"Having grown up in Austin, I've river rafted the Guadalupe and camped along its banks often...we are pleased to share our first quarter results...record high sales" - Tom Ferguson
— Tom Ferguson
03Detailed Report
AZZ
AZZ Inc
Period
Q1 2026
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 17, 2026
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Executive Summary
AZZ Inc reported exceptional performance in the first quarter of fiscal year 2026, marked by record sales, adjusted EBITDA, and earnings per share (EPS). Total revenue reached $422 million, a 2.1% increase year-over-year, primarily driven by growth in the Metal Coatings segment which saw a 6% rise due to higher steel volumes. The company achieved an adjusted EBITDA margin of 25.2%, reflecting operational resilience and effective cost management amidst ongoing industry challenges. Management emphasized strategic acquisitions, including the Canton Galvanizing facility, and highlighted a robust outlook based on infrastructure spending and operational efficiencies. In a significant move, the board increased the quarterly cash dividend by 17.6%, underlining the financial strength and commitment to returning value to shareholders.
Key Performance Indicators
Revenue
Increasing
421.96M
QoQ: 19.92% | YoY: 2.12%
Gross Profit
Increasing
104.13M
24.68% margin
QoQ: 32.28% | YoY: 1.42%
Operating Income
Decreasing
69.55M
QoQ: 72.01% | YoY: -0.29%
Net Income
Increasing
170.91M
QoQ: 745.70% | YoY: 331.56%
EPS
Increasing
5.71
QoQ: 739.71% | YoY: 513.77%
Revenue Trend
Margin Analysis
Financial Highlights
Financial Performance:
- Revenue: $422 million, up 2.1% YoY.
- Gross Profit: $104.1 million (24.7% margin), a slight increase from the previous year.
- Operating Income: $69.5 million (16.5% margin), reflecting operational strength despite restructuring costs.
- Net Income: $170.9 million, a staggering increase of 331.56% YoY, influenced by the monetization of the Avail joint venture.
- EPS: $5.71, a remarkable 513.77% rise compared to the prior year.
- Adjusted EBITDA: $106.4 million, representing 25.2% of sales, a notable margin increase driven by efficiencies and volume gains.
Trends:
- Strong performance in the Metal Coatings segment due to heightened infrastructure spending.
- Gradual recovery from previous quarter challenges such as weather impacts.
Management Commentary:
"We are pleased to report record high sales...driven by infrastructure-related demand in key markets...our Metal Coatings segment...experienced growth in construction..." - Tom Ferguson, CEO.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
421.96M
2.12%
19.92%
Gross Profit
104.13M
1.42%
32.28%
Operating Income
69.55M
-0.29%
72.01%
Net Income
170.91M
331.56%
745.70%
EPS
5.71
513.77%
739.71%
Key Financial Ratios
Management Insights Available for Members
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