AZZ Inc. (NYSE:AZZ) Q2 2025 Earnings Conference Call October 10, 2024 11:00 AM ET Company Participants Sandy Martin - IR, Three Part Advisors Tom Ferguson - President and CEO Jason Crawford - CFO David Nark - SVP of Marketing, Communications and IR Officer Conference Call Participants Lucas Pipes - B. Riley Securities John Franzreb - Sidoti Matthew Krueger - Baird Timna Tanners - Wolfe Research Mark Reichman - Noble Capital Markets Adam Thalhimer - Thompson Davis Operator Good day, and welcome to the AZZ Se ...

Last year, I looked closely at AZZ Inc. (NYSE: AZZ ) , which protects metal, especially steel, from corrosion. They use a hot-dip galvanizing process, coating steel with zinc to prevent rust, helping extend the lifespan of bridges and buildings. They also provide coil coating, a processThe mission of Grassroots Trading rests on the following principles: providing objective, unbiased, and balanced research, backed by solid data and completely void of emotional influences or preference for companies; focusing ...

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 ...

Sales and Margin Expansion Drives Quarterly Results; Narrowing and Raising Fiscal Year 2025 Financial Guidance FORT WORTH, Texas, Oct. 9, 2024 /PRNewswire/ --- AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions, today announced financial results for the second quarter ended August 31, 2024. Fiscal Year 2025 Second Quarter Overview (as compared to prior year(1)):Total Sales $409.0 million, up 2.6%Metal Coatings sales of $171.5 million, up 1.0%Precoat Meta ...

Financial Performance - Total sales for Q2 FY2025 reached $409.0 million, an increase of 2.6% compared to the prior year[1] - Net income for the quarter was $35.4 million, up 25.0%, with adjusted net income at $41.3 million, up 11.0%[1] - Adjusted EBITDA for Q2 was $91.9 million, representing 22.5% of sales, compared to 22.1% in the prior year[1] - Precoat Metals segment sales increased to $237.5 million, up 3.8%, with an adjusted EBITDA margin of 21.1%[6] - Adjusted EBITDA for the three months ended August 31, 2024, was $106,004 thousand, up 7.1% from $98,885 thousand in the prior year[18] - Net income for the three months ended August 31, 2024, was $35,419 thousand, translating to an adjusted earnings per share of $1.18, compared to $28,332 thousand and $0.97 in the same period last year[27] - Adjusted EBITDA for the six months ended August 31, 2024, was $185,956 thousand, an increase from $173,374 thousand in the prior year[28] - For the three months ended August 31, 2023, net income totaled $28,332, with the Infrastructure Solutions segment reporting a loss of $4,958[32] - Adjusted EBITDA for the three months ended August 31, 2023, was $87,972, compared to $51,647 in the prior year[32] - The total net income for the six months ended August 31, 2023, was $56,854, with a Corporate segment loss of $106,823[33] Segment Performance - Metal Coatings segment sales were $171.5 million, up 1.0%, with an adjusted EBITDA margin of 31.7%[5] Debt and Leverage - The company reduced debt by $20.0 million in the quarter, totaling $45 million year-to-date, resulting in a net leverage ratio of 2.7x[1] - Long-term debt decreased to $912,572 thousand as of August 31, 2024, from $952,742 thousand as of February 29, 2024[19] - The company reported gross debt of $965,250 as of August 31, 2024, down from $1,010,250 in the previous period[35] - Consolidated indebtedness was $956,485, a decrease from $988,917[35] - The net leverage ratio improved to 2.7x from 2.9x in the previous period[35] Cash Flow and Investments - Cash provided by operating activities for the six months ended August 31, 2024, was $119,430 thousand, slightly up from $118,341 thousand in the same period last year[21] - The company reported a net cash used in investing activities of $(58,740) thousand for the six months ended August 31, 2024, compared to $(42,706) thousand in the same period last year[21] Capital Expenditures - Capital expenditures for Q2 amounted to $32.1 million, including $19.4 million for a new facility in Washington, Missouri[3] Guidance and Dividends - Revised FY2025 guidance estimates sales between $1.525 billion and $1.625 billion, with adjusted EBITDA of $320 million to $360 million[9] - Adjusted diluted EPS guidance for FY2025 is projected to be between $4.70 and $5.10[9] - The company declared a cash dividend of $0.17 per share to common shareholders[1] Asset Growth - Current assets increased to $401,156 thousand as of August 31, 2024, from $366,999 thousand as of February 29, 2024[19] - Total assets grew to $2,240,330 thousand as of August 31, 2024, compared to $2,195,505 thousand as of February 29, 2024[19] Transparency and Reporting - The company is focused on enhancing transparency through non-GAAP measures such as adjusted net income and adjusted EBITDA to provide a clearer picture of financial performance[23] Depreciation and Interest - Depreciation and amortization expenses for the six months ended August 31, 2024, totaled $40,750[31] - Interest expense for the six months ended August 31, 2024, was $44,683, consistent with the previous period[31]

FORT WORTH, Texas, Oct. 3, 2024 /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 second 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 November 1, 2024, to shareholders of record as of the close of business on October 18, 2024. While AZZ currently intends to pay regular quarterly cash dividends ...

AZZ (AZZ) closed the most recent trading day at $82.61, moving +0.39% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.42%. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq added 0.38%.Heading into today, shares of the electrical equipment maker had lost 1.06% over the past month, lagging the Industrial Products sector's gain of 6.17% and the S&P 500's gain of 2.06% in that time.The upcoming earnings release of AZZ will be of great interest to i ...

AZZ (AZZ) closed at $82.01 in the latest trading session, marking a +0.94% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.25%. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq gained 0.56%.Prior to today's trading, shares of the electrical equipment maker had lost 1.71% over the past month. This has lagged the Industrial Products sector's gain of 3.56% and the S&P 500's gain of 1.65% in that time.Market participants will be closely following the fi ...