AZZ INC

For the period ended Feb 28, 2025. Filed Apr 21, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Apr 21, 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

Consolidated Balance Sheets

(in thousands, except par value)

	As of
	February 28, 2025	February 29, 2024
Assets
Current assets:
Cash and cash equivalents	$1,488	$4,349
Trade accounts receivable, net of allowance for credit losses of $419 and $2,347 at February 28, 2025 and February 29, 2024, respectively	135,149	142,246
Other receivables	12,932	15,599
Inventories	112,313	117,656
Contract assets	106,507	79,335
Prepaid expenses and other	7,055	7,814
Total current assets	375,444	366,999
Property, plant and equipment, net	592,941	541,652
Right-of-use assets	25,951	23,739
Goodwill	703,863	705,468
Deferred tax assets	3,620	5,606
Intangible assets, net	421,850	445,435
Investment in joint venture	99,379	98,169
Other assets	4,053	8,437
Total assets	$2,227,101	$2,195,505
Liabilities, Mezzanine Equity and Shareholders’ Equity
Current liabilities:
Accounts payable	$106,471	$88,001
Income tax payable	602	172
Accrued salaries and wages	37,742	30,823
Other accrued liabilities	68,428	68,651
Lease liability, short-term	7,749	6,659
Total current liabilities	220,992	194,306
Long-term debt, net	852,365	952,742
Lease liability, long-term	19,012	17,827
Deferred tax liabilities	42,819	38,567
Other long-term liabilities	46,418	57,572
Total liabilities	1,181,606	1,261,014
Commitments and contingencies (Note 22)
Mezzanine equity:
Series A Convertible Preferred Stock, $1,000 par, shares authorized 100,000; 240 shares issued and outstanding February 29, 2024; aggregate liquidation preference $312,520 at February 29, 2024	—	233,722
Shareholders’ equity:
Common stock, $1 par value; 100,000 shares authorized; 29,913 and 25,102 shares issued and outstanding at February 28, 2025 and February 29, 2024, respectively	29,913	25,102
Capital in excess of par value	418,004	103,330
Retained earnings	609,158	576,231
Accumulated other comprehensive loss	(11,580)	(3,894)
Total shareholders’ equity	1,045,495	700,769
Total liabilities, mezzanine equity and shareholders' equity	$2,227,101	$2,195,505

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.