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.
AZZ Inc. (NYSE: AZZ) is publicly described as the leading independent provider of hot-dip galvanizing and coil coating solutions to a broad range of end-markets in North America. The AZZ news feed on Stock Titan aggregates company press releases and related coverage so readers can follow how its metal coating businesses, capital allocation decisions, and strategic initiatives develop over time.
Recent AZZ news has highlighted quarterly financial results, including segment performance for Metal Coatings, Precoat Metals, and Infrastructure Solutions. These updates detail sales trends, adjusted EBITDA margins, and the impact of infrastructure-driven project spending in construction, industrial, and electrical transmission and distribution end-markets. News items also discuss how conditions in building construction, HVAC, appliance, transportation, and container markets influence the Precoat Metals segment.
Investors following AZZ’s news can track announcements about cash dividends on common stock, including changes to the dividend rate, as well as share repurchases, debt reduction, and amendments to the company’s credit agreement. The company’s communications also cover distributions from its AVAIL joint venture and subsequent changes in that investment following asset sales.
Beyond earnings and balance sheet developments, AZZ issues news about conference calls, analyst days, and participation in investor conferences focused on industrials, leveraged finance, and metals and steel. These events provide additional context around the company’s strategy and outlook. For users interested in AZZ stock, the news page offers a centralized view of financial results, dividend declarations, financing updates, and investor relations activities.
AZZ Inc. (NYSE: AZZ) has reiterated its fiscal year 2023 guidance while providing a financial outlook for fiscal year 2024, which begins March 1, 2023. For FY2023, sales are expected between $1.27 billion and $1.35 billion, with adjusted EBITDA ranging from $245 million to $275 million and adjusted diluted EPS of $3.20 to $3.60. Looking towards FY2024, projections include sales of $1.40 billion to $1.55 billion, adjusted EBITDA of $300 million to $325 million, and adjusted diluted EPS of $3.85 to $4.35. The company aims to enhance operational efficiency and drive growth through a new coil coating plant in Missouri.
AZZ Inc. (NYSE: AZZ) has announced a third quarter cash dividend of
AZZ Inc. reported third-quarter results for fiscal 2023, achieving sales of $373.3 million and a consolidated adjusted EPS of $0.88. Excluding discontinued operations, revenue showed strong growth in both segments, with Metal Coatings up 17.2% and Precoat Metals up 14.8%. The company raised its FY2023 adjusted EPS guidance to $4.05 - $4.25. Additionally, net leverage improved by 0.9x to 3.4x LTM EBITDA, attributed to strong operating cash flow and debt reduction of $230.3 million.
AZZ Inc. (NYSE: AZZ), a top provider of hot-dip galvanizing and coil coating solutions, will hold a conference call on January 10, 2023, to discuss its third quarter fiscal year 2023 financial results. The press release detailing the financial results will be issued after market closure on January 9, 2023. This conference call will be accessible via phone and will also be available as a webcast on the Company’s Investor Relations page.
AZZ Inc. (NYSE: AZZ) will present at the Sidoti Small Cap Virtual Investor Conference on December 7, 2022, at 12:15 p.m. ET. Philip Schlom, CFO, and David Nark, SVP of Marketing, will lead the presentation from Fort Worth, Texas. A webcast will be accessible on their Investor Relations page, with a replay available post-event. Management will also conduct virtual one-on-one meetings throughout the conference. AZZ is a top independent provider of hot-dip galvanizing and coil coating solutions in North America.
A ZZ Inc. will present at the 14th Annual Midwest IDEAS Conference on November 17, 2022, at 8:00 a.m. CT in Dallas, Texas. David Nark, Senior Vice President of Marketing, Communications and Investor Relations, will represent the company, known as a leading provider of hot-dip galvanizing and coil coating solutions in North America. A webcast will be available on the company's Investor Relations page, and one-on-one investor meetings can be arranged by contacting Lacey Wesley.
AZZ Inc. plans to build a new aluminum coil coating facility in Washington, Missouri, near St. Louis, expected to be operational by 2025. The facility will boost capacity by over 120 million pounds annually, with 75% of the volume already secured through long-term customer contracts. Projected sales of at least $60 million by 2026 are anticipated, supported by existing credit facilities and lease agreements. The development will create over 80 jobs and is a strategic move for AZZ's growth in the coatings market.
AZZ Inc. (NYSE: AZZ), the leading provider of hot-dip galvanizing and coil coating solutions, will present at the Baird 2022 Global Industrial Conference. The presentation is scheduled for November 9, 2022, at 2:55 p.m. CT in Chicago, IL. This conference runs from November 8-10, 2022, featuring over 250 companies across various sectors including industrial services and chemicals. Management will also hold one-on-one meetings for investors. For more information, contact Lytham Partners.
AZZ reported record sales of $406.7 million and an adjusted EPS of $1.24 for Q2 FY2023, marking a 63.2% increase year-over-year. Despite these gains, the company faced a net loss of $(58.6) million due to divesting its AIS JV. The Metal Coatings segment demonstrated strong performance with $165.8 million in sales, while the Precoat Metals segment achieved $240.9 million. AZZ is maintaining a positive outlook despite economic slowdown signs. Cash and cash equivalents stand at $14.3 million after a significant divestiture.
AZZ Inc. (NYSE: AZZ), a key player in hot-dip galvanizing and metal coating solutions, has announced a cash dividend of $0.17 per share, payable on November 1, 2022. Shareholders recorded by October 18, 2022 will receive the payout. The company emphasizes its commitment to regular dividends, although future payments will depend on operating results and financial conditions. AZZ provides essential corrosion protection services and coatings to various industries, reflecting its role in enhancing shareholder value.