AZZ INC
For the period ended May 31, 2024. Filed Jul 10, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
May 31, 2024 · Filed Jul 10, 2024
AZZ$125.71+2.9%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(In thousands, except per share amounts)
| Three Months Ended May 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Sales | $413,208 | $390,873 |
| Cost of sales | 310,538 | 293,854 |
| Gross margin | 102,670 | 97,019 |
| Selling, general and administrative | 32,921 | 31,523 |
| Operating income | 69,749 | 65,496 |
| Interest expense, net | (22,774) | (28,706) |
| Equity in earnings of unconsolidated subsidiaries | 3,824 | 1,420 |
| Other income (expense), net | 204 | (38) |
| Income before income taxes | 51,003 | 38,172 |
| Income tax expense | 11,401 | 9,650 |
| Net income | 39,602 | 28,522 |
| Dividends on Series A Preferred Stock | (1,200) | (3,600) |
| Redemption premium on Series A Preferred Stock | (75,198) | — |
| Net income (loss) available to common shareholders | $(36,796) | $24,922 |
| Basic earnings (loss) per common share | $(1.38) | $1.00 |
| Diluted earnings (loss) per common share | $(1.38) | $0.98 |
| Weighted average shares outstanding - Basic | 26,751 | 24,940 |
| Weighted average shares outstanding - Diluted | 26,751 | 29,150 |
| Cash dividends declared per common share | $0.17 | $0.17 |
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