secwatch.observer — SEC 8-K summary
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Issuer:     AZZ INC (AZZ)
CIK:        0000008947
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0000008947-23-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AZZ reports FY2023 record sales $1.32B, adjusted EPS $3.48, reaffirms FY2024 guidance
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- Full year sales $1,323.6M (+20.5% YoY); GAAP diluted EPS $2.33; adjusted diluted EPS $3.48.
- Adjusted EBITDA $267.4M (20.2% of sales); Metal Coatings margin 29.7%, Precoat Metals 17.4%.
- Q4 sales $336.5M (+16% comparable); GAAP diluted EPS $0.15; adjusted EPS $0.30.
- FY2024 guidance reaffirmed: sales $1.40-$1.55B, adj. EBITDA $300-$325M, adj. EPS $3.85-$4.35.
- Net leverage reduced to 3.5x; debt repaid $237.5M; FY2024 capex ~$80M for new coil coating plant.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8947/000000894723000041/0000008947-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8947/000000894723000041/azz-20230425.htm
  HTML page:      https://secwatch.observer/filing/0000008947-23-000041

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