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 reported second-quarter fiscal 2021 results, showing adjusted EPS of $0.49 and net income of $13 million, despite a reported loss of $1.8 million. Sales reached $203.4 million, down 13.9% year-over-year. The Metal Coatings segment held steady with sales of $117 million, while Infrastructure Solutions faced a 22.5% drop in sales to $86.3 million. The company completed refinancing of $150 million in notes, expecting $2.5 million annual interest savings. Guidance remains suspended due to ongoing COVID-19 impacts.
AZZ Inc. (NYSE: AZZ) has announced the promotion of Gary Hill to Chief Operating Officer of Infrastructure Solutions, as part of a strategic focus shift from its Energy Segment. Hill, who joined AZZ in 2013 and previously led the Industrial platform, aims to enhance the Infrastructure Solutions segment through consolidation of Electrical Systems and Industrial operations. This change follows the earlier appointment of Bryan Stovall as COO of the Metal Coatings segment. The company continues to provide metal coating and electrical solutions for critical infrastructure.
AZZ Inc. (NYSE: AZZ), a global provider of metal coating services, has announced a quarterly cash dividend of $0.17 per share. This dividend is set for payment on November 04, 2020, to shareholders recorded by October 21, 2020. The company expresses its commitment to maintain regular dividends based on its financial condition and operating results. AZZ operates within the power generation and industrial markets, providing metal coatings and welding solutions.
AZZ Inc. (NYSE: AZZ) will hold a conference call at 11:00 a.m. ET on October 13, 2020, to discuss its second quarter fiscal year 2021 financial results. A press release will be issued before the market opens on the same day. The call can be accessed by dialing (844) 855-9499 or (412) 317-5497 internationally. Interested parties can also join via the webcast on the Company's Investor Relations page. AZZ specializes in metal coating services and solutions for the power generation and industrial markets.
AZZ Inc. (NYSE: AZZ), a global provider of metal coating services and engineering solutions, announced its participation in Sidoti's Fall 2020 Investor Conference. CEO Tom Ferguson, Interim CFO Philip Schlom, and Senior VP David Nark will present on September 23, 2020, at 1:00 p.m. ET via a virtual platform. A webcast will be available on the company's Investor Relations page, with a replay accessible after the event. Additionally, institutional investors can schedule one-on-one meetings on September 24, 2020.
AZZ Inc. (NYSE: AZZ), a leader in metal coating and engineering solutions, announced its participation at CL King's 18th Annual Best Ideas 2020 Conference on September 16, 2020, at 2:45 p.m. ET. The presentation will be led by CEO Tom Ferguson, Interim CFO Philip Schlom, and SVP David Nark, and will be available via webcast on the Company’s Investor Relations page. Additionally, management will hold one-on-one meetings with institutional investors throughout the day. Investors interested in meetings can contact Lytham Partners.
AZZ Inc. (NYSE: AZZ) announced the successful divestiture of its Galvabar business on July 21, 2020. This decision, made by CEO Tom Ferguson, allows AZZ to focus on its core Metal Coatings operations while freeing up capital previously dedicated to plant capacity. Although the specific terms of the transaction were not disclosed, the divestiture aligns with AZZ's strategy to invest in its remaining businesses and indicates a partnership with CMC, a leader in the metals industry. This move is expected to benefit Galvabar's workforce and customers.
AZZ Inc. (NYSE: AZZ) announced key management promotions on July 8, 2020. Bryan Stovall has been appointed Chief Operating Officer of the Metal Coatings Segment, overseeing both Galvanizing and Surface Technologies across North America. David Nark has been promoted to Senior Vice President of Strategic Marketing, Communications, and Investor Relations, tasked with enhancing communication and investor relations. Stovall's leadership is expected to drive growth in the Metal Coatings segment, while Nark's experience is anticipated to strengthen stakeholder relationships.
AZZ Inc. (NYSE: AZZ), a global provider of metal coating services, announced a quarterly cash dividend of $0.17 per share on outstanding common stock. The dividend will be payable on August 3, 2020, to shareholders of record as of July 20, 2020. While AZZ plans to continue regular dividends, future payments will be reviewed on a case-by-case basis at the Board's discretion. The company's commitment to enhancing shareholder value will depend on its operating results and financial condition.
AZZ Inc. (NYSE: AZZ) will host a conference call on July 9, 2020, at 11:00 a.m. ET to discuss its first quarter fiscal year 2021 financial results. A press release will precede the call, detailing its earnings. Interested participants can access the call by dialing (844) 855-9499 or (412) 317-5497 (international), with a webcast available on the Investor Relations page. AZZ provides metal coating, welding solutions, and specialty electrical equipment across the power generation and industrial markets.
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