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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect AZZ's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of AZZ's position in the market.
Rhea-AI Summary
AZZ Inc. announces participation in upcoming investor conferences, including Sidoti Small Cap Conference and 36th Annual Roth Conference. David Nark and Tom Ferguson to represent the company. Sidoti Conference on March 13-14, 2024, and Roth Conference on March 18-19, 2024.
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End-of-Day
0.01%
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Rhea-AI Summary
AZZ Inc. announces participation in investor conferences with key executives, offering one-on-one meetings for interested investors. The events include Citi 2024 Global Industrial Technology and Mobility Conference on February 20 and J.P. Morgan Global High Yield & Leveraged Finance Conference on February 26, 2024, both in Miami, Florida.
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Rhea-AI Sentiment
End-of-Day
3.48%
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Rhea-AI Summary
AZZ Inc. provides financial guidance for fiscal year 2025 and reaffirms guidance for fiscal year 2024. Sales, adjusted EBITDA, and adjusted diluted EPS are all expected to increase in FY 2025. Management's outlook reflects confidence in the company's performance.
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End-of-Day
0.62%
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AZZ Inc. (NYSE: AZZ) has announced a third quarter cash dividend of $0.17 per share on the Company's outstanding shares of common stock. The dividend is payable on February 7, 2024, to shareholders of record as of January 30, 2024. The company plans to pay regular quarterly cash dividends for the foreseeable future, with future dividends subject to review and discretion by the Board of Directors. AZZ remains committed to enhancing shareholder value based on various factors, including operating results, financial condition, and business outlook.
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End-of-Day
1.1%
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Rhea-AI Summary
AZZ Inc. (NYSE: AZZ) announced financial results for the third quarter ended November 30, 2023, showing growth in sales, profits, and cash flow. Total sales were $381.6 million, up 2.2%, with Metal Coatings sales of $163.2 million, up 3.1%, and Precoat Metals sales of $218.4 million, up 1.6%. Diluted EPS was $0.92, up 55.9% versus the prior year, and Adjusted EPS was $1.19, up 52.6%. Net income was $26.9 million, up 45.8%, and Adjusted net income was $34.8 million, up 78.3%. Adjusted EBITDA was $86.4 million or 22.6% of sales, versus the prior year of $68.9 million or 18.5% of sales. AZZ also reduced debt by $25.0 million in the quarter, resulting in net leverage of 3.1x.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.42%
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Rhea-AI Summary
AZZ Inc. (NYSE: AZZ) successfully repriced its $400 million Senior Secured Revolver due May 2027, reducing the interest rate margin across all leveraged-based pricing tiers. The repricing will result in significantly lower interest costs through the maturity of the facility.
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Rhea-AI Sentiment
End-of-Day
1.51%
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Rhea-AI Summary
AZZ Inc. (NYSE: AZZ) will conduct a conference call to review the financial results for the third quarter fiscal year 2024 at 11:00 a.m. ET on Wednesday, January 10, 2024. The Company will issue a press release reporting third quarter financial results after the market closes on January 9, 2024. Interested parties can access the conference call by dialing (844) 855-9499 or (412) 317-5497 (international) or via webcast on the Company's Investor Relations page at http://www.azz.com/investor-relations. A replay of the call will be available through January 17, 2024, or by visiting http://www.azz.com/investor-relations for the next 12 months.
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Rhea-AI Sentiment
End-of-Day
1.84%
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AZZ Inc. (NYSE: AZZ) announced that David Nark, Senior Vice President, Marketing, Communications, and Investor Relations, will present at the 19th Annual Noble Capital Markets Emerging Growth Equity Conference on December 4, 2023, at 1:00 p.m. ET. The presentation will be available via high-definition video webcast on the Company's website, Noble Capital Markets' Conference website, and Channelchek.com. Investors can schedule one-on-one meetings with AZZ's management during the event.
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Rhea-AI Sentiment
End-of-Day
0.92%
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Rhea-AI Summary
AZZ Inc. (NYSE: AZZ) announces Senior VP David Nark's presentation at the 15th Annual Southwest IDEAS Conference on November 15, 2023, at 8:40 a.m. CT. The presentation will be webcast and accessible through the conference host's website and AZZ's Investor Relations page. One-on-one investor meetings will also be held.
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Rhea-AI Sentiment
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1.52%
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Rhea-AI Summary
AZZ Inc. to present at Baird Global Industrial Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
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AZZ Inc.
NYSE:AZZ
AZZ Rankings
AZZ Stock Data
2.23B
24.44M
2.43%
91.55%
1.43%
Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
Wholesale Trade
United States of America
FORT WORTH
About AZZ
welcome to the official linked in page of azz incorporated. azz is a specialty electrical equipment manufacturer and provider of highly engineered services to the global power generation, industrial, transmission and distribution markets, as well as a leading provider of hot dip galvanizing services to the north american steel fabrication market. we offer products through two distinct business segments; the energy segment and the galvanizing segment. within the energy segment, our product portfolio includes custom switchgear, electrical enclosures, medium and high voltage ducts, hazardous and specialty lighting, and tubular products. we are also a leading third party supplier of safety related equipment to the nuclear industry, as well as a leading specialty repair and overhaul solution provider to industrial and utility markets worldwide. our galvanizing services segment provides hot dip galvanizing to the steel fabrication industry through our extensive network of thirty-six faciliti