AZZ Inc Stock Research

Market Summary

USD34.91-0.67

Market Closed

-1.88%

AZZ Alerts

Big jump in Revenue (Y/Y)
Big fall in earnings (Y/Y)
Losses in recent quarter

AZZ Stock Price

AZZ RSI Chart

AZZ Valuation

Market Cap

869.7M

Price/Earnings (Trailing)

-7.55

Price/Sales (Trailing)

0.66

EV/EBITDA

3.44

Price/Free Cashflow

25.35

AZZ Price/Sales (Trailing)

AZZ Profitability

Operating Margin

23.37%

EBT Margin

8.78%

Return on Equity

-3.8%

Return on Assets

-1.47%

Free Cashflow Yield

3.95%

AZZ Fundamentals

AZZ Revenue

Revenue (TTM)

1.3B

Revenue Y/Y

159.12%

Revenue Q/Q

-9.86%

AZZ Earnings

Earnings (TTM)

-115.2M

Earnings Y/Y

-383.11%

Earnings Q/Q

-197.99%

Price Action

52 Week Range

30.0647.33

(Low)(High)

Last 7 days

-0.9%

Last 30 days

-7.7%

Last 90 days

-15.4%

Trailing 12 Months

-21.3%

AZZ Financial Health

Current Ratio

1.84

AZZ Investor Care

Dividend Yield

1.95%

Dividend/Share (TTM)

0.68

Shares Dilution (1Y)

0.91%

Diluted EPS (TTM)

-4.37

Peers (Alternatives to AZZ)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ETN	70.1B	21.4B	4.22%	28.26%	27.31	3.28	8.16%	15.68%
EMR	44.4B	17.5B	-6.80%	-11.36%	9.28	2.54	-0.55%	66.86%
AME	32.0B	6.2B	4.11%	20.25%	27.55	5.19	10.89%	14.33%
HUBB	15.2B	5.1B	3.52%	48.77%	27.69	2.99	15.55%	13.16%
MID-CAP
GNRC	6.6B	4.3B	6.24%	-55.92%	16.49	1.44	6.18%	-42.16%
PLUG	5.5B	770.9M	-5.78%	-54.98%	-7.58	7.83	34.97%	-39.30%
AYI	4.8B	4.1B	-5.17%	-13.83%	12.74	1.17	10.32%	9.37%
BE	3.5B	1.3B	-16.95%	-21.69%	-11.03	2.9	30.03%	-62.95%
SMALL-CAP
EAF	1.1B	1.1B	0.70%	-50.58%	4.38	1.04	-25.14%	-39.23%
AZZ	869.7M	1.3B	-7.69%	-21.28%	-7.55	0.66	151.84%	-237.17%
THR	768.4M	420.7M	8.11%	45.74%	22.18	1.83	28.88%	234.59%
LYTS	327.0M	493.5M	-10.40%	76.04%	15.23	0.66	27.59%	171.54%
OESX	47.6M	77.8M	-2.96%	-33.86%	-1.57	0.61	-43.54%	-203.44%
EFOI	8.1M	4.8M	0.94%	-52.86%	-0.92	1.66	-47.93%	3.39%

Financials for AZZ

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	8.1%	1,324	1,224	986	711	526
Gross Profit	0.3%	296	295	260	194	146
S&GA Expenses	-5.3%	122	129	118	97.00	67.00
EBITDA	6.4%	236	222	167	-	-
EBITDA Margin	-9.4%	0.15*	0.16*	0.17*	-	-
Earnings Before Taxes	-7.7%	89.00	96.00	95.00	73.00	-
EBT Margin	-14.0%	0.09*	0.10*	0.11*	-	-
Interest Expenses	40.8%	89.00	63.00	39.00	12.00	6.00
Net Income	-255.6%	-115	-32.41	9.00	86.00	84.00
Net Income Margin	-399.5%	-0.02*	0.01*	0.09*	-	-
Free Cahsflow	1.1%	61.00	60.00	70.00	-	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	1.0%	2,221	2,199	2,585	2,782	1,133
Current Assets	2.7%	417	407	658	720	387
Cash Equivalents	-14.3%	3.00	3.00	11.00	101	12.00
Net PPE	1.5%	499	491	496	492	193
Goodwill	-1.1%	703	710	736	919	190
Liabilities	1.6%	1,368	1,347	1,725	2,095	466
Current Liabilities	-15.2%	187	221	350	334	151
Long Term Debt	609.9%	1,608	226	-	-	-
LT Debt, Current	0%	13.00	13.00	13.00	-	-
LT Debt, Non Current	4.7%	1,058	1,011	1,238	1,595	226
Shareholder's Equity	0.1%	853	853	860	688	667
Retained Earnings	-1.3%	506	513	541	604	584
Additional Paid-In Capital	0.4%	327	325	323	85.00	86.00
Shares Outstanding	0.1%	25.00	25.00	25.00	25.00	25.00

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	9.8%	91.00	83.00	71.00	73.00	61.00
Share Based Compensation	-16.6%	8.00	10.00	10.00	10.00	9.00
Cashflow From Investing	3.7%	-1,228	-1,276	-1,387	-1,380	-82.14
Cashflow From Financing	-0.8%	1,027	1,036	1,272	1,375	1.00
Dividend Payments	34.8%	23.00	17.00	17.00	17.00	17.00
Buy Backs	-100.0%	0.00	2.00	10.00	25.00	31.00

Risks for AZZ

What is the probability of a big loss on AZZ?

74.6%

Probability that AZZ stock will be more than 20% underwater in next one year

45%

Probability that AZZ stock will be more than 30% underwater in next one year.

18.5%

Probability that AZZ stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AZZ drawdown profile look like?

Y-axis is the maximum loss one would have experienced if AZZ was unfortunately bought at previous high price.

Drawdowns

Returns for AZZ

Cumulative Returns on AZZ

-0.4%

10-Year Cumulative Returns

-6.0%

7-Year Cumulative Returns

-3.0%

5-Year Cumulative Returns

4.7%

3-Year Cumulative Returns

What are the long-term rolling returns for AZZ?

FIve years rolling returns for AZZ.

Annualized Returns

Which funds bought or sold AZZ recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-25	Legato Capital Management LLC	added	12.23	209,175	1,591,450	0.29%
2023-05-23	ROYCE & ASSOCIATES LP	unchanged	-	20,830	825,996	0.01%
2023-05-22	Raleigh Capital Management Inc.	sold off	-100	-4,951	-	-%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-1.09	294,186	20,340,200	0.01%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-27.93	-188,000	532,000	-%
2023-05-18	JPMORGAN CHASE & CO	added	21.55	2,041,000	10,313,000	-%
2023-05-17	Thrivent Financial for Lutherans	reduced	-1.18	39,000	2,863,000	0.01%
2023-05-17	Advisory Services Network, LLC	reduced	-51.92	-1,059	1,031	-%
2023-05-16	JANE STREET GROUP, LLC	new	-	240,429	240,429	-%
2023-05-16	SUSQUEHANNA INTERNATIONAL GROUP, LLP	added	68.41	232,915	552,987	-%

Latest Funds Activity

Are funds buying AZZ calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own AZZ

No. of Funds

AZZ News

Schedule 13G FIlings of AZZ

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	t. rowe price investment management, inc.	10.0%	2,482,627	SC 13G
Feb 09, 2023	vanguard group inc	11.11%	2,762,380	SC 13G/A
Jan 26, 2023	blackrock inc.	16.7%	4,141,019	SC 13G/A
Jan 20, 2023	blackrock inc.	16.7%	4,141,019	SC 13G/A
Feb 10, 2022	price t rowe associates inc /md/	9.9%	2,483,759	SC 13G/A
Feb 10, 2022	price t rowe associates inc /md/	10.0%	2,483,864	SC 13G/A
Feb 09, 2022	vanguard group inc	10.31%	2,559,912	SC 13G/A
Jan 27, 2022	blackrock inc.	16.0%	3,972,990	SC 13G/A
Jan 25, 2022	blackrock inc.	16.0%	3,972,990	SC 13G
Feb 10, 2021	vanguard group inc	10.07%	2,626,575	SC 13G/A

AZZ Fair Value

Show Fair-Value

Recent SEC filings of AZZ

View All Filings

Date Filed	Form Type	Document
May 31, 2023	SD	SD
May 30, 2023	ARS	ARS
May 30, 2023	DEF 14A	DEF 14A
May 30, 2023	DEFA14A	DEFA14A
May 16, 2023	4	Insider Trading
May 11, 2023	4	Insider Trading
May 11, 2023	4	Insider Trading
May 11, 2023	4	Insider Trading
May 11, 2023	4	Insider Trading
May 11, 2023	4	Insider Trading

Latest Insider Trading transactions for AZZ

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-12	Russell Kurt L.	acquired	-	-	15,122	coo - precoat metals
2023-05-12	Russell Kurt L.	sold (taxes)	-168,147	35.7	-4,710	coo - precoat metals
2023-05-09	Mackey Tara D	acquired	-	-	1,745	chief legal officer
2023-05-09	Schlom Philip A	acquired	-	-	2,103	svp, chief financial officer
2023-05-09	EMERY MATTHEW VARLEY	acquired	-	-	1,515	chief information & hr officer
2023-05-09	Stovall Bryan Lee	sold (taxes)	-24,387	35.55	-686	coo - metal coatings
2023-05-09	EMERY MATTHEW VARLEY	sold (taxes)	-17,383	35.55	-489	chief information & hr officer
2023-05-09	Mackey Tara D	sold (taxes)	-20,014	35.55	-563	chief legal officer
2023-05-09	Stovall Bryan Lee	acquired	-	-	2,122	coo - metal coatings
2023-05-09	FERGUSON THOMAS E	sold (taxes)	-112,729	35.55	-3,171	president and ceo

About AZZ

Thomas E. Ferguson

www.azz.com

3880

AZZ Inc. offers galvanizing and metal coating solutions, welding solutions, specialty electrical equipment, and engineered services to the power generation, transmission, distribution, refining, and industrial markets in the United States and internationally. The company operates through two segments, Infrastructure Solutions and Metal Coatings. The Metal Coatings segment offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to the steel fabrication and other industries. It serves fabricators or manufacturers that provide services to the electrical and telecommunications, bridge and highway, petrochemical, and general industrial markets, as well as original equipment manufacturers. The Infrastructure Solutions segment provides products and services to support industrial and electrical applications. It offers custom switchgear, electrical enclosures, medium and high voltage bus ducts, explosion proof and hazardous duty lighting, and tubular products, as well as solutions and engineering resources to multi-national companies. This segment sells its products through internal sales force, manufacturers' representatives, distributors, and agents. The company was incorporated in 1956 and is headquartered in Fort Worth, Texas.

AZZ Income Statement

2023-02-28

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021
Income Statement [Abstract]
Sales	$ 1,323,649	$ 525,598	$ 480,574
Costs and Expenses
Cost of sales	1,027,706	379,445	357,675
Gross margin	295,943	146,153	122,899
Selling, general and administrative	122,305	66,934	59,317
Restructuring and impairment charges	0	0	16,105
Operating income from continuing operations	173,638	79,219	47,477
Interest expense	88,800	6,363	9,461
Equity in (earnings) loss of unconsolidated subsidiaries	(2,597)	0	0
Other (income) expense, net	(1,240)	(175)	(415)
Income from continuing operations before income taxes	88,675	73,031	38,431
Income tax expense	22,336	23,214	11,248
Net income from continuing operations	66,339	49,817	27,183
Income from discontinued operations, net of tax	12,770	34,205	12,431
Loss on disposal of discontinued operations, net of tax	(132,083)	0	0
Net income (loss) from discontinued operations	(119,313)	34,205	12,431
Net income (loss)	(52,974)	84,022	39,614
Dividends on preferred stock	(8,240)	0	0
Net income (loss) available to common shareholders	$ (61,214)	$ 84,022	$ 39,614
Basic earnings (loss) per share
Earnings (loss) per common share from continuing operations (in dollars per share)	$ 2.34	$ 2.00	$ 1.05
Earnings (loss) per common share from discontinued operations (in dollars per share)	(4.81)	1.38	0.48
Basic earnings per common share (usd per share)	(2.47)	3.38	1.53
Diluted Earnings (Loss) Per Share [Abstract]
Diluted earnings per common share (usd per share)	(2.45)	3.35	1.52
Earnings (loss) per common share from continuing operations (in dollars per share)	2.33	1.99	1.04
Earnings (loss) per common share from discontinued operations (in dollars per share)	$ (4.78)	$ 1.36	$ 0.48
Weighted average shares outstanding
Weighted average number common shares, basic (shares)	24,828,000	24,855,000	25,897,000
Weighted average number common shares, diluted (shares)	24,978,000	25,077,000	26,045,000
Cash dividends declared per common share (usd per share)	$ 0.68	$ 0.68	$ 0.68

AZZ Balance Sheet

2023-02-28

Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 28, 2023	Feb. 28, 2022
Current assets:
Cash and cash equivalents	$ 2,820	$ 12,082
Accounts receivable, net of allowance for credit losses of $5,752 and $5,395 at February 28, 2023 and February 28, 2022, respectively	183,412	85,106
Inventories:
Raw material	138,227	81,022
Work-in-process	1,558	840
Finished goods	4,135	1,135
Contract assets	79,273	2,866
Prepaid expenses and other	7,991	1,583
Assets held for sale	0	235
Current assets of discontinued operations	0	201,664
Total current assets	417,416	386,533
Property, plant and equipment, net	498,503	193,358
Right-of-use assets	26,392	13,954
Goodwill	702,512	190,391
Deferred tax assets	12,467	3,464
Intangibles and other assets, net	479,429	39,115
Investment in joint venture	84,800
Non-current assets of discontinued operations	0	306,212
Total assets	2,221,479	1,133,027
Current liabilities:
Accounts payable	109,861	24,840
Income tax payable	272	3,828
Accrued salaries and wages	26,262	17,123
Other accrued liabilities	44,442	13,168
Lease liability, short-term	6,403	3,289
Current liabilities of discontinued operations	0	88,283
Total current liabilities	187,240	150,531
Long-term debt, net	1,058,120	226,484
Lease liability, long-term	20,704	11,403
Deferred tax liabilities	40,536	47,672
Other long-term liabilities	61,419	5,365
Long-term liabilities of discontinued operations	0	24,207
Total liabilities	1,368,019	465,662
Commitments and contingencies (Note 18)
Shareholders' Equity:
Common Stock, $1 par value; 100,000 shares authorized; 24,912 and 24,688 shares issued and outstanding at February 28, 2023 and February 28, 2022, respectively	24,912	24,688
Capital in excess of par value	326,839	85,847
Retained earnings	506,042	584,154
Accumulated other comprehensive loss	(4,573)	(27,324)
Total shareholders’ equity	853,460	667,365
Total liabilities and shareholders' equity	2,221,479	1,133,027
AIS Joint Venture
Inventories:
Investment in joint venture	84,760	0
Series A Preferred Stock
Shareholders' Equity:
Series A Convertible Preferred Stock, $1 par, shares authorized 240; 240 shares issued and outstanding at February 28, 2023 and 0 shares issued and outstanding at February 28, 2022	$ 240	$ 0