AZZ Inc.
- Open
- 149.17
- Day high
- 150.21
- Day low
- 147.51
- Prev close
- 147.38
- Volume
- 11K
- Mkt cap
- $4.5B
- P/E (TTM)
- 22.6
- EPS (TTM)
- $6.61
- P/B
- 3.2
- P/S
- 2.7
- Yield
- 0.56%
- Per share
- $0.84
AZZ Inc. (AZZ) is a Industrials company listed on NYSE. The stock is up 32% over the past year.
AZZ Inc. (AZZ) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
AZZ earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 9, 2026 | $1.80 | $1.85 | +2.8% | $449M | +3.2% |
| Apr 23, 2026 | $1.19 | $1.34 | +12.6% | $385M | +1.0% |
| Jan 7, 2026 | $1.43 | $1.52 | +6.3% | $426M | +11.2% |
| Oct 8, 2025 | $1.57 | $1.55 | -1.3% | $417M | -2.2% |
| Jul 9, 2025 | $1.58 | $1.78 | +12.7% | $422M | -3.2% |
| Jan 7, 2025 | $1.24 | $1.39 | +12.1% | $404M | +8.6% |
| Oct 9, 2024 | $1.32 | $1.37 | +3.8% | $409M | -0.1% |
| Jul 10, 2024 | $1.31 | $1.46 | +11.5% | $413M | +1.2% |
| Jan 9, 2024 | $1.00 | $1.19 | +19.0% | $382M | +8.8% |
| Oct 10, 2023 | $1.08 | $1.27 | +17.6% | $399M | +0.4% |
| Jul 7, 2023 | $1.16 | $1.14 | -1.7% | $391M | -4.7% |
| Jan 9, 2023 | $0.93 | $0.88 | -5.4% | $373M | +3.8% |
AZZ insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 8, 2026 | Schapper Aaron Mdirector | Grant | 937 | — |
| Jul 8, 2026 | BERCE DANIEL Edirector | Grant | 937 | — |
| Jul 8, 2026 | Treadway Charles L.director | Grant | 937 | — |
| Jul 8, 2026 | McGough Eddirector | Grant | 937 | — |
| Jul 8, 2026 | GRANNUM CLIVE Adirector | Grant | 937 | — |
| Jul 8, 2026 | Purvis Steven R.director | Grant | 937 | — |
| Jul 8, 2026 | Jackson Carol Rdirector | Grant | 937 | — |
| Jun 3, 2026 | Crawford Jasonofficer: Chief Financial Officer | Option | 22 | — |
| Jun 3, 2026 | Crawford Jasonofficer: Chief Financial Officer | Tax | 717 | $136.87 |
| Jun 3, 2026 | Crawford Jasonofficer: Chief Financial Officer | Option | 1,803 | — |
| Jun 2, 2026 | Stovall Bryan Leeofficer: COO - Metal Coatings | Option | 112 | — |
| Jun 2, 2026 | Stovall Bryan Leeofficer: COO - Metal Coatings | Tax | 3,592 | $134.24 |
| Jun 2, 2026 | Stovall Bryan Leeofficer: COO - Metal Coatings | Option | 9,017 | — |
| Apr 29, 2026 | Stovall Bryan Leeofficer: COO - Metal Coatings | Option | 48 | — |
| Apr 29, 2026 | Crawford Jasonofficer: Chief Financial Officer | Option | 1,114 | — |
Source: AZZ SEC Form 4 filings, latest Jul 8, 2026. For informational purposes only — not investment advice.
See the full AZZ insider & 13F page →AZZ Inc. company profile
Overview
AZZ Inc. (NYSE:AZZ) is a Fort Worth, Texas-based industrial manufacturing company founded in 1956 that has evolved into a leading provider of metal coating and finishing solutions. The company went public in 1980 and has undergone significant strategic transformation in recent years, particularly through its 2022 acquisition of Precoat Metals and the divestiture of its Infrastructure Solutions segment. Today, AZZ operates as a pure-play metal coatings company serving critical infrastructure, construction, and industrial markets across the United States and internationally.
Business
AZZ operates in the metal coating and finishing industry, providing specialized protective services that prevent corrosion and enhance the durability of steel and aluminum products. The company operates through two primary business segments that together generated $1.58 billion in revenue in fiscal 2025. The Metal Coatings segment represents approximately 42% of total revenue ($665 million in FY2025) and focuses on hot-dip galvanizing services. Hot-dip galvanizing is a process where steel products are immersed in molten zinc to create a protective coating that prevents rust and corrosion. This segment also provides other metal finishing solutions including spin galvanizing, powder coating, anodizing, and plating. The company serves steel fabricators and manufacturers who supply products to electrical and telecommunications infrastructure, bridge and highway construction, petrochemical facilities, and general industrial applications. AZZ operates one of the largest networks of galvanizing facilities in North America. The Precoat Metals segment accounts for approximately 58% of revenue ($912 million in FY2025) and specializes in coil coating services for aluminum and steel. Coil coating involves applying protective and decorative finishes to metal coils before they are formed into final products. This process is more efficient than painting individual parts after manufacturing. The segment serves customers in construction, automotive, appliance, and packaging industries. Key applications include building facades, roofing materials, HVAC components, and beverage cans. The company operates several coil coating facilities and is expanding capacity with a new aluminum coil coating facility in Washington, Missouri. Both segments benefit from long-term secular trends including infrastructure modernization, the shift from plastic to aluminum packaging, manufacturing reshoring to North America, and the growing emphasis on sustainable building materials that require protective coatings for extended lifespan.
Revenue model
AZZ generates revenue primarily through fee-for-service manufacturing processes, charging customers for coating and finishing services based on the weight, size, or surface area of materials processed. The company operates on a toll processing model where customers provide the base metal materials and AZZ applies specialized coatings for a processing fee. In the Metal Coatings segment, revenue comes from galvanizing services charged per ton of steel processed, with pricing typically including both the service fee and the cost of zinc consumed in the process. The segment maintains strong pricing power due to the essential nature of corrosion protection and the specialized infrastructure required for galvanizing operations. Customers include steel fabricators, original equipment manufacturers, and construction companies who require galvanized steel for infrastructure projects. The Precoat Metals segment generates revenue by coating aluminum and steel coils with protective and decorative finishes, charging based on the surface area processed and the complexity of the coating specification. This segment serves manufacturers who convert coated coils into finished products like building materials, appliances, and packaging. The business benefits from long-term contracts with anchor customers and the efficiency advantages of coil coating versus post-manufacturing painting. Several factors influence the company's margins and profitability. Positive margin drivers include zinc price volatility pass-through mechanisms that protect against raw material cost increases, operational leverage from higher facility utilization rates, value-added services that command premium pricing, and the secular shift toward more durable building materials requiring protective coatings. Infrastructure spending programs and manufacturing reshoring trends also support demand growth. Margin pressures can arise from zinc price volatility in the short term before pass-through mechanisms take effect, seasonal construction cycles that affect demand patterns, energy cost fluctuations for the high-temperature coating processes, and competitive pricing in certain geographic markets. Weather disruptions can significantly impact operations, as demonstrated by the 200+ lost production days in Q4 2025 that reduced revenue by an estimated $8-12 million.
Competitive moat
AZZ possesses a moderate to strong competitive moat built primarily on specialized infrastructure assets, geographic positioning, and switching costs. The company's galvanizing facilities represent significant capital investments with high barriers to entry, as each plant requires specialized equipment, environmental permits, and technical expertise that can take years to develop. The geographic distribution of these facilities creates local monopolies or duopolies in many markets, since transportation costs limit the economic radius for shipping heavy steel products to competing facilities. The company benefits from high customer switching costs due to the critical nature of corrosion protection in infrastructure applications. Engineers and contractors typically specify galvanizing requirements early in project planning, and changing coating specifications requires re-engineering and recertification processes. Additionally, AZZ's established relationships with steel fabricators and its reputation for quality and reliability create customer stickiness. Regulatory barriers also strengthen the moat, as galvanizing facilities must comply with strict environmental regulations and maintain various certifications. The specialized technical knowledge required for consistent coating quality and the liability associated with infrastructure protection create additional barriers for new entrants. However, the moat faces potential challenges from alternative coating technologies such as advanced paint systems or composite materials that could reduce demand for traditional galvanizing. Regional competition exists in some markets, and large customers may have sufficient scale to justify investing in their own coating capabilities. The cyclical nature of construction and infrastructure spending can also pressure pricing during downturns, though the essential nature of corrosion protection provides some demand stability.
Risks & safety
AZZ demonstrates a moderate margin of safety with solid financial fundamentals but elevated debt levels following recent acquisitions. • Liquidity and Debt: The company maintains minimal cash ($1.5 million) but generates strong operating cash flow ($250 million in FY2025). Net debt-to-EBITDA ratio of 2.5x is manageable but elevated. Total debt-to-equity ratio of 0.84x represents moderate leverage. • Solvency: Current ratio of 1.70x and quick ratio of 1.19x indicate adequate short-term liquidity. Strong free cash flow generation of $134 million annually supports debt service and capital allocation flexibility. • Valuation Metrics: Trading at EV/EBITDA of 11.0x and P/E ratio of 21.7x based on fiscal 2025 results. Graham number of $59.85 suggests reasonable valuation relative to book value and earnings power. • Other Considerations: Cyclical industry exposure and weather sensitivity create earnings volatility. However, essential nature of corrosion protection provides demand stability, and the company has demonstrated ability to maintain margins through operational discipline.
Recent development
AZZ has undergone significant strategic transformation over the past several years, evolving from a diversified industrial company into a focused metal coatings specialist. The most significant development was the acquisition of Precoat Metals in May 2022, which doubled the company's size and created a leading position in coil coating services. This $1.5 billion transaction was financed through debt and convertible preferred stock, fundamentally reshaping AZZ's business profile. Simultaneously, the company divested its Infrastructure Solutions segment, which had provided electrical equipment and services, to focus exclusively on metal coatings. This strategic pivot concentrated resources on higher-margin, more predictable coating services while reducing exposure to project-based electrical contracting. Capacity expansion initiatives represent another key development, highlighted by the construction of a new aluminum coil coating facility in Washington, Missouri. This greenfield facility, which began commercial production in fiscal 2026, adds approximately $40-60 million in potential annual revenue capacity and strengthens the company's position in the growing aluminum coatings market. The company has also invested in digital transformation through its Digital Galvanizing System (DGS), which improves productivity and customer interaction capabilities. This technology initiative supports operational efficiency and customer service differentiation. Debt reduction has been a consistent strategic priority, with the company paying down over $225 million in debt over the past two years while maintaining strong cash flow generation. Management has redeemed convertible preferred stock and focused on optimizing the capital structure following the major acquisition. Looking forward, AZZ is actively pursuing bolt-on acquisitions in both galvanizing and precoat metals segments, with particular interest in expanding geographic coverage in the Northwest, Rocky Mountain, and Southeast regions. The company maintains a growing pipeline of potential acquisition targets while prioritizing debt reduction and operational improvements.
AZZ company profile · for informational purposes only — not investment advice.
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