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AZZ Inc. - $AZZ STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect AZZ's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of AZZ's position in the market.

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AZZ Inc. (NYSE: AZZ), a leader in hot-dip galvanizing and coil coating solutions in North America, announced the appointment of Jason Crawford as Chief Financial Officer (CFO) effective June 3, 2024. Crawford has over 20 years of senior-level accounting and finance experience, notably with Boston Scientific and Precoat Metals. He holds an MBA from Washington University in St. Louis and a BA in Accounting from the University of Abertay, Scotland. The former CFO, Philip Schlom, will remain as a consultant to ensure a smooth transition. CEO Tom Ferguson praised Crawford's finance acumen and experience, emphasizing the importance of internal career development at AZZ.

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AZZ Inc. (NYSE: AZZ), a leader in hot-dip galvanizing and coil coating solutions in North America, has announced the participation of David Nark, Senior VP of Marketing, Communications, and Investor Relations, in two key conferences in June 2024.

The first event, the Stifel Cross Sector Insight Conference, will take place on June 4-5, 2024, at The InterContinental Boston in Boston, Massachusetts, where AZZ will host one-on-one meetings on June 4.

The second event is the 14th Annual East Coast IDEAS Conference, set for June 12-13, 2024, at Jay Conference – Bryant Park in New York City, New York. AZZ will present at 2:45 pm Eastern on June 13, 2024, followed by one-on-one meetings.

Interested investors can schedule meetings by contacting Sandy Martin or Phillip Kupper with Three Part Advisors.

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AZZ Inc. announced its participation in the Oppenheimer 19th Annual Industrial Growth Conference and B. Riley Financial 24th Annual Institutional Investor Conference in May 2024. David Nark, Senior Vice President, Marketing, Communications, and Investor Relations will represent the company. The Oppenheimer conference will be held from May 6-9, 2024, while the B. Riley conference will take place on May 22-23, 2024.

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AZZ Inc. announced the closing of a public offering of 4.6 million shares of common stock, generating gross proceeds of $322 million. The offering included the full exercise of the underwriters' option to buy an additional 600,000 shares. The net proceeds will be used to redeem the Company's 6.0% Series A Convertible Preferred Stock.

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AZZ Inc. announces the pricing of its public offering of 4,000,000 shares of common stock at $70.00 per share, totaling $280,000,000 in gross proceeds. The offering grants the underwriters an option to purchase an additional 15% of the shares. The proceeds will be used for redeeming preferred stock and general corporate purposes. The offering is set to close on April 30, 2024.
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AZZ Inc. (NYSE: AZZ) announces a proposed public offering of 4.0 million shares of common stock, with an option for additional shares. The company plans to use the proceeds to redeem its 6.0% Series A Convertible Preferred Stock. The offering is subject to market conditions and underwritten by Evercore ISI, Jefferies, Baird, Wells Fargo Securities, Wolfe | Nomura Alliance, and Roth Capital Partners.
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AZZ Inc. achieved record full-year sales, profitability, and cash flow in fiscal year 2024. Total sales reached $1,537.6 million, up 16.2% from the previous year. Metal Coatings sales were $656.2 million, up 3.0%, and Precoat Metals sales were $881.4 million, up 28.4%. Diluted EPS increased by 48.5% to $3.46, and adjusted EPS rose by 34.8% to $4.53. Net income surged by 53.2% to $101.6 million, with adjusted net income up by 39.5% to $132.8 million. Adjusted EBITDA reached $333.6 million, representing 21.7% of sales. Cash from operations rose to $244.5 million, while debt decreased by $115.0 million, resulting in a net leverage of 2.9x. In the fourth quarter of 2024, total sales were $366.5 million, up 8.9% year-over-year, with notable growth in both Metal Coatings and Precoat Metals segments.
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AZZ Inc. announced an upward revision in financial guidance for fiscal year 2025, with sales projected at $1.525 - $1.625 billion, Adjusted EBITDA at $310 - $360 million, and Adjusted Diluted EPS at $4.50 - $5.00. The guidance excludes future acquisitions and includes equity income from minority interest in a subsidiary. CEO Tom Ferguson expressed confidence in the company's performance.
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AZZ Inc. to Review Q4 and Fiscal Year 2024 Financial Results in Conference Call
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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.

NYSE:AZZ

AZZ Rankings

AZZ Stock Data

2.50B
24.44M
2.43%
91.55%
1.43%
Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
Wholesale Trade
Link
United States of America
FORT WORTH

About AZZ

welcome to the official linked in page of azz incorporated. azz is a specialty electrical equipment manufacturer and provider of highly engineered services to the global power generation, industrial, transmission and distribution markets, as well as a leading provider of hot dip galvanizing services to the north american steel fabrication market. we offer products through two distinct business segments; the energy segment and the galvanizing segment. within the energy segment, our product portfolio includes custom switchgear, electrical enclosures, medium and high voltage ducts, hazardous and specialty lighting, and tubular products. we are also a leading third party supplier of safety related equipment to the nuclear industry, as well as a leading specialty repair and overhaul solution provider to industrial and utility markets worldwide. our galvanizing services segment provides hot dip galvanizing to the steel fabrication industry through our extensive network of thirty-six faciliti