Breaking Down the Numbers: AZZ Inc. Reveals Impressive Third Quarter Results for Fiscal Year 2025
Description:
Strong Sales Growth Drives Quarterly Results; Narrowing and Raising Fiscal Year 2025 Financial Guidance
FORT WORTH, Texas, Jan. 7, 2025 /PRNewswire/ — AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions, today announced financial results for the third quarter ended November 30, 2024.
Fiscal Year 2025 Third Quarter Financial Results Overview (as compared to prior fiscal year third quarter):
Total Sales of $403.7 million, up 5.8%
Metal Coatings sales of $168.6 million, up 3.3%
Precoat Metals sales of $235.1 million, up 7.6%
Net Income of $33.6 million, up 25.0%
Adjusted net income of $41.9 million, up 20.5%
GAAP diluted EPS of $1.12 per share, up 21.7%
Adjusted diluted EPS of $1.39, up 16.8%
Adjusted EBITDA of $90.7 million or 22.5% of sales, versus prior year of $86.4 million, or 22.6% of sales
Segment Adjusted EBITDA margin of 31.5% for Metal Coatings and 19.1% for Precoat Metals
Debt reduction of $35 million in the quarter; fiscal year-to-date debt reduction of $80 million, resulting in net leverage ratio 2.6x
Cash dividend of $0.17 per share to common shareholders
Repriced Term Loan B which reduced the future borrowing rate by 75 basis points to SOFR+2.50%
Adjusted Net Income, Adjusted EPS, Adjusted EBITDA, and net leverage ratio are non-GAAP financial measures as defined and reconciled in the tables below.
How This Will Affect Me:
As an investor, the impressive third quarter results of AZZ Inc. for fiscal year 2025 indicate a strong financial performance and growth potential. This could result in an increase in the value of your investments in the company.
How This Will Affect the World:
The positive financial results of AZZ Inc. demonstrate a healthy and thriving business, which can have a broader positive impact on the economy by creating jobs, driving innovation, and contributing to overall economic growth.
Conclusion:
Overall, the impressive third quarter results of AZZ Inc. for fiscal year 2025 reflect strong sales growth, improved financial metrics, and a solid strategic direction. This bodes well for both investors and the broader economy, positioning the company for continued success in the future.
