AZZ Inc. reports Q2 adjusted EPS $1.55, consensus $1.57

Reports Q2 revenue $417.3M, consensus $426.15M. CEO Tom Ferguson commented, “Q2 sales expanded to $417.3M, up 2.0% over the prior year, and generated adjusted diluted EPS of $1.55, up 13.1%…On a year-to-date basis, sales increased $17.0M, or 2.1% over prior year and Adjusted EBITDA increased $9.2M, or 4.9% over prior year. We continue to have confidence that our full-year 2026 financial guidance is achievable, as we carefully monitor customer trends in key markets. During the quarter we continued to strengthen our balance sheet…The Q2 performance generated $58.4M cash from operations, and we will continue to closely manage working capital, capital expenditures, and debt as we progress through the second half of our fiscal year. Our pipeline of M&A opportunities remains robust, reflecting the strength of our strategy and our disciplined approach to pursuing high-quality acquisition targets. Finally, I want to thank all of our dedicated AZZ employees for their hard work, disciplined focus and pride and passion for delivering outstanding quality and service to our customers”.