AZZ INC
For the period ended Feb 28, 2026. Filed Apr 22, 2026.
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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.
FY2026 · Filed Apr 22, 2026
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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Item 8. Consolidated Statements of Cash Flows
| Year Ended | |||
|---|---|---|---|
| February 28, 2026 | February 28,2025 | February 29,2024 | |
| Cash flows from operating activities | |||
| Net income available to common shareholders | $317,260 | $52,435 | $87,207 |
| Plus: Dividends on Series A Preferred Stock | — | 1,200 | 14,400 |
| Plus: Redemption premium on Series A Preferred Stock | — | 75,198 | — |
| Net income | 317,260 | 128,833 | 101,607 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Bad debt expense (recovery) | (78) | 5,058 | (67) |
| Depreciation and amortization | 90,056 | 82,205 | 79,423 |
| Deferred income taxes | 32,828 | 7,969 | 4,685 |
| Equity in earnings of unconsolidated entities | (209,733) | (16,163) | (15,407) |
| Distribution on investment in AVAIL joint venture | 273,223 | 12,565 | 3,113 |
| Restructuring charges | 3,744 | — | — |
| Net loss (gain) on sale of property, plant and equipment | (4,403) | (368) | 61 |
| Amortization of debt financing costs | 13,057 | 12,513 | 12,171 |
| Share-based compensation expense | 14,832 | 13,261 | 9,510 |
| Changes in current assets and current liabilities | 597 | 17,110 | 54,002 |
| Changes in other long-term assets and long-term liabilities | (5,937) | (13,074) | (4,630) |
| Net cash provided by operating activities | 525,446 | 249,909 | 244,468 |
| Cash flows from investing activities | |||
| Purchase of property, plant and equipment | (80,776) | (115,883) | (95,119) |
| Acquisition of subsidiaries, net of cash acquired | (30,144) | — | — |
| Proceeds from sale or insurance settlements of property, plant and equipment | 5,827 | 886 | 55 |
| Proceeds from return of investment on the AVAIL JV | 13,611 | — | — |
| Net cash used in investing activities | (91,482) | (114,997) | (95,064) |
| Cash flows from financing activities | |||
| Proceeds from issuance of common stock | 3,591 | 311,463 | 2,364 |
| Redemption of Series A Preferred Stock | — | (308,920) | — |
| Tax payments related to common stock issued under stock-based plans | (5,104) | (5,239) | (1,711) |
| Proceeds from Revolving Credit Facility | 726,000 | 326,000 | 249,000 |
| Payments on Revolving Credit Facility | (706,000) | (326,000) | (314,000) |
| Proceeds from Receivables Securitization Facility | 150,000 | — | — |
| Payments on Securitization Loan Debt | (20,000) | — | — |
| Payments of debt financing costs | (1,803) | (1,903) | (1,699) |
| Payments on long-term debt and finance leases | (537,731) | (110,988) | (50,424) |
| Repurchase and retirement of treasury stock | (20,000) | — | — |
| Payments of dividends | (23,075) | (23,108) | (31,418) |
| Net cash used in financing activities | (434,122) | (138,695) | (147,888) |
| Effect of exchange rate changes on cash | (625) | 922 | 13 |
| Net increase (decrease) in cash and cash equivalents | (783) | (2,861) | 1,529 |
| Cash and cash equivalents at beginning of period | 1,488 | 4,349 | 2,820 |
| Cash and cash equivalents at end of period | $705 | $1,488 | $4,349 |
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