AZZ AZZ

AZZ Inc. is a global provider of metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets. AZZ Metal Coatings is a leading provider of metal finishing solutions for corrosion protection, including hot dip galvanizing to the North American steel fabrication industry. AZZ Infrastructure Solutions is dedicated to delivering safe and reliable transmission of power from generation sources to end customers, and automated weld overlay solutions for corrosion and erosion mitigation to critical infrastructure in the energy markets worldwide.
Company profile
Ticker
AZZ
Exchange
Website
CEO
Thomas Ferguson
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
AZTEC MANUFACTURING CO
SEC CIK
Corporate docs
IRS number
750948250
AZZ stock data
()
Press releases
AZZ Inc. to Review Fourth Quarter and Fiscal Year 2021 Financial Results on Friday, April 23, 2021
9 Apr 21
AZZ Inc. Announces Fiscal Year 2021 Fourth Quarter Cash Dividend of $0.17 Per Share
8 Apr 21
AZZ Inc. to Present at Sidoti's Spring 2021 Virtual Conference March 24, 2021
23 Mar 21
AZZ Inc. Appoints Carol R. Jackson and Clive A. Grannum to the Board of Directors
4 Feb 21
AZZ Inc. Issues Fiscal Year 2022 Guidance; Revenue of $835 Million - $935 Million and Earnings per Share of $2.45 - $2.95
26 Jan 21
Calendar
11 Jan 21
12 Apr 21
28 Feb 22
Financial summary
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Financial data from AZZ earnings reports.
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Feb 21 | Mackey Tara D | COMMON STOCK | Sell | Dispose S | No | Yes | 51.35 | 1,000 | 51.35K | 8,077 |
8 Feb 21 | Stovall Bryan Lee | COMMON STOCK | Sell | Dispose S | No | No | 50.583 | 2,500 | 126.46K | 14,141 |
4 Feb 21 | Ferguson Thomas E | COMMON STOCK | Sell | Dispose S | No | No | 50.274 | 3,421 | 171.99K | 109,794 |
4 Feb 21 | Ferguson Thomas E | COMMON STOCK | Payment of exercise | Dispose F | No | No | 50.44 | 23,050 | 1.16M | 113,215 |
4 Feb 21 | Ferguson Thomas E | COMMON STOCK | Option exercise | Aquire M | No | No | 43.92 | 26,471 | 1.16M | 136,265 |
4 Feb 21 | Ferguson Thomas E | STOCK APPRECIATION RIGHTS COMMON STOCK | Option exercise | Dispose M | No | No | 0 | 26,471 | 0 | 0 |
3 Feb 21 | Mackey Tara D | COMMON STOCK | Sell | Dispose S | No | No | 50.11 | 2,052 | 102.83K | 9,077 |
1 Feb 21 | Stovall Bryan Lee | COMMON STOCK | Sell | Dispose S | No | No | 48.885 | 87 | 4.25K | 16,641 |
1 Feb 21 | Stovall Bryan Lee | COMMON STOCK | Payment of exercise | Dispose F | No | No | 48.78 | 795 | 38.78K | 16,728 |
1 Feb 21 | Stovall Bryan Lee | COMMON STOCK | Option exercise | Aquire M | No | No | 43.92 | 882 | 38.74K | 17,523 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
91.4% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 173 |
Opened positions | 27 |
Closed positions | 18 |
Increased positions | 45 |
Reduced positions | 70 |
13F shares |
Current |
---|---|
Total value | 1.1B |
Total shares | 23.18M |
Total puts | 0 |
Total calls | 60.9K |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
BLK Blackrock | 3.96M | $187.64M |
Vanguard | 2.63M | $124.61M |
TROW T. Rowe Price | 2.6M | $123.21M |
Dimensional Fund Advisors | 1.25M | $59.36M |
STT State Street | 795.52K | $37.74M |
FMR | 772.6K | $36.65M |
LSV Asset Management | 604.17K | $28.66M |
GBL Gamco Investors | 549.8K | $26.08M |
Segall Bryant & Hamill | 541.75K | $25.7M |
Aristotle Capital Boston | 529.47K | $25.12M |
Financial report summary
?Risks
- Our business segments operate in highly competitive markets.
- Our operating results may vary significantly from quarter to quarter.
- We may be unsuccessful at implementing and generating internal growth from our Strategic Growth Initiatives.
- 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 negatively impact our financial condition.
- Technological innovations by competitors may make existing products and production methods obsolete.
- Catastrophic events could have a material adverse effect on our business, financial condition, results of operations, or cash flows.
- Our operations could be adversely impacted by the effects of future changes to the law and government regulations regarding emissions, the global environment and other sustainability matters.
- New regulations related to conflict minerals could adversely impact our business.
- Our business segments are sensitive to economic downturns.
- International events and political issues 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.
- Climate change could impact our business.
- Changes in greenhouse gas regulations could impact our operating results.
- Our volume of fixed-price contracts for our Energy segment could adversely affect 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.
- 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.
- 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.
- 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 a developed strategy and periodically review our strategy against our performance, market conditions and competitive threats. As a result of our ongoing evaluations and assessments, as well as the uncertainties brought upon the Company by the COVID-19 pandemic, we further evaluated our strategies and better defined our core and non-core operations. As a result of this ongoing assessment, during the second quarter of fiscal year 2021, management approved a plan to divest certain businesses, close certain under-performing operations and recorded impairment charges against assets. During the third quarter of fiscal 2021, we publicly announced strategic and financial initiatives to enhance shareholder value. We are conducting a comprehensive Board-led review of our portfolio and capital allocation and have engaged leading independent financial, legal and tax advisors in support of this review. These actions will allow us to accelerate the strategy to become a more focused metal coatings company, which we believe will more rapidly enhance shareholder value.
Content analysis
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H.S. junior Avg
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New words:
Acme, agreed, announced, appointed, Committee, comprehensive, conducting, converted, coupled, director, dividing, earn, eligible, employed, environment, evidence, exclusive, focused, fourth, Good, independent, India, joined, lesser, loan, LTI, Mechanical, Milwaukee, occurrence, person, Philip, precluded, publicly, rapidly, receipt, Schlom, STI, test, testing, tranche, Vice, Wisconsin
Removed:
accelerated, actively, chapter, check, complying, electronically, emerging, establishment, extended, file, filer, higher, Identification, inclusive, incorporation, Interactive, jurisdiction, mark, par, preceding, registered, registrant, reserved, revised, section, shell, shorter, smaller, spending, submit, supported, Symbol, technology, Title, Washington
Financial reports
10-Q
2021 Q3
Quarterly report
11 Jan 21
10-Q
2021 Q1
Quarterly report
13 Oct 20
10-Q
2021 Q1
Quarterly report
9 Jul 20
10-K
2020 FY
Annual report
29 Apr 20
10-Q
2020 Q3
Quarterly report
9 Jan 20
10-Q
2020 Q2
Quarterly report
26 Dec 19
NT 10-Q
Notice of late quarterly filing
11 Oct 19
10-Q
2020 Q1
Quarterly report
8 Jul 19
10-K
2019 FY
Annual report
17 May 19
NT 10-K
Notice of late annual filing
30 Apr 19
Current reports
8-K
AZZ Inc. Announces Fiscal Year 2021 Fourth Quarter
8 Apr 21
8-K
AZZ Inc. Appoints Carol R. Jackson
4 Feb 21
8-K
Revenue of $835 Million – $935 Million and Earnings
26 Jan 21
8-K
AZZ Inc. Announces Fiscal Year 2021 Third Quarter
14 Jan 21
8-K
Regulation FD Disclosure
12 Jan 21
8-K
Results of Operations and Financial Condition
11 Jan 21
8-K
AZZ Inc. Strategy and Governance Update Fall 2020
24 Nov 20
8-K
Regulation FD Disclosure
12 Nov 20
8-K
AZZ Inc. Appoints Philip A. Schlom as Chief Financial Officer
4 Nov 20
8-K/A
Results of Operations and Financial Condition
13 Oct 20
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
8 Jul 14
SC TO-T/A
Third party tender offer statement (amended)
14 Jun 10
SC TO-T/A
Third party tender offer statement (amended)
7 Jun 10
SC TO-T
Third party tender offer statement
6 May 10
S-8
Registration of securities for employees
11 Aug 08
S-8
Registration of securities for employees
11 Aug 08
S-8
Registration of securities for employees
16 Jan 06
S-8
Registration of securities for employees
20 Jun 02
Proxies
DEFA14A
Additional proxy soliciting materials
27 May 20
DEF 14A
Definitive proxy
27 May 20
DEFA14A
Additional proxy soliciting materials
28 May 19
DEF 14A
Definitive proxy
28 May 19
DEFA14A
Additional proxy soliciting materials
4 Jun 18
DEF 14A
Definitive proxy
25 May 18
DEF 14A
Definitive proxy
23 May 17
DEF 14A
Definitive proxy
22 May 16
DEF 14A
Definitive proxy
27 May 15
DEF 14A
Definitive proxy
28 May 14
Other
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
24 May 17
SD
Conflict minerals disclosure
24 May 16
UPLOAD
Letter from SEC
20 Oct 14
CORRESP
Correspondence with SEC
13 Oct 14
UPLOAD
Letter from SEC
1 Oct 14
UPLOAD
Letter from SEC
11 Feb 14
CORRESP
Correspondence with SEC
9 Feb 14
Ownership
4
AZZ / Tara D Mackey ownership change
22 Feb 21
SC 13G/A
AZZ / PRICE T ROWE ASSOCIATES ownership change
10 Feb 21
SC 13G/A
AZZ / PRICE T ROWE ASSOCIATES ownership change
10 Feb 21
SC 13G/A
AZZ / VANGUARD ownership change
10 Feb 21
4
AZZ / Bryan Lee Stovall ownership change
8 Feb 21
4
AZZ / THOMAS E FERGUSON ownership change
5 Feb 21
4
AZZ / Tara D Mackey ownership change
4 Feb 21
3
AZZ / Carol R Jackson ownership change
4 Feb 21
3
AZZ / CLIVE A GRANNUM ownership change
4 Feb 21
4
AZZ / Bryan Lee Stovall ownership change
2 Feb 21
Transcripts
2021 Q3
Earnings call transcript
11 Jan 21
2021 Q2
Earnings call transcript
13 Oct 20
2021 Q2
Earnings call transcript
13 Oct 20
2021 Q1
Earnings call transcript
9 Jul 20
2020 Q4
Earnings call transcript
29 Apr 20
2020 Q3
Earnings call transcript
9 Jan 20
2020 Q2
Earnings call transcript
5 Dec 19
2020 Q1
Earnings call transcript
8 Jul 19
2019 Q4
Earnings call transcript
20 May 19
2019 Q3
Earnings call transcript
8 Jan 19
Reddit threads
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30 Mar 21
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25 Jan 21
Daily Discussion Thread - January 22nd, 2021
22 Jan 21
Daily Discussion Thread - January 11th, 2021
11 Jan 21
Most anticipated earnings releases for the week beginning January 11, 2021
9 Jan 21
Daily Discussion Thread - January 8th, 2021
8 Jan 21