AZZ Inc. (AZZ) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE MUSEUM PLACE, SUITE 500
FORT WORTH, TX 76107
State of Incorp. TX
Fiscal Year End February 28
Industry (SIC) 347 - Coating, Engraving, And Allied Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

8/31/2023
Q2
5/31/2023
Q1
2/28/2023
Q4
11/30/2022
Q3
8/31/2022
Q2
5/31/2022
Q1
2/28/2022
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,8782,8203,29011,340100,99815,082
Cash and cash equivalents3,8782,8203,29011,340100,99815,082
Receivables170,460183,412173,341193,647255,749167,016
Inventory, net of allowances, customer advances and progress billings  (7,300)    
Inventory  (7,300)    
Disposal group, including discontinued operation    215,068235235
Other undisclosed current assets234,151238,484230,003238,385363,414204,200
Total current assets:408,489417,416406,634658,440720,396386,533
Noncurrent Assets
Operating lease, right-of-use asset26,26226,39224,24825,55051,90943,286
Property, plant and equipment504,032498,503491,367496,125491,722230,848
Long-term investments and receivables  84,800    
Long-term investments  84,800    
Intangible assets, net (including goodwill)1,174,3061,181,941713,684739,8401,513,048467,170
Goodwill705,501702,512710,246736,218918,877385,613
Intangible assets, net (excluding goodwill)468,805479,4293,4383,622594,17181,557
Regulated entity, other noncurrent assets64,409 69,852   
Disposal group, including discontinued operation, noncurrent assets    186,508  
Deferred income tax assets5,82012,467481,121478,2845,2175,191
Other undisclosed noncurrent assets22,659(40)12,568   
Total noncurrent assets:1,797,4881,804,0631,792,8401,926,3072,061,896746,495
TOTAL ASSETS:2,205,9772,221,4792,199,4742,584,7472,782,2921,133,028
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities125,120136,395144,756196,514214,567100,067
Taxes payable27211,1351,6613,564
Employee-related liabilities26,26235,82127,29427,26128,424
Accounts payable107,398109,861108,935158,085185,64543,987
Accrued liabilities17,722    24,092
Debt288 13,20013,20013,189178
Disposal group, including discontinued operation    79,932  
Other liabilities48,42644,44251,40252,51257,47724,092
Other undisclosed current liabilities6,2736,40311,3978,10249,18026,194
Total current liabilities:180,107187,240220,755350,260334,413150,531
Noncurrent Liabilities
Long-term debt and lease obligation1,041,8131,058,1201,011,3501,259,1111,637,380262,094
Long-term debt, excluding current maturities1,040,8411,058,1201,010,6481,238,1701,594,777226,484
Finance lease, liability972 702756625645
Liabilities, other than long-term debt112,684101,955114,856115,755122,94053,038
Deferred income tax liabilities30,18040,53631,87929,04448,13747,672
Disposal group, including discontinued operation, liabilities    21,621  
Other liabilities63,04961,41964,00665,09074,8035,366
Operating lease, liability19,455 18,97120,18541,97834,965
Other undisclosed noncurrent liabilities  20,704    
Total noncurrent liabilities:1,154,4971,180,7791,126,2061,374,8661,760,320315,132
Total liabilities:1,334,6041,368,0191,346,9611,725,1262,094,733465,663
Equity
Equity, attributable to parent, including:871,373853,460852,513859,621687,559667,365
Common stock25,01324,91224,87624,86224,78824,688
Additional paid in capital326,931326,839325,433323,38685,43285,847
Accumulated other comprehensive loss(7,540)(4,573)(10,851)(30,070)(26,700)(27,324)
Retained earnings526,729506,042512,815541,203604,039584,154
Other undisclosed equity, attributable to parent240240240240  
Total equity:871,373853,460852,513859,621687,559667,365
TOTAL LIABILITIES AND EQUITY:2,205,9772,221,4792,199,4742,584,7472,782,2921,133,028

Income Statement (P&L) ($ in thousands)

8/31/2023
Q2
5/31/2023
Q1
2/28/2023
Q4
11/30/2022
Q3
8/31/2022
Q2
5/31/2022
Q1
2/28/2022
Q4
Revenues390,873645,639373,301406,710314,398259,377
Cost of revenue(293,854)(519,702)(300,219)(305,155)(229,942)(177,130)
Gross profit:97,019125,93773,082101,55584,45682,247
Operating expenses(31,523)(39,079)(27,689)(37,414)(44,546)(17,363)
Other undisclosed operating income (loss)  (552)   5,616
Operating income:65,49686,30645,39364,14139,91070,500
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(38)2,602610(55)(798)223
Interest and debt expense(28,706)(83,719)(26,123)(28,144)(7,473)981
Income from continuing operations before equity method investments, income taxes:36,7525,18919,88035,94231,63971,704
Income from equity method investments1,420 1,006   
Other undisclosed income from continuing operations before income taxes  2,597    
Income from continuing operations before income taxes:38,1727,78620,88635,94231,63971,704
Income tax expense(9,650)(3,847)(2,447)(10,822)(7,562)(11,136)
Income from continuing operations:28,5223,93918,43925,12024,07760,568
Income (loss) before gain (loss) on sale of properties:(57,570)24,07760,568
Loss from discontinued operations   (38,981)(82,690)  
Net income (loss):28,5223,939(20,542)(57,570)24,07760,568
Other undisclosed net loss attributable to parent  (119,313)    
Net income (loss) attributable to parent:28,522(115,374)(20,542)(57,570)24,07760,568
Preferred stock dividends and other adjustments(3,600) (3,600)(1,040)  
Other undisclosed net loss available to common stockholders, basic  (8,240)    
Net income (loss) available to common stockholders, basic:24,922(123,614)(24,142)(58,610)24,07760,568
Interest on convertible debt    2,006547 
Convertible preferred dividends   1,040  
Other undisclosed net income available to common stockholders, diluted 3,600     
Net income (loss) available to common stockholders, diluted:28,522(123,614)(24,142)(55,564)24,62460,568

Comprehensive Income ($ in thousands)

8/31/2023
Q2
5/31/2023
Q1
2/28/2023
Q4
11/30/2022
Q3
8/31/2022
Q2
5/31/2022
Q1
2/28/2022
Q4
Net income (loss):28,5223,939(20,542)(57,570)24,07760,568
Other comprehensive income (loss)(2,967)24,70419,219(3,370)624(6,024)
Comprehensive income (loss):25,55528,643(1,323)(60,940)24,70154,544
Other undisclosed comprehensive loss, net of tax, attributable to parent(3,600)(127,553)(3,600)(1,040)  
Comprehensive income (loss), net of tax, attributable to parent:21,955(98,910)(4,923)(61,980)24,70154,544

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: