Quarterly ResultJul 8, 2026, 04:22 PM
AZZ Q1 Sales Up 6.3% to $448.5M; Net Income $52.0M
AI Summary
AZZ Inc. reported a 6.3% increase in sales to $448.5 million for the first quarter ended May 31, 2026, compared to $422.0 million in the prior year. Operating income rose by 10.8% to $77.0 million. However, net income significantly decreased to $52.0 million ($1.72 diluted EPS) from $170.9 million ($5.66 diluted EPS) in the same period last year, primarily due to a large one-time equity gain from the AVAIL JV divestiture in Q1 2025. The company also amended its Revolving Credit Facility, extending its maturity to May 2029 and reducing interest rate tiers.
Key Highlights
- Sales increased 6.3% to $448.5 million for the first quarter ended May 31, 2026.
- Operating income rose 10.8% to $77.0 million in Q1 2026.
- Net income was $52.0 million ($1.72 diluted EPS) for Q1 2026.
- Q1 2025 net income was $170.9 million ($5.66 diluted EPS), including a $165.8 million equity gain.
- Revolving Credit Facility maturity extended from May 2026 to May 2029.
- Interest rate tiers on Revolving Credit Facility reduced.
- Metal Coatings segment sales reached $210.3 million.
- Precoat Metals segment sales reached $238.2 million.
Price Impact
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