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 generates news across two distinct business segments with different operational rhythms. The Energy segment produces announcements related to electrical equipment contracts, nuclear industry certifications, and specialty service expansions, while the Galvanizing segment news typically covers facility acquisitions, capacity expansions, and market conditions affecting steel fabrication volumes. Quarterly earnings reports reveal how each segment performs under varying industrial and infrastructure spending conditions.
The company's acquisition activity provides regular news flow, as expanding the galvanizing facility network or adding capabilities to the Energy segment represents core growth strategies. Contract awards in electrical equipment manufacturing, particularly for large utility or industrial projects, signal backlog trends. News about the nuclear-qualified portion of the business carries particular significance given the limited number of certified suppliers serving this market.
Infrastructure spending policies, utility capital budgets, and construction activity levels all influence AZZ's business environment and generate relevant news context. Following the company's news provides insight into how manufacturers serving industrial and infrastructure markets navigate economic cycles, manage capital-intensive facility networks, and balance custom manufacturing with standardized service offerings.
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.
AZZ Inc. announced its participation in the Oppenheimer 19th Annual Industrial Growth Conference and B. Riley Financial 24th Annual Institutional Investor Conference in May 2024. David Nark, Senior Vice President, Marketing, Communications, and Investor Relations will represent the company. The Oppenheimer conference will be held from May 6-9, 2024, while the B. Riley conference will take place on May 22-23, 2024.
AZZ Inc. announced the closing of a public offering of 4.6 million shares of common stock, generating gross proceeds of $322 million. The offering included the full exercise of the underwriters' option to buy an additional 600,000 shares. The net proceeds will be used to redeem the Company's 6.0% Series A Convertible Preferred Stock.
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