AZZ INC
For the period ended Nov 30, 2024. Filed Jan 7, 2025.
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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.
Nov 30, 2024 · Filed Jan 7, 2025
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 November 30, | Nine Months Ended November 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net income available to common shareholders | $33,603 | $23,290 | $32,226 | $72,944 |
| Other comprehensive income (loss): | ||||
| Unrealized translation loss | (1,943) | (59) | (1,504) | (21) |
| Unrealized translation loss for unconsolidated subsidiary(1) | (730) | 3,088 | (1,261) | 1,314 |
| Unrealized gain (loss) on derivatives qualified for hedge accounting: | ||||
| Unrealized gain (loss) on interest rate swap, net of tax(2) | 1,037 | (22) | 194 | 1,847 |
| Amounts reclassified from accumulated other comprehensive income to earnings, net of tax(3) | (663) | (1,057) | (2,876) | (2,544) |
| Unrealized gain on interest rate swap, net of tax for unconsolidated subsidiary(4) | (188) | (93) | (41) | 20 |
| Other comprehensive income (loss) | (2,487) | 1,857 | (5,488) | 616 |
| Comprehensive income | $31,116 | $25,147 | $26,738 | $73,560 |
| (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 $(227) and $(438) for the three and nine months ended November 30, 2024, respectively, and $0 for both the three and nine months ended November 30, 2023. | ||||
| (2) Net of tax expense (benefit) of $327 and ($8) for the three months ended November 30, 2024 and 2023, respectively. Net of tax expense (benefit) of ($15) and $671 for the nine months ended November 30, 2024 and 2023, respectively. | ||||
| (3) Net of tax benefit of ($209) and ($384) for the three months ended November 30, 2024 and 2023, respectively. Net of tax benefit of $(908) and $(924) for the nine months ended November 30, 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 (benefit) of ($59) and ($34) for the three months ended November 30, 2024 and 2023, respectively. Net of tax expense (benefit) of ($13) and $7 for the nine months ended November 30, 2024 and 2023, respectively. | ||||
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