•
Nov 30, 2024

Azz Q3 2025 Earnings Report

Reported strong sales growth driven quarterly results and narrowed and raised fiscal year 2025 financial guidance.

Key Takeaways

AZZ Inc. reported a 5.8% increase in total sales, reaching $403.7 million, and an adjusted EPS of $1.39. The company's adjusted EBITDA grew to $90.7 million, representing 22.5% of sales, driven by higher volume and operational productivity. Debt was reduced by $35 million during the quarter.

Total sales increased by 5.8% to $403.7 million.

Net income rose by 25.0% to $33.6 million.

GAAP diluted EPS increased by 21.7% to $1.12 per share, while adjusted diluted EPS increased by 16.8% to $1.39.

Adjusted EBITDA reached $90.7 million, or 22.5% of sales.

Total Revenue
$404M
Previous year: $382M
+5.8%
EPS
$1.39
Previous year: $1.19
+16.8%
Gross Profit
$97.8M
Previous year: $88.1M
+10.9%
Cash and Equivalents
$1.48M
Previous year: $7.51M
-80.2%
Free Cash Flow
$39.7M
Previous year: $38.4M
+3.4%
Total Assets
$2.24B
Previous year: $2.21B
+1.6%

Azz

Azz

Azz Revenue by Segment

Forward Guidance

Revised Fiscal Year 2025 guidance reflects our best estimates given expected market conditions for the full year, lower interest expense, an annualized effective tax rate of 25% and excludes any federal regulatory changes that may emerge.

Positive Outlook

  • Sales are expected to be between $1.550 and $1.600 billion.
  • Adjusted EBITDA is projected to be between $340 and $360 million.
  • Adjusted diluted EPS is expected to be between $5.00 and $5.30.
  • Includes approximately $15 - $18 million of equity income from AZZ’s minority interest in its unconsolidated subsidiary.
  • Excludes the impact of any future acquisitions.