AZZ INC
For the period ended Feb 28, 2025. Filed Apr 21, 2025.
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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.
FY2025 · Filed Apr 21, 2025
AZZ$125.71+2.9%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(in thousands, except per share amounts)
| Year Ended | |||
|---|---|---|---|
| February 28, 2025 | February 29, 2024 | February 28, 2023 | |
| Sales | $1,577,744 | $1,537,589 | $1,323,649 |
| Cost of sales | 1,195,064 | 1,174,128 | 1,027,706 |
| Gross margin | 382,680 | 363,461 | 295,943 |
| Selling, general and administrative | 146,316 | 141,861 | 122,305 |
| Operating income | 236,364 | 221,600 | 173,638 |
| Interest expense | (81,282) | (107,065) | (88,800) |
| Equity in earnings of unconsolidated subsidiaries | 16,163 | 15,407 | 2,597 |
| Other income (expense), net | (562) | 161 | 1,240 |
| Income from continuing operations before income taxes | 170,683 | 130,103 | 88,675 |
| Income tax expense | 41,850 | 28,496 | 22,336 |
| Net income from continuing operations | 128,833 | 101,607 | 66,339 |
| Income from discontinued operations, net of tax | — | — | 12,770 |
| Loss on disposal of discontinued operations, net of tax | — | — | (132,083) |
| Net loss from discontinued operations | — | — | (119,313) |
| Net income (loss) | 128,833 | 101,607 | (52,974) |
| Series A Preferred Stock Dividends | (1,200) | (14,400) | (8,240) |
| Redemption premium on Series A Preferred Stock | (75,198) | — | — |
| Net income (loss) available to common shareholders | $52,435 | $87,207 | $(61,214) |
| Basic earnings (loss) per share | |||
| Earnings per common share from continuing operations | $1.80 | $3.48 | $2.34 |
| Loss per common share from discontinued operations | $— | $— | $(4.81) |
| Earnings (loss) per common share | $1.80 | $3.48 | $(2.47) |
| Diluted earnings (loss) per share | |||
| Earnings per common share from continuing operations | $1.79 | $3.46 | $2.33 |
| Loss per common share from discontinued operations | $— | $— | $(4.78) |
| Earnings (loss) per common share | $1.79 | $3.46 | $(2.45) |
| Weighted average shares outstanding - Basic | 29,086 | 25,041 | 24,828 |
| Weighted average shares outstanding - Diluted | 29,344 | 25,209 | 24,978 |
| Cash dividends declared per common share | $0.68 | $0.68 | $0.68 |
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