AZZ Inc. - AZZ STOCK NEWS

AZZ Inc (NYSE: AZZ), North America's leading provider of hot-dip galvanizing and coil coating solutions, has released its 2024 Sustainability Report. The report highlights the company's progress in environmental, social, and governance (ESG) initiatives and its dedication to protecting critical infrastructure. CEO Tom Ferguson emphasized AZZ's 70-year legacy in creating safer, sustainable solutions through metal coating innovations.

The company's sustainability efforts have earned recognition from notable publications, with AZZ being featured in Newsweek's 'America's Most Responsible Companies 2024' and Forbes' 'America's Most Successful Small Companies in 2024' lists.

AZZ (NYSE: AZZ), North America's leading provider of hot-dip galvanizing and coil coating solutions, has announced its November 2024 investor conference schedule. The company will participate in three major events: the Baird Global Industrials Conference in Chicago on November 13, where CEO Tom Ferguson, CFO Jason Crawford, and SVP David Nark will present; the NYSE Industrials Day Conference on November 19, featuring virtual meetings with David Nark; and the Three Part Advisors Southwest IDEAS Conference on November 20-21, where David Nark will present and host meetings.

AZZ Inc. reported strong fiscal year 2025 second quarter results, with total sales up 2.6% to $409.0 million. The company saw growth in both its Metal Coatings and Precoat Metals segments. Net income increased 25.0% to $35.4 million, while adjusted EBITDA rose to $91.9 million or 22.5% of sales. AZZ reduced its debt by $20.0 million in the quarter and $45 million year-to-date, lowering its net leverage ratio to 2.7x.

The company has narrowed and raised its fiscal year 2025 financial guidance, now expecting sales of $1.525 - $1.625 billion and adjusted diluted EPS of $4.70 - $5.10. AZZ also repriced its Term Loan B, reducing the borrowing rate by 75 basis points to SOFR+2.50%.

AZZ Inc. (NYSE: AZZ), a leading provider of hot-dip galvanizing and coil coating solutions, has announced a second quarter cash dividend of $0.17 per share for fiscal year 2025. The dividend will be paid on November 1, 2024, to shareholders of record as of October 18, 2024.

While AZZ intends to continue paying regular quarterly dividends, future payments will be subject to Board approval based on various factors including operating results, financial condition, and business outlook. The company remains committed to enhancing shareholder value through these considerations.

AZZ Inc. (NYSE: AZZ), North America's leading provider of hot-dip galvanizing and coil coating solutions, has successfully repriced its $890 million Term Loan B. The repricing reduced the interest rate margin by 75 basis points to SOFR + 250 basis points, with no changes to leverage, covenants, or the May 13, 2029 maturity date. This leverage-neutral transaction is expected to result in annual interest savings of approximately $7 million.

Since the Term Loan B's issuance in May 2022, AZZ has reduced the interest rate margin by a total of 185 basis points. The company's strong business performance and cash flow generation have enabled it to take a disciplined approach to reducing debt, strengthening its balance sheet, and improving its leverage profile following the acquisition of Precoat Metals in May 2022.

AZZ Inc. (NYSE: AZZ), a leading provider of hot-dip galvanizing and coil coating solutions, has announced a conference call to review its second quarter fiscal year 2025 financial results. The call is scheduled for Thursday, October 10, 2024, at 11:00 a.m. ET. AZZ will release its Q2 financial results press release after market close on October 9, 2024.

Interested parties can join the conference call by dialing (844) 855-9499 or (412) 317-5497 for international callers. A webcast will be available on the company's Investor Relations page. A replay of the call will be accessible until October 17, 2024, via phone or the company's website.

AZZ Inc. specializes in providing metal coating solutions that enhance the longevity and appearance of buildings, products, and infrastructure essential to everyday life.

AZZ Inc. (NYSE: AZZ), North America's leading provider of hot-dip galvanizing and coil coating solutions, has announced its participation in two virtual equity conferences in September 2024. David Nark, Senior VP of Marketing, Communications, and Investor Relations, will represent AZZ at both events:

1. Sidoti Small Cap Conference on September 18-19, with one-on-one meetings on September 18th.

2. Noble Capital Markets' Basic Industries Equity Conference on September 25-26, with one-on-one meetings on both days.

Investors interested in meeting with AZZ can contact Three Part Advisors to schedule appointments.

AZZ Inc. (NYSE: AZZ), North America's leading provider of hot-dip galvanizing and coil coating solutions, has announced its participation in two virtual investor conferences in August 2024. David Nark, Senior VP of Marketing, Communications, and Investor Relations, will represent AZZ at both events:

1. Seaport Research Conference (August 20-21, 2024): AZZ will host one-on-one meetings on both days.

2. Granite Research Conference (August 22-23, 2024): AZZ will conduct small group meetings on August 22.

Investors interested in scheduling meetings with AZZ can contact Three Part Advisors representatives Sandy Martin or Phillip Kupper.

AZZ Inc. (NYSE: AZZ) reported strong financial results for the fiscal year 2025 first quarter ending May 31, 2024. The company recorded total sales of $413.2 million, a 5.7% increase year-over-year. Metal Coatings and Precoat Metals segments saw sales increase by 4.7% and 6.5%, respectively. Net income was $39.6 million, up 38.8%, while adjusted net income was $44.0 million, up 31.9%. The adjusted diluted EPS rose 28.1% to $1.46. EBITDA increased to $94.1 million, representing 22.8% of sales.

Cash flow from operations was $71.9 million, allowing for a debt reduction of $25 million. The company completed a secondary public offering for $308.7 million, using the proceeds to redeem Series A Preferred Stock, avoiding $14.4 million in future annual preferred dividends. FY2025 guidance remains unchanged, with expected sales between $1.525 and $1.625 billion and an adjusted diluted EPS of $4.50 to $5.00.