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. (NYSE: AZZ) is publicly described as the leading independent provider of hot-dip galvanizing and coil coating solutions to a broad range of end-markets in North America. The AZZ news feed on Stock Titan aggregates company press releases and related coverage so readers can follow how its metal coating businesses, capital allocation decisions, and strategic initiatives develop over time.
Recent AZZ news has highlighted quarterly financial results, including segment performance for Metal Coatings, Precoat Metals, and Infrastructure Solutions. These updates detail sales trends, adjusted EBITDA margins, and the impact of infrastructure-driven project spending in construction, industrial, and electrical transmission and distribution end-markets. News items also discuss how conditions in building construction, HVAC, appliance, transportation, and container markets influence the Precoat Metals segment.
Investors following AZZ’s news can track announcements about cash dividends on common stock, including changes to the dividend rate, as well as share repurchases, debt reduction, and amendments to the company’s credit agreement. The company’s communications also cover distributions from its AVAIL joint venture and subsequent changes in that investment following asset sales.
Beyond earnings and balance sheet developments, AZZ issues news about conference calls, analyst days, and participation in investor conferences focused on industrials, leveraged finance, and metals and steel. These events provide additional context around the company’s strategy and outlook. For users interested in AZZ stock, the news page offers a centralized view of financial results, dividend declarations, financing updates, and investor relations activities.
AZZ Inc. achieved record financial results for fiscal year 2023, reporting sales of $1.32 billion, a 20.5% year-over-year increase. Adjusted EPS reached $3.48 and adjusted EBITDA was $267 million, representing 20.2% of sales. The company reaffirmed its fiscal year 2024 guidance, projecting sales between $1.40 billion and $1.55 billion and adjusted EBITDA of $300-$325 million. The Metal Coatings segment delivered record sales of $637 million with an adjusted EBITDA margin of 29.7%, while Precoat Metals achieved $686.7 million in sales. The company also improved its net leverage and returned $22.7 million to shareholders through dividends.
AZZ Inc. (NYSE: AZZ) will hold a conference call on April 26, 2023, at 11:00 a.m. ET to discuss financial results for the fourth quarter and full fiscal year 2023. The company will release its financial results after the market closes on April 25, 2023. Interested parties can join the call by calling (844) 855-9499 or (412) 317-5497 for international access. A webcast will be available on the company's Investor Relations page. A replay will be accessible until May 3, 2023, using the replay code 8060817. AZZ Inc. specializes in hot-dip galvanizing and coil coating solutions, serving essential markets across North America.
AZZ Inc. (NYSE: AZZ), a leader in hot-dip galvanizing and coil coating solutions, announced a fourth quarter cash dividend of $0.17 per share, payable on May 17, 2023, to shareholders of record as of April 26, 2023.
The company aims to continue regular quarterly cash dividends, subject to Board approval based on financial performance and outlook. AZZ Inc. provides essential metal coating solutions across various markets, emphasizing sustainability and product longevity.
AZZ Inc. (NYSE: AZZ), a leader in hot-dip galvanizing and coil coating in North America, will present at the Sidoti Small Cap Virtual Investor Conference on March 22, 2023, at 12:15 p.m. ET. The presentation will be led by CFO Philip Schlom and David Nark, Senior VP of Marketing, Communications, and Investor Relations. A webcast will be accessible on the Company's Investor Relations page, with a replay available post-event. Investors can schedule one-on-one meetings during the conference.
AZZ Inc. (NYSE: AZZ) has reiterated its fiscal year 2023 guidance while providing a financial outlook for fiscal year 2024, which begins March 1, 2023. For FY2023, sales are expected between $1.27 billion and $1.35 billion, with adjusted EBITDA ranging from $245 million to $275 million and adjusted diluted EPS of $3.20 to $3.60. Looking towards FY2024, projections include sales of $1.40 billion to $1.55 billion, adjusted EBITDA of $300 million to $325 million, and adjusted diluted EPS of $3.85 to $4.35. The company aims to enhance operational efficiency and drive growth through a new coil coating plant in Missouri.
AZZ Inc. (NYSE: AZZ) has announced a third quarter cash dividend of
AZZ Inc. reported third-quarter results for fiscal 2023, achieving sales of $373.3 million and a consolidated adjusted EPS of $0.88. Excluding discontinued operations, revenue showed strong growth in both segments, with Metal Coatings up 17.2% and Precoat Metals up 14.8%. The company raised its FY2023 adjusted EPS guidance to $4.05 - $4.25. Additionally, net leverage improved by 0.9x to 3.4x LTM EBITDA, attributed to strong operating cash flow and debt reduction of $230.3 million.
AZZ Inc. (NYSE: AZZ), a top provider of hot-dip galvanizing and coil coating solutions, will hold a conference call on January 10, 2023, to discuss its third quarter fiscal year 2023 financial results. The press release detailing the financial results will be issued after market closure on January 9, 2023. This conference call will be accessible via phone and will also be available as a webcast on the Company’s Investor Relations page.
AZZ Inc. (NYSE: AZZ) will present at the Sidoti Small Cap Virtual Investor Conference on December 7, 2022, at 12:15 p.m. ET. Philip Schlom, CFO, and David Nark, SVP of Marketing, will lead the presentation from Fort Worth, Texas. A webcast will be accessible on their Investor Relations page, with a replay available post-event. Management will also conduct virtual one-on-one meetings throughout the conference. AZZ is a top independent provider of hot-dip galvanizing and coil coating solutions in North America.
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