AZZ INC
For the period ended Feb 29, 2024. Filed Apr 22, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Apr 22, 2024
AZZ$125.71+2.9%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in thousands, except per share amounts)
| Year Ended | |||
|---|---|---|---|
| February 29, 2024 | February 28, 2023 | February 28, 2022 | |
| Sales | $1,537,589 | $1,323,649 | $525,598 |
| Cost of sales | 1,174,128 | 1,027,706 | 379,445 |
| Gross margin | 363,461 | 295,943 | 146,153 |
| Selling, general and administrative | 141,861 | 122,305 | 66,934 |
| Operating income | 221,600 | 173,638 | 79,219 |
| Interest expense | (107,065) | (88,800) | (6,363) |
| Equity in earnings of unconsolidated subsidiaries | 15,407 | 2,597 | — |
| Other income, net | 161 | 1,240 | 175 |
| Income from continuing operations before income taxes | 130,103 | 88,675 | 73,031 |
| Income tax expense | 28,496 | 22,336 | 23,214 |
| Net income from continuing operations | 101,607 | 66,339 | 49,817 |
| Income from discontinued operations, net of tax | — | 12,770 | 34,205 |
| Loss on disposal of discontinued operations, net of tax | — | (132,083) | — |
| Net income (loss) from discontinued operations | — | (119,313) | 34,205 |
| Net income (loss) | 101,607 | (52,974) | 84,022 |
| Dividends on preferred stock | (14,400) | (8,240) | — |
| Net income (loss) available to common shareholders | $87,207 | $(61,214) | $84,022 |
| Basic earnings (loss) per share | |||
| Earnings per common share from continuing operations | $3.48 | $2.34 | $2.00 |
| Earnings (loss) per common share from discontinued operations | $— | $(4.81) | $1.38 |
| Earnings (loss) per common share | $3.48 | $(2.47) | $3.38 |
| Diluted earnings (loss) per share | |||
| Earnings per common share from continuing operations | $3.46 | $2.33 | $1.99 |
| Earnings (loss) per common share from discontinued operations | $— | $(4.78) | $1.36 |
| Earnings (loss) per common share | $3.46 | $(2.45) | $3.35 |
| Weighted average shares outstanding - Basic | 25,041 | 24,828 | 24,855 |
| Weighted average shares outstanding - Diluted | 25,209 | 24,978 | 25,077 |
| Cash dividends declared per common share | $0.68 | $0.68 | $0.68 |
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