AZZ (AZZ) Company Report

AZZ achieved record sales of $425.7 million for the third quarter of fiscal 2026, marking a 5.5% increase from the prior year, and a record high trailing 12-month adjusted EBITDA of $358 million.
The Metal Coatings segment sales grew 15.7% year over year, driven by higher volumes and infrastructure demand, while Precoat Metals sales decreased 1.8% due to softer construction markets, partially offset by record food and beverage container demand.
The company updated its fiscal 2026 guidance, narrowing the ranges for total sales to $1.625-$1.7 billion, adjusted EBITDA to $360-$380 million, and adjusted diluted EPS to $5.90-$6.20.
AZZ generated $79.7 million in cash flow from operations, paid down $35 million in debt, and repurchased $20 million of stock during the third quarter, while maintaining a quarterly cash dividend of $0.20 per share.
The company is actively evaluating strategic tuck-in acquisitions and continues to see strong demand from infrastructure modernization, energy transition, and data center construction projects.

4 days ago

Transcript

AZZ Reports Record Q3 2026 Sales and Narrows Fiscal 2026 Guidance

AZZ

Earnings

Guidance Update

M&A

AZZ achieved record sales of $426 million in Q3 fiscal 2026, marking a 5.5% increase year-over-year, and a record high trailing 12-month adjusted EBITDA of $358 million.
The Metal Coatings segment's sales rose 15.7% year-over-year, while Precoat Metals sales declined 1.8% but showed sequential improvement, driven by record food and beverage container demand.
For fiscal 2026, AZZ narrowed its guidance, projecting sales of $1.625 billion to $1.7 billion, adjusted EBITDA of $360 million to $380 million, and adjusted diluted EPS of $5.90 to $6.20.
The company maintained its cash dividend of $0.20 per share and is actively evaluating strategic tuck-in acquisitions.
The Avail joint venture completed the sale of a majority interest in its welding solutions business, with equity and earnings from unconsolidated subsidiaries expected to be zero for Q4.

4 days ago

Transcript

AZZ Inc. Reports Record Q3 2026 Sales and Updates Fiscal 2026 Guidance

AZZ

Earnings

Guidance Update

Share Buyback

AZZ Inc. achieved record sales of $426 million in Q3 2026, representing a 5.5% increase year over year, and a record high trailing 12-month adjusted EBITDA of $358 million. Adjusted diluted EPS for the quarter was $1.52, an increase from $1.39 in the prior year's third quarter.
The company updated its fiscal 2026 guidance, narrowing the forecast ranges for total sales to $1.625-$1.7 billion, Adjusted EBITDA to $360-$380 million, and adjusted diluted EPS to $5.90-$6.20.
AZZ maintained its cash dividend of $0.20 per share and executed $20 million in stock repurchases during the quarter at an average price of $99.28 per share. The company ended the quarter with a net debt position of $534.7 million and a credit agreement net leverage ratio of 1.6 times.
The Metal Coatings segment's sales rose 15.7% year over year, while Precoat Metals sales were down 1.8% but showed sequential improvement. AZZ is also evaluating strategic tuck-in acquisitions to expand its market reach.

4 days ago

Transcript

AZZ Inc. Reports Q3 Fiscal Year 2026 Results and Narrows Guidance

AZZ

Earnings

Guidance Update

Share Buyback

AZZ Inc. reported Q3 Fiscal Year 2026 results with total sales of $425.7 million, a 5.5% increase year-over-year, and GAAP diluted EPS of $1.36, up 21.4%. Adjusted diluted EPS was $1.52, a 9.4% increase.
The Metal Coatings segment saw sales rise 15.7% to $195.0 million, driven by infrastructure projects, while Precoat Metals sales declined 1.8% to $230.7 million due to softer end markets.
The company strengthened its balance sheet, reducing debt by $35 million in the quarter and achieving a net leverage ratio of 1.6x. Additionally, $20.0 million was used to repurchase 201,416 shares of common stock.
Cash provided by operating activities increased 20% to $79.7 million for the quarter. Year-to-date, operating cash flow was $452.9 million, boosted by a $273.2 million distribution from the AVAIL JV.
AZZ Inc. narrowed its fiscal year 2026 guidance, projecting sales of $1.625 billion to $1.7 billion and Adjusted Diluted EPS of $5.90 to $6.20.

5 days ago

8-K

AZZ Reports Q3 FY2026 Results with Sales and EPS Growth, Narrows FY2026 Guidance

AZZ

Earnings

Guidance Update

Share Buyback

AZZ reported Q3 FY2026 sales of $425.7 million, a 5.5% increase over the prior year, with GAAP diluted EPS of $1.36 (up 21.4%) and Adjusted diluted EPS of $1.52 (up 9.4%).
The company narrowed its Fiscal Year 2026 guidance, projecting sales between $1.625 billion and $1.7 billion, Adjusted EBITDA between $360 million and $380 million, and Adjusted Diluted EPS between $5.90 and $6.20.
Metal Coatings sales increased by 15.7% to $195.0 million, while Precoat Metals sales decreased by 1.8% to $230.7 million.
AZZ strengthened its balance sheet, achieving a net leverage ratio of 1.6x and reducing debt by $35 million in the quarter, contributing to a year-to-date reduction of $325.4 million.
The company repurchased $20.0 million of common stock and paid a cash dividend of $0.20 per share during the quarter.

5 days ago

Press Release

AZZ Discusses Business Transformation and Growth Strategy

AZZ

M&A

Guidance Update

Dividends

AZZ has transformed into a pure-play metal coatings company, reporting a collective $1.6 billion top line and $392 million in EBITDA.
The company has significantly reduced its debt to EBITDA from 4.2 times to 1.7 times, ahead of schedule, and has resumed M&A activity, completing one bolt-on acquisition this year.
AZZ provided guidance for the current year, expecting sales between $1.625 billion-$1.725 billion, adjusted EBITDA of $360 million-$400 million, and adjusted EPS of $5.75-$6.25.
The company aims to achieve $2 billion in top-line revenue by 2028, and has increased its dividend for the first time since 2017, while also engaging in opportunistic share buybacks.

Nov 19, 2025, 7:20 PM

Transcript

AZZ Details Transformation to Pure-Play Metal Coatings Business, Financial Performance, and Future Growth Strategy

AZZ

M&A

Guidance Update

Dividends

AZZ has transformed into a pure-play metal coatings business, focusing on hot-dip galvanizing and roll coating (Precoat Metals), with both segments holding a #1 market share in North America.
The company reported combined sales of approximately $1.6 billion and EBITDA of $392 million. It has significantly reduced its debt leverage from 4.2x to 1.7x debt to EBITDA since the 2022 Precoat Metals acquisition, ahead of its 1.5-2.5x target range.
AZZ is targeting $2 billion in top line by 2028 and a 12% or greater ROIC. For the current fiscal year, guidance includes sales of $1.625 billion-$1.725 billion, adjusted EBITDA of $360 million-$400 million, and adjusted EPS of $5.75-$6.25.
The company is actively pursuing M&A opportunities, having completed one bolt-on acquisition this year, and has increased its dividend for the first time since 2017 while also opportunistically buying back shares.

Nov 19, 2025, 7:20 PM

Transcript

AZZ Discusses Strategic Transformation, Growth, and Financial Guidance

AZZ

Guidance Update

M&A

Dividends

AZZ has completed a strategic transformation into a pure-play metal coatings company, specializing in hot-dip galvanizing and coil coating, operating a "toll coating" business model where customers provide the steel and aluminum.
The company reported approximately $1.6 billion in sales and $392 million in EBITDA , with a long-term goal to reach $2 billion in top line by 2028 and expects to outperform GDP with high single to low double-digit top-line growth.
AZZ has significantly strengthened its balance sheet, reducing its debt to EBITDA ratio from 4.2 times to 1.7 times, which is comfortably within its target range of 1.5-2.5 times.
The company has re-engaged in M&A, completing one bolt-on galvanizing acquisition this year and evaluating 13 targets under NDA, while also raising its dividend for the first time since 2017 and implementing a 10b5-1 for opportunistic share buybacks.
For the current fiscal year, AZZ's guidance includes sales of $1.625 billion-$1.725 billion, adjusted EBITDA of $360 million-$400 million, and adjusted EPS of $5.75-$6.25.

Nov 19, 2025, 7:20 PM

Transcript

AZZ Inc. Reports Strong TTM Performance and Provides FY2026 Guidance

AZZ

Guidance Update

M&A

New Projects/Investments

AZZ Inc. reported trailing twelve-month (TTM) sales of ~$1.59 billion and TTM Adjusted EBITDA of $392 million (24.6% margin) as of August 31, 2025, solidifying its position as North America's leading independent post-fabrication metal coatings solutions company.
For fiscal year 2026, the company projects sales between $1.625 billion and $1.725 billion, Adjusted EBITDA between $360 million and $400 million (with EBITDA expected in the lower half of the range), and Adjusted EPS from $5.75 to $6.25.
The company's capital allocation strategy includes maintaining net leverage within a target range of 1.5x to 2.5x, with current net leverage at 1.7x as of August 31, 2025, and a debt reduction of $355.4 million in the trailing twelve-month period.
AZZ increased its dividend by 17.6% to $0.20 per share on June 26, 2025, and completed the acquisition of Canton Galvanizing on July 1, 2025.
Strategic investments include a $125 million new coil coating facility in Washington, Missouri, anticipated to be operational in the first half of FY2026 and accretive to earnings in the second half of FY2026.

Oct 17, 2025, 8:23 PM

8-K

AZZ Reports Q2 2026 Results and Reaffirms FY 2026 Guidance

AZZ

Earnings

Guidance Update

Share Buyback

AZZ reported total sales of $417.3 million for Q2 2026, a 2% increase from the prior year, with adjusted diluted EPS rising 13.1% to $1.55. Operating cash flow improved by 23%.
The Metal Coatings segment led growth with a 10.88% sales increase, driven by higher volumes and infrastructure spending, while Precoat Metals' sales declined 4.3% due to weaker end-market conditions and tariff impacts.
The company reiterated its fiscal year 2026 guidance, projecting sales between $1.625 billion and $1.725 billion, adjusted EBITDA in the lower half of $360 million to $400 million, and adjusted diluted EPS of $5.75 to $6.25.
AZZ significantly reduced interest expense by $8.2 million year-over-year in Q2 2026 through debt paydown and a new accounts receivable securitization facility, and plans for $20 million in share buybacks.

Oct 9, 2025, 3:00 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for AZZ.

Q3 2026

Jan 8, 2026

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Q2 2026

Oct 9, 2025

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Q1 2026

Jul 10, 2025

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View All Transcripts

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AZZ (AZZ)

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