Welcome to our dedicated page for AZZ news (Ticker: AZZ), a resource for investors and traders seeking the latest updates and insights on AZZ stock.
AZZ Inc. (NYSE: AZZ) is a prominent provider of specialty electrical equipment and services to global power generation, industrial, transmission, and distribution markets. The company also leads in hot-dip galvanizing services for the North American steel fabrication industry. AZZ operates through two primary business segments: the Energy segment and the Galvanizing segment.
Within the Energy segment, AZZ offers a diverse product portfolio, including custom switchgear, electrical enclosures, medium and high voltage ducts, hazardous and specialty lighting, and tubular products. The company is also a leading third-party supplier of safety-related equipment to the nuclear industry and provides specialized repair and overhaul solutions to industrial and utility markets worldwide.
The Galvanizing segment provides metal coating solutions to protect against corrosion. These services include hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating. The Precoat Metals segment offers aesthetic and corrosion-resistant coatings for steel and aluminum coils, further cementing AZZ's position as a comprehensive metal coatings provider.
Recently, AZZ announced the successful repricing of its $980 million Term Loan B, reducing the interest rate margin and resulting in significant annual interest savings. This financial maneuver is part of AZZ's disciplined approach to lowering its net debt to EBITDA leverage ratio, with a target of 3.0 times or lower by 2024.
The company also announced the retirement of its CFO, Philip Schlom, and the appointment of Jason Crawford as the new CFO. Under Schlom's tenure, AZZ strengthened its financial and compliance functions, contributing to the company's strategic transformation. Crawford brings over 20 years of experience in finance and has a proven track record in mergers and acquisitions.
Additionally, AZZ declared a fourth-quarter cash dividend, reflecting its commitment to enhancing shareholder value. The company continues to focus on organic growth, particularly within its Metal Coatings and Precoat Metals segments, aiming to grow market share and maintain superior customer service and operational excellence.
AZZ is also committed to sustainability, providing unmatched metal coating solutions that enhance the longevity and appearance of buildings, products, and infrastructure essential to everyday life.
For those interested, AZZ will conduct a conference call to review its financial results for the fourth quarter and fiscal year 2024. Investors can access the call via the company's Investor Relations page or through specified phone numbers.
AZZ Inc. (NYSE: AZZ), a leading provider of metal coating services, announced that CFO Philip Schlom and SVP David Nark will present at CL King's 19th Annual Best Ideas Virtual Conference on September 14, 2021, at 3:30 p.m. ET. A webcast will be available on the Company's Investor Relations page, with a replay following the event. The management will also conduct virtual one-on-one meetings on the same day. Investors can reach out to CL King for arrangements or contact Lytham Partners for inquiries.
AZZ Inc. (NYSE: AZZ) will present at the Midwest IDEAS Investor Conference on August 25, 2021. CFO Philip Schlom and SVP David Nark will represent the company. The presentation is set for 8:00 a.m. ET and will be accessible via the company's Investor Relations page. Following the event, a replay will be available. Management is also hosting virtual one-on-one meetings on the same day for interested investors. For more details, contact Lytham Partners.
AZZ Inc. (NYSE: AZZ), a provider of metal coating and electrical solutions, announced that CFO Philip Schlom and SVP David Nark will present at the Jefferies Virtual Industrials Conference on August 3, 2021, at 4:00 p.m. ET. A webcast of the presentation will be available on the Company's Investor Relations page. Management will also host virtual one-on-one meetings during the conference, scheduled for August 3-4, 2021. For meeting arrangements, investors can contact Jefferies or Lytham Partners.
AZZ Inc. (NYSE: AZZ) reported strong financial results for Q1 FY2022, ending May 31, 2021. The company achieved a net income of $22.3 million ($0.88 per diluted share), a 303.1% increase from last year. Sales rose to $229.8 million, up 7.8%.
Both segments performed well: Metal Coatings sales were $127.7 million (+7.3%), and Infrastructure Solutions sales reached $102.1 million (+8.3%). Operating margins improved significantly in both segments. The company also increased its FY2022 guidance for sales to $855-$935 million and EPS to $2.65-$3.05.
AZZ Inc. (NYSE: AZZ) has declared a first quarter cash dividend of $0.17 per share, payable on August 3, 2021, to shareholders of record by July 20, 2021. The Board of Directors will assess future dividends on an individual basis, considering AZZ's financial performance and market conditions. The company, which specializes in metal coating services, welding solutions, and specialty electrical equipment, aims to enhance shareholder value through prudent financial management.
AZZ Inc. (NYSE: AZZ) will host a conference call on July 9, 2021, at 11:00 a.m. ET to discuss its financial results for the first quarter of fiscal year 2022. A press release detailing the financial results will be issued before the market opens on the same day. AZZ is a leading provider of metal coating services and welding solutions, focusing on the power generation and industrial markets. Interested parties can join the call through a dedicated dial-in number or via the Company's Investor Relations webpage.
AZZ Inc. (NYSE: AZZ), a leader in metal coating services, will present at the Jefferies Virtual Global Metals Summit on June 14, 2021, at 4:20 p.m. ET. Presenters include CFO Philip Schlom and SVP David Nark. The presentation will be available via webcast on the company's Investor Relations page and will be replayed after the event. Investors can also schedule one-on-one meetings on the same day by contacting Jefferies or Lytham Partners.
AZZ Inc. (NYSE: AZZ) announced that CFO Philip Schlom and SVP David Nark will present at the UBS Global Industrials and Transportation Virtual Conference on June 9, 2021, at 12:00 p.m. ET. The event will highlight AZZ's services including metal coating and welding solutions for various markets. A webcast will be accessible on the Company’s Investor Relations page, with a replay available post-event.
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.
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