Azz Inc Stock Price, News & Analysis

AZZ Inc. (NYSE: AZZ) will discuss its second quarter fiscal 2023 financial results during a conference call on October 11, 2022, at 11:00 a.m. ET. A press release with the financial details will be issued before the market opens on the same day. The company provides metal coating solutions, coil coating solutions, welding solutions, and specialty electrical equipment. Further information can be accessed on their Investor Relations page.

Veritas Capital has entered into a definitive agreement to acquire Sequa Corporation, the parent company of Chromalloy, from Carlyle. Financial terms were not disclosed. Sequa, based in Palm Beach Gardens, FL, specializes in solutions for aircraft engines and gas turbines through Chromalloy, a leader in aftermarket services. The acquisition is expected to close in Q4 2022. The partnership aims to leverage technology and innovation to enhance Chromalloy's offerings and expand its customer relationships, following the earlier sale of Precoat Metals to AZZ Inc.

AZZ Inc. (NYSE: AZZ), a global provider of metal coating solutions, will present at the 13th Annual Midwest IDEAS Conference on August 25, 2022, at 12:45 p.m. CT in Chicago, IL. David Nark, Senior VP of Marketing, Communications, and Investor Relations, will represent the company. A webcast of the presentation will be accessible on the Company's Investor Relations page, with a replay available post-event. Additionally, management will hold one-on-one investor meetings. Interested investors can contact Lacey Wesley for arrangements.

AZZ Inc. announced its participation in the Jefferies Industrial Conference on August 9, 2022, at 2:00 p.m. ET. David Nark, Senior Vice President of Marketing and Investor Relations, will present the company's highlights. The event will be held in Fort Worth, Texas. A webcast of the presentation will be available on the Investor Relations page, along with a replay after the event. Investors can also schedule one-on-one meetings with management during the conference.

AZZ Inc. (NYSE: AZZ) reported strong financial results for Q1 FY2023, ending May 31, 2022. Sales rose to $314.4 million, up 36.8% from the previous year, with diluted earnings per share increasing 9.1% to $0.96. Net income reached $24.1 million, with EBITDA of $54.2 million, up 26.8%. The Metal Coatings segment performed notably, contributing $160.8 million in sales, while the newly acquired Precoat Metals segment generated $43.7 million in sales.

Management anticipates second-quarter sales between $485 million and $510 million.

AZZ Inc. (NYSE: AZZ) has announced a cash dividend of $0.17 per share for the first quarter of fiscal year 2023. The dividend will be paid on August 2, 2022, to shareholders on record as of July 19, 2022. The company continues to prioritize enhancing shareholder value, with future dividends subject to Board approval based on various operational and financial factors. AZZ specializes in metal coating solutions, welding solutions, and specialty electrical equipment across numerous markets, ensuring a broad impact from its offerings.

AZZ Inc. (NYSE: AZZ), a provider of galvanizing and metal coating solutions, will conduct a conference call to discuss its first quarter fiscal year 2023 financial results on July 11, 2022, at 11:00 a.m. ET. A press release with the financial results will be issued before the market opens on the same day. Investors can access the call via phone or a webcast on the company’s Investor Relations page. The replay will be available until July 18, 2022. AZZ serves various markets including power generation and industrial sectors, focusing on corrosion protection and infrastructure solutions.

AZZ has entered a definitive agreement to divest a 60% stake in its Infrastructure Solutions Segment to Fernweh Group for an enterprise value of $300 million. The transaction, expected to close by the end of 2022, will yield approximately $228 million in cash for AZZ. This move supports AZZ's transformation into a focused metal coatings company, while also retaining a 40% interest in the joint venture, allowing participation in AIS's future growth. AIS generated around $375 million in sales for fiscal 2022, underscoring its strong market position.

AZZ Inc. (NYSE: AZZ), a leading provider of galvanizing and metal coating solutions, announced its participation in the East Coast IDEAS Virtual Investor Conference on June 23, 2022. David Nark, Senior Vice President, will present, with the webcast available at 6:00 a.m. ET on June 22, 2022. Investors can also arrange one-on-one meetings with management on June 23. AZZ specializes in solutions for critical infrastructure across power generation, transmission, and industrial markets, addressing the needs for corrosion protection and electrical equipment.