AZZ INC

For the period ended Aug 31, 2024. Filed Oct 9, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Aug 31, 2024 · Filed Oct 9, 2024

AZZ$125.71+2.9%Stored close · as of Nov 6, 2026

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Contents

Condensed Consolidated Statements of Operations

(In thousands, except per share and dividend amounts)

	Three Months Ended August 31,		Six Months Ended August 31,
	2024	2023	2024	2023
Sales	$409,007	$398,542	$822,215	$789,415
Cost of sales	305,493	301,296	616,031	595,150
Gross margin	103,514	97,246	206,184	194,265
Selling, general and administrative	35,868	36,239	68,789	67,762
Operating income	67,646	61,007	137,395	126,503
Interest expense, net	(21,909)	(27,770)	(44,683)	(56,476)
Equity in earnings of unconsolidated subsidiaries	1,478	974	5,302	2,394
Other income, net	417	88	621	50
Income before income taxes	47,632	34,299	98,635	72,471
Income tax expense	12,213	5,967	23,614	15,617
Net income	35,419	28,332	75,021	56,854
Series A Preferred Stock Dividends	—	(3,600)	(1,200)	(7,200)
Redemption premium on Series A Preferred Stock	—	—	(75,198)	—
Net income (loss) available to common shareholders	$35,419	$24,732	$(1,377)	$49,654
Basic earnings (loss) per common share	$1.19	$0.99	$(0.05)	$1.99
Diluted earnings (loss) per common share	$1.18	$0.97	$(0.05)	$1.95
Weighted average shares outstanding - Basic	29,852	25,054	28,294	24,997
Weighted average shares outstanding - Diluted	30,057	29,210	28,294	29,196
Cash dividends declared per common share	$0.17	$0.17	$0.34	$0.34

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.