AZZ INC
For the period ended Apr 22, 2024. Filed Apr 22, 2024.
View on SEC.govAbout this filing
A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Apr 22, 2024 · Filed Apr 22, 2024
Use the contents to explore the available documents and sections.
AZZ$125.71+2.9%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · Adjusted EBITDA from Continuing Operations by Segment
Adjusted EBITDA from Continuing Operations by Segment
| Three Months Ended February 29, 2024 | |||||
|---|---|---|---|---|---|
| Metal Coatings | Precoat Metals | Infra-structure Solutions | Corporate | Total | |
| Net income (loss) from continuing operations | $36,501 | $30,121 | $4,270 | $(53,029) | $17,863 |
| Interest expense | — | — | — | 24,734 | 24,734 |
| Income tax expense | — | — | — | 4,099 | 4,099 |
| Depreciation and amortization(6) | 6,706 | 7,534 | — | 6,148 | 20,388 |
| Adjustments: | |||||
| Legal accrual | 950 | — | — | 5,843 | 6,793 |
| Adjusted EBITDA from continuing operations (non-GAAP) | $44,157 | $37,655 | $4,270 | $(12,205) | $73,877 |
| Three Months Ended February 28, 2023 | |||||
|---|---|---|---|---|---|
| Metal Coatings | Precoat Metals | Infra-structure Solutions | Corporate | Total | |
| Net income (loss) from continuing operations | $32,249 | $16,319 | $1,590 | $(42,731) | $7,427 |
| Interest expense | — | — | — | 27,061 | 27,061 |
| Income tax expense | — | — | — | 3,956 | 3,956 |
| Depreciation and amortization(6) | 8,170 | 10,309 | — | 298 | 18,777 |
| Adjusted EBITDA from continuing operations (non-GAAP) | $40,419 | $26,628 | $1,590 | $(11,416) | $57,221 |
| Year Ended February 29, 2024 | |||||
|---|---|---|---|---|---|
| Metal Coatings | Precoat Metals | Infra-structure Solutions | Corporate | Total | |
| Net income (loss) from continuing operations | $164,856 | $139,571 | $9,161 | $(211,981) | $101,607 |
| Interest expense | — | — | — | 107,065 | 107,065 |
| Income tax expense | — | — | — | 28,496 | 28,496 |
| Depreciation and amortization(6) | 26,353 | 27,941 | — | 25,129 | 79,423 |
| Adjustments: | |||||
| Legal settlement and accrual(4) | 5,450 | — | 5,750 | 5,843 | 17,043 |
| Adjusted EBITDA from continuing operations (non-GAAP) | $196,659 | $167,512 | $14,911 | $(45,448) | $333,634 |
| Year Ended February 28, 2023 | |||||
|---|---|---|---|---|---|
| Metal Coatings | Precoat Metals | Infra-structure Solutions | Corporate | Total | |
| Net income (loss) from continuing operations | $156,054 | $80,274 | $2,597 | $(172,586) | $66,339 |
| Interest expense | — | — | — | 88,800 | 88,800 |
| Income tax expense | — | — | — | 22,336 | 22,336 |
| Depreciation and amortization(6) | 32,955 | 40,199 | — | 1,436 | 74,590 |
| Adjustments: | |||||
| Acquisition and transaction-related expenditures(3) | — | — | — | 15,320 | 15,320 |
| Adjusted EBITDA from continuing operations (non-GAAP) | $189,009 | $120,473 | $2,597 | $(44,694) | $267,385 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.