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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
Former names
AZTEC MANUFACTURING CO
SEC CIK
IRS number
750948250

AZZ stock data

(
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Calendar

11 Jan 21
12 Apr 21
28 Feb 22
Quarter (USD)
Nov 20 Aug 20 May 20 Nov 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Feb 20 Feb 19 Feb 18 Feb 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from AZZ earnings reports.

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

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 Prev Q Change
Total holders 173 164 +5.5%
Opened positions 27 16 +68.8%
Closed positions 18 27 -33.3%
Increased positions 45 60 -25.0%
Reduced positions 70 57 +22.8%
13F shares
Current Prev Q Change
Total value 1.1B 786.78M +39.8%
Total shares 23.18M 23.06M +0.5%
Total puts 0 30.1K EXIT
Total calls 60.9K 33.1K +84.0%
Total put/call ratio 0.9
Largest owners
Shares Value Change
BLK Blackrock 3.96M $187.64M -0.2%
Vanguard 2.63M $124.61M +2.3%
TROW T. Rowe Price 2.6M $123.21M +31.4%
Dimensional Fund Advisors 1.25M $59.36M -2.7%
STT State Street 795.52K $37.74M -4.4%
FMR 772.6K $36.65M +3.2%
LSV Asset Management 604.17K $28.66M -4.7%
GBL Gamco Investors 549.8K $26.08M +3.8%
Segall Bryant & Hamill 541.75K $25.7M +22.4%
Aristotle Capital Boston 529.47K $25.12M -4.2%
Largest transactions
Shares Bought/sold Change
TROW T. Rowe Price 2.6M +620.74K +31.4%
Norges Bank 297.8K +297.8K NEW
Millennium Management 0 -176.59K EXIT
Victory Capital Management 422.34K -151.03K -26.3%
Segall Bryant & Hamill 541.75K +99.26K +22.4%
Loomis Sayles & Co L P 94.45K +94.45K NEW
Panagora Asset Management 18.47K -90.09K -83.0%
Engine Capital Management 102.05K -88.68K -46.5%
Rutabaga Capital Management 51.17K -81.66K -61.5%
Clark Estates 0 -68.1K EXIT

Financial report summary

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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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