AZZ Inc.

Description

AZZ Inc. provides hot-dip galvanizing and coil coating solutions in North America. It offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries, as well as to fabricators or manufacturers that provide services to the transmission and distribution, bridge and highway, petrochemical, and general industrial markets; and original equipment manufacturers. It also provides aesthetic and corrosion protective coatings and related value-added services for steel and aluminum coil primarily serving the construction; appliance; heating, ventilation, and air conditioning; container; transportation; and other end markets. The company was incorporated in 1956 and is headquartered in Fort Worth, Texas.

About

CEO
Mr. Thomas E. Ferguson
Employees
3,873
Instrument type
Common Stock
Sector
Industrials
Industry
Specialty Business Services
MIC code
XNYS
Address
One Museum Place, Fort Worth, TX 76107, United States
Phone
817 810 0095
Website
Chart Image
× Enlarged Chart
Oscillators
No data available
Summary
No data available
Moving Averages
No data available

Earnings

Date Estimate EPS Actual EPS Difference % Surprise
Jan 5, 2026
Oct 7, 2025
Jul 9, 2025
Apr 21, 2025
Jan 8, 2025 1.25 1.39 0.14 11.20%

Earnings estimate

Current Quarter
(Feb 2025)
Next Quarter
(May 2025)
Current Year
(Feb 2025)
Next Year
(Feb 2026)
Number of analysts 7 5 8 8
Average estimate 1.02 1.56 5.22 5.86
Low estimate 0.93 1.48 5.11 5.77
High estimate 1.13 1.62 5.35 6.00
Last year EPS 0.93 1.46 4.53 5.22
[stock_revenue_estimate]

Growth estimates

Current qtr (Feb 2025)
9.370%
Next qtr. (May 2025)
7.120%
Current year (Feb 2025)
15.230%
Next year (Feb 2026)
12.330%
Next 5 years (per annum)
Past 5 years (per annum)

Analyst Ratings

Date Firm Action Rating Price Target
Dec 6, 2024
Jefferies
Laurence Alexander
Maintains Buy ▲ Raises $105 → $110
Jul 31, 2024
Wolfe Research
Timna Tanners
Initiates Peer Perform
Jul 23, 2024
Baird
Matthew Krueger
Initiates Neutral Announces $90
Jul 17, 2024
B. Riley Securities
Lucas Pipes
Maintains Buy ▲ Raises $89 → $99
Jun 14, 2024
Evercore ISI Group
Stephen Richardson
Initiates Outperform Announces $90
Jun 11, 2024
Noble Capital Markets
Michael Heim
Upgrade Outperform Announces $95
May 20, 2024
Jefferies
Laurence Alexander
Initiates Buy Announces $105
Apr 23, 2024
B. Riley Securities
Lucas Pipes
Maintains Buy ▲ Raises $67 → $85
Mar 22, 2024
Noble Capital Markets
Michael Heim
Downgrade Market Perform Announces $75
Aug 30, 2023
B. Riley Securities
Lucas Pipes
Initiates Buy Announces $64
Aug 21, 2023
Noble Capital Markets
Initiates Outperform
Jan 13, 2023
Stifel
Noelle Dilts
Downgrade Hold Announces $48
Sep 20, 2022
Stifel
Noelle Dilts
Maintains Buy ▼ Lowers $62 → $54
Nov 19, 2020
Stifel
Noelle Dilts
Upgrade Buy Announces $50
Apr 8, 2020
Sidoti & Co.
John Franzreb
Maintains Buy ▼ Lowers $60 → $48
Oct 29, 2018
Sidoti & Co.
Upgrade Buy
Jan 10, 2017
Stifel
Noelle Dilts
Upgrade Hold ▲ Raises $57 → $60
Jan 10, 2017
Stifel Nicolaus
Upgrade Hold
Dec 8, 2016
Stifel
Downgrade Sell
Dec 8, 2016
Stifel Nicolaus
Downgrade Sell
Mar 28, 2016
Stifel Nicolaus
Initiates Hold
Mar 28, 2016
Stifel
Initiates Hold
Jan 11, 2016
BB&T Capital
Downgrade Hold
Oct 12, 2015
Sidoti & Co.
Downgrade Neutral
Apr 4, 2014
DA Davidson
Maintains Buy ▲ Raises $50 → $53
Feb 25, 2013
D.A. Davidson
Upgrade Buy
Feb 25, 2013
DA Davidson
Upgrade Buy
Jan 25, 2013
BB&T Capital
Upgrade Buy
Oct 1, 2012
DA Davidson
Downgrade Neutral ▲ Raises $37.5 → $42

Income statement

2024 2023 2022 2021 2020
Fiscal date 2024-02-29 2023-02-28 2022-02-28 2021-02-28 2020-02-29
Total reported revenue 1.54B 1.32B 525.60M 480.57M 1.06B
Cost of revenue 1.17B 1.03B 379.45M 357.68M 824.59M
Gross profit 363.46M 295.94M 146.15M 122.90M 237.23M
Operating expense
Research & development
Selling general and admin 141.86M 122.31M 66.93M 59.32M 139.25M
Other operating expenses
Operating income 221.60M 173.64M 79.22M 63.58M 97.98M
Non operating interest income
Income
Expense 107.07M 88.80M 6.36M 9.46M 13.46M
Other income expense 15.57M 3.84M 175,000 -15.69M -19.62M
Pretax income 130.10M 88.68M 73.03M 38.43M 64.89M
Tax provision 28.50M 22.34M 23.21M 11.25M 16.66M
Net income 101.61M -52.97M 84.02M 39.61M 48.23M
Basic EPS 3.48 -2.47 3.38 1.53 1.84
Diluted EPS 3.46 -2.47 3.35 1.52 1.84
Basic average shares 25.04M 24.83M 24.86M 25.89M 26.21M
Diluted average shares 25.04M 24.83M 24.86M 25.89M 26.21M
EBITDA 316.59M 252.07M 111.48M 96.09M 147.18M
Net income from continuing op. 87.21M 58.10M 49.82M 27.18M 48.23M
Minority interests
Preferred stock dividends

Balance sheet

2024 2023 2022 2021 2020
Fiscal date 2024-02-29 2023-02-28 2022-02-28 2021-02-28 2020-02-29
Total assets 2.19B 2.22B 1.13B 999.23M 1.07B
Current assets
Cash
Cash equivalents
Cash and cash equivalents 4.35M 2.82M 12.08M 14.84M 36.69M
Other short term investments
Accounts receivable 142.25M 156.44M 85.11M 128.77M 139.21M
Other receivables 94.93M 106.24M 2.87M 61.37M 70.09M
Inventory 117.66M 143.92M 83.00M 93.82M 99.84M
Prepaid assets 3.47M 6.03M 8.73M
Restricted cash
Assets held for sale 201.90M 235,000
Hedging assets
Other current assets 7.81M 7.99M 1.58M 6.03M 8.73M
Non current assets
Properties 23.74M 26.39M 13.95M 37.80M 43.21M
Land and improvements 52.32M 52.32M 21.83M 21.44M 21.83M
Machinery furniture equipment 441.34M 423.45M 259.46M 288.44M 286.06M
Construction in progress 86.06M 24.68M 8.55M 26.22M 16.47M
Leases
Accumulated depreciation -339.26M -293.20M -251.46M -287.20M -274.10M
Goodwill 1.85B 1.87B 419.90M 799.19M 819.18M
Investment properties
Financial assets
Intangible assets 443.93M 467.89M 39.12M 91.43M 106.73M
Investments and advances 98.17M 84.76M
Other non current assets 14.04M 22.50M 309.68M 3.97M
Total liabilities 1.26B 1.37B 465.66M 375.94M 439.47M
Current liabilities
Accounts payable 88.00M 84.26M 24.84M 41.54M 61.99M
Accrued expenses 88.05M 74.76M 28.04M 47.66M 62.65M
Short term debt 6.66M 6.40M 3.29M 6.62M 131.33M
Deferred revenue 43.15M 18.22M 18.67M
Tax payable 4.18M 4.22M 6.08M 2.59M 5.97M
Pensions 7.42M 11.35M
Other current liabilities 88.28M
Non current liabilities
Long term debt 970.57M 1.08B 237.89M 211.05M 115.99M
Provision for risks and charges 2.84M 5.41M
Deferred liabilities 38.57M 40.54M 47.67M 39.28M 37.93M
Derivative product liabilities
Other non current liabilities 23.58M 24.73M 5.37M 8.97M 4.93M
Shareholders equity
Common stock 25.10M 24.91M 24.69M 25.11M 26.15M
Retained earnings 576.23M 506.04M 584.15M 547.29M 572.41M
Other shareholders equity -3.89M -4.57M -27.32M -25.08M -30.90M
Total shareholders equity 934.49M 853.46M 667.37M 623.29M 634.37M
Additional paid in capital 103.33M 93.36M 85.85M 75.98M 66.70M
Treasury stock
Minority interest

Cash flow statement

2024202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000199919981997199619951994199319921991
Operating Activities
Net Income87.21M58.10M49.82M27.18M48.23M51.21M45.17M61.26M75.54M65.62M59.60M60.46M40.74M34.96M37.73M42.21M27.69M21.60M7.83M4.81M4.26M8.62M7.80M8.17M6.59M4.87M7.20M4.30M2.60M1.60M2.20M1.10M1.20M1.50M
Depreciation79.42M74.59M32.08M32.09M50.19M50.25M50.53M50.36M47.42M46.09M43.31M29.36M22.59M22.17M17.43M14.53M8.20M6.66M5.72M5.65M5.73M6.56M6.35M5.84M4.77M3.63M3.00M2.70M2.20M1.80M1.70M1.30M1.40M1.20M
Deferred Taxes4.69M7.01M3.20M387,000-2.62M3.73M-20.64M1.71M1.96M16.22M842,0003.37M2.50M-3.38M-381,8405.57M-529,264-1.13M447,126735,869566,281763,855-265,807-301,133-380,599-79,306100,000-600,000200,000-200,000100,000200,000200,000300,000
Stock-Based Compensation9.51M8.38M9.45M7.33M6.29M4.66M6.12M5.87M4.54M4.08M3.70M3.18M2.93M3.15M2.31M1.84M
Other Non-Cash Items12.10M11.35M1.20M545,000538,000541,000595,0001.26M1.35M1.43M1.42M287,000320,209332,42438.03M281,076970,0971.46M307,896344,619580,831100,000100,000-100,000-200,000100,000100,000500,000
Accounts Receivable-26.55M-34.61M8.38M-1.01M-8.13M3.49M-4.91M-843,000-9.38M35.96M-11.60M-11.21M-1.27M26.82M-16.65M8.24M-22.24M-5.47M-4.54M6.61M3.63M497,661-1.91M-2.36M-529,056-2.50M-400,0002.00M-2.30M-900,000-1.10M300,000200,000
Accounts Payable-14.04M1.28M18.81M8.15M-1.17M1.54M1.25M-2.24M11.03M-4.15M958,0002.42M2.65M-5.80M755,889
Other Assets & Liabilities49.37M-93.48M-65.09M8.68M-21.17M2.50M-8.94M-162,0005.22M-17.19M-15.94M-2.51M3.01M-17.48M13.68M2.67M2.59M-7.12M1.95M-3.41M-914,2118.00M-2.66M393,7272.39M2.31M-7.90M1.80M1.20M-1.70M400,000700,000200,000-100,000
Operating Cash Flow242.30M25.36M-2.67M103.41M88.61M103.58M77.86M116.64M132.95M117.90M124.73M83.49M63.30M41.13M129.81M51.20M47.16M-770,50410.78M3.60M16.26M27.57M11.72M12.77M11.01M10.30M7.70M8.20M-1.00M3.60M2.30M3.30M3.60M
Investing Activities
Capital Expenditures-95.12M-57.12M-23.59M-27.10M-32.26M-23.07M-29.15M-40.67M-38.72M-28.05M-35.27M-13.08M-19.48M-16.18M-11.61M-16.48M-9.71M-9.91M-5.94M-6.64M-2.92M-3.94M-12.70M-5.01M-3.90M-6.82M-3.30M-800,000-2.80M-4.40M-600,000-200,000-1.30M-1.00M
Net Intangibles
Net Acquisitions-1.18B-61.22M8.03M-37.04M-8.00M-44.79M-22.68M-60.58M-11.52M-275.70M-137.06M-27.36M-104.09M-6.90M-96.33M-13.43M-38.77M-21.13M-5,528
Purchase of Investments
Sale of Investments200,000100,000
Investing Cash Flow-95.06M-1.23B-82.14M-19.07M-69.30M-31.07M-73.94M-63.34M-99.31M-39.57M-310.97M-150.14M-46.85M-120.27M-18.51M-112.81M-9.71M-23.34M-5.94M-6.64M-2.92M-3.94M-51.47M-4.81M-25.03M-6.63M-10.10M-1.10M-6.70M-4.40M-7.60M-200,000-1.20M-9.00M
Financing Activities
Long-Term Debt Issuance249.00M1.92B296.00M378.00M428.50M264.00M349.00M179.50M181.48M10.98M272.00M137.00M100.00M
Long-Term Debt Payments-364.42M-781.75M-248.00M-402.00M-466.50M-324.29M-320.00M-234.19M-192.35M-78.75M-77.10M-18.14M-19.30M
Other Financing Charges-3.41M-90.55M-2.19M-1.30M-1.23M-573,000-1.22M1.03M259,000-4.28M1.18M199,427476,2521.61M-1.93M3.05M100,000100,000-100,000
Financing Cash Flow-147.89M1.03B48.91M-137.43M-97.74M-120.81M98.40M-108.12M-14.40M-129.34M313.33M-30.38M-12.37M105.71M-1.48M98.07M6.50M1.53M3.39M815,7831.09M304,8921.30M708,379-254,272-12.24M-1.20M1.20M-700,000300,000-100,000-600,000-600,000-500,000
Other Cash Details
End Cash Position4.35M2.82M15.08M14.84M36.69M24.01M20.85M11.30M40.19M22.53M27.57M55.60M143.30M138.39M110.61M47.56M2.23M1.70M1.26M516,8281.44M1.98M1.74M1.45M1.33M800,183
Income Tax Paid20.43M24.49M31.66M16.12M18.80M3.29M8.70M19.86M21.57M15.26M26.33M30.97M21.63M13.85M21.17M20.56M
Interest Paid97.81M77.99M6.06M9.00M13.02M14.88M13.59M13.78M14.23M15.61M16.50M13.11M13.57M6.65M6.53M3.32M
Free Cash Flow149.35M13.04M62.42M64.86M109.72M85.86M47.20M69.74M103.73M88.78M63.80M67.82M44.28M25.67M70.55M40.19M29.00M-3.73M6.19M-255,23711.32M18.97M1.38M7.27M9.68M1.78M-700,0004.80M6.20M-4.90M2.60M1.00M1.90M1.40M
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AZZ Inc. to Participate in Citi's 2025 Global Industrial Tech and Mobility Conference and J.P. Morgan's Global High Yield & Leveraged Finance Conference Article
AZZ Inc. to Participate in Citi's 2025 Global Industrial Tech and Mobility Conference and J.P. Morgan's Global High Yield & Leveraged Finance Conference
FORT WORTH, Texas , Feb. 10, 2025 /PRNewswire/ -- AZZ Inc. (NYSE: AZZ) the leading independent provider of hot-dip galvanizing and coil coating solutions in North America, today announced that David Nark, Senior Vice President, Marketing, Communications, and Investor Relations, will participate at the following investor conferences: Citi 2025 Global Industrial Technology and Mobility Conference, February 17-20, 2025, at the Ritz Carlton South Beach Hotel in Miami, Florida. J.P. Morgan Global High Yield & Leveraged Finance Conference, February 24-26, 2025, at the Loews Miami Beach Hotel in Miami, Florida.
PRNewsWire Neutral
Feb 10, 2025
Top 2 Industrials Stocks That Are Ticking Portfolio Bombs Article
Top 2 Industrials Stocks That Are Ticking Portfolio Bombs
As of Feb. 6, 2025, two stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Benzinga Negative
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Is AZZ (AZZ) a Buy as Wall Street Analysts Look Optimistic? Article
Is AZZ (AZZ) a Buy as Wall Street Analysts Look Optimistic?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
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Feb 6, 2025
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