AZZ Inc. Announces New Share Repurchase Program

Rhea-AI Summary

AZZ (NYSE: AZZ) announced a new 2026 Share Repurchase Program on January 30, 2026, authorizing up to $100 million to buy back common stock. The program runs in addition to a prior $100 million authorization, with approximately $33.2 million remaining under the prior program.

As of November 30, 2025, AZZ had about 30.0 million shares outstanding. Repurchases may be made via open market purchases, private transactions, or Rule 10b5-1 plans and are intended primarily to offset dilution from employee equity grants.

Positive

• Board approved a new $100 million share repurchase authorization
• Repurchases intended to offset employee equity dilution over time
• Approximately 30.0 million shares outstanding as of November 30, 2025

Negative

• Company cannot predict timing, amount, or whether repurchases will occur
• Repurchases depend on future market conditions and legal constraints such as Rule 10b5-1

News Market Reaction – AZZ

+2.75%

1 alert

+2.75% News Effect

On the day this news was published, AZZ gained 2.75%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

New repurchase authorization: $100 million Prior authorization: $100 million Remaining prior capacity: $33.2 million +1 more

4 metrics

New repurchase authorization $100 million 2026 Share Repurchase Program capacity

Prior authorization $100 million Prior Repurchase Program approved November 10, 2020

Remaining prior capacity $33.2 million Available under Prior Repurchase Program as of Q3 FY2026

Shares outstanding 30.0 million shares Common stock issued and outstanding as of November 30, 2025

Market Reality Check

Price: $123.78 Vol: Volume 167,982 vs 20-day ...

normal vol

$123.78 Last Close

Volume Volume 167,982 vs 20-day average 157,516 (relative volume 1.07x) shows only modest pickup ahead of the news. normal

Technical Price $124.29 is trading above the 200-day MA at $103.8 and sits 2.81% below the 52-week high of $127.88.

Peers on Argus

Key peers in Specialty Business Services were also positive, with UNF up 3.56%, ...

Key peers in Specialty Business Services were also positive, with UNF up 3.56%, FA up 4.41%, and others like CBZ, ABM, MMS gaining 1–3%. Scanner data did not flag a coordinated sector momentum move.

Previous Buybacks Reports

1 past event · Latest: Apr 28 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
Apr 28	Share repurchase update	Positive	+1.9%	Recommencement of $100M buyback with remaining capacity and 10b5-1 plan.

Pattern Detected

Prior buyback-related news coincided with a positive share price reaction.

Recent Company History

In late April 2025, AZZ announced the recommencement of a $100 million share repurchase program, noting $53.2 million of capacity remaining and use of a Rule 10b5-1 plan. The stock rose about 1.94% over the following 24 hours. Today’s new repurchase authorization extends that capital return theme alongside already strong operating and cash flow metrics highlighted in recent filings.

Historical Comparison

+1.9% avg move · Historically, AZZ’s buyback announcements (1 event) saw an average 1.94% positive move, suggesting i...

buybacks

+1.9%

Average Historical Move buybacks

Historically, AZZ’s buyback announcements (1 event) saw an average 1.94% positive move, suggesting investors have previously welcomed capital return updates.

The company has moved from recommencing a $100M repurchase program in 2025 to approving a new $100M authorization in 2026, signaling ongoing use of buybacks within its capital allocation framework.

Market Pulse Summary

This announcement adds a new $100 million repurchase authorization alongside remaining capacity from...

Analysis

This announcement adds a new $100 million repurchase authorization alongside remaining capacity from the prior program, embedding buybacks into AZZ’s capital allocation framework. Historically, a similar buyback update was followed by a modest positive move of about 1.94%. Investors may track actual repurchase activity, valuation near the 52-week high, and ongoing insider trading plans when evaluating the impact over time.

Key Terms

rule 10b-18, rule 10b5-1 trading plans, exchange act, safe harbor, +2 more

6 terms

rule 10b-18 regulatory

"in accordance with applicable federal securities laws, including Rule 10b-18 under the Securities Exchange Act"

Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.

rule 10b5-1 trading plans regulatory

"could include repurchases pursuant to Rule 10b5-1 trading plans, which allows stock repurchases"

Rule 10b5-1 trading plans are written, pre-arranged instructions that allow company insiders (such as executives or directors) to automatically buy or sell their company's stock at specified times or under set conditions, like a standing instruction or automated thermostat for trades. They matter to investors because these plans provide a legal defense against insider‑trading accusations and create predictable insider trading patterns that can help signal whether sales are routine portfolio management or potentially meaningful to the company’s outlook.

exchange act regulatory

"under the Securities Exchange Act of 1934 (the "Exchange Act") and could include repurchases"

A federal law that sets rules for trading securities on public exchanges, requiring companies and market participants to register, disclose regular financial information, and follow standards that promote honest, orderly markets. For investors, it matters because it creates transparency and legal protections—like stopping insider trading and ensuring timely company disclosures—so you can evaluate risks and rely on consistent rules much as players rely on a referee to keep a game fair.

safe harbor regulatory

"constitute forward-looking statements for purposes of the safe harbor provisions of The Private"

Safe harbor is a rule that protects companies or individuals from legal trouble if they follow certain guidelines or procedures. It’s like having a safety net that allows them to act without fear of punishment, as long as they stick to the rules. This helps encourage honest behavior and clear standards in financial and legal activities.

forward-looking statements regulatory

"Certain statements herein about our expectations of future events or results constitute forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

the private securities litigation reform act of 1995 regulatory

"for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995"

A U.S. law that changed the rules for private lawsuits over alleged misstatements in securities, making it harder to file weak or purely speculative claims while preserving genuine investor rights. Think of it as tightening the gate for complaints: plaintiffs now must show specific facts to get a case started, companies get limited protection for forward-looking statements, and procedures for choosing lead plaintiffs and calculating damages are clarified — all of which affect litigation risk and company valuations.

AI-generated analysis. Not financial advice.

FORT WORTH, Texas, Jan. 30, 2026 /PRNewswire/ -- AZZ Inc., ("AZZ" or the "Company") (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions, today announced its Board of Directors approved a new stock repurchase program (the "2026 Share Repurchase Program"), effective immediately, under which up to $100 million of the Company's outstanding common stock may be acquired. The 2026 Share Repurchase Program is a complementary component of the Company's capital allocation framework and will primarily serve to offset the dilutive effect of equity grants to employees over time.

The 2026 Share Repurchase Program will run in tandem and will be in addition to the prior $100 million common stock repurchase authorization approved by the Board on November 10, 2020 (the "Prior Repurchase Program") and is substantially similar in all material respects to the Prior Repurchase Program.  As of the end of AZZ's third quarter of fiscal year 2026, which ended November 30, 2025, there were approximately 30.0 million shares of AZZ common stock issued and outstanding, and approximately $33.2 million remained available for repurchases under the Prior Repurchase Program.

Repurchases will be made through open market purchases, private transactions, or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 under the Securities Exchange Act of 1934 (the "Exchange Act") and could include repurchases pursuant to Rule 10b5-1 trading plans, which allows stock repurchases when the Company might otherwise be precluded from doing so.

Tom Ferguson, President and Chief Executive Officer of AZZ, commented, "We are pleased with the strong financial performance of our business this fiscal year. As a result of current market conditions, we believe that share repurchases at the current valuation are a good use of capital. The continuation of our stock repurchase program emphasizes the confidence that management has in the Company's solid operations and the strength of our balance sheet. We remain highly focused on executing our strategic growth initiatives while enhancing shareholder value."

AZZ cannot predict when, if, or the amount of shares of common stock it will repurchase pursuant to the 2026 Share Repurchase Program, as it will depend on a number of future factors, including constraints specified in any Rule 10b5-1 trading plans, the future market price of the Company's common stock, general business and market conditions, and alternative investment opportunities. Information regarding the share repurchases will continue to be available in AZZ's periodic reports on Form 10-Q and Form 10-K filed with the Securities and Exchange Commission as required by the applicable rules of the Exchange Act.

About AZZ Inc.

AZZ Inc. is the leading independent provider of hot-dip galvanizing and coil coating solutions to a broad range of end-markets. Collectively, our business segments provide sustainable, unmatched metal coating solutions that enhance the longevity and appearance of buildings, products and infrastructure that are essential to everyday life.

Safe Harbor Statement

Certain statements herein about our expectations of future events or results constitute forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by terminology such as "may," "could," "should," "expects," "plans," "will," "might," "would," "projects," "currently," "intends," "outlook," "forecasts," "targets," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology. Such forward-looking statements are based on currently available competitive, financial, and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain, and investors must recognize that actual results may differ from those expressed or implied in the forward-looking statements. Forward-looking statements speak only as of the date they are made and are subject to risks that could cause them to differ materially from actual results. Certain factors could affect the outcome of the matters described herein. This press release may contain forward-looking statements that involve risks and uncertainties including, but not limited to, changes in customer demand for our manufactured solutions, including demand by the construction markets, the industrial markets, and the metal coatings markets. We could also experience additional increases in production costs, due to inflation in labor costs, components and raw materials, including zinc and natural gas, which are used in our hot-dip galvanizing process and the paint used in our coil coating process; customer requested delays of our manufactured solutions; delays in additional acquisition opportunities; an increase in our debt leverage and/or interest rates on our debt, of which a significant portion is tied to variable interest rates; availability of experienced management and employees to implement AZZ's growth strategy; a downturn in market conditions in any industry relating to the manufactured solutions that we provide; economic volatility, including a prolonged economic downturn or macroeconomic conditions such as more inflation or changes in the political stability in the United States and other foreign markets in which we operate; tariffs, acts of war or terrorism inside the United States or abroad; and other changes in economic and financial conditions. AZZ has provided additional information regarding risks associated with the business, including in Part I, Item 1A. Risk Factors, in AZZ's Annual Report on Form 10-K for the fiscal year ended February 28, 2025, and other filings with the SEC, available for viewing on AZZ's website at www.azz.com and on the SEC's website at www.sec.gov.You are urged to consider these factors carefully when evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. These statements are based on information as of the date hereof and AZZ assumes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.

Company Contact:
David Nark, Chief Marketing, Communications, and Investor Relations
AZZ Inc.
(817) 810-0095
www.azz.com

Investor Contact:
Sandy Martin, Phillip Kupper
Three Part Advisors
(214) 616-2207
www.threepa.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/azz-inc-announces-new-share-repurchase-program-302675433.html

SOURCE AZZ, Inc.

FAQ

What did AZZ (AZZ) announce on January 30, 2026 about share repurchases?

AZZ announced a new $100 million share repurchase program effective immediately. According to the company, the program complements the prior $100 million authorization and aims to offset dilution from employee equity grants.

How much remaining capacity did AZZ have under its prior repurchase program before the 2026 authorization?

About $33.2 million remained available under the prior repurchase program. According to the company, the 2026 program is in addition to that prior authorization and is substantially similar in material respects.

How will the AZZ (AZZ) buyback affect shareholders and share count?

The buyback is expected to help offset dilution from employee equity grants and may reduce outstanding shares. According to the company, repurchases are a component of its capital allocation to enhance shareholder value over time.

When will AZZ (AZZ) repurchase shares under the 2026 program?

AZZ cannot predict the timing or amount of repurchases and may not repurchase any shares. According to the company, purchases will depend on factors like market price, business conditions, and Rule 10b5-1 constraints.

How will AZZ (AZZ) execute repurchases under the 2026 Share Repurchase Program?

Repurchases may be made via open market purchases, private transactions, or Rule 10b5-1 trading plans. According to the company, all repurchases will comply with applicable federal securities laws including Rule 10b-18 under the Exchange Act.