AZZ INC
For the period ended Aug 31, 2024. Filed Oct 9, 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.
Aug 31, 2024 · Filed Oct 9, 2024
AZZ$130.81-1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Comprehensive Income (Loss)
| Three Months Ended August 31, | Six Months Ended August 31, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net income (loss) available to common shareholders | $35,419 | $24,732 | $(1,377) | $49,654 |
| Other comprehensive income (loss): | ||||
| Unrealized translation gain | 864 | 18 | 439 | 38 |
| Unrealized translation loss for unconsolidated subsidiary(1) | (531) | (2,885) | (531) | (1,774) |
| Unrealized gain (loss) on derivatives qualified for hedge accounting: | ||||
| Unrealized gain (loss) on interest rate swap, net of tax(2) | (3,062) | 5,254 | (842) | 1,869 |
| Amounts reclassified from accumulated other comprehensive income to earnings, net of tax(3) | (1,113) | (939) | (2,214) | (1,487) |
| Unrealized gain on interest rate swap, net of tax for unconsolidated subsidiary(4) | 6 | 278 | 147 | 113 |
| Other comprehensive income (loss) | (3,836) | 1,726 | (3,001) | (1,241) |
| Comprehensive income (loss) | $31,583 | $26,458 | $(4,378) | $48,413 |
| (1) Unrealized translation loss for unconsolidated subsidiary is related to our unconsolidated investment in the AVAIL JV and represents our 40% interest in this amount. Net of tax benefit of $(210) for both the three and six months ended August 31, 2024 and $0 for both the three and six months ended August 31, 2023. | ||||
| (2) Net of tax expense (benefit) of ($967) and $1,908 for the three months ended August 31,2024 and 2023, respectively. Net of tax expense (benefit) of ($342) and $679 for the six months ended August 31, 2024 and 2023, respectively. | ||||
| (3) Net of tax benefit of ($351) and ($341) for the three months ended August 31,2024 and 2023, respectively. Net of tax benefit of $(699) and $(540) for the six months ended August 31, 2024 and 2023, respectively. See Note 8. | ||||
| (4) Unrealized gain (loss) on interest rate swap, net of tax for unconsolidated subsidiary is related to our unconsolidated investment in the AVAIL JV and represents our 40% interest in this amount. Net of tax expense of $2 and $101 for the three months ended August 31,2024 and 2023, respectively. Net of tax expense of $46 and $41 for the six months ended August 31, 2024 and 2023, respectively. | ||||
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