AZZ INC (AZZ) Form 10-Q — Oct 13, 2026
AZZ reported Q2 FY2027 sales of $486.9 million, up 16.7% year over year, with operating income rising 22.4% to $83.8 million on strong steel processing volumes in construction, industrial, and container end markets. Net income of $58.5 million ($1.94 diluted EPS) fell from $89.3 million ($2.95) primarily because the prior-year quarter included a large one-time gain from AVAIL's sale of its Electrical Products Group. During the quarter, AZZ completed the $57.5 million acquisition of Seattle Galvanizing, expanding its Metal Coatings footprint into the Pacific Northwest, and amended its credit agreement to extend the revolver to May 2029 at lower spreads.
Key figures
- Eps
- 1.94
- Revenue
- 486892000
- Net Income
- 58451000
- Total Debt
- 500000000
- Total Assets
- 2337958000
- Cash Position
- 1953000
- Shares Outstanding
- 29922779
- Six month sales
- 935422000
- Total liquidity
- 376400000
- Revolver capacity
- 400000000
- Sti legal accrual
- 5500000
- Buybacks six months
- 20000000
- Interest expense q2
- 10807000
- Operating income q2
- 83781000
- Term loan b balance
- 335000000
- Pension underfunding
- 12800000
- Six month net income
- 110457000
- Effective tax rate q2
- 26.7%
- Environmental reserve
- 17100000
- Six month diluted eps
- 3.66
- Dividends per share q2
- 0.24
- Metal coatings sales q2
- 233519000
- Precoat metals sales q2
- 253373000
- Weighted avg interest rate
- 5.23%
- Operating cash flow six months
- 139991000
- Seattle galvanizing purchase price
- 57500000
- Receivables securitization borrowings
- 150000000
- Avail jv distribution return of investment
- 15700000
AI analysis
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