AZZ INC
Business
AZZ Inc. is a North American provider of hot-dip galvanizing and coil coating solutions for corrosion protection and aesthetic enhancement of steel and aluminum products. The company offers hot-dip galvanizing, spin galvanizing, powder coating, anodizing, plating, and coil coating services through its Metal Coatings and Precoat Metals segments, serving construction, HVAC, appliance, transportation, and industrial fabrication markets. AZZ also holds a substantial non-controlling interest in AVAIL Infrastructure Solutions, which provides electrical equipment and weld overlay services for power transmission and industrial infrastructure.
Summary from 10-K filed 2026-04-22
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2026 2026-02-28 | FY 2025 2025-02-28 | FY 2024 2024-02-29 | FY 2023 2023-02-28 | FY 2022 2022-02-28 |
|---|---|---|---|---|---|---|
| Sales | 1,650 | 1,578 | 1,538 | 1,324 | 526 | |
| Cost of sales | 1,255 | 1,195 | 1,174 | 1,028 | 379 | |
| Gross margin | 395 | 383 | 363 | 296 | 146 | |
| Selling, general and administrative | 130 | 146 | 142 | 122 | 67 | |
| Operating income | 265 | 236 | 222 | 174 | 79 | |
| Interest expense, net | −56 | −81 | −107 | −89 | −6 | |
| Equity in earnings of unconsolidated subsidiaries | 210 | 16 | 15 | 3 | 0 | |
| Other income (expense), net | 2 | −562,000 | 161,000 | 1 | 175,000 | |
| Income before income taxes | 420 | 171 | 130 | 89 | 73 | |
| Income tax expense | 103 | 42 | 28 | 22 | 23 | |
| Net income | 317 | 129 | 102 | −53 | 84 | |
| Series A Preferred Stock Dividends | 0 | −1 | −14 | −8 | 0 | |
| Redemption premium on Series A Preferred Stock | 0 | −75 | 0 | 0 | — | |
| Net income available to common shareholders | 317 | 52 | 87 | −61 | 84 | |
| Basic earnings per common share (usd per share) | 10.59 | 1.8 | 3.48 | −2.47 | 3.38 | |
| Diluted earnings per common share (usd per share) | 10.5 | 1.79 | 3.46 | −2.45 | 3.35 | |
| Weighted average number common shares, basic (shares) | 30 | 29 | 25 | 25 | 25 | |
| Weighted average number common shares, diluted (shares) | 30 | 29 | 25 | 25 | 25 | |
| Cash dividends declared per common share (usd per share) | 0.77 | 0.68 | 0.68 | 0.68 | 0.68 |
Consolidated Balance Sheet
| Concept | Trend | FY 2026 2026-02-28 | FY 2025 2025-02-28 | FY 2024 2024-02-29 | FY 2023 2023-02-28 | FY 2022 2022-02-28 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 705,000 | 1 | 4 | 3 | 12 | |
| Trade accounts receivable, net of allowance for credit losses of $144 and $419 at February 28, 2026 and February 28, 2025, respectively | 143 | 135 | 142 | 156 | 85 | |
| Other receivables | 19 | 13 | 16 | 27 | — | |
| Inventories | 113 | 112 | 118 | 144 | — | |
| Contract assets | 113 | 107 | 79 | 79 | 3 | |
| Prepaid expenses and other | 7 | 7 | 8 | 8 | 2 | |
| Total current assets | 395 | 375 | 367 | 417 | 387 | |
| Property, plant and equipment, net | 609 | 593 | 542 | 499 | 193 | |
| Right-of-use assets | 60 | 26 | 24 | 26 | — | |
| Goodwill | 715 | 704 | 705 | 703 | 190 | |
| Deferred tax assets | 1 | 4 | 6 | 12 | 3 | |
| Intangible assets, net | 410 | 422 | 445 | 469 | 39 | |
| Other assets | 3 | 4 | 8 | 10 | — | |
| Total assets | 2,213 | 2,227 | 2,196 | 2,221 | 1,133 | |
| Accounts payable | 115 | 106 | 88 | 84 | 25 | |
| Income taxes payable | 387,000 | 602,000 | 172,000 | 272,000 | 4 | |
| Accrued salaries and wages | 34 | 38 | 31 | 26 | 17 | |
| Other accrued liabilities | 75 | 68 | 69 | 70 | 13 | |
| Lease liability, short-term | 9 | 8 | 7 | 6 | 3 | |
| Total current liabilities | 232 | 221 | 194 | 187 | 151 | |
| Long-term debt, net | 478 | 852 | 953 | 1,058 | 226 | |
| Lease liability, long-term | 52 | 19 | 18 | 21 | 11 | |
| Deferred tax liabilities | 74 | 43 | 39 | 41 | 48 | |
| Other long-term liabilities | 41 | 46 | 58 | 61 | 5 | |
| Total liabilities | 876 | 1,182 | 1,261 | 1,368 | 466 | |
| Commitments and contingencies (Note 22) | — | — | — | — | — | |
| Common stock, $1 par value; 100,000 shares authorized; 29,880 and 29,913 shares issued and outstanding at February 28, 2026 and February 28, 2025, respectively | 30 | 30 | 25 | 25 | 25 | |
| Capital in excess of par value | 431 | 418 | 103 | 93 | 86 | |
| Retained earnings | 884 | 609 | 576 | 506 | 584 | |
| Accumulated other comprehensive loss | −8 | −12 | −4 | −5 | −27 | |
| Total shareholders' equity | 1,337 | 1,045 | 701 | 620 | 667 | |
| Total liabilities and shareholders' equity | 2,213 | 2,227 | 2,196 | 2,221 | 1,133 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2026 2026-02-28 | FY 2025 2025-02-28 | FY 2024 2024-02-29 | FY 2023 2023-02-28 | FY 2022 2022-02-28 |
|---|---|---|---|---|---|---|
| Net income | 317 | 129 | 102 | — | — | |
| Bad debt expense (recovery) | −78,000 | 5 | −67,000 | −58,000 | 100,000 | |
| Depreciation and amortization | 90 | 82 | 79 | 75 | 32 | |
| Deferred income taxes | 33 | 8 | 5 | 7 | 3 | |
| Equity in earnings of unconsolidated entities | −210 | −16 | −15 | −3 | 0 | |
| Distribution on investment in AVAIL joint venture | 273 | 13 | 3 | 0 | 0 | |
| Restructuring charges | 4 | 0 | 0 | — | 0 | |
| Net gain on sale of property, plant and equipment | −4 | −368,000 | 61,000 | −1 | 666,000 | |
| Amortization of debt financing costs | 13 | 13 | 12 | 11 | 455,000 | |
| Share-based compensation expense | 15 | 13 | 10 | 8 | 9 | |
| Changes in current assets and current liabilities | 597,000 | 17 | 54 | −67 | −32 | |
| Changes in other long-term assets and long-term liabilities | −6 | −13 | −5 | −6 | −3 | |
| Net cash provided by operating activities | 525 | 250 | 244 | — | 86 | |
| Purchase of property, plant and equipment | −81 | −116 | −95 | −57 | −24 | |
| Acquisition of subsidiaries, net of cash acquired | −30 | 0 | 0 | −1,283 | −61 | |
| Proceeds from sale of property, plant and equipment | 6 | 886,000 | 55,000 | 4 | 3 | |
| Proceeds from return of investment on the AVAIL JV | 14 | 0 | 0 | — | — | |
| Net cash used in investing activities | −91 | −115 | −95 | — | −87 | |
| Proceeds from issuance of common stock | 4 | 311 | 2 | 2 | 3 | |
| Redemption of Series A Preferred Stock | 0 | −309 | 0 | 0 | — | |
| Tax payments related to common stock issued under stock-based plans | −5 | −5 | −2 | −3 | −2 | |
| Payments on Revolving Credit Facility | −706 | −326 | −314 | −362 | −248 | |
| Payments on Securitization Loan Debt | 20 | 0 | 0 | — | — | |
| Payments of debt financing costs | −2 | −2 | −2 | −420 | 0 | |
| Payments on long-term debt and finance leases | 538 | 111 | 50 | — | — | |
| Repurchase and retirement of treasury stock | −20 | 0 | 0 | 0 | −31 | |
| Payments of dividends | −23 | −23 | −31 | −23 | −17 | |
| Net cash used in financing activities | −434 | −139 | −148 | — | 912,000 | |
| Effect of exchange rate changes on cash | −625,000 | 922,000 | 13,000 | 505,000 | 158,000 | |
| Net increase (decrease) in cash and cash equivalents | −783,000 | −3 | 2 | −12 | 245,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is AZZ INC's CIK number?
AZZ INC's SEC CIK number is 0000008947 (8947). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find AZZ INC's SEC filings?
All of AZZ INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did AZZ INC last report earnings?
AZZ INC (AZZ) most recently filed an earnings 8-K with the SEC on Jul 8, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000008947-26-000163). This is AZZ INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is AZZ INC's most recent earnings 8-K?
AZZ INC's latest earnings 8-K (Item 2.02) was filed Jul 8, 2026 under accession 0000008947-26-000163. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View AZZ INC's latest earnings 8-K →
Look up any company's CIK number →