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Azz Inc - AZZ STOCK NEWS

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About AZZ Inc. (NYSE: AZZ)

AZZ Inc. is a leading provider of specialty metal coatings and engineered solutions, catering to a diverse range of industries across North America. With a strong focus on hot-dip galvanizing and coil coating, AZZ plays a critical role in enhancing the durability, functionality, and aesthetic appeal of essential infrastructure, industrial products, and construction materials. The company's operations are organized into two primary business segments: Metal Coatings and Precoat Metals.

Metal Coatings Segment

The Metal Coatings segment is a cornerstone of AZZ's business, offering advanced corrosion protection solutions through processes like hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating. These services are essential for industries such as construction, energy, transportation, and utilities. By safeguarding steel and other metals from environmental degradation, AZZ supports the longevity and integrity of critical infrastructure, including bridges, highways, and renewable energy installations.

Precoat Metals Segment

Through its Precoat Metals segment, AZZ delivers high-performance coil coating solutions for steel and aluminum substrates. These coatings provide both aesthetic enhancements and superior corrosion resistance, making them indispensable for applications in construction, HVAC systems, appliances, and recreational transportation. This segment reflects AZZ's commitment to sustainability by promoting environmentally friendly, pre-painted metal solutions that reduce waste and improve energy efficiency in manufacturing processes.

Market Position and Competitive Advantages

AZZ is uniquely positioned as the largest independent provider of hot-dip galvanizing and coil coating solutions in North America. Its extensive network of facilities enables the company to serve a broad spectrum of end markets efficiently. AZZ's competitive edge lies in its ability to deliver industry-leading margins, consistent cash flow generation, and unmatched operational excellence. The company also distinguishes itself through its focus on customer service, quality, and innovation, ensuring long-term value for its stakeholders.

Sustainability and Industry Impact

As a key player in the metal coatings industry, AZZ is committed to sustainability. Its solutions not only extend the lifespan of materials but also contribute to reducing environmental impact by minimizing corrosion-related waste. The company's products are integral to building and maintaining infrastructure that supports economic growth and societal well-being.

Challenges and Strategic Focus

Operating in markets subject to raw material cost volatility and supply chain complexities, AZZ employs a disciplined approach to financial management and operational efficiency. The company continually invests in technology, productivity enhancements, and environmental initiatives to mitigate risks and drive sustainable growth. Recent efforts include expanding its market share and optimizing its balance sheet through strategic debt reduction and capital allocation.

Conclusion

AZZ Inc. stands out as a vital contributor to the industrial and infrastructure sectors, offering innovative, sustainable solutions that address critical challenges in metal protection and aesthetics. With a robust business model, strategic market positioning, and a commitment to excellence, AZZ is well-equipped to navigate the complexities of its industry and deliver enduring value to its customers and shareholders.

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AZZ Inc. (NYSE: AZZ) declares a fourth-quarter cash dividend of $0.17 per share, payable on May 2, 2024. The company plans to continue regular quarterly dividends, subject to Board discretion.
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AZZ Inc. announced the retirement of Chief Financial Officer Mr. Philip Schlom, to be succeeded by Mr. Jason Crawford. Mr. Schlom's retirement is set for November 4, 2024, with Mr. Crawford transitioning into the CFO role. The CEO praised Mr. Schlom's contributions to the company and expressed confidence in Mr. Crawford's abilities, highlighting his extensive experience in finance and mergers and acquisitions.
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AZZ Inc. successfully reprices its existing $980 million Term Loan B, reducing the interest rate margin by 50 basis points to SOFR + 325 basis points, resulting in annual interest savings of approximately $5 million. This marks the second repricing, leading to total interest rate margin savings of 100 basis points since May 2022. The company aims to lower its net debt to EBITDA leverage ratio to 3.0 times or lower by the end of 2024.
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AZZ Inc. announces participation in upcoming investor conferences, including Sidoti Small Cap Conference and 36th Annual Roth Conference. David Nark and Tom Ferguson to represent the company. Sidoti Conference on March 13-14, 2024, and Roth Conference on March 18-19, 2024.
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AZZ Inc. announces participation in investor conferences with key executives, offering one-on-one meetings for interested investors. The events include Citi 2024 Global Industrial Technology and Mobility Conference on February 20 and J.P. Morgan Global High Yield & Leveraged Finance Conference on February 26, 2024, both in Miami, Florida.
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AZZ Inc. provides financial guidance for fiscal year 2025 and reaffirms guidance for fiscal year 2024. Sales, adjusted EBITDA, and adjusted diluted EPS are all expected to increase in FY 2025. Management's outlook reflects confidence in the company's performance.
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AZZ Inc. (NYSE: AZZ) has announced a third quarter cash dividend of $0.17 per share on the Company's outstanding shares of common stock. The dividend is payable on February 7, 2024, to shareholders of record as of January 30, 2024. The company plans to pay regular quarterly cash dividends for the foreseeable future, with future dividends subject to review and discretion by the Board of Directors. AZZ remains committed to enhancing shareholder value based on various factors, including operating results, financial condition, and business outlook.
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AZZ Inc. (NYSE: AZZ) announced financial results for the third quarter ended November 30, 2023, showing growth in sales, profits, and cash flow. Total sales were $381.6 million, up 2.2%, with Metal Coatings sales of $163.2 million, up 3.1%, and Precoat Metals sales of $218.4 million, up 1.6%. Diluted EPS was $0.92, up 55.9% versus the prior year, and Adjusted EPS was $1.19, up 52.6%. Net income was $26.9 million, up 45.8%, and Adjusted net income was $34.8 million, up 78.3%. Adjusted EBITDA was $86.4 million or 22.6% of sales, versus the prior year of $68.9 million or 18.5% of sales. AZZ also reduced debt by $25.0 million in the quarter, resulting in net leverage of 3.1x.
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AZZ Inc. (NYSE: AZZ) successfully repriced its $400 million Senior Secured Revolver due May 2027, reducing the interest rate margin across all leveraged-based pricing tiers. The repricing will result in significantly lower interest costs through the maturity of the facility.
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AZZ Inc. (NYSE: AZZ) will conduct a conference call to review the financial results for the third quarter fiscal year 2024 at 11:00 a.m. ET on Wednesday, January 10, 2024. The Company will issue a press release reporting third quarter financial results after the market closes on January 9, 2024. Interested parties can access the conference call by dialing (844) 855-9499 or (412) 317-5497 (international) or via webcast on the Company's Investor Relations page at http://www.azz.com/investor-relations. A replay of the call will be available through January 17, 2024, or by visiting http://www.azz.com/investor-relations for the next 12 months.
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FAQ

What is the current stock price of Azz (AZZ)?

The current stock price of Azz (AZZ) is $88.89 as of March 6, 2025.

What is the market cap of Azz (AZZ)?

The market cap of Azz (AZZ) is approximately 2.7B.

What does AZZ Inc. specialize in?

AZZ Inc. specializes in metal coatings and engineered solutions, including hot-dip galvanizing and coil coating, to enhance the durability and aesthetics of industrial and infrastructure materials.

What industries does AZZ serve?

AZZ serves a variety of industries, including construction, energy, transportation, utilities, HVAC, and renewable energy sectors.

What are the key business segments of AZZ Inc.?

AZZ operates through two primary segments: Metal Coatings, focusing on corrosion protection, and Precoat Metals, specializing in coil coating solutions for steel and aluminum.

How does AZZ contribute to sustainability?

AZZ promotes sustainability by extending the lifespan of materials through corrosion protection and offering environmentally friendly, pre-painted metal solutions that reduce waste.

What sets AZZ apart from its competitors?

AZZ's competitive advantages include its extensive North American footprint, industry-leading margins, focus on quality and customer service, and commitment to operational excellence.

What challenges does AZZ face in its operations?

AZZ faces challenges such as raw material cost volatility, supply chain dependencies, and economic fluctuations, which it addresses through disciplined financial management and operational efficiency.

What is AZZ's role in infrastructure development?

AZZ plays a critical role in infrastructure development by providing metal coating solutions that enhance the durability and functionality of bridges, highways, buildings, and renewable energy installations.

How does AZZ generate revenue?

AZZ generates revenue through its Metal Coatings and Precoat Metals segments, offering services like hot-dip galvanizing, coil coating, and other corrosion protection solutions.

What is the significance of AZZ's Precoat Metals segment?

The Precoat Metals segment provides high-performance coil coatings that improve corrosion resistance and aesthetics, serving industries like construction, HVAC, and transportation.

Where does AZZ operate?

AZZ operates primarily in North America, with an extensive network of facilities supporting diverse markets across the region.
Azz Inc

NYSE:AZZ

AZZ Rankings

AZZ Stock Data

2.69B
29.22M
2.01%
93.99%
1.66%
Specialty Business Services
Coating, Engraving & Allied Services
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United States
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