AZZ Inc. - AZZ STOCK NEWS

AZZ Inc. reported its Fiscal Year 2021 results, achieving its 34th consecutive year of profitability despite significant challenges from the COVID-19 pandemic. The company recorded net income of $39.6 million and earnings per share of $1.52. However, total sales decreased by 21% to $838.9 million. The Metal Coatings segment saw a decline of 8.3% in sales, while the Infrastructure Solutions segment plummeted 32.3%. Despite this, the company maintained a strong operating cash flow of $92 million and plans to invest in growth, reiterating sales guidance for FY 2022 between $835 million and $935 million.

AZZ Inc. (NYSE: AZZ) will hold a conference call to discuss its financial results for the fourth quarter and fiscal year 2021 on April 23, 2021, at 11:00 a.m. ET. The results will be released before the market opens the same day. AZZ is known for providing metal coating services, welding solutions, and specialty electrical equipment to various industrial markets. The company emphasizes that future performance may be affected by various risks, including market demand fluctuations, supply chain issues, and impacts from the COVID-19 pandemic.

AZZ Inc. (NYSE: AZZ) has announced a fourth quarter cash dividend of $0.17 per share on its common stock, payable on May 11, 2021, for shareholders of record as of April 27, 2021. The company emphasizes its ongoing commitment to enhancing shareholder value, contingent upon its operating results and financial condition.

AZZ operates in metal coatings, welding, and specialty electrical equipment sectors, with a focus on the power generation and industrial markets.

AZZ Inc. (NYSE: AZZ), a leading provider of metal coating, welding solutions, and specialty electrical equipment, announced that CFO Philip Schlom and SVP David Nark will present at the Sidoti's Spring 2021 Investor Conference on March 24, 2021, at 2:30 p.m. ET. The presentation will be virtual, and a replay will be available afterward on the Investor Relations page.

AZZ serves various markets, including power generation and industrial, focusing on metal finishing and corrosion protection.

AZZ Inc. (NYSE:AZZ) announced the appointment of Carol R. Jackson and Clive A. Grannum as new independent directors, effective immediately. Both will serve until the next Annual Shareholders meeting in July 2021. Ms. Jackson is the CEO of HarbisonWalker International, with extensive leadership experience, while Mr. Grannum is the President of Performance Alloys at Materion Corporation. The board refreshment continues as part of AZZ's strategy for growth. The Board will now have nine members, eight of whom are independent.

AZZ Inc. (NYSE: AZZ) has provided its fiscal year 2022 guidance, predicting earnings per diluted share between $2.45 and $2.95, with estimated sales ranging from $835 million to $935 million. The guidance reflects management's evaluation of current market conditions and backlog expectations, excluding potential acquisitions and regulatory changes. CEO Tom Ferguson emphasized growth in the Metal Coatings segment and a focus on infrastructure solutions. The company is pursuing growth opportunities to enhance shareholder value.

AZZ Inc. (NYSE: AZZ) has declared a third quarter cash dividend of $0.17 per share, payable on February 9, 2021, to shareholders of record as of January 26, 2021. The company reaffirms its commitment to regular quarterly dividends, subject to review by its Board of Directors based on operating results and financial conditions. AZZ specializes in metal coating services, welding solutions, and specialty electrical equipment, serving critical sectors like power generation and industrial markets.

AZZ Inc. reported third quarter fiscal 2021 results, with earnings per share of $0.76 and net income of $19.7 million. Total sales were $226.6 million, reflecting an 11.4% sequential increase but a 22.2% decline year-over-year. The Metal Coatings segment saw a 10.5% drop in sales, while the Infrastructure Solutions segment fell 31.5%. A new $100 million share repurchase program was approved. Management remains optimistic, anticipating improved fourth quarter results and emphasizing strategic growth in Metal Coatings.

AZZ Inc. (NYSE: AZZ) announced the acquisition of Acme Galvanizing, Inc., a century-old provider of hot-dip galvanizing and zinc electroplating services, based in Milwaukee, Wisconsin. Although transaction terms were undisclosed, AZZ anticipates the acquisition will contribute positively to earnings within its first operational year. The acquisition enhances AZZ's Midwest presence by adding a facility with advanced automated zinc plating lines and a galvanizing kettle, expanding its hot-dip galvanizing network to 40 sites across North America.