AZZ Inc. Files Q3 2025 10-Q Report
Ticker: AZZ · Form: 10-Q · Filed: Jan 7, 2025 · CIK: 8947
| Field | Detail |
|---|---|
| Company | Azz INC (AZZ) |
| Form Type | 10-Q |
| Filed Date | Jan 7, 2025 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $1.00, $0 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
AZZ Inc. 10-Q filed. Financials for Q3 2025 out.
AI Summary
AZZ Inc. filed its 10-Q for the period ending November 30, 2024. The company reported financial results and provided updates on its business operations. Key financial data and operational details are included in the filing, which is a standard quarterly report for publicly traded companies.
Why It Matters
This filing provides investors with a detailed look at AZZ Inc.'s financial health and operational performance during the third quarter of fiscal year 2025, enabling informed investment decisions.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing (10-Q) and does not inherently present new risks.
Key Players & Entities
- AZZ INC (company) — Filer
- 0000008947-25-000008 (other) — Accession Number
- 20241130 (date) — Period of Report
- 20250107 (date) — Filed as of Date
- 750948250 (other) — IRS Number
- TX (other) — State of Incorporation
- 001-12777 (other) — SEC File Number
- 25515138 (other) — Film Number
- ONE MUSEUM PLACE, SUITE 500 (other) — Business Address Street 1
- 3100 W 7TH STREET (other) — Business Address Street 2
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20241130, meaning the filing covers the period ending November 30, 2024.
When was this 10-Q filing submitted to the SEC?
The filing was submitted on 20250107.
What is AZZ Inc.'s SEC File Number?
AZZ Inc.'s SEC File Number is 001-12777.
What is AZZ Inc.'s primary business address?
AZZ Inc.'s business address is ONE MUSEUM PLACE, SUITE 500, 3100 W 7TH STREET, FORT WORTH, TX 76107.
What was AZZ Inc.'s former company name?
AZZ Inc.'s former company name was AZTEC MANUFACTURING CO.
Filing Stats: 4,689 words · 19 min read · ~16 pages · Grade level 15.5 · Accepted 2025-01-07 16:23:23
Key Financial Figures
- $1.00 — ding 29,882,176 shares of common stock; $1.00 par value per share. Table of Content
- $0 — ed November 30, 2024, respectively, and $0 for both the three and nine months end
Filing Documents
- azz-20241130.htm (10-Q) — 1708KB
- ex31120241130.htm (EX-31.1) — 9KB
- ex31220241130.htm (EX-31.2) — 9KB
- ex32120241130.htm (EX-32.1) — 5KB
- ex32220241130.htm (EX-32.2) — 5KB
- azz-20241130_g1.jpg (GRAPHIC) — 242KB
- 0000008947-25-000008.txt ( ) — 9408KB
- azz-20241130.xsd (EX-101.SCH) — 51KB
- azz-20241130_cal.xml (EX-101.CAL) — 108KB
- azz-20241130_def.xml (EX-101.DEF) — 236KB
- azz-20241130_lab.xml (EX-101.LAB) — 656KB
- azz-20241130_pre.xml (EX-101.PRE) — 453KB
- azz-20241130_htm.xml (XML) — 1527KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited) Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Operations 4 Condensed Consolidated Statements of Comprehensive Income (Loss) 5 Condensed Consolidated Statements of Cash Flows 6 Condensed Consolidated Statements of Changes in Shareholders' Equity 7 Notes to Condensed Consolidated Financial Statements 9
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 30
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 45
Controls and Procedures
Item 4. Controls and Procedures 45
OTHER INFORMATION
PART II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 45
Risk Factors
Item 1A. Risk Factors 46
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 46
Other Information
Item 5 Other Information 46
Exhibits
Item 6. Exhibits 47
SIGNATURES
SIGNATURES 48 Table of Contents
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION AZZ INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except par value) (Unaudited) As of November 30, 2024 February 29, 2024 Assets Current assets: Cash and cash equivalents $ 1,484 $ 4,349 Trade accounts receivable, net of allowance for credit losses of $ 2,204 and $ 2,347 at November 30, 2024 and February 29, 2024, respectively 139,843 142,246 Other receivables 28,499 15,599 Inventories 114,701 117,656 Contract assets 99,158 79,335 Prepaid expenses and other 10,720 7,814 Total current assets 394,405 366,999 Property, plant and equipment, net 580,178 541,652 Right-of-use assets 25,888 23,739 Goodwill 704,569 705,468 Deferred tax assets 5,563 5,606 Intangible assets, net 427,812 445,435 Investment in AVAIL joint venture 102,121 98,169 Other assets 4,014 8,437 Total assets $ 2,244,550 $ 2,195,505 Liabilities, Mezzanine Equity and Shareholders' Equity Current liabilities: Accounts payable $ 97,798 $ 88,001 Income taxes payable 2,723 172 Accrued salaries and wages 34,286 30,823 Other accrued liabilities 80,051 68,651 Lease liability, short-term 7,434 6,659 Total current liabilities 222,292 194,306 Long-term debt, net 879,548 952,742 Lease liability, long-term 19,255 17,827 Deferred tax liabilities 44,544 38,567 Other long-term liabilities 49,323 57,572 Total liabilities 1,214,962 1,261,014 Commitments and contingencies (Note 16) Mezzanine equity: Series A Preferred Stock, $ 1,000 par value; 100,000 shares authorized; 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; 29,877 and 25,102 shares issued and outstanding at November 30, 2024 and February 29, 2024, respectively 29,877 25,102 Capital in excess of par value 415,059 103,330 Retained earnings 594,034 576,231 Accumulated other comprehensive loss ( 9,382 ) ( 3,894 ) Total