AZZ INC AZZ

Industrials SIC 3470 - Coating, Engraving & Allied Services NAICS Manufacturing › Fabricated Metal Product Manufacturing › Coating, Engraving, Heat Treating, and Allied Activities › Electroplating, Plating, Polishing, Anodizing, and Coloring derived NYSE

AZZ Inc. ("AZZ", the "Company", "our" or "we") was established in 1956 and incorporated under the laws of the state of Texas. We are a provider of hot-dip galvanizing and coil coating solutions to a broad range of end markets in North America. We have three distinct operating segments: the AZZ Metal Coatings segment, the AZZ Precoat Metals segment, and the AZZ Infrastructure Solutions segment. Our AZZ Metal Coatings segment is a leading provider of metal coating solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing and plating to the North American steel fabrication industry and other industries. The AZZ Precoat Metals segment provides aesthetic and corrosion protective coatings and related value-added services for steel and aluminum coil, primarily serving the construction; appliance; heating, ventilation, and air conditioning (HVAC); container; transportation and other end markets in North America. The AZZ Infrastructure Solutions segment ("AIS") represents our 40% non-controlling interest in the AIS Investment Holdings LLC (the "AVAIL JV"). AIS Investment Holdings LLC is primarily dedicated to delivering safe and reliable transmission of power from generation sources to end customers, and automated weld overlay solutions for corrosion and erosion mitigation to critical infrastructure in markets worldwide.

Last close 132.36 2026-10-23
Market cap $3.98B 2026-05-31 share count
52-week range 94.61 - 162.20

Valuation FY2025 figures against the last close

P/S2.4x
P/E12.6x
P/FCF8.9x
EV/EBITDA12.6x
Dividend yield0.6%
Diluted EPS10.50

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Canada
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 1.6B (97.2%) 97% United States Canada, FY2025: 46.2M (2.8%) FY2024 United States, FY2024: 1.5B (97.4%) 97% Canada, FY2024: 40.5M (2.6%) FY2023 United States, FY2023: 1.5B (97.5%) 97% Canada, FY2023: 39.2M (2.5%)
Region FY2025FY2024FY2023
United States $1.60B $1.54B $1.50B
Canada $46.2M $40.5M $39.2M

As the company reported it, from the “Operating Segments (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Precoat Metals
  • Metal Coatings
  • Other
Revenue by segment, 3 categories over 3 years. The same figures are in the table below. FY2025 Precoat Metals, FY2025: 891.4M (54.0%) 54% Precoat Metals Metal Coatings, FY2025: 758.7M (46.0%) 46% Metal Coatings Other, FY2025: 0 (0.0%) FY2024 Precoat Metals, FY2024: 912.6M (57.8%) 58% Metal Coatings, FY2024: 665.1M (42.2%) 42% Other, FY2024: 0 (0.0%) FY2023 Precoat Metals, FY2023: 881.4M (57.3%) 57% Metal Coatings, FY2023: 656.2M (42.7%) 43% Other, FY2023: 0 (0.0%)
Segment FY2025FY2024FY2023
Precoat Metals $891.4M $912.6M $881.4M
Metal Coatings $758.7M $665.1M $656.2M
Other $0 $0 $0

As the company reported it, from the “Operating Segments (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.65B$1.58B$1.54B$1.32B$525.6M$480.6M$1.06B$927.1M$810.4M$863.5M
Cost of revenue $1.26B$1.20B$1.17B$1.03B$379.4M$357.7M$824.6M$728.5M$650.1M$658.2M
Gross profit $395.0M$382.7M$363.5M$295.9M$146.2M$122.9M$237.2M$198.6M$160.3M$205.3M
SG&A $130.3M$146.3M$141.9M$122.3M$66.9M$59.3M$139.3M$121.7M$112.1M$106.4M
Operating income $264.6M$236.4M$221.6M$173.6M$79.2M$47.5M$79.3M$77.0M$48.2M$98.9M
Interest expense $55.6M$81.3M$107.1M$88.8M$6.4M$9.5M$13.5M$15.0M$13.9M$14.7M
Pre-tax income $420.3M$170.7M$130.1M$88.7M$73.0M$38.4M$64.9M$63.0M$30.9M$85.3M
Income tax $103.1M$41.9M$28.5M$22.3M$23.2M$11.2M$16.7M$11.8M$14.3M$24.0M
Net income $317.3M$52.4M$87.2M-$61.2M$84.0M$39.6M$48.2M$51.2M$45.2M$61.3M
EPS, basic 10.591.803.48-2.473.381.531.841.971.742.36
EPS, diluted 10.501.793.46-2.453.351.521.841.961.732.35
Shares, diluted (wtd. avg.) 30.2M29.3M25.2M25.0M25.1M26.0M26.3M26.1M26.0M26.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $705.0K$1.5M$4.3M$2.8M$12.1M$11.8M$36.7M$24.0M$20.9M$11.3M
Receivables $142.6M$135.1M$142.2M$156.4M$85.1M$128.8M$139.2M$144.9M$141.5M$138.5M
Inventory $113.4M$112.3M$117.7M$143.9M——$99.8M$124.8M$110.8M$94.0M
Total current assets $395.4M$375.4M$367.0M$417.4M$386.5M$305.1M$354.6M$378.5M$329.2M$297.1M
Property, plant and equipment $609.3M$592.9M$541.7M$498.5M$193.4M$207.1M$213.1M$210.2M$216.9M$228.6M
Goodwill $714.8M$703.9M$705.5M$702.5M$190.4M$353.9M$356.2M$323.8M$321.3M$306.6M
Other intangibles $409.7M$421.9M$445.4M$469.4M$39.1M$91.4M$106.7M$130.2M$160.9M$146.1M
Total assets $2.21B$2.23B$2.20B$2.22B$1.13B$999.2M$1.07B$1.09B$1.03B$978.4M
Accounts payable $114.6M$106.5M$88.0M$84.3M$24.8M$41.5M$62.0M$53.0M$54.2M$49.8M
Short-term debt ————$0$0$125.0M$0$14.3M$16.6M
Total current liabilities $232.3M$221.0M$194.3M$187.2M$150.5M$116.6M$280.6M$164.8M$131.7M$136.8M
Long-term debt $477.7M$852.4M$952.7M$1.06B$226.5M$178.4M$77.9M$240.7M$286.6M$254.8M
Total liabilities $876.4M$1.18B$1.26B$1.37B$465.7M$375.9M$439.5M$484.8M$463.0M$445.2M
Retained earnings $883.5M$609.2M$576.2M$506.0M$584.2M$547.3M$572.4M$547.7M$526.0M$498.5M
Total equity $1.34B$1.05B$700.8M$619.7M$667.4M$623.3M$634.4M$603.7M$565.2M$533.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $525.4M$249.9M$244.5M$91.4M$60.6M$109.1M$142.3M$110.5M$76.8M$111.2M
Depreciation and amortisation $90.1M$82.2M$79.4M$74.6M$32.1M$32.1M$50.2M$50.2M$50.5M$50.4M
Stock-based compensation $14.8M$13.3M$9.5M$8.4M$9.4M$7.3M$6.3M$4.7M$6.1M$5.9M
Capital expenditure $80.8M$115.9M$95.1M$57.1M$23.6M$27.2M$32.6M$24.6M$29.6M$41.4M
Investing cash flow -$91.5M-$115.0M-$95.1M-$1.23B-$82.1M-$19.1M-$69.3M-$31.1M-$73.9M-$63.3M
Financing cash flow -$434.1M-$138.7M-$147.9M$1.03B$912.0K-$88.4M-$59.7M-$74.8M$5.9M-$76.6M
Dividends paid $23.1M$23.1M$31.4M$22.7M$16.9M$17.6M$17.8M$17.7M$17.7M$16.6M
Buybacks $20.0M$0$0$0$30.8M$48.3M$5.8M$0$7.5M$5.3M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-066068.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B 2B Revenue, FY2016: 863.5M Gross profit, FY2016: 205.3M Net income, FY2016: 61.3M Revenue, FY2017: 810.4M Gross profit, FY2017: 160.3M Net income, FY2017: 45.2M Revenue, FY2018: 927.1M Gross profit, FY2018: 198.6M Net income, FY2018: 51.2M Revenue, FY2019: 1.1B Gross profit, FY2019: 237.2M Net income, FY2019: 48.2M Revenue, FY2020: 480.6M Gross profit, FY2020: 122.9M Net income, FY2020: 39.6M Revenue, FY2021: 525.6M Gross profit, FY2021: 146.2M Net income, FY2021: 84M Revenue, FY2022: 1.3B Gross profit, FY2022: 295.9M Net income, FY2022: -61.2M Revenue, FY2023: 1.5B Gross profit, FY2023: 363.5M Net income, FY2023: 87.2M Revenue, FY2024: 1.6B Gross profit, FY2024: 382.7M Net income, FY2024: 52.4M Revenue, FY2025: 1.7B Gross profit, FY2025: 395M Net income, FY2025: 317.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $863.5M $810.4M $927.1M $1.06B $480.6M $525.6M $1.32B $1.54B $1.58B $1.65B
Gross profit $205.3M $160.3M $198.6M $237.2M $122.9M $146.2M $295.9M $363.5M $382.7M $395.0M
Net income $61.3M $45.2M $51.2M $48.2M $39.6M $84.0M -$61.2M $87.2M $52.4M $317.3M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event Item 8.01
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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