AZZ Incorporated ( (AZZ) ) has released its Q1 earnings. Here is a breakdown of the information AZZ Incorporated presented to its investors.
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AZZ Inc. is a leading independent provider of hot-dip galvanizing and coil coating solutions in North America, serving a broad range of end-markets with sustainable metal coating solutions that enhance the longevity and appearance of essential infrastructure and products.
AZZ Inc. has reported its fiscal year 2026 first-quarter results, showcasing record quarterly sales, adjusted EBITDA, and adjusted EPS compared to the previous year. The company has also raised its fiscal year 2026 guidance, reflecting strong earnings and strategic execution.
In the first quarter of fiscal year 2026, AZZ Inc. achieved total sales of $422.0 million, marking a 2.1% increase from the prior year. The Metal Coatings segment saw a 6.0% rise in sales, while Precoat Metals experienced a slight decline of 0.8%. The company reported a significant increase in net income, reaching $170.9 million, up 331.6%, and adjusted net income of $53.8 million, up 22.3%. Adjusted diluted EPS rose by 21.9% to $1.78, and adjusted EBITDA increased to $106.4 million, representing 25.2% of sales.
AZZ Inc. also made notable strides in debt reduction, decreasing its debt by $285 million, resulting in a net leverage ratio of 1.7x. The company paid a cash dividend of $0.17 per share to common shareholders and announced an increase in the quarterly cash dividend to $0.20 per share. Additionally, AZZ Inc. completed a bolt-on acquisition within its Metal Coatings segment, further strengthening its market position.
Looking ahead, AZZ Inc. remains optimistic about its strategic plans and market positioning. The company has adjusted its fiscal year 2026 guidance, projecting sales between $1.625 billion and $1.725 billion, adjusted EBITDA between $360 million and $400 million, and adjusted diluted EPS ranging from $5.75 to $6.25. Management is confident in achieving new profitability records as it continues to execute its strategic initiatives.