AZZ INC

For the period ended Nov 30, 2025. Filed Jan 7, 2026.

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.

Nov 30, 2025 · Filed Jan 7, 2026

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

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Contents

Item 1. Condensed Consolidated Balance Sheets

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except par value)

	As of
	November 30, 2025	February 28, 2025
Assets
Current assets:
Cash and cash equivalents	$623	$1,488
Trade accounts receivable, net of allowance for credit losses of $369 and $419 at November 30, 2025 and February 28, 2025, respectively	148,318	135,149
Other receivables	24,925	12,932
Inventories	107,477	112,313
Contract assets	110,409	106,507
Prepaid expenses and other	9,011	7,055
Total current assets	400,763	375,444
Property, plant and equipment, net	604,091	592,941
Right-of-use assets	30,940	25,951
Goodwill	713,998	703,863
Deferred tax assets	4,004	3,620
Intangible assets, net	415,288	421,850
Investment in AVAIL joint venture	58,570	99,379
Other assets	3,253	4,053
Total assets	$2,230,907	$2,227,101
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$117,183	$106,471
Income taxes payable	12,458	602
Accrued salaries and wages	31,658	37,742
Other accrued liabilities	71,219	68,428
Lease liability, short-term	9,501	7,749
Total current liabilities	242,019	220,992
Long-term debt, net	534,746	852,365
Lease liability, long-term	22,362	19,012
Deferred tax liabilities	68,065	42,819
Other long-term liabilities	44,467	46,418
Total liabilities	911,659	1,181,606
Commitments and contingencies (Note 19)
Shareholders' equity:
Common stock, $1 par value; 100,000 shares authorized; 29,856 and 29,913 shares issued and outstanding at November 30, 2025 and February 28, 2025, respectively	29,856	29,913
Capital in excess of par value	426,800	418,004
Retained earnings	873,589	609,158
Accumulated other comprehensive loss	(10,997)	(11,580)
Total shareholders' equity	1,319,248	1,045,495
Total liabilities and shareholders' equity	$2,230,907	$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.