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AZZ Inc Stock Research

AZZ

34.91USD-0.67(-1.88%)Market Closed

Market Summary

USD34.91-0.67
Market Closed
-1.88%

AZZ Alerts

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
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
70.1B
21.4B
4.22% 28.26%
27.31
3.28
8.16% 15.68%
44.4B
17.5B
-6.80% -11.36%
9.28
2.54
-0.55% 66.86%
32.0B
6.2B
4.11% 20.25%
27.55
5.19
10.89% 14.33%
15.2B
5.1B
3.52% 48.77%
27.69
2.99
15.55% 13.16%
MID-CAP
6.6B
4.3B
6.24% -55.92%
16.49
1.44
6.18% -42.16%
5.5B
770.9M
-5.78% -54.98%
-7.58
7.83
34.97% -39.30%
4.8B
4.1B
-5.17% -13.83%
12.74
1.17
10.32% 9.37%
3.5B
1.3B
-16.95% -21.69%
-11.03
2.9
30.03% -62.95%
SMALL-CAP
1.1B
1.1B
0.70% -50.58%
4.38
1.04
-25.14% -39.23%
869.7M
1.3B
-7.69% -21.28%
-7.55
0.66
151.84% -237.17%
768.4M
420.7M
8.11% 45.74%
22.18
1.83
28.88% 234.59%
327.0M
493.5M
-10.40% 76.04%
15.23
0.66
27.59% 171.54%
47.6M
77.8M
-2.96% -33.86%
-1.57
0.61
-43.54% -203.44%
8.1M
4.8M
0.94% -52.86%
-0.92
1.66
-47.93% 3.39%

Financials for AZZ

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue8.1%1,3241,224986711526
Gross Profit0.3%296295260194146
  S&GA Expenses-5.3%12212911897.0067.00
EBITDA6.4%236222167--
EBITDA Margin-9.4%0.15*0.16*0.17*--
Earnings Before Taxes-7.7%89.0096.0095.0073.00-
EBT Margin-14.0%0.09*0.10*0.11*--
Interest Expenses40.8%89.0063.0039.0012.006.00
Net Income-255.6%-115-32.419.0086.0084.00
Net Income Margin-399.5%-0.02*0.01*0.09*--
Free Cahsflow1.1%61.0060.0070.00--
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets1.0%2,2212,1992,5852,7821,133
  Current Assets2.7%417407658720387
    Cash Equivalents-14.3%3.003.0011.0010112.00
  Net PPE1.5%499491496492193
  Goodwill-1.1%703710736919190
Liabilities1.6%1,3681,3471,7252,095466
  Current Liabilities-15.2%187221350334151
  Long Term Debt609.9%1,608226---
    LT Debt, Current0%13.0013.0013.00--
    LT Debt, Non Current4.7%1,0581,0111,2381,595226
Shareholder's Equity0.1%853853860688667
  Retained Earnings-1.3%506513541604584
  Additional Paid-In Capital0.4%32732532385.0086.00
Shares Outstanding0.1%25.0025.0025.0025.0025.00
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations9.8%91.0083.0071.0073.0061.00
  Share Based Compensation-16.6%8.0010.0010.0010.009.00
Cashflow From Investing3.7%-1,228-1,276-1,387-1,380-82.14
Cashflow From Financing-0.8%1,0271,0361,2721,3751.00
  Dividend Payments34.8%23.0017.0017.0017.0017.00
  Buy Backs-100.0%0.002.0010.0025.0031.00

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 ascendingFund NameType% 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
-%

1–10 of 43

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

Business Today
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Business Today,
2 hours ago
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5 days ago
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6 days ago
Florida Politics

Schedule 13G FIlings of AZZ

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Thomas E. Ferguson
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 sales1,027,706379,445357,675
Gross margin295,943146,153122,899
Selling, general and administrative122,30566,93459,317
Restructuring and impairment charges0016,105
Operating income from continuing operations173,63879,21947,477
Interest expense88,8006,3639,461
Equity in (earnings) loss of unconsolidated subsidiaries(2,597)00
Other (income) expense, net(1,240)(175)(415)
Income from continuing operations before income taxes88,67573,03138,431
Income tax expense22,33623,21411,248
Net income from continuing operations66,33949,81727,183
Income from discontinued operations, net of tax12,77034,20512,431
Loss on disposal of discontinued operations, net of tax(132,083)00
Net income (loss) from discontinued operations(119,313)34,20512,431
Net income (loss)(52,974)84,02239,614
Dividends on preferred stock(8,240)00
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)1.380.48
Basic earnings per common share (usd per share)(2.47)3.381.53
Diluted Earnings (Loss) Per Share [Abstract]   
Diluted earnings per common share (usd per share)(2.45)3.351.52
Earnings (loss) per common share from continuing operations (in dollars per share)2.331.991.04
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)24,828,00024,855,00025,897,000
Weighted average number common shares, diluted (shares)24,978,00025,077,00026,045,000
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, respectively183,41285,106
Inventories:  
Raw material138,22781,022
Work-in-process1,558840
Finished goods4,1351,135
Contract assets79,2732,866
Prepaid expenses and other7,9911,583
Assets held for sale0235
Current assets of discontinued operations0201,664
Total current assets417,416386,533
Property, plant and equipment, net498,503193,358
Right-of-use assets26,39213,954
Goodwill702,512190,391
Deferred tax assets12,4673,464
Intangibles and other assets, net479,42939,115
Investment in joint venture84,800 
Non-current assets of discontinued operations0306,212
Total assets2,221,4791,133,027
Current liabilities:  
Accounts payable109,86124,840
Income tax payable2723,828
Accrued salaries and wages26,26217,123
Other accrued liabilities44,44213,168
Lease liability, short-term6,4033,289
Current liabilities of discontinued operations088,283
Total current liabilities187,240150,531
Long-term debt, net1,058,120226,484
Lease liability, long-term20,70411,403
Deferred tax liabilities40,53647,672
Other long-term liabilities61,4195,365
Long-term liabilities of discontinued operations024,207
Total liabilities1,368,019465,662
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, respectively24,91224,688
Capital in excess of par value326,83985,847
Retained earnings506,042584,154
Accumulated other comprehensive loss(4,573)(27,324)
Total shareholders’ equity853,460667,365
Total liabilities and shareholders' equity2,221,4791,133,027
AIS Joint Venture  
Inventories:  
Investment in joint venture84,7600
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