AZZ Inc. Announces Recommencement of Stock Repurchase Program
AZZ Inc. (NYSE: AZZ), a leading provider of hot-dip galvanizing and coil coating solutions, has announced the resumption of its $100 million Share Repurchase Program. The company has already purchased $46.8 million worth of shares, leaving $53.2 million available for future repurchases.
AZZ has implemented a 10b5-1 plan with a third-party broker to facilitate share repurchases during periods when insider trading restrictions might otherwise prevent such actions. The plan includes predetermined parameters for timing, price, and volume of purchases.
CEO Tom Ferguson emphasized that this move demonstrates the company's commitment to shareholder value while maintaining flexibility for growth initiatives and strategic capital deployment. The company retains the right to modify, suspend, or terminate the 10b5-1 plan, subject to applicable law.
AZZ Inc. (NYSE: AZZ), un leader nelle soluzioni di zincatura a caldo e rivestimento di coil, ha annunciato la ripresa del suo Programma di Riacquisto Azioni da 100 milioni di dollari. L'azienda ha già acquistato azioni per un valore di 46,8 milioni di dollari, lasciando 53,2 milioni di dollari disponibili per futuri riacquisti.
AZZ ha implementato un piano 10b5-1 con un broker terzo per facilitare i riacquisti di azioni durante i periodi in cui le restrizioni sul trading degli insider potrebbero impedire tali operazioni. Il piano prevede parametri predeterminati per tempistiche, prezzo e volume degli acquisti.
Il CEO Tom Ferguson ha sottolineato che questa iniziativa dimostra l’impegno dell’azienda verso il valore per gli azionisti, mantenendo al contempo la flessibilità per iniziative di crescita e un utilizzo strategico del capitale. L’azienda si riserva il diritto di modificare, sospendere o terminare il piano 10b5-1, nel rispetto delle leggi vigenti.
AZZ Inc. (NYSE: AZZ), un proveedor líder de soluciones de galvanizado en caliente y recubrimiento de bobinas, ha anunciado la reanudación de su Programa de Recompra de Acciones de 100 millones de dólares. La compañía ya ha comprado acciones por un valor de 46,8 millones de dólares, quedando 53,2 millones de dólares disponibles para futuras recompras.
AZZ ha implementado un plan 10b5-1 con un corredor externo para facilitar las recompras durante periodos en que las restricciones de comercio de información privilegiada podrían impedir dichas acciones. El plan incluye parámetros predeterminados para el momento, precio y volumen de las compras.
El CEO Tom Ferguson enfatizó que esta medida demuestra el compromiso de la compañía con el valor para los accionistas, manteniendo al mismo tiempo la flexibilidad para iniciativas de crecimiento y despliegue estratégico de capital. La compañía se reserva el derecho de modificar, suspender o terminar el plan 10b5-1, sujeto a la ley aplicable.
AZZ Inc. (NYSE: AZZ)는 열간 아연도금 및 코일 코팅 솔루션의 선도 업체로, 1억 달러 규모의 자사주 매입 프로그램 재개를 발표했습니다. 회사는 이미 4,680만 달러 상당의 주식을 매입했으며, 앞으로 5,320만 달러가 남아 있습니다.
AZZ는 내부자 거래 제한으로 인해 주식 매입이 어려운 기간에도 매입을 원활히 하기 위해 제3자 중개인과 함께 10b5-1 계획을 시행했습니다. 이 계획은 매입 시기, 가격, 물량에 대한 사전 정해진 기준을 포함합니다.
CEO 톰 퍼거슨은 이번 조치가 주주 가치를 위한 회사의 의지를 보여주면서도 성장 이니셔티브와 전략적 자본 운용에 유연성을 유지하는 것이라고 강조했습니다. 회사는 관련 법률에 따라 10b5-1 계획을 수정, 중단 또는 종료할 권리를 보유합니다.
AZZ Inc. (NYSE : AZZ), un leader dans les solutions de galvanisation à chaud et de revêtement de bobines, a annoncé la reprise de son programme de rachat d’actions de 100 millions de dollars. La société a déjà racheté pour 46,8 millions de dollars d’actions, laissant 53,2 millions de dollars disponibles pour de futurs rachats.
AZZ a mis en place un plan 10b5-1 avec un courtier tiers pour faciliter les rachats d’actions durant les périodes où les restrictions liées aux transactions d’initiés pourraient autrement empêcher ces opérations. Le plan comprend des paramètres prédéfinis concernant le timing, le prix et le volume des achats.
Le PDG Tom Ferguson a souligné que cette initiative démontre l’engagement de la société envers la création de valeur pour les actionnaires tout en conservant la flexibilité nécessaire aux initiatives de croissance et à l’allocation stratégique du capital. La société se réserve le droit de modifier, suspendre ou mettre fin au plan 10b5-1, conformément à la législation en vigueur.
AZZ Inc. (NYSE: AZZ), ein führender Anbieter von Feuerverzinkungs- und Coil-Beschichtungslösungen, hat die Wiederaufnahme seines 100-Millionen-Dollar-Aktienrückkaufprogramms angekündigt. Das Unternehmen hat bereits Aktien im Wert von 46,8 Millionen Dollar zurückgekauft und verfügt somit über 53,2 Millionen Dollar für zukünftige Rückkäufe.
AZZ hat einen 10b5-1-Plan mit einem Drittmakler eingeführt, um Aktienrückkäufe auch in Zeiten zu ermöglichen, in denen Insiderhandel-Beschränkungen solche Maßnahmen sonst verhindern würden. Der Plan enthält vorab festgelegte Parameter für Zeitpunkt, Preis und Volumen der Käufe.
CEO Tom Ferguson betonte, dass dieser Schritt das Engagement des Unternehmens für den Aktionärswert unterstreicht und gleichzeitig Flexibilität für Wachstumsinitiativen und strategische Kapitalverwendung gewährleistet. Das Unternehmen behält sich das Recht vor, den 10b5-1-Plan gemäß geltendem Recht zu ändern, auszusetzen oder zu beenden.
- Commitment to return value to shareholders through $53.2M remaining in buyback program
- Structured 10b5-1 plan enables consistent share repurchases regardless of trading windows
- Maintains flexibility for growth initiatives while executing buyback program
- Significant cash allocation to buybacks may limit funds available for other investments
- Program execution subject to market conditions and regulatory requirements
Insights
AZZ's resumed $53.2M stock buyback program demonstrates confidence while balancing shareholder returns with strategic flexibility in capital deployment.
AZZ's announcement to resume its stock repurchase program carries positive implications for shareholders. With
The implementation of a Rule 10b5-1 plan is particularly noteworthy as it establishes a systematic repurchase framework that allows buybacks to continue during blackout periods when insider trading restrictions would otherwise prevent such activity. This demonstrates management's commitment to executing the program consistently rather than opportunistically.
CEO Tom Ferguson's commentary reveals a balanced capital allocation strategy - the company aims to return value to shareholders while maintaining financial flexibility for growth initiatives. This dual focus suggests confidence in both AZZ's current financial position and its long-term strategic roadmap.
For investors, share repurchases typically provide several benefits: they reduce the number of outstanding shares (potentially enhancing per-share metrics), signal management's confidence in the business fundamentals, and provide a degree of price support in the market. The structured nature of the 10b5-1 plan adds an element of predictability and governance to the capital return process.
The repurchase program, while meaningful, is measured in size - allowing AZZ to return capital to shareholders while preserving financial capacity for strategic growth opportunities, reflecting prudent balance sheet management.
The Rule 10b5-1 plan allows AZZ to repurchase shares of its common stock during periods when it might otherwise be precluded from doing so under insider trading laws. Shares will be purchased under the 10b5-1 plan as part of AZZ's previously authorized Program and is intended to facilitate the continued execution of the Company's disciplined capital allocation strategy.
"Adopting a 10b5-1 plan underscores our commitment to returning value to shareholders while maintaining flexibility and compliance with regulatory requirements," said Tom Ferguson, President and Chief Executive Officer of AZZ Inc. "We remain confident in the strength of our long-term strategy, and resuming common stock purchases under this Program will allow the Company to opportunistically repurchase shares, while maintaining our ability to fund growth initiatives and deploy other strategic capital to further enhance shareholder value."
Under the terms of the 10b5-1 plan, a third-party broker will execute repurchases on behalf of AZZ, subject to predetermined parameters regarding timing, price, and volume. The number of shares of common stock to be repurchased under the plan will be consistent with the Company's previously announced share repurchase authorization.
AZZ may modify, suspend, or terminate the 10b5-1 plan at any time, subject to applicable law. All repurchases will be disclosed in the Company's periodic reports filed with the Securities and Exchange Commission.
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. For more information, please refer to www.azz.com.
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
Company Contact:
David Nark, Senior Vice President of Marketing, Communications, and Investor Relations
AZZ Inc.
(817) 810-0095
www.azz.com
Investor Contact:
Sandy Martin or Phillip Kupper
Three Part Advisors
(214) 616-2207 or (817) 368-2556
www.threepa.com
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SOURCE AZZ, Inc.
FAQ
How much remains in AZZ's stock repurchase program as of April 2025?
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How will AZZ execute its stock repurchase program?
Can AZZ modify or terminate its stock repurchase program?
