Highest-materiality recent filing
AZZ refinances revolver; maturity extended to 2029, margins cut 50 bps
Seventh Amendment dated May 7, 2026; initial revolver replaced with extended commitments maturing May 7, 2029.
AZZ Inc. Reports Record Full-Year Sales of $1.65B and Adjusted EPS of $6.19 for FY2026
Total sales of $1.65B, up 4.6% YoY; Metal Coatings sales rose 14.1% to $758.7M
AZZ Q3 FY2026 sales $425.7M (+5.5%), adj. EPS $1.52 (+9.4%), narrows guidance
Net income $41.1M (+22.2%); GAAP diluted EPS $1.36 (+21.4%).
AZZ Q2 sales up 2% to $417M; GAAP EPS $2.95 (+150%), Adj EPS $1.55 (+13%); guidance unchanged
Net income $89.3M (+152%); GAAP diluted EPS $2.95 (+150%); adjusted diluted EPS $1.55 (+13.1%).
AZZ reports record Q1 sales $422M, adj. EPS $1.78, raises FY2026 guidance
Total sales $422.0M (+2.1% YoY); Metal Coatings $187.2M (+6%), Precoat Metals $234.7M (-0.8%).
AZZ reports record FY2025 sales of $1.58B; adjusted EPS up 14.8% to $5.20
Full-year sales $1,577.7M (+2.6%); net income $128.8M (+26.8%).
Vellines will serve as President & COO of Precoat Metals effective March 1, 2025, with an annual base salary of $435,000.
AZZ reports Q3 sales up 5.8% to $403.7M; GAAP EPS $1.12 (+21.7%); raises FY guidance
Total sales $403.7M (+5.8% YoY); Metal Coatings $168.6M (+3.3%), Precoat Metals $235.1M (+7.6%).
AZZ Q2 FY2025: Adj EPS $1.37, sales $409M, guidance raised
Total sales $409.0M (+2.6% YoY); Metal Coatings $171.5M (+1.0%), Precoat Metals $237.5M (+3.8%).
AZZ reprices $890M Term Loan B, cuts margin 75 bps to SOFR+250; expects $7M annual savings
Reduced Term Loan B interest rate margin by 75 bps to Adjusted Term SOFR + 250 bps (from +325 bps).
AZZ Q1 sales up 5.7% to $413.2M; adj. EPS $1.46 (+28%); redeems preferred stock
Net income $39.6M (+38.8%); GAAP diluted loss per share $1.38 due to $75.2M preferred redemption premium.
AZZ Inc. redeems all 240,000 shares of Series A Preferred Stock for $308.9M
Redeemed all 240,000 outstanding shares of 6.00% Series A Convertible Preferred Stock.
AZZ closes $322M common stock offering; proceeds to redeem preferred shares
Closed public offering of 4,600,000 shares at $70.00 per share, including full exercise of underwriters' option for 600,000 additional shares.
AZZ Inc. prices 4M share public offering at $70/share; to redeem all Series A preferred for $309M
Gross proceeds of $280M from 4,000,000 shares at $70.00 per share; underwriters have 30-day option for additional 600,000 shares.
AZZ Inc. announces public offering of 4.0M common shares to redeem preferred stock
AZZ is offering 4.0M shares of common stock in underwritten public offering; underwriters can buy up to an additional 15% over 30 days.
AZZ reports record FY2024 sales of $1.54B, adjusted EPS $4.53 up 34.8% YoY
FY2024 total sales $1,537.6M (+16.2%); Precoat Metals sales up 28.4% to $881.4M.
AZZ CFO Philip Schlom to retire Nov 4, 2024; Jason Crawford named successor
Philip Schlom will retire as CFO on November 4, 2024, completing his employment term.
On January 16, 2025, the Board of Directors (the “ Board ”) of AZZ Inc. (the “ Company ”) appointed Jeff Vellines, 50, as President and Chief Operating Officer of the Company's Precoat Metals business segment to be effective as of March 1, 2025 (the “ Effective Date ”).
Kurt Russell, who currently serves as the Company’s Chief Operating Officer of the Precoat Metals business segment, will as of the same Effective Date, transition to the role of Senior Vice President and Chief Strategic Officer
Effective as of July 25, 2024, Tiffany Moseley will no longer serve as AZZ Inc.'s Chief Accounting Officer.
On May 29, 2024, the Board of Directors (the “ Board ”) of AZZ Inc. (the “ Company ”) appointed Mr. Jason Crawford to serve as Senior Vice President and Chief Financial Officer of the Company, effective June 3, 2024.
On May 10, 2024, Mr. David M. Kaden, Blackstone’s designee to the Board of Directors (the “ Board ”) of the Company, notified the Board of his resignation from the Board, effective immediately.
Philip Schlom has notified AZZ that he will complete the term under his existing employment agreement and then will retire from his role as the Company’s Senior Vice President and Chief Financial Officer, effective November 4, 2024.
At the end of Mr. Schlom’s employment term, Jason Crawford, 50, will be promoted to Senior Vice President and Chief Financial Officer.
Max materiality 0.90 · Median 0.50 · Most common event other_material