AZZ INC PP&E Disclosure
| Leasehold improvements, buildings and structures | 10-27 years | ||||
| Machinery and equipment | 3-15 years | ||||
| Furniture and fixtures | 3-15 years | ||||
| Automotive equipment | 3-5 years | ||||
| Computers and software | 3-7 years | ||||
| As of | |||||||||||
| February 28, 2026 | February 28, 2025 | ||||||||||
| Land | $ | 55,652 | $ | 52,033 | |||||||
| Building and structures | 371,693 | 313,036 | |||||||||
| Machinery and equipment | 536,855 | 424,342 | |||||||||
| Furniture, fixtures, software and computers | 30,643 | 29,900 | |||||||||
| Automotive equipment | 2,864 | 2,688 | |||||||||
| Construction in progress | 45,580 | 153,145 | |||||||||
| 1,043,287 | 975,144 | ||||||||||
| Less accumulated depreciation | (433,982) | (382,203) | |||||||||
| Property, plant, and equipment, net | $ | 609,305 | $ | 592,941 | |||||||
| Year Ended | ||||||||||||||||||||
| February 28, 2026 | February 28, 2025 | February 29, 2024 | ||||||||||||||||||
| Cost of sales | $ | 65,349 | $ | 56,849 | $ | 53,035 | ||||||||||||||
| Selling, general and administrative | 1,624 | 2,245 | 2,428 | |||||||||||||||||
| Total depreciation expense | $ | 66,973 | $ | 59,094 | $ | 55,463 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Apr 22, 2026 | Showing above |
| 2025 | Apr 21, 2025 | |
| 2024 | Apr 22, 2024 | |
| 2023 | Apr 25, 2023 | |
| 2022 | Apr 22, 2022 | |
| 2021 | Apr 23, 2021 | |
| 2020 | Apr 29, 2020 | |
| 2019 | May 17, 2019 | |
| 2018 | May 15, 2018 | |
| 2017 | Apr 20, 2017 | |
| 2016 | Apr 21, 2016 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.