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) announced its participation in the Sidoti & Company 2022 Summer Small Cap Virtual Investor Conference on June 15, 2022, at 1:45 p.m. ET. Senior Vice President, David Nark, will present key insights into the company’s galvanizing and metal coating solutions, along with its electrical equipment and engineered services. A live webcast will be accessible on the company's Investor Relations page, with a replay available later. Investors can also request one-on-one meetings during the conference.
AZZ Inc. has completed its acquisition of Precoat Metals, a division of Sequa Corporation, for approximately $1.28 billion. Precoat is a leading provider of metal coil coating solutions in North America, generating $700 million in sales and $137 million in adjusted EBITDA for the year ending December 31, 2021. This acquisition strengthens AZZ's position in the coatings market, expected to drive growth and profitability as they integrate Precoat into their operations. The move aligns with AZZ's strategy to expand their metal coatings offering and enhance operational scale.
AZZ Inc. (NYSE: AZZ), based in FORT WORTH, Texas, is set to present at the Oppenheimer 17th Annual Industrial Growth Conference on May 4, 2022, at 10:30 AM ET. David Nark, Senior Vice President of Marketing, Communications, and Investor Relations, will lead the presentation. Virtual one-on-one meetings will also be held the same day. AZZ provides various solutions, including metal coating, welding, and specialty electrical equipment, primarily serving power generation, transmission, and industrial sectors.
AZZ Inc. announced on April 25, 2022, its plan to launch a $1.3 billion First Lien Senior Term Loan, known as the 2022 Term Loan B, to refinance existing debt and facilitate the acquisition of Sequa's Precoat Metals division for $1.28 billion. The financial strategy includes a $400 million Revolving Credit Facility and a proposed $240 million investment from Blackstone, contingent on the acquisition's closure. The financing aims to optimize the Company’s debt structure while supporting its growth in galvanizing and metal coating solutions.
AZZ Inc. (NYSE: AZZ) reported its Fiscal Year 2022 results, achieving 35 consecutive years of profitability. The company earned diluted EPS of $3.35, with net income at $84 million and sales of $902.7 million, up 7.6% year-over-year. The Metal Coatings segment saw a 13.4% sales increase to $519 million, with adjusted operating income rising by 19.3%. The Infrastructure Solutions segment reported modest sales growth of 0.7%. Upcoming acquisition of Precoat Metals is expected to bolster future performance. Cash from operations decreased by 6.5% to $86 million.
AZZ Inc. (NYSE: AZZ), a leading provider of galvanizing and metal coating solutions, will conduct a conference call on April 22, 2022, at 11:00 a.m. ET to discuss its financial results for Q4 and fiscal year 2022. A press release detailing these results will be available before market opening on the same day. The company serves various markets including power generation and industrial sectors, and offers services like hot dip galvanizing and welding solutions. Interested parties can access the call via phone or webcast.
AZZ Inc. (NYSE: AZZ) declared a fourth-quarter cash dividend of $0.17 per share, payable on May 17, 2022, to shareholders of record by April 26, 2022. The company aims to maintain regular quarterly dividends, subject to Board approval, and considers factors like operating results and financial condition. AZZ provides metal coating solutions, welding solutions, and specialty electrical equipment across various markets, emphasizing its commitment to enhancing shareholder value.
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.