AZZ Inc. - AZZ STOCK NEWS

AZZ Inc. (NYSE: AZZ) has secured a significant contract to supply 125 Battery Energy Storage System enclosures for a major energy storage facility in North America. The delivery of these lithium-ion enclosures is set to commence in the second half of 2022, with project completion projected for June 2023. This award highlights AZZ's expertise in providing quality solutions in the energy sector, reflecting its commitment to advancing carbon-free initiatives.

AZZ Inc. has announced the acquisition of Sequa Corporation's Precoat Metals division for approximately $1.28 billion, which adjusts to $1.13 billion after tax benefits. Precoat, the leading independent provider of metal coil coating solutions in North America, generated $700 million in revenue and $137 million in adjusted EBITDA for 2021. The acquisition aligns with AZZ's strategy to enhance its metal coatings offering, expecting to be accretive to earnings in the first year. AZZ also raised its fiscal 2022 revenue guidance to $890 million to $910 million.

AZZ Inc. (NYSE: AZZ) announced its agreement to acquire DAAM Galvanizing Co. Ltd., a leading hot-dip galvanizing company in Canada. DAAM has a 60-year reputation for quality and safety. The acquisition is expected to enhance AZZ’s metal coating operations, increasing its galvanizing network to 42 sites across North America. AZZ anticipates the acquisition will be accretive to earnings within the first year. The integration will expand AZZ's geographical coverage in Canada, with investments in Calgary to support customers.

AZZ Inc. (NYSE: AZZ), a global provider of galvanizing and metal coating solutions, will present at the Sidoti Winter Virtual Investor Conference on January 20, 2022, at 10:45 a.m. ET. CFO Philip Schlom and SVP David Nark will represent the company. A webcast of the presentation will be available on the Company's Investor Relations page. The company is also hosting virtual one-on-one meetings during the event, with interested investors encouraged to reach out for arrangements.

AZZ Inc. (NYSE: AZZ) announced a third-quarter cash dividend of $0.17 per share, payable on February 8, 2022, to shareholders on record by January 25, 2022. The company is committed to enhancing shareholder value, with dividends reviewed individually. AZZ provides metal coating solutions, welding solutions, and specialty electrical equipment for various markets, including power generation and industrial sectors. The company remains focused on operational results and financial conditions while acknowledging potential risks from market fluctuations and the ongoing COVID-19 pandemic.

AZZ Inc. reported its third-quarter fiscal 2022 results, showing a 2.3% year-over-year sales growth to $231.7 million. Net income reached $21.1 million, or $0.85 per diluted share, reflecting an 11.8% increase in diluted EPS. The Metal Coatings segment thrived, with sales of $133.4 million, up 15.4%. However, the Infrastructure Solutions segment faced challenges, reporting a 11.4% sales decline to $98.4 million. AZZ reaffirmed its annual sales guidance between $865 million and $925 million.

AZZ Inc. (NYSE: AZZ) has announced the acquisition of Steel Creek Galvanizing Company, located in Blacksburg, South Carolina. The deal aims to enhance AZZ's galvanizing capabilities in the Southeast, increasing its total operations to 40 galvanizing plants across North America. The new facility features one of the largest galvanizing kettles in the U.S., supporting large steel structures for critical infrastructure. AZZ anticipates the acquisition will be accretive to earnings within the first year, strengthening its market position and expanding its customer service footprint.

AZZ Inc. (NYSE: AZZ), a leader in galvanizing and metal coating solutions, will hold a conference call to discuss its third-quarter fiscal year 2022 financial results on January 10, 2022, at 11:00 a.m. ET. The press release detailing the financial results will be issued before the market opens on the same day. AZZ serves diverse markets including power generation and industrial sectors, providing vital infrastructure solutions.

AZZ Inc. (NYSE: AZZ), a leader in galvanizing and metal coating solutions, announced its participation in the Southwest IDEAS Investor Conference on November 17, 2021, at 4:45 p.m. ET. CFO Philip Schlom and SVP David Nark will present at the event in Dallas, Texas. The presentation will be accessible via live webcast on AZZ's Investor Relations page and the conference website. Investors can arrange one-on-one meetings with management during the event. The IDEAS conferences aim to connect quality companies with investment professionals.