AZZ INC

For the period ended Nov 30, 2024. Filed Jan 7, 2025.

About this filing

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$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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Contents

Condensed Consolidated Statements of Operations

(In thousands, except per share and dividend amounts)

	Three Months Ended November 30,		Nine Months Ended November 30,
	2024	2023	2024	2023
Sales	$403,654	$381,605	$1,225,869	$1,171,020
Cost of sales	305,876	293,456	921,907	888,606
Gross margin	97,778	88,149	303,962	282,414
Selling, general and administrative	39,243	35,325	108,032	103,087
Operating income	58,535	52,824	195,930	179,327
Interest expense, net	(19,223)	(25,855)	(63,906)	(82,331)
Equity in earnings of unconsolidated subsidiaries	7,168	8,742	12,470	11,136
Other income (expense), net	(763)	(41)	(142)	9
Income before income taxes	45,717	35,670	144,352	108,141
Income tax expense	12,114	8,780	35,728	24,397
Net income	33,603	26,890	108,624	83,744
Series A Preferred Stock Dividends	—	(3,600)	(1,200)	(10,800)
Redemption premium on Series A Preferred Stock	—	—	(75,198)	—
Net income available to common shareholders	$33,603	$23,290	$32,226	$72,944
Basic earnings per common share	$1.12	$0.93	$1.12	$2.91
Diluted earnings per common share	$1.12	$0.92	$1.11	$2.86
Weighted average shares outstanding - Basic	29,879	25,077	28,819	25,024
Weighted average shares outstanding - Diluted	30,118	29,330	29,076	29,278
Cash dividends declared per common share	$0.17	$0.17	$0.51	$0.51

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.