AZZ INC

For the period ended May 31, 2025. Filed Jul 9, 2025.

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.

May 31, 2025 · Filed Jul 9, 2025

AZZ$132.82+5.7%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Item 1. Condensed Consolidated Balance Sheets

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except par value)

	As of
	May 31, 2025	February 28, 2025
Assets
Current assets:
Cash and cash equivalents	$3,043	$1,488
Trade accounts receivable, net of allowance for credit losses of $431 and $419 at May 31, 2025 and February 28, 2025, respectively	153,496	135,149
Other receivables	14,919	12,932
Inventories	110,759	112,313
Contract assets	109,093	106,507
Prepaid expenses and other	16,635	7,055
Total current assets	407,945	375,444
Property, plant and equipment, net	597,892	592,941
Right-of-use assets	27,544	25,951
Goodwill	704,873	703,863
Deferred tax assets	4,015	3,620
Intangible assets, net	413,207	421,850
Investment in AVAIL joint venture	—	99,379
Other assets	3,709	4,053
Total assets	$2,159,185	$2,227,101
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$107,196	$106,471
Income taxes payable	54,608	602
Accrued salaries and wages	20,458	37,742
Other accrued liabilities	79,631	68,428
Lease liability, short-term	8,204	7,749
Total current liabilities	270,097	220,992
Long-term debt, net	569,807	852,365
Lease liability, long-term	20,168	19,012
Deferred tax liabilities	39,355	42,819
Other long-term liabilities	45,460	46,418
Total liabilities	944,887	1,181,606
Commitments and contingencies (Note 18)
Shareholders’ equity:
Common stock, $1 par value; 100,000 shares authorized; 30,007 and 29,913 shares issued and outstanding at May 31, 2025 and February 28, 2025, respectively	30,007	29,913
Capital in excess of par value	418,399	418,004
Retained earnings	774,981	609,158
Accumulated other comprehensive loss	(9,089)	(11,580)
Total shareholders’ equity	1,214,298	1,045,495
Total liabilities and shareholders' equity	$2,159,185	$2,227,101

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.