Record High Sales and Adjusted EBITDA
AZZ reported record high sales, adjusted EBITDA, and EPS for the quarter ended May 31, 2025, with adjusted EBITDA margins of 32.9% for Metal Coatings and 20.7% for Precoat Metals.
Successful Monetization of Avail Joint Venture
AZZ monetized nearly all of the electrical product businesses within the Avail joint venture, receiving $273 million in cash, and recorded $165.8 million on the income statement as positive equity and earnings.
Acquisition of Canton Galvanizing
AZZ announced the acquisition of Canton Galvanizing in Canton, Ohio, which is immediately accretive and further scales the galvanizing business with predictable synergies.
Debt Reduction and Improved Leverage Ratio
AZZ paid down $285.4 million of debt in the quarter, improving the credit agreement net leverage ratio to 1.7 times from 2.8 times in the prior year.
Dividend Increase
The board approved an increase to the quarterly cash dividend from $0.17 per share to $0.20 per share, representing a 17.6% increase.