Latest news with #AZZInc
Yahoo
02-06-2025
- Business
- Yahoo
AZZ Inc. to Participate in the Wolfe Research 2nd Annual Materials of the Future Conference 2025
FORT WORTH, Texas, June 2, 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 Wolfe Research 2nd Annual Materials of the Future Conference 2025. The conference will be held on June 16-18, 2025, at the Wolfe Research Office, 757 Third Avenue - 5th Floor, in New York City, New York. AZZ will present Wednesday, June 18, 2025, at 11:00-11:30 am eastern, and host one-on-one meetings on June 17-18, 2025. A webcast of the presentation will be available on the Company's investor relations page at A replay of the presentation will be available for 30 days. Investors interested in requesting a meeting with the Company should contact their conference representatives at corporateaccess@ About AZZ Inc. AZZ Inc. is the leading independent provider of hot-dip galvanizing and coil coating solutions to a broad range of end-markets. Collectively, our business segments provide sustainable, unmatched metal coating solutions that enhance the longevity and appearance of buildings, products and infrastructure that are essential to everyday life. Safe Harbor Statement Certain statements herein about our expectations of future events or results constitute forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by terminology such as "may," "could," "should," "expects," "plans," "will," "might," "would," "projects," "currently," "intends," "outlook," "forecasts," "targets," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology. Such forward-looking statements are based on currently available competitive, financial, and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain, and investors must recognize that actual results may differ from those expressed or implied in the forward-looking statements. Forward-looking statements speak only as of the date they are made and are subject to risks that could cause them to differ materially from actual results. Certain factors could affect the outcome of the matters described herein. This press release may contain forward-looking statements that involve risks and uncertainties including, but not limited to, changes in customer demand for our manufactured solutions, including demand by the construction markets, the industrial markets, and the metal coatings markets. We could also experience additional increases in labor costs, components and raw materials including zinc and natural gas, which are used in our hot-dip galvanizing process; supply-chain vendor delays; customer requested delays of our manufactured solutions; delays in additional acquisition opportunities; an increase in our debt leverage and/or interest rates on our debt, of which a significant portion is tied to variable interest rates; availability of experienced management and employees to implement AZZ's growth strategy; a downturn in market conditions in any industry relating to the manufactured solutions that we provide; economic volatility, including a prolonged economic downturn or macroeconomic conditions such as inflation or changes in the political stability in the United States or Canada; tariffs; acts of war or terrorism inside the United States or abroad; and other changes in economic and financial conditions. AZZ has provided additional information regarding risks associated with the business, including in Part I, Item 1A. Risk Factors, in AZZ's Annual Report on Form 10-K for the fiscal year ended February 28, 2025, and other filings with the SEC, available for viewing on AZZ's website at and on the SEC's website at You are urged to consider these factors carefully when evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. These statements are based on information as of the date hereof and AZZ assumes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise. Investor Relations and Company Contact:David Nark, Chief Marketing, Communications, and Investor Relations OfficerAZZ Inc.(817) Investor Contact:Sandy Martin / Phillip KupperThree Part Advisors(214) View original content to download multimedia: SOURCE AZZ, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-05-2025
- Business
- Yahoo
Commercial Building Products Stocks Q1 Recap: Benchmarking AZZ (NYSE:AZZ)
Wrapping up Q1 earnings, we look at the numbers and key takeaways for the commercial building products stocks, including AZZ (NYSE:AZZ) and its peers. Commercial building products companies, which often serve more complicated projects, can supplement their core business with higher-margin installation and consulting services revenues. More recently, advances to address labor availability and job site productivity have spurred innovation. Additionally, companies in the space that can produce more energy-efficient materials have opportunities to take share. However, these companies are at the whim of commercial construction volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates. Additionally, the costs of raw materials can be driven by a myriad of worldwide factors and greatly influence the profitability of commercial building products companies. The 5 commercial building products stocks we track reported a strong Q1. As a group, revenues beat analysts' consensus estimates by 1.9% while next quarter's revenue guidance was 2% above. Luckily, commercial building products stocks have performed well with share prices up 10.9% on average since the latest earnings results. Responsible for projects like nuclear facilities, AZZ (NYSE:AZZ) is a provider of metal coating and power infrastructure solutions. AZZ reported revenues of $351.9 million, down 4% year on year. This print fell short of analysts' expectations by 4.3%. Overall, it was a slower quarter for the company with a miss of analysts' EBITDA estimates. Tom Ferguson, President, and Chief Executive Officer of AZZ, commented, "Fiscal year 2025 was a successful year for AZZ. We delivered record full year results and made significant progress on our growth initiatives throughout the year. We are pleased with full-year sales growth of 2.6%, which includes record results in both Metal Coatings and Precoat Metals, despite navigating significant weather impacts in the fourth quarter. For the year, our Metal Coatings segment delivered sales of $665.1 million, and 30.9% EBITDA margin, while Precoat Metals delivered sales of $912.6 million and 19.6% EBITDA margin. AZZ delivered the weakest performance against analyst estimates and weakest full-year guidance update of the whole group. Interestingly, the stock is up 14.5% since reporting and currently trades at $88.99. Is now the time to buy AZZ? Access our full analysis of the earnings results here, it's free. Growing from a small wire manufacturer to one of the largest in the U.S., Insteel (NYSE:IIIN) provides steel wire reinforcing products for concrete. Insteel reported revenues of $160.7 million, up 26.1% year on year, outperforming analysts' expectations by 7.2%. The business had an incredible quarter with an impressive beat of analysts' EPS estimates and a solid beat of analysts' EBITDA estimates. Insteel achieved the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems happy with the results as the stock is up 33.7% since reporting. It currently trades at $35.66. Is now the time to buy Insteel? Access our full analysis of the earnings results here, it's free. Founded after patenting the electric room thermostat, Johnson Controls (NYSE:JCI) specializes in building products and technology solutions, including HVAC systems, fire and security systems, and energy storage. Johnson Controls reported revenues of $5.68 billion, up 1.4% year on year, exceeding analysts' expectations by 0.7%. It may have had the worst quarter among its peers, but its results were still good as it also locked in a solid beat of analysts' organic revenue estimates and an impressive beat of analysts' adjusted operating income estimates. Interestingly, the stock is up 9.3% since the results and currently trades at $97. Read our full analysis of Johnson Controls's results here. Standing out with its digital keyless entry into self-storage room technology, Janus (NYSE:JBI) is a provider of easily accessible self-storage solutions. Janus reported revenues of $210.5 million, down 17.3% year on year. This number surpassed analysts' expectations by 2%. Overall, it was a very strong quarter as it also put up an impressive beat of analysts' adjusted operating income estimates and a solid beat of analysts' EPS estimates. Janus had the slowest revenue growth among its peers. The stock is up 12.8% since reporting and currently trades at $8.06. Read our full, actionable report on Janus here, it's free. Involved in the design of the Apple Store on Fifth Avenue in New York City, Apogee (NASDAQ:APOG) sells architectural products and services such as high-performance glass for commercial buildings. Apogee reported revenues of $345.7 million, down 4.5% year on year. This print beat analysts' expectations by 4.2%. It was a strong quarter as it also recorded an impressive beat of analysts' EBITDA estimates and full-year revenue guidance beating analysts' expectations. Apogee achieved the highest full-year guidance raise among its peers. The stock is down 15.7% since reporting and currently trades at $38.66. Read our full, actionable report on Apogee here, it's free. Thanks to the Fed's series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% in November), and a notable surge followed Donald Trump's presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. The path forward holds both optimism and caution as new policies take shape. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. 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Yahoo
23-04-2025
- Business
- Yahoo
AZZ Inc (AZZ) Q4 2025 Earnings Call Highlights: Record Sales and Strategic Debt Reduction
Total Sales: Increased by 16.2% to $1.54 billion for fiscal 2024. Metal Coatings Sales: $656 million, up 3% year-over-year. Pre-Coat Metals Sales: $881 million, up 28.4% year-over-year. Adjusted EBITDA: Increased to $334 million for the full year. Cash Provided by Operations: $245 million for the year. Adjusted Earnings Per Share (EPS): $4.53, up almost 35% from the previous year. Fourth Quarter Sales: $366 million, up 8.9% year-over-year. Fourth Quarter Adjusted EPS: Increased by 210% to $0.93. Fourth Quarter Adjusted EBITDA: $74 million, up 29% year-over-year. Adjusted EBITDA Margins: 28.6% for metal coatings and 17.8% for pre-coat metals. Debt Reduction: Reduced by $115 million over the last year. Capital Expenditures: $95.1 million for the year, including $47.7 million for a new facility. Net Income for Fourth Quarter: $17.9 million, compared to $7.4 million in the prior year. Gross Profit for Fourth Quarter: $81 million, or 22.1% of sales. SG&A Expenses for Fourth Quarter: $38.8 million, including $6.8 million in legal accruals. Interest Expense for Fourth Quarter: $24.7 million, down from $27.1 million in the prior year. Effective Tax Rate for Fourth Quarter: 18.7%. Free Cash Flow: $149.3 million for the year. Fiscal 2025 Guidance: Sales of $1.525 billion to $1.625 billion, adjusted EBITDA of $310 million to $360 million, and adjusted EPS of $4.50 to $5. Warning! GuruFocus has detected 4 Warning Sign with AZZ. Release Date: April 22, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. AZZ Inc (NYSE:AZZ) achieved a record total sales increase of 16.2% to $1.54 billion for fiscal 2024. The company significantly reduced its debt by $115 million, surpassing its target of $75 million to $100 million. Adjusted earnings per share increased by almost 35% to $4.53 compared to the previous year. AZZ Inc (NYSE:AZZ) improved its adjusted EBITDA by 24.8% to $333.6 million, reflecting strong operational efficiencies. The company maintained a strong liquidity position with no debt maturities until 2027 and successfully repriced its term loan and revolving credit facility to lower interest costs. Selling, General and Administrative expenses increased to $38.8 million in the fourth quarter, partly due to $6.8 million in legal accruals. The company faces increased labor and other variable costs, which could impact future profitability. Despite strong performance, the pre-coat metals segment continues to experience pressure in the container and transportation categories. The company is exposed to risks associated with macroeconomic impacts, which could affect demand and inventory management. AZZ Inc (NYSE:AZZ) has not made any share repurchases during the year, focusing instead on debt reduction. Q: With the leverage ratio at 2.9 times, do you plan to hold more cash on the balance sheet, and are there acquisition opportunities? A: We typically maintain low cash balances, using excess cash to reduce borrowings on our revolver. We have a $400 million revolver with $355 million in capacity, which can fund smaller acquisitions. Currently, we see potential galvanizing opportunities that could be funded through the revolver. These are typically bolt-on acquisitions with $10 million to $20 million in revenue. Q: Was the warmer weather in Q4 indicative of business being pulled from Q1, and does maintaining guidance suggest a positive outlook? A: The warmer weather allowed for an earlier start, potentially pulling some business into Q4. However, we expect additional projects in the pipeline for the summer and fall. On the pre-coat side, the normal ordering cycle was followed, with some inventory buildup among customers. We believe our guidance is solid and traditionally conservative. Q: Can you elaborate on the market share gains in the pre-coat segment? A: We are outperforming the market in the construction and appliance segments, seeing conversions and improvements in these areas. These gains are contributing to our overall performance. Q: How do you see gross margins in metal coatings trending in fiscal '25? A: We expect to maintain and potentially improve margins through our Digital Galvanizing System (DGS) and leadership playbooks. As long as volumes hold up, we believe we can drive margin improvements. Q: Regarding the new facility in Washington, Missouri, what are the startup costs, and will there be a drag on margins this fiscal year? A: We have planned for the ramp-up costs in our budgets, with contingencies in place. We do not expect a drag on margins. The facility is 75% contractually committed, with opportunities to sell the remaining capacity. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Washington Post
21-04-2025
- Business
- Washington Post
AZZ: Fiscal Q4 Earnings Snapshot
FORT WORTH, Texas — FORT WORTH, Texas — AZZ Inc. (AZZ) on Monday reported fiscal fourth-quarter earnings of $20.2 million. The Fort Worth, Texas-based company said it had net income of 67 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, were 98 cents per share. The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.
Yahoo
14-04-2025
- Business
- Yahoo
AZZ's (NYSE:AZZ) Dividend Will Be $0.17
The board of AZZ Inc. (NYSE:AZZ) has announced that it will pay a dividend of $0.17 per share on the 15th of May. This means the annual payment will be 0.8% of the current stock price, which is lower than the industry average. Our free stock report includes 3 warning signs investors should be aware of before investing in AZZ. Read for free now. If it is predictable over a long period, even low dividend yields can be attractive. Prior to this announcement, AZZ's dividend was comfortably covered by both cash flow and earnings. This means that a large portion of its earnings are being retained to grow the business. Looking forward, earnings per share is forecast to rise by 58.3% over the next year. If the dividend continues on this path, the payout ratio could be 28% by next year, which we think can be pretty sustainable going forward. View our latest analysis for AZZ The company has an extended history of paying stable dividends. The annual payment during the last 10 years was $0.56 in 2015, and the most recent fiscal year payment was $0.68. This implies that the company grew its distributions at a yearly rate of about 2.0% over that duration. Although we can't deny that the dividend has been remarkably stable in the past, the growth has been pretty muted. The company's investors will be pleased to have been receiving dividend income for some time. However, initial appearances might be deceiving. AZZ has seen earnings per share falling at 9.7% per year over the last five years. If the company is making less over time, it naturally follows that it will also have to pay out less in dividends. Earnings are predicted to grow over the next year, but we would remain cautious until a track record of earnings growth is established. An additional note is that the company has been raising capital by issuing stock equal to 19% of shares outstanding in the last 12 months. Regularly doing this can be detrimental - it's hard to grow dividends per share when new shares are regularly being created. In summary, we are pleased with the dividend remaining consistent, and we think there is a good chance of this continuing in the future. With shrinking earnings, the company may see some issues maintaining the dividend even though they look pretty sustainable for now. The dividend looks okay, but there have been some issues in the past, so we would be a little bit cautious. It's important to note that companies having a consistent dividend policy will generate greater investor confidence than those having an erratic one. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. To that end, AZZ has 3 warning signs (and 1 which is a bit unpleasant) we think you should know about. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
