Company profile

Ticker
AZZ
Exchange
Website
CEO
Thomas E. Ferguson
Employees
Incorporated in
Location
Fiscal year end
Former names
Aztec Manufacturing Co
SEC CIK
IRS number
750948250

AZZ stock data

(
)

Calendar

29 Apr 20
2 Jul 20
28 Feb 21

News

Company financial data Financial data

Quarter (USD) Feb 20 Nov 19 Aug 19 May 19
Revenue 245.37M 291.14M 236.19M 289.12M
Net income -10.64M 22.04M 15.56M 21.28M
Diluted EPS -0.41 0.84 0.59 0.81
Net profit margin -4.34% 7.57% 6.59% 7.36%
Operating income -7.27M 33.43M 22.21M 30.97M
Net change in cash 22.4M 706K -3K -10.42M
Cash on hand 36.69M 14.29M 13.58M 13.59M
Cost of revenue 223.81M 183.5M 223.02M
Annual (USD) Feb 20 Feb 19 Feb 18 Feb 17
Revenue 1.06B 927.09M 810.43M 863.54M
Net income 48.23M 51.21M 45.17M 61.26M
Diluted EPS 1.84 1.96 1.73 2.35
Net profit margin 4.54% 5.52% 5.57% 7.09%
Operating income 79.34M 76.96M 48.25M 98.91M
Net change in cash 12.68M 3.15M 9.55M -28.89M
Cash on hand 36.69M 24.01M 20.85M 11.3M
Cost of revenue 824.59M 728.47M 650.12M 658.21M

Financial data from AZZ earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
22 May 20 Bacius Chris M. COMMON STOCK Option exercise Aquire M 0 861 0 10,885
22 May 20 Emery Matthew Varley COMMON STOCK Payment of exercise Dispose F 31.28 213 6.66K 8,471
22 May 20 Emery Matthew Varley COMMON STOCK Option exercise Aquire M 0 861 0 8,669
22 May 20 Emery Matthew Varley RSU COMMON STOCK Option exercise Dispose M 0 861 0 1,723
22 May 20 Doucet Michael COMMON STOCK Payment of exercise Dispose F 31.28 93 2.91K 2,259
22 May 20 Doucet Michael COMMON STOCK Option exercise Aquire M 0 6 0 2,352
22 May 20 Doucet Michael COMMON STOCK Option exercise Aquire M 0 382 0 2,346
22 May 20 Doucet Michael RSU COMMON STOCK Option exercise Dispose M 0 382 0 766
22 May 20 Bacius Chris M. COMMON STOCK Payment of exercise Dispose F 31.28 213 6.66K 10,687
22 May 20 Bacius Chris M. COMMON STOCK Option exercise Aquire M 0 15 0 10,900
86.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 160 173 -7.5%
Opened positions 23 28 -17.9%
Closed positions 36 28 +28.6%
Increased positions 59 64 -7.8%
Reduced positions 52 55 -5.5%
13F shares
Current Prev Q Change
Total value 639.07M 1.06B -39.9%
Total shares 22.72M 23.13M -1.8%
Total puts 10.7K 28.4K -62.3%
Total calls 43.1K 70.5K -38.9%
Total put/call ratio 0.2 0.4 -38.4%
Largest owners
Shares Value Change
BLK BlackRock 4.07M $114.39M +0.3%
Vanguard 2.79M $78.37M +0.7%
N Price T Rowe Associates 1.99M $55.91M -0.2%
Van Berkom & Associates 1.71M $48.04M +7.2%
Dimensional Fund Advisors 1.19M $33.46M -0.2%
STT State Street 857.81K $24.12M +6.2%
Victory Capital Management 700.18K $19.69M -7.7%
FMR 651.65K $18.32M +0.2%
Nuveen Asset Management 629.41K $17.7M +20.9%
Aristotle Capital Boston 429.92K $12.09M +22.6%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -354.28K EXIT
Frontier Capital Management 298.5K +298.5K NEW
Wellington Management 297.59K -209.52K -41.3%
Walthausen & Co. 150.79K +150.79K NEW
Marshall Wace 72.79K -145.85K -66.7%
DB Deutsche Bank 14.36K -126.98K -89.8%
Van Berkom & Associates 1.71M +114.56K +7.2%
Nuveen Asset Management 629.41K +108.76K +20.9%
GBL Gamco Investors, Inc. Et Al 234.4K +99.7K +74.0%
A.R.T. Advisors 0 -84.19K EXIT

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
  • For the fiscal year ended February 29, 2020, we recorded net sales of $1,061.8 million compared to prior year’s net sales of $927.1 million. Of total net sales for fiscal 2020, approximately 47.0% were generated from the Metal Coatings segment and approximately 53.0% of our net sales were generated from the Energy segment. Net income for fiscal 2020 was $48.2 million compared to $51.2 million for fiscal 2019. Net income as a percentage of net sales was 4.5% for fiscal 2020 as compared to 5.5% for fiscal 2019. Earnings per share decreased by 6.1% to $1.84 per share for fiscal 2020 compared to $1.96 per share for fiscal 2019, on a diluted basis.
  • The results for fiscal 2020 include a loss on divestiture of $18.6 million related to the sale of our nuclear logistics business and impairment charges of $9.2 million related to the exit from the nuclear certified portion of our industrial welding solutions business.
  • Our entire backlog, which is inclusive of transaction taxes for certain foreign subsidiaries, relates to our Energy segment. We ended fiscal 2020 with a backlog of $243.8 million, a decrease of $89.1 million or 26.8% compared to fiscal 2019. The book to revenue ratio decreased in fiscal 2020 as compared to fiscal 2019. The book to revenue ratio was 0.92 to 1 for fiscal 2020 and 1.07 to 1 for fiscal 2019. The reduction in book to revenue ratio in fiscal 2020 resulted from a current year reduction in backlog in China as we completed several large orders received in prior years.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: accuracy, addressed, addressing, advantage, Agency, Aid, alter, assertion, ATI, automotive, broadened, brought, capability, care, CISA, clarifying, Cloud, CODM, composition, conjunction, Crane, Cybersecurity, divest, divesting, effort, emergency, epidemic, exceeding, Exterran, feet, forty, forward, foundation, galvabar, globe, Homeland, hosting, HVAC, immaterial, inclusive, inconsistent, incorrectly, indemnity, input, inquired, inspecting, install, issuable, judgement, knowledge, lapse, length, lesser, lightly, logistic, maker, marine, Maryland, mutually, network, NuZinc, opposed, Organization, outlook, outright, pandemic, paragraph, Parker, point, Preferred, preliminary, presence, preserve, pressure, proceeding, procure, prolonged, PSU, reclassified, recommended, recomputed, RSU, sample, satisfactorily, seasonality, SecretaryChief, shelf, shelter, situation, software, Southwest, specialist, spread, square, statute, strain, stronger, substance, substantive, successfully, SuperMedia, surface, suspension, team, temporarily, Thornton, travel, unique, unstable, unvested, viral, world
Removed: acquire, Africa, armed, ASC, attractive, BDO, carryforward, certification, classification, cliff, commencing, country, deepwater, East, Eastern, entity, exploration, expose, integrator, lawsuit, majeure, manufacturer, Middle, Millington, Northern, occurring, offshore, optimize, PEI, realignment, refinery, reimbursement, release, seaboard, solar, spend, subheading, succeeding, thereon, undistributed, USA, weaken, Zalk