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
Subsidiaries
AAA Galvanizing – Chelsea, LLC • AAA Galvanizing – Dixon, Inc. • AAA Galvanizing – Hamilton, LLC • AAA Galvanizing – Joliet, Inc. • AAA Galvanizing – Peoria, Inc. • AAA Galvanizing – Winsted, Inc. • Arbor-Crowley, LLC • Arizona Galvanizing, Inc. • ArkGalv, LLC • Atkinson Industries, Inc. ...
IRS number
750948250
AZZ stock data
News

Stocks That Hit 52-Week Lows On Thursday
14 Jul 22
AZZ's Ex-Dividend Date Is Monday, Here's What You Need To Know
13 Jul 22
AZZ Earnings Perspective: Return On Capital Employed
12 Jul 22
Dow Dips Around 90 Points; La Jolla Pharmaceutical Shares Surge
11 Jul 22
Nasdaq Tumbles 2%; Pliant Therapeutics Shares Spike Higher
11 Jul 22
Press releases
AZZ Inc. to Present at the 13th Annual Midwest IDEAS Conference on August 25, 2022
18 Aug 22
AZZ Inc. to Present at Jefferies Industrial Conference on August 9, 2022
5 Aug 22
AZZ Inc. Reports Results for First Quarter of Fiscal Year 2023; Generates EPS of $0.96 and Adjusted EPS of $1.40
11 Jul 22
AZZ Inc. Announces Fiscal Year 2023 First Quarter Cash Dividend of $0.17 per Share
30 Jun 22
AZZ Inc. to Review First Quarter Fiscal Year 2023 Financial Results on Monday, July 11, 2022
28 Jun 22
Calendar
11 Jul 22
20 Aug 22
28 Feb 23
Financial summary
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Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
10 Aug 22 | Ferguson Thomas E | COMMON STOCK | Buy | Acquire P | No | No | 42.487 | 5,000 | 212.44K | 170,550 |
12 Jul 22 | Purvis Steven R. | COMMON STOCK | Grant | Acquire A | No | No | 0 | 2,619 | 0 | 17,312 |
12 Jul 22 | McGough Ed | COMMON STOCK | Grant | Acquire A | No | No | 0 | 2,619 | 0 | 13,756 |
12 Jul 22 | McCellon-Allen Venita | COMMON STOCK | Grant | Acquire A | No | No | 0 | 2,619 | 0 | 20,397 |
12 Jul 22 | Jackson Carol R | COMMON STOCK | Grant | Acquire A | No | No | 0 | 2,619 | 0 | 4,595 |
Institutional ownership, Q2 2022
88.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 176 |
Opened positions | 18 |
Closed positions | 32 |
Increased positions | 68 |
Reduced positions | 63 |
13F shares | Current |
---|---|
Total value | 890.07M |
Total shares | 21.8M |
Total puts | 0 |
Total calls | 5.5K |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 3.99M | $162.75M |
Vanguard | 2.66M | $108.38M |
TROW T. Rowe Price | 2.48M | $101.06M |
Dimensional Fund Advisors | 1.26M | $51.55M |
STT State Street | 899.19K | $36.71M |
Segall Bryant & Hamill | 873.06K | $35.64M |
WHG Westwood | 821.01K | $33.51M |
GBL Gamco Investors | 616.54K | $25.17M |
Aristotle Capital Boston | 465.49K | $19M |
AMP Ameriprise Financial | 452.64K | $18.48M |
Financial report summary
?Risks
- The duration of the COVID-19 pandemic remains uncertain and may have a material adverse impact on the demand for our products and services or with our supply chain.
- Catastrophic events could have a material adverse effect on our business, financial condition, results of operations, or cash flows.
- Our business segments operate in highly competitive markets.
- Our operating results may vary significantly from quarter to quarter.
- Our business requires skilled labor, and we may be unable to attract and retain qualified employees.
- Technological innovations by competitors may make existing products and production methods obsolete.
- Our business segments are cyclical and are sensitive to economic downturns.
- Volatility in crude oil and natural gas prices could impact demand or pricing for products or services in segments of our Infrastructure Solutions segment and, as a result, adversely affect our business.
- International events and political issues may adversely affect our Infrastructure Solutions 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.
- A failure in our operational information systems or cyber security attacks on any of our facilities, or those of third parties, may adversely affect our financial results.
- If we are unable to adequately protect our intellectual property, we may lose some of our competitive advantage.
- Product defects could increase our warranty costs and could result in product liability claims.
- We may be unsuccessful at implementing and generating internal growth from our Strategic Growth Initiatives.
- The departure of key personnel could disrupt our business.
- Actual and potential claims, lawsuits, and proceedings could ultimately reduce our profitability and liquidity and negatively impact our financial condition.
- 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.
- Regulations related to conflict minerals could adversely impact our business.
- Changes in labor or employment laws, including minimum wage rules or COVID-19 benefits, could increase our costs and may adversely affect our business.
- Climate change could impact our business.
- Changes in environmental laws and regulations and heightened focus on corporate sustainability initiatives and practices are under increased scrutiny by both governmental and non-governmental bodies, which could cause a change in our business practices by increasing capital, compliance, operating and maintenance costs, which could impact our future operating results.
- Our use of over time revenue accounting in the Infrastructure Solutions segment could result in a reduction or elimination of previously reported profits.
- Our volume of fixed-price contracts for our Infrastructure Solutions segment could adversely affect our business.
- The Company’s flexibility to operate its business could be impacted by provisions in its debt obligations.
- We could face significant liabilities for withdrawal from Multiemployer Pension Plans.
- A change in a customer’s creditworthiness could result in significant accounts receivable write-offs.
- If our goodwill or other indefinite-lived intangible assets were to become impaired, our net income and results of operations could be negatively affected.
- Changes in the method pursuant to which the LIBOR rates are determined and potential phasing out of LIBOR after 2021 may adversely affect our results of operations.
- We may increase our debt or raise additional capital in the future, which could affect our financial condition, may decrease our profitability or could dilute our shareholders.
- The market price and trading volume of our common stock may be volatile.
Management Discussion
- We have a developed strategy and periodically review our performance, opportunities, market conditions and competitive threats. On May 13, 2022, the Company completed the acquisition of the Precoat Metals business division (“Precoat”) of Sequa Corporation (“Sequa”), a portfolio company of global investment firm Carlyle, for a purchase price of approximately $1.3 billion (the "Precoat Acquisition"). As part of the Precoat Acquisition, the Company acquired the Precoat Metals division from the Seller, which engages in the business of applying protective and decorative coatings and films for continuous steel and aluminum coil and performing ancillary services related thereto. The Precoat Acquisition advances our strategy to become a predominantly metal coatings focused company, which we believe will more rapidly enhance shareholder value. See Note 2 to our consolidated financial statements included in this Quarterly Report on Form 10-Q for more information about the Precoat Acquisition.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
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Readability |
H.S. junior Avg
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New words:
added, administered, aesthetic, air, AIS, Alberta, amortization, ancillary, anticipated, appliance, assumed, assuming, bear, billion, bulk, Calgary, Carlyle, clean, coil, collateral, construction, contractor, conversion, DAAM, daily, decorative, deductible, depot, depreciation, Detailed, directly, diverse, division, Edmonton, enterprise, expertise, fair, Fernweh, final, finalized, firm, forma, goodwill, Headquartered, heating, higher, holder, holding, hourly, HVAC, initial, intangible, investigation, jointly, JV, lessor, maker, measure, measurement, minimum, Missouri, North, Northwest, obtained, omitted, originated, Overnight, owed, pension, perpetuity, plant, policy, portion, Precoat, preferred, preliminary, prioritize, pro, range, redeem, remediation, remedy, renewal, repaid, replaced, retirement, Saskatchewan, Saskatoon, scope, Seller, Sequa, site, SOFR, St, subordinated, tangible, term, thereof, threshold, trailing, transportation, treated, valuation, ventilation
Removed:
accelerate, affiliated, Agency, amending, approved, attached, carry, CISA, clarifying, comprehensive, conform, consistency, copy, Cybersecurity, dated, declared, department, dip, divestiture, EBITDA, eliminating, enclosure, ensure, EPS, execute, Exhibit, existing, foregoing, fourth, health, hereto, Homeland, hot, impairment, implemented, improve, intended, lesser, mature, monitor, occurred, organization, payroll, publicly, purport, reclassified, refinanced, restrictive, resulted, safety, scheduled, Security, significantly, simplify, Simplifying, situation, spread, strain, temporary, varying, vendor, viral, World
Financial reports
Current reports
8-K/A
Combined Financial Statements
29 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
12 Jul 22
8-K
AZZ Inc. Reports Results for First Quarter of Fiscal Year 2023; Generates EPS of $0.96 and Adjusted EPS of $1.40
11 Jul 22
8-K
AZZ Inc. Announces Fiscal Year 2023 First Quarter
30 Jun 22
8-K
AZZ Inc. Enters Definitive Agreement to Divest Majority Interest in the Company’s Infrastructure Solutions Segment
27 Jun 22
8-K
Regulation FD Disclosure
16 Jun 22
8-K
Regulation FD Disclosure
7 Jun 22
8-K
AZZ Inc. Completes Acquisition of Precoat Metals from Sequa Corporation
16 May 22
8-K
Entry into a Material Definitive Agreement
9 May 22
8-K
Regulation FD Disclosure
25 Apr 22
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 Jun 22
DEFA14A
Additional proxy soliciting materials
22 Jun 22
DEFA14A
Additional proxy soliciting materials
16 Jun 22
DEFA14A
Additional proxy soliciting materials
1 Jun 22
PRE 14A
Preliminary proxy
13 May 22
DEFA14A
Additional proxy soliciting materials
1 Jun 21
DEFA14A
Additional proxy soliciting materials
27 May 20
DEF 14A
Definitive proxy
27 May 20
Other
SD
Conflict minerals disclosure
25 May 22
SD
Conflict minerals disclosure
27 May 21
SD
Conflict minerals disclosure
27 May 21
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
Ownership
4
AZZ / THOMAS E FERGUSON ownership change
10 Aug 22
SC 13G/A
AZZ / PRICE T ROWE ASSOCIATES ownership change
10 Aug 22
3
AZZ / Kurt L. Russell ownership change
21 Jul 22
4
AZZ / Steven R. Purvis ownership change
13 Jul 22
4
AZZ / Ed McGough ownership change
13 Jul 22
4
AZZ / Venita McCellon-Allen ownership change
13 Jul 22
4
AZZ / Carol R Jackson ownership change
13 Jul 22
4
AZZ / CLIVE A GRANNUM ownership change
13 Jul 22
4
AZZ / DANIEL R FEEHAN ownership change
13 Jul 22
4
AZZ / WALLACE P EISMAN ownership change
13 Jul 22
Transcripts
2023 Q1
Earnings call transcript
11 Jul 22
2022 Q4
Earnings call transcript
22 Apr 22
2022 Q3
Earnings call transcript
10 Jan 22
2022 Q2
Earnings call transcript
12 Oct 21
2022 Q1
Earnings call transcript
9 Jul 21
2021 Q4
Earnings call transcript
23 Apr 21
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
Reddit threads
Daily Discussion Thread - July 18th, 2022
18 Jul 22
Daily Discussion Thread - July 15th, 2022
15 Jul 22
(7/14) Thursday's Pre-Market Stock Movers & News
14 Jul 22
(7/13) Wednesday's Pre-Market Stock Movers & News
13 Jul 22
(7/12) Tuesday's Pre-Market Stock Movers & News
12 Jul 22
Daily Discussion Thread for July 12, 2022
12 Jul 22
Daily Discussion Thread - July 11th, 2022
11 Jul 22
Most anticipated earnings releases for the week beginning July 11, 2022
9 Jul 22
Earnings Calendar for Week of July 11: Is Pepsi OK?
9 Jul 22
Most Anticipated Earnings Releases for the week beginning July 11th, 2022
9 Jul 22