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AlphaSense @AlphaSenseInc on x 24.9K followers
Created: 2025-07-09 20:17:02 UTC
$AZZ Earnings:
- Total Sales of $XXXXX million, up XXX%
- Metal Coatings sales of $XXXXX million, up XXX%
- Precoat Metals sales of $XXXXX million, down XXX%
- GAAP diluted EPS of $XXXX per share, up 510.1%; Adjusted diluted EPS of $1.78, up XXXX%
- Net Income of $XXXXX million, up 331.6%; Adjusted net income of $XXXX million, up XXXX%
- $XXXXX million cash received from our minority interest in AVAIL related to the sale of the Electrical Products Group to nVent Electric plc
- Adjusted EBITDA of $XXXXX million or XXXX% of sales, versus prior year of $XXXX million, or XXXX% of sales
Tom Ferguson, President, and Chief Executive Officer of AZZ, commented, "We are off to a great start in the fiscal year as sales grew to $XXXXX million, up XXX% over the prior year, with Adjusted diluted EPS of $XXXX up 21.9%. Consolidated Adjusted EBITDA grew to $XXXXX million, or XXXX% of sales, primarily driven by higher volume for hot-dip galvanized steel and operational productivity over the prior year. Metal Coatings benefited from improved zinc utilization and delivered an Adjusted EBITDA margin of 32.9%. Precoat Metals' Adjusted EBITDA margin improved to 20.7%, primarily due to favorable mix and improved operational performance. While volumes were slightly lower for Precoat Metals, customer demand improved, as shipments of customer inventories increased compared to first quarter of last year.
Our fiscal first quarter cash from operations of $XXXXX million, including proceeds from AVAIL's sale of the Electrical Products Group, allowed us to reduce debt by $XXXXX million. We ended the quarter with a net leverage ratio of 1.7x. Subsequent to the quarter, we successfully closed a bolt-on acquisition within our Metal Coatings segment and announced the increase of our quarterly cash dividend to common shareholders from $XXXX to $XXXX per share. I want to thank all of our dedicated AZZ employees for their hard work, dedicated focus on sales volume, and productivity improvements. Our employees continue to demonstrate their pride and passion for delivering outstanding quality and service to our customers, while driving operational excellence. We are on track to set new profitability records in fiscal year 2026 as we continue to execute on our strategic plans." Ferguson concluded.
XXXXX engagements
