Azz Inc Stock Price, News & Analysis

AZZ Inc. (NYSE: AZZ), North America's leading provider of hot-dip galvanizing and coil coating solutions, has successfully completed the repricing of its $400 million Senior Secured Revolving Line of Credit. The repricing brings significant reductions in various financial terms:

• Interest rate margin decreased from 275-350 basis points to 175-275 basis points
• Commitment Fee reduced from 25-37.5 basis points to 20-30 basis points
• Letter of Credit Fees lowered from 425 basis points to 175-275 basis points

All adjustments are subject to leverage ratio step-downs. According to CFO Jason Crawford, this repricing will result in substantially lower interest costs through the facility's maturity.

AZZ, North America's leading provider of hot-dip galvanizing and coil coating solutions, has announced its participation in two major investor conferences. Jason Crawford, CFO, and David Nark, SVP of Marketing, Communications, and Investor Relations, will attend the 17th Annual Evercore ISI Industrial Conference on March 4, 2025, in New York City, and the 37th Annual Roth Conference from March 16-18, 2025, in Laguna Beach, California.

The company's management will conduct one-on-one investor meetings during both events. AZZ provides sustainable metal coating solutions that enhance the longevity and appearance of essential buildings, products, and infrastructure. Interested investors can schedule meetings through Evercore ISI or Roth representatives.

AZZ Inc. (NYSE: AZZ), North America's leading provider of hot-dip galvanizing and coil coating solutions, has announced its participation in two major investor conferences in February 2025. David Nark, Senior Vice President of Marketing, Communications, and Investor Relations, will represent the company at:

1. Citi's 2025 Global Industrial Technology and Mobility Conference (February 17-20) at the Ritz Carlton South Beach Hotel, Miami

2. J.P. Morgan Global High Yield & Leveraged Finance Conference (February 24-26) at the Loews Miami Beach Hotel, Miami, with a presentation scheduled for February 24 at 5:15 p.m. Eastern

Management will host one-on-one investor meetings during both events. Virtual participation will not be available for the February 24 presentation. Interested investors can arrange meetings through designated conference contacts.

AZZ Inc. (NYSE: AZZ) has released its financial guidance for fiscal year 2026 (March 1, 2025 - February 28, 2026), projecting sales of $1.625 - $1.725 billion and adjusted EBITDA of $360 - $400 million. The company expects adjusted diluted EPS of $5.50 - $6.10.

Key guidance assumptions include $15-$18 million in equity income from minority interest, operational status of the new Washington, Missouri plant in first half FY2026, reduced capital expenditures of $60-$80 million, and planned debt reduction of $140-$180 million. The company targets a debt-to-leverage ratio between 1.5 to 2.5 times, with expected interest expense of $60-$70 million.

Metal Coatings EBITDA range is projected at 27% to 32%, while Precoat Metals EBITDA range will maintain at 17% to 22%. The company aims to focus on sustainable organic growth, M&A opportunities, and strong free cash flow generation.

AZZ Inc. (NYSE: AZZ), North America's leading provider of hot-dip galvanizing and coil coating solutions, has announced key leadership changes effective March 1, 2025. Jeff Vellines will assume the role of President and Chief Operating Officer of the Precoat Metals business segment, while Kurt Russell will transition to Senior Vice President and Chief Strategic Officer.

Vellines, who joined Precoat Metals in 2011, has served in various leadership positions including Director of Strategic Planning, Vice President of Sales, and Senior Vice President of Commercial Operations. His background includes leadership roles at Roll Coater and Material Sciences , complemented by a B.A. in Communications from the University of Illinois and an MBA from Northwestern's Kellogg School of Management.

The restructuring aims to support AZZ's aggressive growth objectives in the coatings space, with Russell's extensive industry experience being leveraged in his new strategic role.

AZZ Inc. (NYSE: AZZ) has declared a quarterly cash dividend of $0.17 per share for the third quarter of fiscal year 2025. The dividend will be paid on February 20, 2025, to shareholders of record as of January 30, 2025.

As the leading independent provider of hot-dip galvanizing and coil coating solutions, AZZ maintains its commitment to regular quarterly cash dividends, though future payments will be subject to Board review and approval based on various factors including operating results, financial condition, and business outlook.

AZZ Inc. reported strong Q3 FY2025 results with total sales reaching $403.7 million, up 5.8% year-over-year. The company's performance was driven by growth in both segments: Metal Coatings sales increased 3.3% to $168.6 million, while Precoat Metals sales grew 7.6% to $235.1 million.

Net income rose 25% to $33.6 million, with adjusted diluted EPS of $1.39, up 16.8%. The company achieved an Adjusted EBITDA of $90.7 million, representing 22.5% of sales. Notable financial improvements include a $35 million debt reduction in Q3 and $80 million year-to-date, resulting in a net leverage ratio of 2.6x.

Based on strong performance, AZZ narrowed and raised its FY2025 guidance, projecting sales of $1.550-1.600 billion and adjusted EBITDA of $340-360 million.

AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions, has rescheduled its third quarter fiscal year 2025 financial results conference call to Wednesday, January 8, 2025, at 11:00 a.m. ET. The change is due to the New York Stock Exchange closure on January 9, 2025, for a National Day of Mourning honoring former President Jimmy Carter.

The company will release its Q3 FY2025 financial results after market close on Tuesday, January 7, 2025. Interested parties can join the conference call via phone or webcast, with a replay available through January 15, 2025.

AZZ Inc. (NYSE: AZZ), a leading provider of hot-dip galvanizing and coil coating solutions, has scheduled its Q3 FY2025 earnings conference call for January 9, 2025, at 11:00 a.m. ET. The company will release its financial results after market close on January 8, 2025.

Investors can join the call by dialing (844) 855-9499 (domestic) or (412) 317-5497 (international). A webcast will be available on AZZ's Investor Relations page. A replay will be accessible through January 16, 2025, using access code 2492585.