Azz Inc Stock Price, News & Analysis

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.

AZZ Inc (NYSE: AZZ), North America's leading provider of hot-dip galvanizing and coil coating solutions, has announced its participation in three major conferences this December 2024. David Nark, Senior VP of Marketing, Communications and Investor Relations, will represent the company at:

- Noble Capital Markets' 20th Annual Emerging Growth Conference in Boca Raton (Dec 3-4), featuring a presentation and one-on-one meetings
- Wolfe Research 2nd Annual Reshoring Conference (Dec 9-10) with virtual one-on-one meetings
- Roth Deer Valley Conference (Dec 12-13) with one-on-one meetings

AZZ Inc (NYSE: AZZ), North America's leading provider of hot-dip galvanizing and coil coating solutions, has released its 2024 Sustainability Report. The report highlights the company's progress in environmental, social, and governance (ESG) initiatives and its dedication to protecting critical infrastructure. CEO Tom Ferguson emphasized AZZ's 70-year legacy in creating safer, sustainable solutions through metal coating innovations.

The company's sustainability efforts have earned recognition from notable publications, with AZZ being featured in Newsweek's 'America's Most Responsible Companies 2024' and Forbes' 'America's Most Successful Small Companies in 2024' lists.

AZZ (NYSE: AZZ), North America's leading provider of hot-dip galvanizing and coil coating solutions, has announced its November 2024 investor conference schedule. The company will participate in three major events: the Baird Global Industrials Conference in Chicago on November 13, where CEO Tom Ferguson, CFO Jason Crawford, and SVP David Nark will present; the NYSE Industrials Day Conference on November 19, featuring virtual meetings with David Nark; and the Three Part Advisors Southwest IDEAS Conference on November 20-21, where David Nark will present and host meetings.

AZZ Inc. reported strong fiscal year 2025 second quarter results, with total sales up 2.6% to $409.0 million. The company saw growth in both its Metal Coatings and Precoat Metals segments. Net income increased 25.0% to $35.4 million, while adjusted EBITDA rose to $91.9 million or 22.5% of sales. AZZ reduced its debt by $20.0 million in the quarter and $45 million year-to-date, lowering its net leverage ratio to 2.7x.

The company has narrowed and raised its fiscal year 2025 financial guidance, now expecting sales of $1.525 - $1.625 billion and adjusted diluted EPS of $4.70 - $5.10. AZZ also repriced its Term Loan B, reducing the borrowing rate by 75 basis points to SOFR+2.50%.