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 repriced its $890 million Term Loan B. The repricing reduced the interest rate margin by 75 basis points to SOFR + 250 basis points, with no changes to leverage, covenants, or the May 13, 2029 maturity date. This leverage-neutral transaction is expected to result in annual interest savings of approximately $7 million.

Since the Term Loan B's issuance in May 2022, AZZ has reduced the interest rate margin by a total of 185 basis points. The company's strong business performance and cash flow generation have enabled it to take a disciplined approach to reducing debt, strengthening its balance sheet, and improving its leverage profile following the acquisition of Precoat Metals in May 2022.

AZZ Inc. (NYSE: AZZ), a leading provider of hot-dip galvanizing and coil coating solutions, has announced a conference call to review its second quarter fiscal year 2025 financial results. The call is scheduled for Thursday, October 10, 2024, at 11:00 a.m. ET. AZZ will release its Q2 financial results press release after market close on October 9, 2024.

Interested parties can join the conference call by dialing (844) 855-9499 or (412) 317-5497 for international callers. A webcast will be available on the company's Investor Relations page. A replay of the call will be accessible until October 17, 2024, via phone or the company's website.

AZZ Inc. specializes in providing metal coating solutions that enhance the longevity and appearance of buildings, products, and infrastructure essential to everyday life.

AZZ Inc. (NYSE: AZZ), North America's leading provider of hot-dip galvanizing and coil coating solutions, has announced its participation in two virtual equity conferences in September 2024. David Nark, Senior VP of Marketing, Communications, and Investor Relations, will represent AZZ at both events:

1. Sidoti Small Cap Conference on September 18-19, with one-on-one meetings on September 18th.

2. Noble Capital Markets' Basic Industries Equity Conference on September 25-26, with one-on-one meetings on both days.

Investors interested in meeting with AZZ can contact Three Part Advisors to schedule appointments.

AZZ Inc. (NYSE: AZZ), North America's leading provider of hot-dip galvanizing and coil coating solutions, has announced its participation in two virtual investor conferences in August 2024. David Nark, Senior VP of Marketing, Communications, and Investor Relations, will represent AZZ at both events:

1. Seaport Research Conference (August 20-21, 2024): AZZ will host one-on-one meetings on both days.

2. Granite Research Conference (August 22-23, 2024): AZZ will conduct small group meetings on August 22.

Investors interested in scheduling meetings with AZZ can contact Three Part Advisors representatives Sandy Martin or Phillip Kupper.

AZZ Inc. (NYSE: AZZ) reported strong financial results for the fiscal year 2025 first quarter ending May 31, 2024. The company recorded total sales of $413.2 million, a 5.7% increase year-over-year. Metal Coatings and Precoat Metals segments saw sales increase by 4.7% and 6.5%, respectively. Net income was $39.6 million, up 38.8%, while adjusted net income was $44.0 million, up 31.9%. The adjusted diluted EPS rose 28.1% to $1.46. EBITDA increased to $94.1 million, representing 22.8% of sales.

Cash flow from operations was $71.9 million, allowing for a debt reduction of $25 million. The company completed a secondary public offering for $308.7 million, using the proceeds to redeem Series A Preferred Stock, avoiding $14.4 million in future annual preferred dividends. FY2025 guidance remains unchanged, with expected sales between $1.525 and $1.625 billion and an adjusted diluted EPS of $4.50 to $5.00.

AZZ Inc. (NYSE: AZZ) announced a first quarter cash dividend of $0.17 per share for fiscal year 2025. The dividend will be payable on July 31, 2024, to shareholders recorded as of July 10, 2024. This move underscores AZZ's ongoing commitment to enhancing shareholder value through consistent dividend payments. The company, known for its hot-dip galvanizing and coil coating solutions, aims to maintain regular quarterly dividends, though future payments will be determined based on various factors including financial performance, business outlook, and operating results.

AZZ Inc. (NYSE: AZZ), a leading provider of hot-dip galvanizing and coil coating solutions, announced it will review its first-quarter fiscal year 2025 financial results on July 11, 2024, at 11:00 a.m. ET via a conference call. The results will be released after market close on July 10, 2024. Interested parties can join the call by dialing specified numbers or access the webcast on the company's Investor Relations page. A replay will be available until July 18, 2024, or for 12 months on the website. AZZ Inc. offers sustainable metal coating solutions across various markets, enhancing the durability and aesthetics of critical infrastructure.

AZZ Inc. (NYSE: AZZ), a leader in hot-dip galvanizing and coil coating solutions in North America, announced the appointment of Jason Crawford as Chief Financial Officer (CFO) effective June 3, 2024. Crawford has over 20 years of senior-level accounting and finance experience, notably with Boston Scientific and Precoat Metals. He holds an MBA from Washington University in St. Louis and a BA in Accounting from the University of Abertay, Scotland. The former CFO, Philip Schlom, will remain as a consultant to ensure a smooth transition. CEO Tom Ferguson praised Crawford's finance acumen and experience, emphasizing the importance of internal career development at AZZ.

AZZ Inc. (NYSE: AZZ), a leader in hot-dip galvanizing and coil coating solutions in North America, has announced the participation of David Nark, Senior VP of Marketing, Communications, and Investor Relations, in two key conferences in June 2024.

The first event, the Stifel Cross Sector Insight Conference, will take place on June 4-5, 2024, at The InterContinental Boston in Boston, Massachusetts, where AZZ will host one-on-one meetings on June 4.

The second event is the 14th Annual East Coast IDEAS Conference, set for June 12-13, 2024, at Jay Conference – Bryant Park in New York City, New York. AZZ will present at 2:45 pm Eastern on June 13, 2024, followed by one-on-one meetings.

Interested investors can schedule meetings by contacting Sandy Martin or Phillip Kupper with Three Part Advisors.