AZZ Inc. Reports Record Q1 Sales of $422M, Net Income Surges 331.6%, Adjusted EPS Up 21.9%

Reuters
Jul 10
AZZ Inc. Reports Record Q1 Sales of $422M, Net Income Surges 331.6%, Adjusted EPS Up 21.9%

AZZ Inc., a leading provider of hot-dip galvanizing and coil coating solutions, reported its financial results for the first quarter of fiscal year 2026, ending May 31, 2025. The company achieved record quarterly sales of $422.0 million, marking a 2.1% increase compared to the same period last year. The Metal Coatings segment saw sales rise by 6.0% to $187.2 million, while Precoat Metals sales slightly decreased by 0.8% to $234.7 million. Net income surged by 331.6% to $170.9 million, with adjusted net income increasing by 22.3% to $53.8 million. The company reported a GAAP diluted earnings per share $(EPS)$ of $5.66, up 510.1%, and an adjusted diluted EPS of $1.78, reflecting a 21.9% rise year-over-year. AZZ Inc. also reported an adjusted EBITDA of $106.4 million, representing 25.2% of sales, compared to $94.1 million, or 22.8% of sales, in the prior year. The segment adjusted EBITDA margin was 32.9% for Metal Coatings and 20.7% for Precoat Metals. During the quarter, AZZ Inc. reduced its debt by $285 million, resulting in a net leverage ratio of 1.7x. Additionally, the company received $273.2 million from its minority interest in AVAIL related to the sale of the Electrical Products Group to nVent Electric plc. For fiscal year 2026, AZZ Inc. has raised its guidance, forecasting sales between $1.625 billion and $1.725 billion, adjusted EBITDA between $360 million and $400 million, and adjusted diluted EPS in the range of $5.75 to $6.25. The company also announced an increase in its quarterly cash dividend to common shareholders from $0.17 to $0.20 per share, effective after a recent bolt-on acquisition within the Metal Coatings segment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AZZ Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: DA27203) on July 09, 2025, and is solely responsible for the information contained therein.

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