AZZ

Eaton Corporation plc ETN reported second-quarter 2026 adjusted earnings of $3.15 per share, up 6.8% year over year and 2.27% above the Zacks Consensus Estimate of $3.08. Revenues of $8.53 billion increased 21.4% and surpassed the consensus mark of $8.01 billion by 6.57%.GAAP earnings were $2.11 per share, down 15.9% from $2.51 a year ago. The gap between GAAP and adjusted results reflected 50 cents per share of intangible amortization, 49 cents of acquisition and divestiture charges, and 5 cents tied to restructuring. Second-quarter total revenues were $8.53 billion, surpassing the Zacks Consensus Estimate of $8 billion by 6.57%.Second-quarter sales growth included a 14% increase in organic revenues and a 7% contribution from acquisitions. Management said data centers remained a major growth engine, while demand was also robust across other served markets.The quarter benefited from double-digit organic growth in both electrical businesses and strong acquisition contributions. Electrical-sector backlog rose 43% year over year, while Aerospace backlog advanced 28%, underscoring sustained demand across key end markets. Eaton Corporation, PLC price-consensus-eps-surprise-chart | Eaton Corporation, PLC Quote Electrical Americas sales reached $3.95 billion, up 18% organically. Operating profit rose 10% to $1.09 billion, while margin was 27.5%, improving 190 basis points sequentially.Orders in the segment increased 41% on a rolling 12-month basis, and backlog grew 33% from June 2025. These metrics highlight continued strength in Eaton's largest business and provide visibility into future activity.Electrical Global sales climbed 44% to $2.52 billion. Organic growth was 18%, Boyd Thermal added 25%, and foreign exchange contributed 1%. Operating profit increased 41% to $499 million, with margin improving 60 basis points sequentially to 19.8%.The segment's backlog surged 103%, while rolling 12-month orders rose 33% organically. The combined Electrical businesses maintained a book-to-bill ratio of 1.2, meaning orders continued to exceed completed sales.Aerospace sales rose 13% to $1.22 billion, supported by 7% organic growth and a 6% acquisition contribution. Operating profit advanced 16% to $278 million, while margin expanded 60 basis points year over year to 22.8%. Rolling 12-month orders increased 17%.Mobility sales were $841 million. A 2% organic decline was offset by a 2% benefit from currency translation, leaving reported sales roughly flat year over year.Operating profit increased 7% to $109 million, and margin expanded 90 basis points to 13.0%. Eaton also agreed to separate Mobility through a Reverse Morris Trust transaction with Dana, which is expected to close in the first quarter of 2027. Total segment margin was 23.1%, 10 basis points above the high end of management's guidance but 80 basis points below the prior-year quarter. Acquisition-related effects and higher amortization weighed on reported profitability.Selling and administrative expense was $1.24 billion, research and development expense was $227 million, and net interest expense was $201 million. The company also recorded $24 million of restructuring charges during the quarter. Operating cash flow was $1.13 billion, up 23% year over year. After $253 million of capital expenditures, free cash flow totaled $874 million, an increase of 22%.At June 30, 2026, cash was $483 million compared with $622 million at year-end 2025. Long-term debt was $18.51 billion, up from $8.76 billion, reflecting the funding impact of recent acquisitions. For 2026, Eaton now expects organic growth of 11-13% (up from prior range of 9-11%), segment margin of 24.1-24.5% and adjusted earnings of $13.40-$13.60 per share (up from prior range of $13.05-$13.50). The midpoint of the earnings range implies 12% growth from 2025. For the third quarter, management projects organic growth of 13.5-15.5%, segment margin of 24.6-25% and adjusted earnings of $3.46-$3.56 per share. The outlook reflects expectations for continued demand momentum and stronger profitability. Eaton has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. A. O. Smith Corporation’s AOS second-quarter 2026 adjusted earnings of $1.03 per share beat the Zacks Consensus Estimate of 96 cents by 7.29%. The long-term (three to five years) earnings growth rate is pinned at 12%. The Zacks Consensus Estimate of $3.74 for 2026 earnings per share has declined 2.86% year over year.ABB Ltd. ABBNY reported quarterly earnings of 66 cents per share, lagging the Zacks Consensus Estimate of 79 cents by 16.46%.The long-term earnings growth rate is pinned at 17.67%. The Zacks Consensus Estimate for 2026 earnings per share has increased 51.81% year over year.AZZ AZZ reported quarterly earnings of $1.85 per share, beating the Zacks Consensus Estimate of $1.63 by 13.5%.The Zacks Consensus Estimate for fiscal 2026 earnings per share has increased 12.12% year over year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Eaton Corporation, PLC (ETN) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report AZZ Inc. (AZZ) : Free Stock Analysis Report ABB Ltd (ABBNY) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Performance was driven by record sales in both segments, particularly a 12.3% increase in Metal Coatings fueled by robust construction, industrial, and infrastructure demand. Management attributed growth to a 'once in a generation' infrastructure rebuild, specifically citing structural demand for grid modernization, data centers, and utility-scale power projects. The new Washington, Missouri facility is ramping ahead of schedule, approaching targeted contribution margins and benefiting from strong demand in the aluminum beverage container category. A strategic 'de-verticalization' model was highlighted, where AZZ acquires non-core galvanizing operations from manufacturers to secure long-term service agreements and immediate liquidity for partners. Digital assets like the Digital Galvanizing System and CoilZone are being leveraged as strategic tools to improve customer intimacy and provide a foundation for future AI-driven pricing and efficiency. Metal Coatings margins were impacted by a higher mix of large projects and a difficult year-over-year comparison involving a prior-year land sale. Full-year fiscal 2027 guidance was raised across sales, adjusted EBITDA, and EPS, reflecting confidence in the Washington facility's run rate and sustained infrastructure demand. Management expects to announce a new acquisition later this month, focusing on disciplined bolt-on deals that align with core capabilities without disrupting operations. The company is evaluating greenfield galvanizing opportunities in high-growth regions like the Southern U.S., specifically seeking partnerships with anchor customers to mitigate ramp-up risks. Debt reduction remains a priority, with a target to reduce debt by $130 million to $170 million in fiscal 2027 to demonstrate a commitment to balance sheet strength. Guidance assumes typical seasonality where the fourth quarter performance is dependent on winter weather severity, while the second and third quarters are expected to track current momentum. The 20% dividend increase to $0.24 per share reflects management's confidence in the sustainability of long-term cash flows and earnings. Disaggregated sales disclosure was updated to six primary categories to improve transparency and better align with how management evaluates end-market performance. Interest expense decreased by $7.3 million year-over-year due to deliberate debt reduction and financing optimization following the Precoat distribution. Management noted that while no shares were repurchased in Q1, they intend to be active in the market if the stock continues to trade in its recent range. Management stated they have not seen significant headwinds or project delays; most electrical infrastructure and data center projects are moving forward regardless of interest rates. The majority of plants currently have at least one active data center project, indicating robust demand. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. AZZ targets customers with aging galvanizing kettles, offering to take over the operation to reduce the customer's complexity and cost. This strategy is viewed as a scalable blueprint to secure long-term revenue streams from customers whose primary focus is not galvanizing. Supply constraints and high domestic prices have caused customers to manage inventories tightly over the last 18-24 months. Management expects the environment to ease as higher domestic prices potentially attract more imported substrate, which typically favors AZZ's painting business. The facility is currently at a run rate approaching $15 million per quarter, on track for the $50 million to $60 million annual target for the 75% contracted capacity. Management is beginning to actively market the remaining 25% of capacity as they reach full run rate with their primary partner. AZZ implements mandated surcharges when zinc prices remain high to protect the 30% margin profile in Metal Coatings. Because zinc inventory typically flows through kettles on a 6-to-8-month lag, management has high visibility into near-term cost structures.

This article first appeared on GuruFocus. Revenue: $448.5 million, up 6.3% year-over-year. Metal Coatings Sales Growth: Increased 12.3% year-over-year. Precoat Metals Sales Growth: Increased 1.5% year-over-year. Gross Profit: $112.2 million, 25% of sales, a 30-basis point improvement year-over-year. SG&A Expenses: $35.1 million, 7.8% of sales. Operating Income: $77 million, 17.2% of sales, a 70-basis point improvement year-over-year. Interest Expense: $11.3 million, down $7.3 million from the prior year. Net Income: $52 million. Adjusted Diluted EPS: $1.85, up 3.9% year-over-year. Adjusted EBITDA: $99.5 million, 22.2% of sales. Operating Cash Flow: $37.1 million. Capital Expenditures: $18.7 million. Dividend Increase: Quarterly cash dividend increased from $0.20 to $0.24 per share, a 20% increase. Fiscal 2027 Outlook: Sales expected to be $1.8 billion to $1.85 billion; adjusted EBITDA of $375 million to $415 million; adjusted diluted EPS of $6.75 to $7.15. Warning! GuruFocus has detected 7 Warning Sign with AZZ. High Yield Dividend Stocks in Gurus' Portfolio This Powerful Chart Made Peter Lynch 29% A Year For 13 Years How to calculate the intrinsic value of a stock? Is AZZ fairly valued? Test your thesis with our free DCF calculator. Release Date: July 09, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. AZZ Inc (NYSE:AZZ) delivered record first-quarter sales of $448.5 million, up 6.3% year-over-year, driven by strong growth in the Metal Coatings segment. The company announced a 20% increase in its quarterly cash dividend, reflecting confidence in its earnings and cash flow sustainability. AZZ Inc (NYSE:AZZ) successfully commissioned a new large kettle in North Texas, effectively doubling capacity at Crowley, Texas, to meet growing regional demand. The Washington, Missouri facility is ramping up production as planned, contributing meaningfully to revenue and profitability. AZZ Inc (NYSE:AZZ) raised its fiscal 2027 outlook, expecting sales of $1.8 billion to $1.85 billion and adjusted EBITDA of $375 million to $415 million, demonstrating strong sales momentum and operational resilience. Infrastructure Solutions adjusted EBITDA dropped from $7.6 million in the prior year first quarter to a loss of $0.8 million, reflecting the impact of business divestitures. Precoat Metal sales increased only 1.5% year-over-year, partially offset by softer volume in certain construction, HVAC, and appliance end markets. The company faces challenges in obtaining substrate due to higher tariffs on imported materials, impacting planning and inventory management. Interest expense, although improved, remains a concern, highlighting the need for continued focus on debt reduction and financing optimization. The AVAIL JV's prior year included substantial equity earnings from divestitures, creating a difficult year-over-year comparison for current results. Q: How have recent energy cost fluctuations impacted customer decision-making and project timelines? A: Thomas Ferguson, President and CEO, explained that while there has been some talk of project delays due to interest rates and energy costs, the demand for infrastructure improvements, such as electrical grid enhancements and data centers, remains strong. The company has not seen significant headwinds, and projects are generally moving forward. Q: Can you provide more details on the deverticalization model with customers? A: Thomas Ferguson, President and CEO, described the model as a way to partner with customers who have non-core galvanizing operations. AZZ acquires these operations, providing customers with liquidity and a long-term service agreement. This approach is seen as a scalable blueprint for future partnerships. Q: What are the current M&A prospects, and what factors are influencing potential deals? A: Thomas Ferguson, President and CEO, noted that while the galvanizing market is currently strong, some owners are hesitant to sell. AZZ is actively pursuing M&A opportunities, with a focus on high-quality acquisition targets that align with their core capabilities. A deal is expected to be announced soon. Q: How does the company view the impact of substrate availability and tariffs on the business? A: Thomas Ferguson, President and CEO, and Jason Crawford, CFO, discussed the challenges posed by tariffs and substrate availability, which have affected customer inventory management and planning. However, they anticipate that easing supply constraints and potential imports could improve the situation. Q: What is the outlook for the Washington, Missouri facility, and how does it impact financial performance? A: Jason Crawford, CFO, stated that the facility is approaching its target run rate, with expectations to reach full capacity by the end of the year. This will significantly contribute to financial performance, and efforts are underway to commercialize the remaining capacity. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in AZZ Inc.? Here are five stocks we like better. AZZ posted record Q1 fiscal 2027 sales of $448.5 million, up 6.3% year over year, driven by strong metal coatings demand and the ramp-up of its Washington, Missouri Precoat Metals facility. Adjusted diluted EPS rose to $1.85 and operating margins improved. The company raised full-year guidance to sales of $1.8 billion-$1.85 billion and adjusted EBITDA of $375 million-$415 million, citing solid demand, pricing actions, and faster-than-expected ramping at key facilities. Management also expects to reduce debt by $130 million-$170 million this fiscal year. AZZ highlighted ongoing infrastructure and electrification investment as a major growth driver, including doubled galvanizing capacity in North Texas and continued strength in data center and utility-related projects. The company also increased its quarterly dividend 20% to $0.24 per share and signaled potential share buybacks and acquisitions ahead. These 2 Must-Watch Firms Could Get a Boost From Earnings Reports AZZ (NYSE:AZZ) reported record fiscal 2027 first-quarter sales and raised its full-year outlook, citing strength in metal coatings demand, a ramping Precoat Metals facility in Washington, Missouri, and expectations for sustained infrastructure and electrification investment. President and Chief Executive Officer Tom Ferguson said the company is “off to a strong start,” pointing to record sales in both operating segments, solid cash flow, a strong balance sheet, a higher dividend and increased guidance for the fiscal year. The quarter covered the period ended May 31, 2026. → SK Hynix’s Nasdaq Listing Could Reset the AI Memory Trade Smaller Industrials Names Seeing Surging Growth: Here's Why “These results reflect the strength of our strategy, the durability of our end markets, and the continued execution of our teams,” Ferguson said. Chief Financial Officer Jason Crawford said first-quarter sales rose 6.3% year over year to $448.5 million. Metal Coatings sales increased 12.3%, driven by demand across construction, industrial and infrastructure markets. Precoat Metals sales rose 1.5%, supported by higher paint and input cost pass-throughs and the ramp-up of the Washington, Missouri facility, though partially offset by softer volumes in certain construction, HVAC and appliance markets. → 2 Short Squeezes for Summer Speculation: What the Bears Are Getting Wrong AZZ Stock Gains Momentum: Analysts Forecast 25% Upside From Here Gross profit was $112.2 million, or 25% of sales, up 30 basis points from the prior year. Operating income rose to $77 million, or 17.2% of sales, a 70-basis-point improvement year over year. Crawford attributed the improvement to favorable mix, pricing discipline, operational execution and strong incremental margins on higher volumes. GAAP net income was $52 million, while adjusted diluted earnings per share were $1.85, up 3.9% from the prior year. Consolidated adjusted EBITDA was $99.5 million, or 22.2% of sales. → How TeraWulf’s Anthropic Deal Booted Up a $19B AI Empire Crawford also noted that year-over-year comparisons were affected by the prior-year quarter’s equity earnings from the AVAIL joint venture, which included a substantial gain tied to the divestiture of its Electrical Products Group. Current results reflect AZZ’s 40% interest in the remaining AVAIL business. AZZ raised its fiscal 2027 outlook, now expecting sales of $1.8 billion to $1.85 billion, adjusted EBITDA of $375 million to $415 million and adjusted diluted EPS of $6.75 to $7.15. The company also expects to reduce debt by $130 million to $170 million during the fiscal year. Ferguson said the updated guidance reflects sales momentum and operational resilience. In response to an analyst question, he said part of the confidence came from the Washington, Missouri facility reaching run-rate targets sooner than expected, along with pricing actions related to material inflation and zinc costs. David Nark, chief marketing, communications and investor relations officer, said the company expanded its end-market sales disclosures into six primary categories: construction, industrial, infrastructure, HVAC and appliances, transportation, and container. According to Nark, consolidated sales growth included: Construction sales up 3.9%, driven by data center and manufacturing-related projects. Industrial sales up 7.8%, supported by utility-scale power project demand. Container sales up 194%, primarily due to the Washington, Missouri ramp-up. Infrastructure sales essentially flat year over year. Transportation down 1.2% on lower commercial trailer activity. HVAC and appliances down 2.4% on lower residential new construction. Nark said AZZ believes it is in the early stages of “a significant and sustained investment cycle,” driven by modernization of the electric grid, infrastructure, energy and industrial capacity needs. Ferguson said AZZ commissioned a new large kettle in North Texas, effectively doubling capacity at its Crowley, Texas location. He said the investment is designed to meet growing regional demand for hot-dip galvanizing and is aligned with expected utility capital spending in the Southern U.S. At Precoat Metals, Ferguson said the Washington, Missouri facility continues to ramp as planned. Crawford said the facility’s contracted capacity has been discussed in the range of $50 million to $60 million in annual sales, and that the plant is approaching those levels on a run-rate basis. He said AZZ expects the facility to reach full run-rate metrics with its contracted customer by the end of the year, while also beginning to commercialize the remaining 25% of capacity. Ferguson also highlighted a “de-verticalization” arrangement in which a vertically integrated manufacturer divested a non-core galvanizing operation to AZZ. AZZ acquired the customer’s galvanizing kettle and zinc and secured a long-term service agreement. Ferguson described the model as a potential blueprint for future partnerships with customers that own galvanizing assets but do not view them as core operations. AZZ generated $37.1 million in operating cash flow during the quarter. Net leverage was 1.4 times, and capital expenditures totaled $18.7 million. Crawford said the company continues to focus capital spending on high-return organic investments. The company increased its quarterly cash dividend to $0.24 per share from $0.20, a 20% increase. Crawford said AZZ also has $133.2 million remaining under its share repurchase authorization, though it did not repurchase shares during the first quarter. In closing remarks, Ferguson said that if the stock continues to trade in its recent range, the company would anticipate being in the market to buy back shares. During the question-and-answer session, Ferguson said Metal Coatings markets remain robust and that AZZ has not seen significant project delays tied to interest rates or energy costs. He said customers continue to move forward with work tied to electrical infrastructure and data centers, adding that “the majority” of AZZ plants have had at least one data center project ongoing recently. On Precoat Metals, Ferguson said tariffs and substrate availability have affected customers, though conditions appear to have stabilized. Crawford said supply constraints have influenced customer decisions, but that easing availability and potential imports could support more business flowing through Precoat. Ferguson also said AZZ is evaluating acquisition opportunities and expects to announce a deal later in the month. He described the potential transaction as a one-off galvanizing acquisition that had been under due diligence, while adding that AZZ is also reviewing bolt-on opportunities in Precoat Metals. Asked about greenfield galvanizing opportunities, Ferguson said AZZ typically looks for anchor customers rather than take-or-pay agreements. He estimated that a greenfield galvanizing facility could cost about $35 million to $40 million, including real estate, with an approximately 18-month buildout and ramp-up. AZZ Inc, incorporated in 1956 and headquartered in Fort Worth, Texas, is a leading provider of galvanizing and metal finishing solutions alongside electrical equipment and services. The company supports a diverse range of industries—such as energy, infrastructure, heavy equipment and general industrial markets—by delivering corrosion protection and high-performance electrical solutions designed for demanding environments. AZZ operates two primary business segments. The Global Coatings & Services segment offers hot-dip galvanizing, metal finishing, painting, powder coating and related value-added services to steel fabricators and original equipment manufacturers. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "AZZ Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

AZZ (AZZ) came out with quarterly earnings of $1.85 per share, beating the Zacks Consensus Estimate of $1.63 per share. This compares to earnings of $1.78 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +13.50%. A quarter ago, it was expected that this electrical equipment maker would post earnings of $1.19 per share when it actually produced earnings of $1.34, delivering a surprise of +12.61%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. AZZ, which belongs to the Zacks Manufacturing - Electronics industry, posted revenues of $448.53 million for the quarter ended May 2026, surpassing the Zacks Consensus Estimate by 2.98%. This compares to year-ago revenues of $421.96 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. AZZ shares have added about 34.4% since the beginning of the year versus the S&P 500's gain of 9.6%. While AZZ has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for AZZ was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.83 on $446.66 million in revenues for the coming quarter and $6.79 on $1.75 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - Electronics is currently in the bottom 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Powell Industries (POWL), has yet to report results for the quarter ended June 2026. This energy equipment company is expected to post quarterly earnings of $1.49 per share in its upcoming report, which represents a year-over-year change of +12.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Powell Industries' revenues are expected to be $318.25 million, up 11.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AZZ Inc. (AZZ) : Free Stock Analysis Report Powell Industries, Inc. (POWL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Record Quarterly Sales in Both Segments Drives EPS, Cash Flow and Value Creation Raising Fiscal Year 2027 Guidance FORT WORTH, Texas, July 8, 2026 /PRNewswire/ -- AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions, today announced financial results for the first quarter ended May 31, 2026. Fiscal Year 2027 First Quarter Overview (as compared to prior fiscal year first quarter(1)): Total Sales of $448.5 million, up 6.3% Net Income of $52.0 million, down 69.6%; prior year results were meaningfully impacted by equity in earnings from our minority interest in the AVAIL JV related to the sale of the Electrical Products Group to nVent Electric plc; Adjusted net income of $55.8 million, up 3.6% GAAP diluted EPS of $1.72 per share, down 69.6% due to equity in earnings from the AVAIL JV as mentioned above; Adjusted diluted EPS of $1.85, up 3.9% Consolidated Adjusted EBITDA of $99.5 million, or 22.2% of sales, versus prior year of $106.4 million, or 25.2% of sales; prior year Q1 included $7.7 million equity in earnings(2) from AVAIL JV operations Segment Adjusted EBITDA margin of 30.3% for Metal Coatings and 21.7% for Precoat Metals Cash flow from operations of $37.1 million Cash dividend of $0.20 per share to common shareholders paid during the quarter, recently announced 20% increase in dividend to $0.24 per share Net leverage ratio of 1.4x Tom Ferguson, President, and Chief Executive Officer of AZZ, commented, "We are off to a great start in the fiscal year as sales grew to $448.5 million, up 6.3% over the prior year quarter. Our sales momentum and disciplined operational execution resulted in Adjusted EBITDA of $99.5 million, or 22.2% of sales, which generated adjusted diluted EPS of $1.85, up 3.9%. Metal Coatings achieved strong, double-digit sales gains on higher volume of galvanized steel. Meanwhile, Precoat Metals reached record first-quarter sales, fueled by a combination of price increases to offset materials and input cost inflation and the ongoing production ramp-up at the Washington, Missouri facility. We are on track to set new sales and profitability records in fiscal year 2027 due to external market visibility as we continue to execute our strategic plans; therefore, we have increased our annual guidance range." "We ended the quarter with a strong balance sheet and low net debt leverage of 1.4x, providing meaningful financial flexibility as we progress through the year. In the first quarter, we generated $37.1 million in cash from operations and will remain focused on disciplined management of working capital, capital expenditures, and debt throughout the fiscal year. Driven by a proven strategy and disciplined approach to M&A, we are actively pursuing an expanding pipeline of high-quality acquisition targets that will contribute to long-term shareholder value. Finally, I want to thank our AZZ employees as I am proud to work with such a talented group that incorporates pride and passion in everything they do," Ferguson concluded. Segment PerformanceFirst Quarter 2027 Metal Coatings Sales of $210.3 million increased by 12.3% over the first quarter of last year, primarily due to increased volume supported by project spending in several end markets, including construction, industrial, and infrastructure. Segment Adjusted EBITDA of $63.8 million resulted in Adjusted EBITDA margin of 30.3%, a decrease of 260 basis points from the prior year first quarter due to the sale of land in the prior year quarter and share growth in large projects this year. First Quarter 2027 Precoat Metals Sales of $238.2 million increased by 1.5% compared to the first quarter of last year, primarily due to increased sales from the Washington, Missouri facility and the pass-through of higher paint and input costs, partially offset by lower volume due to decreases in construction, infrastructure, HVAC and appliance end markets. Segment EBITDA of $51.8 million resulted in EBITDA margin of 21.7%, an increase of 100 basis points from the prior year first quarter, primarily due to higher sales. Balance Sheet, Liquidity and Capital AllocationThe Company generated operating cash of $37.1 million for the first three months of fiscal year 2027 through improved earnings, coupled with a continued focus on working capital management. At the end of the first quarter, the Company's net leverage was 1.4x trailing twelve months Adjusted EBITDA. During the first three months of fiscal year 2027, the Company made no debt repayments and returned cash to common shareholders through cash dividend payments totaling $6.0 million. Capital expenditures for the first three months of fiscal year 2027 were $18.7 million, and full fiscal year capital expenditures are expected to be approximately $80 - $100 million. Financial Outlook — Raising Fiscal Year 2027 GuidanceWe are raising our fiscal year guidance for the year ending February 28, 2027, which reflects our confidence in the Company's strategic execution, operational resilience, and market positioning. Fiscal year 2027 guidance reflects our best estimates given expected market conditions for the full year, an annualized effective tax rate of 25% and excludes M&A activity and any federal regulatory changes that may emerge. Conference Call DetailsAZZ Inc. will conduct a live conference call with Tom Ferguson, Chief Executive Officer, Jason Crawford, Chief Financial Officer, and David Nark, Chief Marketing, Communications, and Investor Relations Officer to discuss financial results for the first quarter of the fiscal year 2027, Thursday, July 9, 2026, at 11:00 A.M. ET. Interested parties can access the conference call by dialing (844) 855-9499 or (412) 317-5497 (international). A webcast of the call will be available on the Company's Investor Relations page at http://www.azz.com/investor-relations. A replay of the call will be available at (855) 669-9658 or (412) 317-0088 (international), replay access code: 5406597 through July 16, 2026, or by visiting http://www.azz.com/investor-relations for the next 12 months. About AZZ Inc.AZZ Inc. is the leading independent provider of hot-dip galvanizing and coil coating solutions to a broad range of end-markets in North America. Collectively, our business segments provide sustainable, unmatched metal coating solutions that enhance the longevity and appearance of buildings, products and infrastructure that are essential to everyday life. Safe Harbor StatementCertain statements herein about our expectations of future events or results constitute forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by terminology such as "may," "could," "should," "expects," "plans," "will," "might," "would," "projects," "currently," "intends," "outlook," "forecasts," "targets," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology. Such forward-looking statements are based on currently available competitive, financial, and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain, and investors must recognize that actual results may differ from those expressed or implied in the forward-looking statements. Forward-looking statements speak only as of the date they are made and are subject to risks that could cause them to differ materially from actual results. Certain factors could affect the outcome of the matters described herein. This press release may contain forward-looking statements that involve risks and uncertainties including, but not limited to, changes in customer demand for our manufactured solutions, including demand by the construction; infrastructure; transportation; HVAC & appliance; container; and the metal coatings end markets. We could also experience additional increases, including increases due to inflation, in labor costs, components and raw materials including zinc and natural gas, which are used in our hot-dip galvanizing process and paint used in our coil coating process; supply chain vendor delays; delays in additional acquisition opportunities; an increase in our debt leverage and/or interest rates on our debt, of which a significant portion is tied to variable interest rates; availability of experienced management and employees to implement AZZ's growth strategy; a downturn in market conditions in any industry relating to the manufactured solutions that we provide; economic volatility, including a prolonged economic downturn or macroeconomic conditions such as inflation or changes in the political stability in the United States or Canada; tariffs, acts of war or terrorism inside the United States or abroad; and other changes in economic and financial conditions. AZZ has provided additional information regarding risks associated with the business, including in Part I, Item 1A. Risk Factors, in AZZ's Annual Report on Form 10-K for the fiscal year ended February 28, 2026, and other filings with the SEC, available for viewing on AZZ's website at www.azz.com and on the SEC's website at www.sec.gov. You are urged to consider these factors carefully when evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. These statements are based on information as of the date hereof and AZZ assumes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise. Company Contact:David Nark, Chief Marketing, Communications, and Investor Relations OfficerAZZ Inc.(817) 810-0095www.azz.com Investor Contact:Sandy Martin / Phillip KupperThree Part Advisors(214) 616-2207 or (817) 368-2556www.threepa.com AZZ Inc.Non-GAAP DisclosureAdjusted Net Income, Adjusted Earnings Per Share and Adjusted EBITDA In addition to reporting financial results in accordance with Generally Accepted Accounting Principles in the United States ("GAAP"), we provide Adjusted Net Income, Adjusted Earnings per Share and Adjusted EBITDA (collectively, the "Adjusted Earnings Measures"), which are non-GAAP measures. Management believes that the presentation of these measures provides investors with greater transparency when comparing operating results across a broad spectrum of companies, which provides a more complete understanding of our financial performance, competitive position, prospects for future capital investment and debt reduction. Management also believes that investors regularly rely on non-GAAP financial measures, such as Adjusted Net Income, Adjusted Earnings per Share and Adjusted EBITDA to assess operating performance and that such measures may highlight trends in our business that may not otherwise be apparent when relying on financial measures calculated in accordance with GAAP. In calculating adjusted net income and adjusted earnings per share, management excludes the following items from the reported GAAP measure: 1) intangible asset amortization, 2) restructuring charges, 3) certain legal settlements and accruals, 4) retirement and other severance expenses, 5) redemption premium on Series A Preferred Stock, 6) additional stock compensation expense related to the adoption of our executive retiree long-term incentive program, 7) certain adjustments related to the Company's unconsolidated joint venture, and 8) the write-off of debt financing costs. Management defines Adjusted EBITDA as adjusted net income excluding depreciation, amortization, interest and provision for income taxes. Management believes Adjusted EBITDA is used by investors to analyze operating performance and evaluate the Company's ability to incur and service debt, as well as its capacity for making capital expenditures in the future. Management provides non-GAAP financial measures for informational purposes and to enhance understanding of the Company's GAAP consolidated financial statements. Readers should consider these measures in addition to, but not instead of or superior to, the Company's financial statements prepared in accordance with GAAP, and undue reliance should not be placed on these non-GAAP financial measures. Additionally, these non-GAAP financial measures may be determined or calculated differently by other companies, limiting the usefulness of those measures for comparative purposes. The following tables provide a reconciliation for the three months ended May 31, 2026 and May 31, 2025 between the non-GAAP Adjusted Earnings Measures to the most comparable measures, calculated in accordance with GAAP (in thousands, except per share data): See notes on page 9. See notes on page 9. See notes on page 9. See notes on page 9. View original content to download multimedia:https://www.prnewswire.com/news-releases/azz-inc-reports-fiscal-year-2027-first-quarter-results-302821186.html

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. AZZ Inc. investors may be eyeing potential gains from company dividends ahead of its first-quarter earnings report on Wednesday, July 8. After the company reported better-than-expected fourth-quarter results, analysts expect quarterly earnings of $1.69 per share. That’s down from $1.78 per share in the year-ago period. The consensus estimate for AZZ’s quarterly revenue is $434.52 million. It reported $421.96 million last year, according to Benzinga Pro. Don’t Miss: The Average Family’s Finances Are More Complicated Than Ever. These Tools Aim To Make Them Easier To Manage. Think Your ‘Safe’ Stocks Protect You? You’re Ignoring the Real Growth Triggers — Here’s What to Add Now Currently, AZZ has an annual dividend yield of 0.64%. That’s a quarterly dividend amount of 24 cents per share (96 cents a year). To figure out how to earn $500 monthly from AZZ, we start with the yearly target of $6,000 ($500 x 12 months). Next, we take this amount and divide it by AZZ’s 96-cent dividend: $6,000 / $0.96 = 6,250 shares. So, an investor would need to own approximately $936,875 worth of AZZ, or 6,250 shares to generate a monthly dividend income of $500. Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $0.96 = 1,250 shares, or $187,375 to generate a monthly dividend income of $100. Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time. Trending: Caught With Nothing Saved for Retirement? These 5 Game‑Changing Tips Could Still Save You The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change. For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60). Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40). Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease. See Also: Think you’re saving enough for your kids? You might be dangerously off — see why Photo via Shutterstock Read Next: Still Learning the Market? These 50 Must-Know Terms Can Help You Catch Up Fast Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry. Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly. Farmland has historically held its value through market volatility and delivered returns uncorrelated to stocks and bonds. For accredited investors, FarmTogether offers direct access to high-quality U.S. farmland starting at $15,000 — fully managed, with no landlord headaches. Private real estate and private credit can add income and stability to a stock-heavy portfolio. Fundrise offers access to diversified private real estate and credit strategies through an easy-to-use platform, with professionally managed portfolios designed to generate passive income and long-term growth. Institutional-quality real estate has traditionally been difficult for individual investors to access. Realberry gives accredited investors direct access to private real estate opportunities backed by a team with 35 years of experience, $3.4 billion in assets under management, and $481 million in cumulative distributions paid to investors as of Q4 2025, according to the company. With a portfolio spanning 13 million square feet across seven U.S. states, Realberry focuses on acquiring, developing, and managing real estate with an emphasis on long-term value creation while its principals often invest alongside clients to help align interests. Immersed is building technology for the future of work through spatial computing. Known for its AR/VR productivity platform that enables users to work across multiple virtual screens, the company has grown to more than 1.5 million users worldwide. Immersed is also developing Visor, a lightweight headset designed specifically for professional productivity, positioning the company at the intersection of remote work, extended reality (XR), and next-generation computing. The rapid adoption of artificial intelligence is creating significant demand for data centers, power, and compute infrastructure. BluSky AI is building modular AI data centers designed to support next-generation AI workloads while aiming to reduce deployment timelines compared to traditional facilities. For investors looking beyond AI software and applications, the company offers exposure to the infrastructure layer that makes artificial intelligence possible. Residential real estate has historically provided investors with income potential and long-term appreciation, but direct ownership can be expensive and time-consuming. ARK7 enables investors to buy fractional shares of rental properties, offering access to potential rental income and real estate exposure without property management responsibilities. By lowering the barrier to entry, the platform gives investors another way to diversify beyond traditional stocks and bonds. Robotics and automation are becoming increasingly important tools for businesses facing labor shortages and rising operating costs. Miso Robotics develops AI-powered kitchen technology that is already being deployed in restaurant environments, with products designed to help operators improve efficiency and streamline operations. As artificial intelligence expands beyond software and into real-world applications, the company is positioning itself at the intersection of robotics, automation and the future of food service. Fine wine and rare whiskey have historically moved independently of the stock market, making them a compelling alternative asset. Vinovest manages authenticated, insured portfolios of investment-grade wine and whiskey starting at $5,000 — sourcing, storage, and insurance all handled for you. For accredited investors looking beyond stocks and bonds, EquityMultiple provides access to vetted commercial real estate deals starting at $5,000, with only ~5% of opportunities passing their due diligence process. Mode Mobile is changing the way people interact with their phones by letting users earn money from the same apps and activities they already use every day. Instead of platforms keeping all the advertising revenue, Mode Mobile shares a portion back with users who engage with content, play games, and scroll on their devices. Named one of Deloitte’s fastest-growing software companies in North America, the company has built a large beta user base and is scaling a model that turns everyday smartphone usage into a potential income stream. © 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Quarterly Cash Dividend increases 20.0% from $0.20 Per Share to $0.24 Per Share FORT WORTH, Texas, June 25, 2026 /PRNewswire/ -- AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions, today announced its Board of Directors has authorized a first quarter cash dividend in the amount of $0.24 per share on the Company's outstanding shares of common stock. The dividend is payable on July 30, 2026, to shareholders of record as of the close of business on July 9, 2026. While AZZ currently intends to pay regular quarterly cash dividends for the foreseeable future, any future dividends will be reviewed on an individual basis and declared by the Board of Directors at its discretion. AZZ remains committed to enhancing shareholder value based upon its consideration of various factors, including operating results, financial condition, and business outlook at the applicable time. About AZZ Inc. AZZ Inc. is the leading independent provider of hot-dip galvanizing and coil coating solutions to a broad range of end-markets. Collectively, our business segments provide sustainable, unmatched metal coating solutions that enhance the longevity and appearance of buildings, products and infrastructure that are essential to everyday life. Safe Harbor StatementCertain statements herein about our expectations of future events or results constitute forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by terminology such as "may," "could," "should," "expects," "plans," "will," "might," "would," "projects," "currently," "intends," "outlook," "forecasts," "targets," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology. Such forward-looking statements are based on currently available competitive, financial, and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain, and investors must recognize that actual results may differ from those expressed or implied in the forward-looking statements. Forward-looking statements speak only as of the date they are made and are subject to risks that could cause them to differ materially from actual results. Certain factors could affect the outcome of the matters described herein. This press release may contain forward-looking statements that involve risks and uncertainties including, but not limited to, changes in customer demand for our manufactured solutions, including demand by the construction markets, the industrial markets, and the metal coatings markets. We could also experience additional increases, including increases due to inflation, in labor costs, components and raw materials including zinc and natural gas, which are used in our hot-dip galvanizing process, paint used in our coil coating process; customer requested delays of our manufactured solutions; delays in additional acquisition opportunities; an increase in our debt leverage and/or interest rates on our debt, of which a significant portion is tied to variable interest rates; availability of experienced management and employees to implement AZZ's growth strategy; a downturn in market conditions in any industry relating to the manufactured solutions that we provide; economic volatility, including a prolonged economic downturn or macroeconomic conditions such as inflation or changes in the political stability in the United States and other foreign markets in which we operate; tariffs, acts of war or terrorism inside the United States or abroad; and other changes in economic and financial conditions. AZZ has provided additional information regarding risks associated with the business, including in Part I, Item 1A. Risk Factors, in AZZ's Annual Report on Form 10-K for the fiscal year ended February 28, 2026, and other filings with the SEC, available for viewing on AZZ's website at www.azz.com and on the SEC's website at www.sec.gov.You are urged to consider these factors carefully when evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. These statements are based on information as of the date hereof and AZZ assumes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise. Company Contact:David Nark, Chief Marketing, Communications, and Investor Relations OfficerAZZ Inc.(817) 810-0095www.azz.com Investor Contact:Sandy Martin, Phillip KupperThree Part Advisors(214) 616-2207www.threepa.com View original content to download multimedia:https://www.prnewswire.com/news-releases/azz-inc-announces-fiscal-year-2027-first-quarter-cash-dividend-302810280.html