AZZ Inc. Reports Fiscal Year 2027 Second Quarter ResultsRecord Quarterly Sales and Earnings In Both Segments Drive Strong EPS Growth, Cash Flow and Shareholder Value Raising Fiscal Year 2027 Guidance FORT WORTH, Texas, Oct. 13, 2026 /PRNewswire/ -- AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions, today announced financial results for the second quarter ended August 31, 2026. Fiscal Year 2027 Second Quarter Overview (as compared to prior fiscal year second quarter (1) ): Total sales of $486.9 million, up 16.7% Metal Coatings sales of $233.5 million, up 22.9% Precoat Metals sales of $253.4 million, up 11.5% Operating income of $83.8 million, up 22.4% Net income of $58.5 million, down 34.6%; prior year results were meaningfully impacted by equity in earnings following the recognition of our proportionate share of the gain related to AVAIL's sale of the Electrical Products Group; Adjusted net income of $60.1 million, up 28.1% GAAP diluted EPS of $1.94 per share, down 34.2% due to equity in earnings from the AVAIL JV as mentioned above; Adjusted diluted EPS of $2.00, up 29.0% Consolidated Adjusted EBITDA of $110.9 million, or 22.8% of sales, versus prior year of $88.7 million, or 21.3% of sales Segment Adjusted EBITDA margin of 30.7% for Metal Coatings and 21.2% for Precoat Metals Cash flow from operations for the quarter of $102.8 million, up 76.1% Completed the acquisition of Seattle Galvanizing in Arlington, Washington Repurchased 136,303 shares of common stock, or $20.0 million at an average purchase price of $146.71 Cash dividend of $0.24 per share to common shareholders paid during the quarter Net leverage ratio was 1.3x on the trailing twelve months Adjusted EBITDA (1) Adjusted Net Income, Adjusted EPS, Adjusted EBITDA, and net leverage ratio are non-GAAP financial measures as defined and reconciled in the tables below.
PRNewsWire10/13/2026Neutral