AZZ Inc. (AZZ) Financial Statements (2025 and earlier)

Company Profile

Business Address ONE MUSEUM PLACE, SUITE 500
FORT WORTH, TX 76107
State of Incorp. TX
Fiscal Year End February 29
Industry (SIC) 347 - Coating, Engraving, And Allied Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

8/31/2024
MRQ
2/29/2024
11/30/2023
MRQ
2/28/2023
2/28/2022
2/28/2021
2/29/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,3497,5092,82015,08214,83736,687
Cash and cash equivalents4,3497,5092,82015,08214,83736,687
Receivables157,845173,468183,412167,016128,127139,214
Inventory, net of allowances, customer advances and progress billings117,656126,737(7,300)  99,841
Inventory117,656126,737(7,300)  99,841
Disposal group, including discontinued operation    2353,684 
Other undisclosed current assets87,14985,014238,484204,200156,84478,820
Total current assets:366,999392,728417,416386,533303,492354,562
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization3,931     
Operating lease, right-of-use asset19,80822,83026,39243,28637,801 
Property, plant and equipment541,652525,338498,503230,848205,909213,104
Long-term investments and receivables  97,20084,800   
Long-term investments  97,20084,800   
Intangible assets, net (including goodwill)1,150,9031,156,7761,181,941467,170449,240462,957
Goodwill705,468705,487702,512385,613353,881356,225
Intangible assets, net (excluding goodwill)445,435451,289479,42981,55795,359106,732
Regulated entity, other noncurrent assets57,508     
Deferred income tax assets5,6065,82012,4675,191  
Other noncurrent assets8,4378,026    
Other undisclosed noncurrent assets40,66138(40)  43,208
Total noncurrent assets:1,828,5061,816,0281,804,063746,495692,950719,269
TOTAL ASSETS:2,195,5052,208,7562,221,4791,133,028996,4421,073,831
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities118,996121,071136,395100,06763,640103,745
Taxes payable✕✕✕2723,564 2,876
Employee-related liabilities✕✕✕26,26228,42422,60638,882
Accounts payable88,00195,158109,86143,98741,03461,987
Accrued liabilities30,99525,913 24,092  
Debt766454 1786,588125,000
Other liabilities68,65172,47644,44224,09227,13626,868
Other undisclosed current liabilities5,8935,9996,40326,19416,48625,000
Total current liabilities:194,306200,000187,240150,531113,850280,613
Noncurrent Liabilities
Long-term debt and lease obligation952,742981,3841,058,120262,094211,048115,992
Long-term debt, excluding current maturities952,742980,0041,058,120226,484178,41977,878
Finance lease, liability  1,380 645  
Liabilities, other than long-term debt96,139106,222101,95553,03848,2524,934
Deferred income tax liabilities38,56733,37040,53647,67239,283 
Other liabilities57,57257,12061,4195,3668,9694,934
Operating lease, liability  15,732 34,96532,62938,114
Other undisclosed noncurrent liabilities17,827 20,704  37,926
Total noncurrent liabilities:1,066,7081,087,6061,180,779315,132259,300158,852
Total liabilities:1,261,0141,287,6061,368,019465,663373,150439,465
Temporary equity, carrying amount 233,722     
Equity
Equity, attributable to parent, including:700,769921,150853,460667,365623,292634,366
Common stock25,10225,07724,91224,68825,10826,148
Additional paid in capital103,330333,555326,83985,84775,97966,703
Accumulated other comprehensive loss(3,894)(3,957)(4,573)(27,324)(25,084)(30,899)
Retained earnings576,231566,235506,042584,154547,289572,414
Other undisclosed equity, attributable to parent  240240   
Total equity:700,769921,150853,460667,365623,292634,366
TOTAL LIABILITIES AND EQUITY:2,195,5052,208,7562,221,4791,133,028996,4421,073,831

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

8/31/2024
TTM
2/29/2024
11/30/2023
TTM
2/28/2023
2/28/2022
2/28/2021
2/29/2020
Revenues1,537,5891,816,6591,323,649902,664838,9171,061,817
Cost of revenue(1,174,128)(1,408,308)(1,027,706)(677,441)(650,170)(824,589)
Cost of goods and services sold     (2,511)(824,589)
Gross profit:363,461408,351295,943225,223188,747237,228
Operating expenses(141,861)(142,166)(122,305)(114,232)(110,214)(139,253)
Other undisclosed operating income (loss)  (552) 2,349(16,919)(18,632)
Operating income:221,600265,633173,638113,34061,61479,343
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		1612,6111,240(600)(969)(990)
Interest and debt expense(107,065)(166,050)(88,800)(6,395)(9,648)(13,463)
Income from continuing operations before equity method investments, income taxes:114,696102,19486,078106,34550,99764,890
Income from equity method investments15,40711,1362,597   
Other undisclosed income from continuing operations before income taxes  2,597    
Income from continuing operations before income taxes:130,103115,92788,675106,34550,99764,890
Income tax expense(28,496)(28,244)(22,336)(22,323)(11,383)(16,656)
Income from continuing operations:101,60787,68366,33984,02239,61448,234
Income before gain (loss) on sale of properties:✕✕✕✕84,02239,61448,234
Other undisclosed net income      
Net income:101,60787,68366,33984,02239,61448,234
Other undisclosed net loss attributable to parent  (119,313)(119,313)   
Net income (loss) attributable to parent:101,607(31,630)(52,974)84,02239,61448,234
Preferred stock dividends and other adjustments(14,400)(10,800)(8,240)   
Other undisclosed net loss available to common stockholders, basic  (8,240)    
Net income (loss) available to common stockholders, basic:87,207(50,670)(61,214)84,02239,61448,234
Convertible preferred dividends 7,200    
Other undisclosed net income available to common stockholders, diluted  3,600    
Net income (loss) available to common stockholders, diluted:87,207(39,870)(61,214)84,02239,61448,234

Comprehensive Income ($ in thousands)
Annual | Quarterly

8/31/2024
TTM
2/29/2024
11/30/2023
TTM
2/28/2023
2/28/2022
2/28/2021
2/29/2020
Net income:101,60787,68366,33984,02239,61448,234
Other comprehensive income (loss)67925,32022,751(2,310)5,815(2,147)
Comprehensive income:102,286113,00389,09081,71245,42946,087
Other undisclosed comprehensive loss, net of tax, attributable to parent(14,400)(138,353)(127,553)   
Comprehensive income (loss), net of tax, attributable to parent:87,886(25,350)(38,463)81,71245,42946,087

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: