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Feb 29, 2024
Azz Q4 2024 Earnings Report
Reported record full-year sales, profitability, and cash flow, with strong performance in both Metal Coatings and Precoat Metals segments.
Key Takeaways
AZZ Inc. reported an 8.9% increase in total sales to $366.5 million and a significant rise in diluted EPS to $0.56, up 273.3% compared to the prior year. The company's net income also saw a substantial increase of 140.5% to $17.9 million. Fiscal year 2024 was a pivotal year for AZZ, reflecting continued success in Metal Coatings and the first full fiscal year of results in Precoat Metals.
Total sales increased by 8.9% to $366.5 million.
Diluted EPS increased by 273.3% to $0.56.
Net income increased by 140.5% to $17.9 million.
Adjusted EBITDA was $73.9 million, representing 20.2% of sales.
Azz
Azz
Azz Revenue by Segment
Revenue by Segment
Metal Coatings Revenue
CapyFin.comPrecoat Metals Revenue
CapyFin.com Forward Guidance
The company reiterated its FY25 guidance, expecting sales between $1.525 and $1.625 billion, adjusted EBITDA between $310 and $360 million, and adjusted diluted EPS between $4.50 and $5.00.
Positive Outlook
- Sales are expected to be between $1.525 and $1.625 billion.
- Adjusted EBITDA is projected to be between $310 and $360 million.
- Adjusted Diluted EPS is anticipated to be between $4.50 and $5.00.
- Guidance excludes the impact of any future acquisitions.
- Guidance includes approximately $15 - $18 million of equity income from AZZ’s minority interest in its unconsolidated subsidiary.
Challenges Ahead
- Guidance excludes the impact of any future acquisitions.
- Includes approximately $15 - $18 million of equity income from AZZ’s minority interest in its unconsolidated subsidiary.
- Adjusted Diluted EPS guidance includes the addback of amortization related to the Company’s intangible assets.
- Potential changes in customer demand for manufactured solutions.
- Possible increases in labor costs, components, and raw materials.
Revenue & Expenses
Visualization of income flow from segment revenue to net income