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)Annual | Quarterly
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 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 3,878 | 2,820 | 3,290 | 11,340 | 100,998 | 15,082 | |||
Cash and cash equivalents | 3,878 | 2,820 | 3,290 | 11,340 | 100,998 | 15,082 | |||
Receivables | 170,460 | 183,412 | 173,341 | 193,647 | 255,749 | 167,016 | |||
Inventory, net of allowances, customer advances and progress billings | (7,300) | ||||||||
Inventory | (7,300) | ||||||||
Disposal group, including discontinued operation | 215,068 | 235 | 235 | ||||||
Other undisclosed current assets | 234,151 | 238,484 | 230,003 | 238,385 | 363,414 | 204,200 | |||
Total current assets: | 408,489 | 417,416 | 406,634 | 658,440 | 720,396 | 386,533 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 26,262 | 26,392 | 24,248 | 25,550 | 51,909 | 43,286 | |||
Property, plant and equipment | 504,032 | 498,503 | 491,367 | 496,125 | 491,722 | 230,848 | |||
Long-term investments and receivables | 84,800 | ||||||||
Long-term investments | 84,800 | ||||||||
Intangible assets, net (including goodwill) | 1,174,306 | 1,181,941 | 713,684 | 739,840 | 1,513,048 | 467,170 | |||
Goodwill | 705,501 | 702,512 | 710,246 | 736,218 | 918,877 | 385,613 | |||
Intangible assets, net (excluding goodwill) | 468,805 | 479,429 | 3,438 | 3,622 | 594,171 | 81,557 | |||
Regulated entity, other noncurrent assets | 64,409 | 69,852 | |||||||
Disposal group, including discontinued operation, noncurrent assets | 186,508 | ||||||||
Deferred income tax assets | 5,820 | 12,467 | 481,121 | 478,284 | 5,217 | 5,191 | |||
Other undisclosed noncurrent assets | 22,659 | (40) | 12,568 | ||||||
Total noncurrent assets: | 1,797,488 | 1,804,063 | 1,792,840 | 1,926,307 | 2,061,896 | 746,495 | |||
TOTAL ASSETS: | 2,205,977 | 2,221,479 | 2,199,474 | 2,584,747 | 2,782,292 | 1,133,028 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 125,120 | 136,395 | 144,756 | 196,514 | 214,567 | 100,067 | |||
Taxes payable | ✕ | ✕ | 272 | ✕ | 11,135 | 1,661 | 3,564 | ||
Employee-related liabilities | ✕ | ✕ | 26,262 | 35,821 | 27,294 | 27,261 | 28,424 | ||
Accounts payable | 107,398 | 109,861 | 108,935 | 158,085 | 185,645 | 43,987 | |||
Accrued liabilities | 17,722 | 24,092 | |||||||
Debt | 288 | 13,200 | 13,200 | 13,189 | 178 | ||||
Disposal group, including discontinued operation | 79,932 | ||||||||
Other liabilities | 48,426 | 44,442 | 51,402 | 52,512 | 57,477 | 24,092 | |||
Other undisclosed current liabilities | 6,273 | 6,403 | 11,397 | 8,102 | 49,180 | 26,194 | |||
Total current liabilities: | 180,107 | 187,240 | 220,755 | 350,260 | 334,413 | 150,531 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 1,041,813 | 1,058,120 | 1,011,350 | 1,259,111 | 1,637,380 | 262,094 | |||
Long-term debt, excluding current maturities | 1,040,841 | 1,058,120 | 1,010,648 | 1,238,170 | 1,594,777 | 226,484 | |||
Finance lease, liability | 972 | 702 | 756 | 625 | 645 | ||||
Liabilities, other than long-term debt | 112,684 | 101,955 | 114,856 | 115,755 | 122,940 | 53,038 | |||
Deferred income tax liabilities | 30,180 | 40,536 | 31,879 | 29,044 | 48,137 | 47,672 | |||
Disposal group, including discontinued operation, liabilities | 21,621 | ||||||||
Other liabilities | 63,049 | 61,419 | 64,006 | 65,090 | 74,803 | 5,366 | |||
Operating lease, liability | 19,455 | 18,971 | 20,185 | 41,978 | 34,965 | ||||
Other undisclosed noncurrent liabilities | 20,704 | ||||||||
Total noncurrent liabilities: | 1,154,497 | 1,180,779 | 1,126,206 | 1,374,866 | 1,760,320 | 315,132 | |||
Total liabilities: | 1,334,604 | 1,368,019 | 1,346,961 | 1,725,126 | 2,094,733 | 465,663 | |||
Equity | |||||||||
Equity, attributable to parent, including: | 871,373 | 853,460 | 852,513 | 859,621 | 687,559 | 667,365 | |||
Common stock | 25,013 | 24,912 | 24,876 | 24,862 | 24,788 | 24,688 | |||
Additional paid in capital | 326,931 | 326,839 | 325,433 | 323,386 | 85,432 | 85,847 | |||
Accumulated other comprehensive loss | (7,540) | (4,573) | (10,851) | (30,070) | (26,700) | (27,324) | |||
Retained earnings | 526,729 | 506,042 | 512,815 | 541,203 | 604,039 | 584,154 | |||
Other undisclosed equity, attributable to parent | 240 | 240 | 240 | 240 | |||||
Total equity: | 871,373 | 853,460 | 852,513 | 859,621 | 687,559 | 667,365 | |||
TOTAL LIABILITIES AND EQUITY: | 2,205,977 | 2,221,479 | 2,199,474 | 2,584,747 | 2,782,292 | 1,133,028 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
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 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 390,873 | 645,639 | 373,301 | 406,710 | 314,398 | 259,377 | ||
Cost of revenue | (293,854) | (519,702) | (300,219) | (305,155) | (229,942) | (177,130) | ||
Gross profit: | 97,019 | 125,937 | 73,082 | 101,555 | 84,456 | 82,247 | ||
Operating expenses | (31,523) | (39,079) | (27,689) | (37,414) | (44,546) | (17,363) | ||
Other undisclosed operating income (loss) | (552) | 5,616 | ||||||
Operating income: | 65,496 | 86,306 | 45,393 | 64,141 | 39,910 | 70,500 | ||
Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (38) | 2,602 | 610 | (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: | 36,752 | 5,189 | 19,880 | 35,942 | 31,639 | 71,704 | ||
Income from equity method investments | 1,420 | 1,006 | ||||||
Other undisclosed income from continuing operations before income taxes | 2,597 | |||||||
Income from continuing operations before income taxes: | 38,172 | 7,786 | 20,886 | 35,942 | 31,639 | 71,704 | ||
Income tax expense | (9,650) | (3,847) | (2,447) | (10,822) | (7,562) | (11,136) | ||
Income from continuing operations: | 28,522 | 3,939 | 18,439 | 25,120 | 24,077 | 60,568 | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (57,570) | 24,077 | 60,568 | |
Loss from discontinued operations | (38,981) | (82,690) | ||||||
Net income (loss): | 28,522 | 3,939 | (20,542) | (57,570) | 24,077 | 60,568 | ||
Other undisclosed net loss attributable to parent | (119,313) | |||||||
Net income (loss) attributable to parent: | 28,522 | (115,374) | (20,542) | (57,570) | 24,077 | 60,568 | ||
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) | 24,077 | 60,568 | ||
Interest on convertible debt | 2,006 | 547 | ||||||
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) | 24,624 | 60,568 |
Comprehensive Income ($ in thousands)Annual | Quarterly
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): | 28,522 | 3,939 | (20,542) | (57,570) | 24,077 | 60,568 | ||
Other comprehensive income (loss) | (2,967) | 24,704 | 19,219 | (3,370) | 624 | (6,024) | ||
Comprehensive income (loss): | 25,555 | 28,643 | (1,323) | (60,940) | 24,701 | 54,544 | ||
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) | 24,701 | 54,544 |
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.