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AZZ Inc - AZZ STOCK NEWS

Welcome to our dedicated news page for AZZ (Ticker: AZZ), a resource for investors and traders seeking the latest updates and insights on AZZ.

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.

News
AZZ Inc. Announces Proposed Public Offering of Common Stock
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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offering
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News
AZZ Inc. Reports Fourth Quarter and Fiscal Year 2024 Full Year Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.27%
Tags
earnings
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News
AZZ Inc. Raises Full Year Fiscal Year 2025 Guidance
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.21%
Tags
earnings
News
AZZ Inc. to Review Fourth Quarter and Fiscal Year 2024 Financial Results on Monday, April 22, 2024
Rhea-AI Summary
AZZ Inc. to Review Q4 and Fiscal Year 2024 Financial Results in Conference Call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.33%
Tags
earnings
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News
AZZ Inc. Announces Fiscal Year 2024 Fourth Quarter Cash Dividend of $0.17 per Share
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.33%
Tags
dividends earnings
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News
AZZ Inc. Announces CFO Succession Plan
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.88%
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none
News
AZZ Inc. Announces Successful Completion of Term Loan B Refinancing in Leverage-Neutral Transaction
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.64%
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none
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News
AZZ Inc. to Participate in the Sidoti Small Cap Conference and the 36th Annual Roth Conference in March 2024
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.01%
Tags
conferences
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News
AZZ Inc. to Participate in Citi's 2024 Global Industrial Tech and Mobility Conference and J.P. Morgan's Global High Yield & Leveraged Finance Conference
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.48%
Tags
conferences
News
AZZ Inc. Issues Fiscal Year 2025 Guidance and Reaffirms Previously Issued Fiscal Year 2024 Guidance
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.62%
Tags
earnings
Stock AZZ logo
AZZ Inc

NYSE:AZZ

AZZ Rankings

#1854 Ranked by Market Cap
#1059 Ranked by Stock Gains
#1884 Ranked by Dividends

AZZ Stock Data

1.91B
24.44M
2.43%
91.55%
1.43%
Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
Wholesale Trade
Link
US
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