secwatch.observer — SEC 8-K summary
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Issuer:     AZZ INC (AZZ)
CIK:        0000008947
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0000008947-24-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AZZ reports record FY2024 sales of $1.54B, adjusted EPS $4.53 up 34.8% YoY
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- FY2024 total sales $1,537.6M (+16.2%); Precoat Metals sales up 28.4% to $881.4M.
- Diluted EPS $3.46 (+48.5%); adjusted EPS $4.53 (+34.8%); net income $101.6M (+53.2%).
- Q4 sales $366.5M (+8.9%); adjusted EPS $0.93 (+210%); adjusted EBITDA $73.9M (20.2% of sales).
- Cash from operations $244.5M, up from $91.4M; debt reduced by $115M to net leverage 2.9x.
- Segment EBITDA margins: Metal Coatings 30.0%, Precoat Metals 19.0% for full year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8947/000000894724000043/0000008947-24-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8947/000000894724000043/azz-20240422.htm
  HTML page:      https://secwatch.observer/filing/0000008947-24-000043

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer