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AZZ

AZZ Inc.

AZZ

AZZ Inc. • NYSE
$105.42 ▼ -0.24% (-0.25)
Market Cap $3.17 B
52w High $119.95
52w Low $70.90
Dividend Yield 0.74%
P/E 10.09
Volume 79.22K
Outstanding Shares 30.06M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $417.275M ▼ $32.831M ▼ $89.346M ▼ 21.412% ▼ $2.97 ▼ $150.366M ▼
Q1-2026 $421.962M ▲ $34.581M ▼ $170.908M ▲ 40.503% ▲ $5.71 ▲ $266.226M ▲
Q4-2025 $351.875M ▼ $38.284M ▼ $20.209M ▼ 5.743% ▼ $0.68 ▼ $64.529M ▼
Q3-2025 $403.654M ▼ $39.243M ▲ $33.603M ▼ 8.325% ▼ $1.12 ▼ $85.573M ▼
Q2-2025 $409.007M $35.868M $35.419M 8.66% $1.19 $89.968M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $897K ▼ $2.226B ▲ $922.952M ▼ $1.303B ▲
Q1-2026 $3.043M ▲ $2.159B ▼ $944.887M ▼ $1.214B ▲
Q4-2025 $1.488M ▲ $2.227B ▼ $1.182B ▼ $1.045B ▲
Q3-2025 $1.484M ▼ $2.245B ▲ $1.215B ▼ $1.03B ▲
Q2-2025 $2.152M $2.24B $1.241B $999.756M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $89.346M ▼ $58.387M ▼ $-49.369M ▼ $-11.102M ▲ $-2.146M ▼ $39.109M ▼
Q1-2026 $170.908M ▲ $314.782M ▲ $-17.122M ▲ $-295.512M ▼ $1.555M ▲ $293.886M ▲
Q4-2025 $-56.189M ▼ $64.312M ▼ $-29.897M ▼ $-34.783M ▲ $4K ▲ $34.371M ▼
Q3-2025 $33.603M ▼ $66.167M ▲ $-26.36M ▲ $-41.162M ▼ $-668K ▲ $39.726M ▲
Q2-2025 $35.419M $47.486M $-31.361M $-24.208M $-8.394M $15.381M

Revenue by Products

Product Q3-2025Q4-2025Q1-2026Q2-2026
Metal Coatings
Metal Coatings
 $170.00M ▲$150.00M ▼$190.00M ▲$190.00M ▲
Precoat Metals
Precoat Metals
 $240.00M ▲$200.00M ▼$230.00M ▲$230.00M ▲

Five-Year Company Overview

Income Statement

Income Statement AZZ’s income statement shows a company that has grown meaningfully and steadily become more profitable, with one noisy transition year in the middle. Revenue has climbed for several years, and profit margins have improved as the business shifted to a focused coatings model and scaled up after the Precoat Metals acquisition. Operating and EBITDA performance has strengthened, suggesting better efficiency and pricing power. The notable loss two years ago stands out as an exception and likely reflects one-time costs tied to the business transformation rather than a structural decline. Since then, earnings have rebounded and moved back into solidly positive territory, though historical swings in earnings per share highlight that results can be volatile from year to year.

Balance Sheet

Balance Sheet The balance sheet reflects a larger, more leveraged company after its strategic acquisitions. Total assets have roughly doubled over five years, but this has been financed in part by a sizable increase in debt. Equity has been building as profits are retained, which helps support the capital structure, but leverage remains a key feature of the story. Cash on hand is very thin, so AZZ relies heavily on ongoing cash generation and available credit rather than large cash reserves. Overall, the company looks stronger and more substantial, but it is also more indebted, making consistent earnings and cash flow especially important.

Cash Flow

Cash Flow Cash flow trends are generally healthy. Operating cash flow has grown in line with the larger business and comfortably covers day‑to‑day needs. Free cash flow is positive in most years, even after a rising level of capital spending tied to growth projects like new coating capacity. The pattern suggests AZZ is funding expansion while still generating some surplus cash, though the buffer is not huge. Higher investment outlays do create periods where free cash flow looks tight, so timing and execution of major projects will matter for maintaining flexibility, especially given the higher debt load.

Competitive Edge

Competitive Edge AZZ holds a strong competitive position as the leading independent hot‑dip galvanizing and coil coating provider in North America. Its wide network of plants gives it local reach, shorter lead times, and cost advantages versus smaller regional players. The tolling model, where customers supply their own metal, helps shield AZZ from swings in raw material prices and supports more stable margins. The move to a pure‑play coatings company sharpened its focus and appears to be paying off in scale and specialization. Key risks on the competitive side include exposure to cyclical end markets like construction and infrastructure, potential pricing pressure from large customers, and the ongoing need to integrate acquisitions smoothly.

Innovation and R&D

Innovation and R&D Innovation at AZZ is practical and process‑oriented rather than flashy. The Digital Galvanizing System and customer portals such as CoilZone and Coil Mart are good examples of using software and data to improve plant efficiency and customer transparency. Proprietary formulations like GalvXtra and advanced application techniques differentiate its coatings on quality and consistency, while sustainability initiatives help align with customer and regulatory expectations. The planned aluminum coil coating facility and continued bolt‑on acquisitions show a willingness to invest for long‑term growth. At the same time, R&D is more focused on incremental process and product improvements than on disruptive breakthroughs, so the main innovation risk is execution and adoption, not technology bets.

Summary

Overall, AZZ looks like a mature industrial business that has successfully reinvented itself into a focused coatings platform with solid growth, improving profitability, and a meaningful but manageable level of financial risk. The transformation around the Precoat Metals acquisition introduced a period of earnings volatility and higher leverage, but recent years show better margins, stronger cash generation, and expanding capacity. Its scale, geographic reach, tolling model, and digital/process innovations give it a clear edge in a niche but important part of the industrial value chain. The main things to watch going forward are how well it manages debt, executes major growth projects, navigates economic cycles in construction and infrastructure, and continues integrating acquisitions while maintaining quality and service levels.

NEWS

November 24, 2025 · 4:15 PM UTC

AZZ Inc. to Participate in the Bank of America Securities Leveraged Finance Conference, and Noble Capital Markets' 21st Annual Emerging Growth Conference, and Seaport Research Partner's 3rd Annual Steel and Metals Summit in December 2025

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November 3, 2025 · 4:41 PM UTC

AZZ Inc. to Participate in the Baird Global Industrials, NYSE Industrials Day, and Three Part Advisors Southwest IDEAS Conferences in November 2025

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October 8, 2025 · 4:15 PM UTC

AZZ Inc. Reports Fiscal Year 2026 Second Quarter Results

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October 2, 2025 · 4:15 PM UTC

AZZ Inc. Announces Fiscal Year 2026 Second Quarter Cash Dividend

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September 24, 2025 · 4:15 PM UTC

AZZ Inc. to Review Second Quarter Fiscal Year 2026 Financial Results on Thursday, October 9, 2025

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