FORT WORTH, Texas, Nov. 26, 2024 /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, Senior Vice President of Marketing, Communications and Investor Relations will participate in the following December conferences. Noble Capital Markets' 20th Annual Emerging Growth Conference in Boca Raton, Florida. The Company will present on Tuesday, December 3, 2024, at 1:00 pm and hold one-on-one meeti ...

Core Viewpoint - AZZ has shown a strong stock performance recently, returning +5.9% over the past month, outperforming the S&P 500 composite's +1.1% and the Zacks Manufacturing - Electronics industry's +7.7% [1] Earnings Estimate Revisions - The consensus earnings estimate for AZZ for the current quarter is $1.26 per share, reflecting a year-over-year change of +5.9% [4] - The consensus earnings estimate for the current fiscal year is $5.11, indicating a year-over-year change of +12.8% [4] - For the next fiscal year, the consensus earnings estimate is $5.77, showing a change of +12.9% from the previous year [5] Revenue Growth Forecast - The consensus sales estimate for AZZ for the current quarter is $397.86 million, indicating a year-over-year change of +4.3% [8] - The sales estimates for the current and next fiscal years are $1.6 billion and $1.69 billion, respectively, reflecting changes of +4.3% and +5.6% [8] Last Reported Results and Surprise History - AZZ reported revenues of $409.01 million in the last quarter, a year-over-year change of +2.6% [9] - The EPS for the same period was $1.37, compared to $1.27 a year ago [9] - The company has consistently beaten consensus EPS estimates in the last four quarters and topped revenue estimates three times [10] Valuation - AZZ is graded A in the Zacks Value Style Score, indicating it is trading at a discount to its peers [14]

Core Insights - AZZ Inc. has published its 2024 Sustainability Report, highlighting its commitment to integrating environmental, social, and governance (ESG) principles in its operations [1][2] - The report showcases the company's progress towards its ESG goals and emphasizes its dedication to environmental stewardship and employee safety [2] Industry Recognition - AZZ has received accolades from Newsweek as one of "America's Most Responsible Companies 2024" and from Forbes as one of "America's Most Successful Small Companies in 2024," reflecting its leadership in corporate responsibility [2] Company Overview - AZZ Inc. is recognized as the leading independent provider of hot-dip galvanizing and coil coating solutions in North America, serving a wide range of end-markets [4]

FORT WORTH, Texas, Oct. 29, 2024 /PRNewswire/ -- AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions in North America, today announced their November investor conference schedule. Baird Global Industrials Conference in Chicago, Illinois. Tom Ferguson, Chief Executive Officer, Jason Crawford, Chief Financial Officer and David Nark, Senior Vice President of Marketing, Communications and Investor Relations will present and host one-on-one meetings on Wednesd ...

Core Viewpoint - AZZ Inc. has experienced significant stock price growth, with expectations for continued improvement driven by business performance, cash flow, debt reduction, and capital return strategies [1][2]. Financial Performance - In Q2, AZZ reported revenue of $409.01 million, reflecting a 2.6% increase, slightly surpassing consensus forecasts, with growth driven primarily by construction, transportation, and utilities sectors [3]. - The gross margin expanded by 90 basis points, and the operating margin increased by 120 basis points to 16.5%, contributing to a net margin gain of 230 basis points and a 28% increase in net income [4]. - GAAP EPS rose by 21.6% to $1.18, despite some dilution effects [4]. Business Operations - AZZ provides essential metal coatings services that extend the lifespan of metal components, thereby controlling replacement costs and minimizing downtime across various industries [2]. - Demand for AZZ's services is identified as the primary growth driver, with stable pricing observed during the quarter [3][4]. Debt and Equity Management - AZZ diluted its stock through share sales in Q2, using the proceeds to redeem preferred stock and reduce debt, resulting in improved equity by double digits [5]. - The company has accelerated its debt reduction target by 30%, enhancing the outlook for equity gains and the potential resumption of share repurchases [6]. Market Sentiment and Analyst Ratings - Analysts rate AZZ as a "Moderate Buy," with a projected upside of 23.9%, indicating that the stock is trading more than 15% below the lowest price target set by analysts [6][7]. - Institutional ownership exceeds 90%, with consistent buying activity noted over the past six quarters [6]. Stock Price Movement - Following the Q2 release, AZZ's stock price dipped but found support at the long-term 150-day EMA, suggesting a potential rebound and the possibility of reaching critical resistance levels [7].

Financial Data and Key Metrics Changes - Sales for Q2 2025 increased by 2.6% to $409 million compared to the prior year quarter [7] - EBITDA margin improved to 22.5% from 22.1% in the prior year, driven by revenue strength [14] - Net income for Q2 was $35.4 million, up from $28.3 million in the prior year [14] - Adjusted net income increased by 11% to $41.3 million compared to $37.2 million in the prior year [14] - Cash flow from operations for the first half was $119 million, slightly ahead of last year's $118.3 million [15] Business Line Data and Key Metrics Changes - Metal Coatings sales increased by 1% and Precoat Metal sales increased by 3.8% due to market share gains [7] - Metal Coatings delivered an EBITDA margin of 31.7%, exceeding the target range of 25% to 30% [8] - Precoat Metals achieved an EBITDA margin of 21.1%, supported by higher volume and improved operational performance [9] Market Data and Key Metrics Changes - Construction-related markets represented 57% of combined coating sales, driven by infrastructure projects [8] - Sales growth in the transportation category was muted, while consumer and industrial markets saw declines due to lower spending [18] Company Strategy and Development Direction - The company aims to drive revenue growth and improve profitability through operational efficiencies and strategic investments [9] - A new aluminum coil coating facility is under construction in Washington, Missouri, expected to be operational in early fiscal year 2026 [11] - The company is evaluating bolt-on acquisitions to enhance growth in each segment while focusing on debt reduction [10] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about public sector spending and potential capital spending increases due to Fed actions [8] - The second half of fiscal 2025 is expected to be lower than the first half due to seasonal slowdowns in construction activity [21] - Guidance for fiscal year sales remains unchanged at $1.525 billion to $1.625 billion, with narrowed EBITDA guidance [22] Other Important Information - The company paid down $20 million of debt in the quarter and expects total debt repayments to exceed $100 million for the full year [16] - Current trailing 12-month debt to adjusted EBITDA is 2.7x, improved from 3.4x in the prior year [17] Q&A Session All Questions and Answers Question: M&A opportunity set and appetite for acquisitions - Management is actively looking at acquisition opportunities in the galvanizing sector, particularly in regions where they lack a significant footprint [28] - No specific acquisitions are anticipated to close before the next quarterly call, but there are ongoing evaluations of customer conversions [29] Question: Impact of hurricanes on reconstruction efforts - Facilities in the Southeast and surrounding areas are prepared to support reconstruction efforts following hurricanes, with a typical lag of three to six months for ramp-up [38] Question: Volatility in zinc prices and its impact - Zinc costs are expected to decrease, but volatility in pricing may affect premiums; however, the company is well-positioned to manage these fluctuations [40] Question: JV income and guidance - The decrease in JV income was attributed to timing issues, with expectations for a rebound in Q3 [43] Question: Price cost impact during the quarter - Price fluctuations were primarily related to business mix rather than competitive pricing pressures, with expectations for a positive outlook in the second half [48] Question: Sustainability of margins - Current operating environment supports maintaining EBITDA margins above 30% for Metal Coatings and 20% for Precoat, with a focus on value and profitability [52] Question: Visibility on electrical T&D side - Strong demand is expected in the electrical T&D sector, particularly due to infrastructure damage from hurricanes [77]

Company Overview - AZZ Inc. specializes in protecting metal, particularly steel, from corrosion through a hot-dip galvanizing process that coats steel with zinc to prevent rust, thereby extending the lifespan of infrastructure such as bridges and buildings [1] - The company also offers coil coating services, which further enhance the durability of metal products [1] Research Principles - Grassroots Trading emphasizes providing objective, unbiased, and balanced research that is supported by solid data, free from emotional influences or preferences for specific companies [1] - The focus is primarily on small- to mid-cap companies, aiming to present compelling investment opportunities that are often overlooked by investors [1] - The research also includes periodic identification of potential opportunities in large- and mega-cap companies, broadening the coverage of the dynamic equity markets [1]

AZZ (AZZ) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.27 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 8.73%. A quarter ago, it was expected that this electrical equipment maker would post earnings of $1.31 per share when it actually produced earnings of $1.46, delivering a surprise of 11.45%. Over the last four quarters, the co ...

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 August 31, 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.R. ...

On October 9, 2024, AZZ Inc (AZZ, Financial) released its 8-K filing for the fiscal year 2025 second quarter, showcasing a robust financial performance. AZZ Inc, a leading provider of galvanizing and metal coating solutions in North America, reported a 2.6% increase in total sales, reaching $409.0 million, slightly below the analyst estimate of $411.80 million. However, the company's earnings per share (EPS) of $1.18 exceeded the estimated $1.12, reflecting a 21.6% increase from the previous year.Company Ov ...