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AZZ INC

For the period ended Feb 28, 2026. Filed Apr 22, 2026.

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About this filing

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.

FY2026 · Filed Apr 22, 2026

AZZ$130.81-1.5%Stored close · as of Nov 10, 2026

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

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Contents

Item 8. Consolidated Statements of Cash Flows

Year Ended
February 28, 2026February 28,2025February 29,2024
Cash flows from operating activities
Net income available to common shareholders$317,260$52,435$87,207
Plus: Dividends on Series A Preferred Stock—1,20014,400
Plus: Redemption premium on Series A Preferred Stock—75,198—
Net income317,260128,833101,607
Adjustments to reconcile net income to net cash provided by operating activities:
Bad debt expense (recovery)(78)5,058(67)
Depreciation and amortization90,05682,20579,423
Deferred income taxes32,8287,9694,685
Equity in earnings of unconsolidated entities(209,733)(16,163)(15,407)
Distribution on investment in AVAIL joint venture273,22312,5653,113
Restructuring charges3,744——
Net loss (gain) on sale of property, plant and equipment(4,403)(368)61
Amortization of debt financing costs13,05712,51312,171
Share-based compensation expense14,83213,2619,510
Changes in current assets and current liabilities59717,11054,002
Changes in other long-term assets and long-term liabilities(5,937)(13,074)(4,630)
Net cash provided by operating activities525,446249,909244,468
Cash flows from investing activities
Purchase of property, plant and equipment(80,776)(115,883)(95,119)
Acquisition of subsidiaries, net of cash acquired(30,144)——
Proceeds from sale or insurance settlements of property, plant and equipment5,82788655
Proceeds from return of investment on the AVAIL JV13,611——
Net cash used in investing activities(91,482)(114,997)(95,064)
Cash flows from financing activities
Proceeds from issuance of common stock3,591311,4632,364
Redemption of Series A Preferred Stock—(308,920)—
Tax payments related to common stock issued under stock-based plans(5,104)(5,239)(1,711)
Proceeds from Revolving Credit Facility726,000326,000249,000
Payments on Revolving Credit Facility(706,000)(326,000)(314,000)
Proceeds from Receivables Securitization Facility150,000——
Payments on Securitization Loan Debt(20,000)——
Payments of debt financing costs(1,803)(1,903)(1,699)
Payments on long-term debt and finance leases(537,731)(110,988)(50,424)
Repurchase and retirement of treasury stock(20,000)——
Payments of dividends(23,075)(23,108)(31,418)
Net cash used in financing activities(434,122)(138,695)(147,888)
Effect of exchange rate changes on cash(625)92213
Net increase (decrease) in cash and cash equivalents(783)(2,861)1,529
Cash and cash equivalents at beginning of period1,4884,3492,820
Cash and cash equivalents at end of period$705$1,488$4,349
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.