AZZ on NYSE
AZZ INC
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
23.9%Gross margin2
16.0%Operating margin2
19.2%Net margin2
4.6%Revenue growth, 20262
23.7%Return on equity2
0.36×Debt to equity2
$444.7MFree cash flow2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Precoat Metals brought in 54% of the revenue AZZ INC broke down this way in fiscal 2026.
Business segments by year
| Business segments | 2024 | 2025 | 2026 |
|---|---|---|---|
| Precoat Metals | $881.4M | $912.6M | $891.4M |
| Metal Coatings | $656.2M | $665.1M | $758.7M |
Regions
United States brought in 97% of the revenue AZZ INC broke down this way in fiscal 2026.
Regions by year
| Regions | 2024 | 2025 | 2026 |
|---|---|---|---|
| United States | $1.5B | $1.5B | $1.6B |
| Canada | $39.2M | $40.5M | $46.2M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue67¢$1.3B
- Selling, general and admin7¢$130.3M
- Interest3¢$55.6M
- Income tax6¢$103.1M
- Profit17¢$317.3M
Out of $1.7B in revenue.2
Where each dollar of operating cash went, fiscal 2026
- Capital spending15¢$80.8M
- Dividends paid4¢$23.1M
- Share buybacks4¢$20.0M
- Kept or used elsewhere76¢$401.6M
Out of $525.4M of cash from operations.2
Financial statements
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2026-02-28 | 2025-02-28 | 2024-02-29 |
|---|---|---|---|
| Sales | $1.7B | $1.6B | $1.5B |
| Cost of sales | $1.3B | $1.2B | $1.2B |
| Gross margin | $395.0M | $382.7M | $363.5M |
| Selling, general and administrative | $130.3M | $146.3M | $141.9M |
| Operating income | $264.6M | $236.4M | $221.6M |
| Interest expense, net | -$55.6M | -$81.3M | -$107.1M |
| Equity in earnings of unconsolidated subsidiaries | $209.7M | $16.2M | $15.4M |
| Other income (expense), net | $1.6M | -$562.0K | $161.0K |
| Income before income taxes | $420.3M | $170.7M | $130.1M |
| Income tax expense | $103.1M | $41.9M | $28.5M |
| Net income | $317.3M | $128.8M | $101.6M |
| Series A Preferred Stock Dividends | $0 | -$1.2M | -$14.4M |
| Redemption premium on Series A Preferred Stock | $0 | -$75.2M | $0 |
| Net income available to common shareholders | $317.3M | $52.4M | $87.2M |
| Basic earnings per common share (usd per share) | $10.59 | $1.80 | $3.48 |
| Diluted earnings per common share (usd per share) | $10.50 | $1.79 | $3.46 |
| Weighted average number common shares, basic (shares) | 30.0M shares | 29.1M shares | 25.0M shares |
| Weighted average number common shares, diluted (shares) | 30.2M shares | 29.3M shares | 25.2M shares |
| Cash dividends declared per common share (usd per share) | $0.77 | $0.68 | $0.68 |
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2026-02-28 | 2025-02-28 | 2024-02-29 |
|---|---|---|---|
| Cash and cash equivalents | $705.0K | $1.5M | |
| Trade accounts receivable, net of allowance for credit losses of $144 and $419 at February 28, 2026 and February 28, 2025, respectively | $142.6M | $135.1M | $142.2M |
| Other receivables | $19.0M | $12.9M | |
| Inventories | $113.4M | $112.3M | |
| Contract assets | $112.8M | $106.5M | $79.3M |
| Prepaid expenses and other | $6.8M | $7.1M | |
| Total current assets | $395.4M | $375.4M | |
| Property, plant and equipment, net | $609.3M | $592.9M | |
| Right-of-use assets | $59.6M | $26.0M | |
| Goodwill | $714.8M | $703.9M | $705.5M |
| Deferred tax assets | $1.4M | $3.6M | |
| Intangible assets, net | $409.7M | $421.9M | |
| Other assets | $3.4M | $4.1M | |
| Total assets | $2.2B | $2.2B | |
| Accounts payable | $114.6M | $106.5M | |
| Income taxes payable | $387.0K | $602.0K | |
| Accrued salaries and wages | $33.8M | $37.7M | |
| Other accrued liabilities | $74.8M | $68.4M | |
| Lease liability, short-term | $8.7M | $7.7M | |
| Total current liabilities | $232.3M | $221.0M | |
| Long-term debt, net | $477.7M | $852.4M | |
| Lease liability, long-term | $52.0M | $19.0M | |
| Deferred tax liabilities | $73.9M | $42.8M | |
| Other long-term liabilities | $40.5M | $46.4M | |
| Total liabilities | $876.4M | $1.2B | |
| Common stock, $1 par value; 100,000 shares authorized; 29,880 and 29,913 shares issued and outstanding at February 28, 2026 and February 28, 2025, respectively | $29.9M | $29.9M | |
| Capital in excess of par value | $431.2M | $418.0M | |
| Retained earnings | $883.5M | $609.2M | |
| Accumulated other comprehensive loss | -$7.5M | -$11.6M | |
| Total shareholders' equity | $1.3B | $1.0B | $700.8M |
| Total liabilities and shareholders' equity | $2.2B | $2.2B | |
| Accounts receivable, allowance for doubtful accounts | -$144.0K | -$419.0K | |
| Common stock, par value (usd per share) | $1.00 | $1.00 | |
| Common stock, shares authorized (shares) | 100.0M shares | 100.0M shares | |
| Common stock, shares, issued (shares) | 29.9M shares | 29.9M shares | |
| Common stock, shares, outstanding (shares) | 29.9M shares | 29.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2026-02-28 | 2025-02-28 | 2024-02-29 |
|---|---|---|---|
| Net income available to common shareholders | $317.3M | $52.4M | $87.2M |
| Plus: Dividends on Series A Preferred Stock | $0 | $1.2M | $14.4M |
| Plus: Redemption premium on Series A Preferred Stock | $0 | $75.2M | $0 |
| Net income | $317.3M | $128.8M | $101.6M |
| Bad debt expense (recovery) | -$78.0K | $5.1M | -$67.0K |
| Depreciation and amortization | $90.1M | $82.2M | $79.4M |
| Deferred income taxes | $32.8M | $8.0M | $4.7M |
| Equity in earnings of unconsolidated entities | -$209.7M | -$16.2M | -$15.4M |
| Distribution on investment in AVAIL joint venture | $273.2M | $12.6M | $3.1M |
| Restructuring charges | $3.7M | $0 | $0 |
| Net gain on sale of property, plant and equipment | -$4.4M | -$368.0K | $61.0K |
| Amortization of debt financing costs | $13.1M | $12.5M | $12.2M |
| Share-based compensation expense | $14.8M | $13.3M | $9.5M |
| Changes in current assets and current liabilities | $597.0K | $17.1M | $54.0M |
| Changes in other long-term assets and long-term liabilities | -$5.9M | -$13.1M | -$4.6M |
| Net cash provided by operating activities | $525.4M | $249.9M | $244.5M |
| Purchase of property, plant and equipment | -$80.8M | -$115.9M | -$95.1M |
| Acquisition of subsidiaries, net of cash acquired | -$30.1M | $0 | $0 |
| Proceeds from sale of property, plant and equipment | $5.8M | $886.0K | $55.0K |
| Proceeds from return of investment on the AVAIL JV | $13.6M | $0 | $0 |
| Net cash used in investing activities | -$91.5M | -$115.0M | -$95.1M |
| Proceeds from issuance of common stock | $3.6M | $311.5M | $2.4M |
| Redemption of Series A Preferred Stock | $0 | -$308.9M | $0 |
| Tax payments related to common stock issued under stock-based plans | -$5.1M | -$5.2M | -$1.7M |
| Payments on Revolving Credit Facility | -$706.0M | -$326.0M | -$314.0M |
| Payments on Securitization Loan Debt | $20.0M | $0 | $0 |
| Payments of debt financing costs | -$1.8M | -$1.9M | -$1.7M |
| Payments on long-term debt and finance leases | $537.7M | $111.0M | $50.4M |
| Repurchase and retirement of treasury stock | -$20.0M | $0 | $0 |
| Payments of dividends | -$23.1M | -$23.1M | -$31.4M |
| Net cash used in financing activities | -$434.1M | -$138.7M | -$147.9M |
| Effect of exchange rate changes on cash | -$625.0K | $922.0K | $13.0K |
| Net increase (decrease) in cash and cash equivalents | -$783.0K | -$2.9M | $1.5M |
Former names
- AZTEC MANUFACTURING COFeb 14, 1994 to Jun 8, 20003
Recent filings
- Oct 13, 202610-Q
- Oct 13, 20268-K
- Oct 8, 20268-K
- Aug 14, 2026SCHEDULE 13G/A
- Aug 14, 2026144
- Aug 14, 20264
- Aug 11, 2026144
- Aug 11, 20264
- Aug 6, 2026SCHEDULE 13G/A
- Aug 5, 20264
- Aug 3, 20268-K
- Aug 3, 20263
- Jul 8, 20264
- Jul 8, 20264
- Jul 8, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARAZZ INC filings on SEC EDGAR
- 2SEC EDGARAZZ INC 10-K for fiscal 2026
- 3SEC EDGARAZZ INC filings on SEC EDGAR
- 4SEC EDGARAZZ INC 10-K for fiscal 2019
- 5SEC EDGARAZZ INC 10-K for fiscal 2020
- 6SEC EDGARAZZ INC 10-K for fiscal 2021
- 7SEC EDGARAZZ INC 10-K for fiscal 2022
- 8SEC EDGARAZZ INC 10-K for fiscal 2023
- 9SEC EDGARAZZ INC 10-Q for fiscal 2025
- 10SEC EDGARAZZ INC 10-Q for fiscal 2025
- 11SEC EDGARAZZ INC 10-Q for fiscal 2026
- 12SEC EDGARAZZ INC 10-K for fiscal 2019