AZZ INC
For the period ended Aug 31, 2026. Filed Oct 13, 2026.
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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, 2026 · Filed Oct 13, 2026
AZZ$132.82+5.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Six Months Ended August 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net income | $110,457 | $260,254 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Bad debt expense | 48 | 22 |
| Depreciation and amortization | 47,687 | 44,199 |
| Deferred income taxes | 7,958 | 21,134 |
| Equity in earnings of unconsolidated subsidiary | (7,298) | (232,868) |
| Distribution on investment in AVAIL joint venture | — | 273,223 |
| Restructuring charges | — | 3,744 |
| Net gain on sale of property, plant and equipment | (78) | (2,598) |
| Amortization of debt financing costs | 6,949 | 6,418 |
| Share-based compensation expense | 8,657 | 9,432 |
| Changes in current assets and current liabilities | (31,255) | (5,720) |
| Changes in other long-term assets and long-term liabilities | (3,134) | (4,071) |
| Net cash provided by operating activities | 139,991 | 373,169 |
| Cash flows from investing activities | ||
| Purchase of property, plant and equipment | (37,217) | (40,174) |
| Acquisition of subsidiaries, net of cash acquired | (57,500) | (30,144) |
| Proceeds from sale or insurance settlements of property, plant and equipment | 79 | 3,827 |
| Proceeds from return of investment on the AVAIL JV | 15,745 | — |
| Net cash used in investing activities | (78,893) | (66,491) |
| Cash flows from financing activities | ||
| Proceeds from issuance of common stock | 2,152 | 2,056 |
| Tax payments related to common stock issued under stock-based plans | (11,152) | (5,015) |
| Proceeds from Revolving Credit Facility | 248,000 | 436,000 |
| Payments on Revolving Credit Facility | (283,000) | (441,000) |
| Proceeds from Receivables Securitization Facility | 20,000 | 150,000 |
| Payments of debt financing costs | (958) | (1,178) |
| Payments on long-term debt and finance leases | (1,833) | (436,380) |
| Repurchase and retirement of treasury stock | (20,000) | — |
| Payments of dividends | (13,190) | (11,097) |
| Net cash used in financing activities | (59,981) | (306,614) |
| Effect of exchange rate changes on cash | 131 | (655) |
| Net increase (decrease) in cash and cash equivalents | 1,248 | (591) |
| Cash and cash equivalents at beginning of period | 705 | 1,488 |
| Cash and cash equivalents at end of period | $1,953 | $897 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.