscal year third quarter(1)): Total Sales of $403.7 million, up 5.8% Metal Coatings sales of ...

FORT WORTH, Texas, Dec. 23, 2024 /PRNewswire/ -- AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions, today announced it will conduct a conference call to review the financial results for the third quarter fiscal year 2025 at 11:00 a.m. ET on Thursday, January 9, 2025. The Company will issue a press release reporting third quarter financial results after the market closes on January 8, 2025. Conference Call DetailsInterested parties can access the confere ...

In the latest trading session, AZZ (AZZ) closed at $94.49, marking a +0.79% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.38%. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq added 1.24%.Shares of the electrical equipment maker have appreciated by 13.05% over the course of the past month, outperforming the Industrial Products sector's loss of 6.66% and the S&P 500's gain of 1.17%.Market participants will be closely following the financial results of AZZ in its upcom ...