AZZ AZZ, Inc.
AZZ, Inc. engages in the provision of galvanizing services, welding solutions, electrical equipment, and engineered services. It operates through Energy and Metal Coatings segments. The Energy segment provides products and services designed to support industrial, nuclear, and electrical applications. The Metal Coatings segment focuses in hot dip galvanizing and other metal coating applications to the steel fabrication industry through facilities located throughout the United States and Canada. The company was founded in 1956 and is headquartered in Fort Worth, TX.
Company profile
Ticker
AZZ
Exchange
CEO
Thomas E. Ferguson
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Aztec Manufacturing Co
SEC CIK
Corporate docs
IRS number
750948250
AZZ stock data
()
Calendar
8 Jul 19
17 Oct 19
28 Feb 20
News
Company financial data Financial data
| Quarter (USD) | May 19 | Feb 19 | Nov 18 | Aug 18 | |
|---|---|---|---|---|---|
| Revenue | 289.12M | 202.55M | 239.52M | 222.79M | |
| Net income | 21.28M | 8.85M | 15.4M | 11.24M | |
| Diluted EPS | 0.81 | 0.34 | 0.59 | 0.43 | |
| Net profit margin | 7.36% | 4.37% | 6.43% | 5.05% | |
| Operating income | 30.97M | 13.39M | 22.77M | 17.11M | |
| Net change in cash | -10.42M | 6.59M | 8.21M | -4.73M | |
| Cash on hand | 13.59M | 24.01M | 17.41M | 9.2M | |
| Cost of revenue | 223.02M | 159.29M | 189.76M | 175.88M |
| Annual (USD) | Feb 19 | Feb 18 | Feb 17 | Feb 15 | |
|---|---|---|---|---|---|
| Revenue | 927.09M | 810.43M | 863.54M | 819.69M | |
| Net income | 51.21M | 45.17M | 61.26M | 65.62M | |
| Diluted EPS | 1.96 | 1.73 | 2.35 | 2.55 | |
| Net profit margin | 5.52% | 5.57% | 7.09% | 8.00% | |
| Operating income | 76.96M | 48.25M | 98.91M | 107.9M | |
| Net change in cash | 3.15M | 9.55M | -11.23M | ||
| Cash on hand | 24.01M | 20.85M | 11.3M | 22.53M | |
| Cost of revenue | 728.47M | 650.12M | 658.21M | 612.92M |
Financial data from AZZ earnings reports
Financial report summary
?Risks
- Our business segments operate in highly competitive markets.
- Climate change could impact our business.
- Changes in greenhouse gas regulations could impact our operating results.
- Our business segments are sensitive to economic downturns.
- International and political events may adversely affect our Energy and Metal Coatings Segments.
- Fluctuations in the price and supply of raw materials and natural gas for our business segments may adversely affect our operations.
- Our volume of fixed-price contracts for our Energy Segment could adversely affect our business.
- Our operations could be adversely impacted by the continuing effects from government regulations.
- New regulations related to conflict minerals could adversely impact our business.
- Our use of over time revenue accounting in the Energy Segment could result in a reduction or elimination of previously reported profits.
- We may not be able to fully realize the revenue value reported in our backlog for our Energy Segment.
- Our operating results may vary significantly from quarter to quarter.
- We may be unsuccessful at generating internal growth.
- The departure of key personnel could disrupt our business.
- Our business requires skilled labor, and we may be unable to attract and retain qualified employees.
- Actual and potential claims, lawsuits, and proceedings could ultimately reduce our profitability and liquidity and weaken our financial condition.
- Technological innovations by competitors may make existing products and production methods obsolete.
- Catastrophic events could disrupt our business.
- Adoption of new or revised employment and labor laws and regulations could make it easier for our employees to obtain union representation and our business could be adversely impacted.
- AZZ’s flexibility to operate its business could be impacted by provisions in its debt obligations.
- A failure in our operational systems or cyber security attacks on any of our facilities, or those of third parties, may
- affect adversely our financial results.
- We could face significant liabilities for withdrawal from Multiemployer Pension Plans.
- Uncertainties in the interpretation and application of the 2017 Tax Cuts and Jobs Act could materially affect our tax obligations and effective tax rate.
- We have identified a material weakness in our internal control over financial reporting which could, if not remediated, adversely affect investor confidence in our company, the value of our common stock and our ability to report our financial condition and results of operations in a timely and accurate manner.
Management Discussion
- We have two distinct operating segments, the Energy segment and the Metal Coatings segment, as defined in our Annual Report on Form 10-K for the fiscal year ended February 28, 2019. Management believes that the most meaningful analysis of our results of operations is to analyze our performance by segment. We use revenue and operating income by segment to evaluate our segments. Segment operating income consists of net sales less cost of sales and selling, general and administrative expenses that are specifically identifiable to a segment. For a reconciliation of segment operating income to consolidated operating income, see Note 5 to our quarterly condensed consolidated financial statements included in this Quarterly Report on Form 10-Q.
Content analysis
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New words:
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Removed:
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Financial reports
10-Q
2020 Q1
Quarterly report
8 Jul 19
10-K
2019 FY
Annual report
17 May 19
10-Q
2019 Q3
Quarterly report
8 Jan 19
10-Q
2019 Q2
Quarterly report
9 Oct 18
10-Q
2019 Q1
Quarterly report
3 Jul 18
10-K
2018 FY
Annual report
15 May 18
10-Q
2018 Q3
Quarterly report
15 May 18
10-K/A
2017 FY
Annual report (amended)
19 Apr 18
10-Q/A
2018 Q1
Quarterly report (amended)
19 Apr 18
10-Q/A
2018 Q2
Quarterly report (amended)
19 Apr 18
Current reports
8-K
AZZ Inc. Extends Employment Agreement of President and Chief Executive Officer Tom E. Ferguson
7 Oct 19
8-K
AZZ Inc. Announces Quarterly Cash Dividend
4 Oct 19
8-K
Submission of Matters to a Vote of Security Holders
10 Jul 19
8-K
Results of Operations and Financial Condition
8 Jul 19
8-K
AZZ Inc. Announces Quarterly Cash Dividend
3 Jul 19
8-K
Changes in Registrant's Certifying Accountant
23 May 19
8-K
AZZ Inc. Reports Financial Results for Fiscal Year 2019
20 May 19
8-K
AZZ Inc. Announces Quarterly Cash Dividend
5 Apr 19
8-K
AZZ Inc. Announces Quarterly Cash Dividend
18 Jan 19
8-K
Results of Operations and Financial Condition
8 Jan 19
Registration and prospectus
S-8
Registration of securities for employees
1 Feb 19
S-8
Registration of securities for employees
27 Jul 18
S-8
Registration of securities for employees
9 Jul 14
SC TO-T/A
Third party tender offer statement (amended)
15 Jun 10
SC TO-T/A
Third party tender offer statement (amended)
8 Jun 10
SC TO-T
Third party tender offer statement
7 May 10
S-8
Registration of securities for employees
12 Aug 08
S-8
Registration of securities for employees
12 Aug 08
S-8
Registration of securities for employees
17 Jan 06
S-8
Registration of securities for employees
21 Jun 02
Proxies
DEFA14A
Additional proxy soliciting materials
28 May 19
DEF 14A
Definitive proxy
28 May 19
DEFA14A
Additional proxy soliciting materials
5 Jun 18
DEF 14A
Definitive proxy
25 May 18
DEF 14A
Definitive proxy
24 May 17
DEF 14A
Definitive proxy
23 May 16
DEF 14A
Definitive proxy
28 May 15
DEF 14A
Definitive proxy
29 May 14
DEF 14A
Definitive proxy
4 Jun 13
PRE 14A
Preliminary proxy
24 May 13
Other
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
25 May 17
SD
Conflict minerals disclosure
25 May 16
UPLOAD
Letter from SEC
21 Oct 14
CORRESP
Correspondence with SEC
14 Oct 14
UPLOAD
Letter from SEC
2 Oct 14
UPLOAD
Letter from SEC
12 Feb 14
CORRESP
Correspondence with SEC
10 Feb 14
UPLOAD
Letter from SEC
4 Feb 14