AZZ Inc
F:AI7
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AZZ Inc
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Apellis Pharmaceuticals Inc
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AZZ Inc
AZZ Inc. makes metal coatings and electrical equipment for industrial customers. Its core business is protecting steel with hot-dip galvanizing and other finishing services that help metal last longer in harsh environments. It also sells power distribution and related electrical products used in industrial plants, utilities, and other large facilities. The company serves customers that need durable metal parts and electrical infrastructure, such as manufacturers, construction firms, power users, and utility companies. In practice, AZZ sits in the middle of the supply chain: customers send in steel or buy fabricated components, and AZZ adds the coating, protection, or electrical gear needed before those items go into service. AZZ makes money by charging for its coating and finishing services and by selling equipment and components. Its business model is different from a typical manufacturer because a lot of its value comes from specialized processing and protection work that is hard to do in-house. That makes AZZ a practical service provider for customers that care about durability, safety, and reliable infrastructure.
AZZ Inc. makes metal coatings and electrical equipment for industrial customers. Its core business is protecting steel with hot-dip galvanizing and other finishing services that help metal last longer in harsh environments. It also sells power distribution and related electrical products used in industrial plants, utilities, and other large facilities.
The company serves customers that need durable metal parts and electrical infrastructure, such as manufacturers, construction firms, power users, and utility companies. In practice, AZZ sits in the middle of the supply chain: customers send in steel or buy fabricated components, and AZZ adds the coating, protection, or electrical gear needed before those items go into service.
AZZ makes money by charging for its coating and finishing services and by selling equipment and components. Its business model is different from a typical manufacturer because a lot of its value comes from specialized processing and protection work that is hard to do in-house. That makes AZZ a practical service provider for customers that care about durability, safety, and reliable infrastructure.
Record year: AZZ said fiscal 2026 was its third straight year of record sales and profitability, with sales of $1.65 billion, adjusted EBITDA above $367 million, and adjusted EPS up 19% to $6.19.
Strong Q4: Fourth-quarter sales hit a record $385.1 million, up 9.4% year over year, helped by strong Metal Coatings growth and less weather disruption.
Mixed segments: Metal Coatings grew 14.1% for the year and posted EBITDA margins of 31%, while Precoat Metals sales fell 2.3% on softness in residential and other end markets.
FY27 guide: Management reiterated fiscal 2027 guidance for sales of $1.725 billion to $1.775 billion, adjusted EBITDA of $360 million to $400 million, and adjusted EPS of $6.50 to $7.
Data centers: Management said data center and related power infrastructure demand remains a major growth driver and expects more projects to enter construction in 2026.
Capital allocation: AZZ cut debt by $385 million in fiscal 2026, ended with 1.4x net debt-to-EBITDA, and said it will stay active on buybacks while remaining selective on M&A.
