Press Releases

AZZ Inc. (NYSE: AZZ), (the “Company”), a global provider of metal coating services, welding solutions, specialty electrical equipment and highly engineered services, today announced that it has completed the review of the materiality of certain historical accounting treatment of certain contracts in its Energy Segment as originally communicated in its January 9, 2018 press release. On March 26, 2018, the management of the Company in conferring with the Company’s independent registered public accounting firm, BDO USA, LLP (“BDO”), concluded that the Company’s previously issued audited consolidated financial statements (and any related audit reports of BDO) contained in the Company’s 2017 Annual Report on Form 10-K (which includes financial statements for years ending February 28, 2015, and February 29, 2016, and February 28, 2017) and the unaudited consolidated financial statements contained in the Company’s Quarterly Reports on Form 10-Q for the quarters ended May 31, 2017 and August 31, 2017 (collectively, the “Relevant Periods”) should no longer be relied upon due to an accounting error. The Company determined that it should have applied the percentage-of-completion method of accounting under the FASB’s Accounting Standards Codification No. 605-35, Construction-Type and Production-Type Contracts (“ASC 605-35”), for certain contracts of the Company as further described below. After conferring with the Company’s management and BDO, the Audit Committee of the Board of Directors of the Company concurred with the above conclusion of the Company’s management.

AZZ Inc. (NYSE: AZZ), a global provider of metal coatings services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets announced today that it has completed the purchase of certain assets of Lectrus Corporation pursuant to the Court entering the Sale Order on March 20, 2018. The Chattanooga, Tennessee facility of Lectrus was included in the assets acquired by AZZ Enclosure Systems – Chattanooga LLC, a Delaware limited liability company. The purchase price was $8 million plus certain cure costs pursuant to the Bankruptcy Code, which amount to approximately $215,000.

AZZ Inc. (NYSE: AZZ), a global provider of metal coatings services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, announced today it has won the bid to acquire certain assets through a 363 bankruptcy sale process, from Lectrus Corporation, a privately-held Tennessee corporation, that designs and manufactures custom metal enclosures and provides electrical and mechanical integration. The Chattanooga, Tennessee facility of Lectrus is included in the assets acquired.

AZZ Inc. (NYSE: AZZ), a global provider of metal coatings services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, announced today that it has acquired all the assets and outstanding shares of Rogers Brothers Company (“Rogers Brothers”), a privately held company, based in Rockford, Illinois. Rogers Brothers provides galvanizing services to a multi-state area within the Midwest. Terms of the transaction were not disclosed.

AZZ Inc. (NYSE: AZZ), a global provider of metal coating services, welding solutions, specialty electrical equipment and highly engineered services, today announced its Board of Directors has authorized a quarterly cash dividend in the amount of $0.17 per share on the company’s outstanding shares of common stock. The dividend is payable on February 20, 2018, to shareholders of record as of the close of business on February 6, 2018.

AZZ Inc. (NYSE: AZZ), (the “Company”), a global provider of metal coating services, welding solutions, specialty electrical equipment and highly engineered services, today announced upon the recommendation of the Company’s management and in consultation with the Company’s Audit Committee and the Company’s independent registered public accounting firm, BDO USA, LLP, on January 4, 2018 determined that the Company historically should have accounted differently for certain contracts within its Energy Segment. As disclosed in the Company’s 2017 Annual Report on Form 10-K, revenue was historically recognized for the Energy Segment upon transfer of title and risk to customers or based upon the percentage of completion method of accounting for electrical products built to customer specifications.

AZZ Inc. (NYSE:AZZ), a global provider of metal coating services, welding solutions, specialty electrical equipment and highly engineered services, today announced financial results for the three month period ended August 31, 2017. Second quarter fiscal 2018 earnings per share of $0.32 on revenue of $190.4 million, and second quarter fiscal 2018 bookings totaled $190 million, resulting in a backlog of $331 million.

AZZ Inc. (NYSE:AZZ), a global provider of metal coating services, welding solutions, specialty electrical equipment and highly engineered services, today announced its Board of Directors has authorized a quarterly cash dividend in the amount of $0.17 per share on the company’s outstanding shares of common stock. The dividend is payable on November 1, 2017, to shareholders of record as of the close of business on October 18, 2017.

AZZ Inc. (NYSE: AZZ), a global provider of metal coatings services, welding solutions, specialty electrical equipment and highly engineered services, today updated revenue and earnings per share guidance for its fiscal year 2018, which ends on February 28, 2018.

AZZ Inc. (NYSE: AZZ), a global provider of metal coatings services, welding solutions, specialty electrical equipment and highly engineered services, will conduct a conference call to review the financial results for the second quarter of fiscal year 2018 at 11:00 a.m. ET on Tuesday, October 3, 2017. The Company will report second quarter fiscal year 2018 financial results before the market open on October 3, 2017.

AZZ Inc. (NYSE: AZZ), a global provider of metal coatings services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, announced today that it has acquired all the assets and outstanding shares of Powergrid Solutions, Inc. (“PSI”), a privately held company, based in Oshkosh, Wisconsin.

AZZ Inc. (NYSE: AZZ), a global provider of metal coatings services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, today announced that Mr. Ken Lavelle has been appointed as President and General Manager – Electrical System Division of AZZ Inc. Mr. Lavelle has served as a consultant to the Company from April 2016 to July 2017.

AZZ Inc. (NYSE:AZZ), a global provider of metal coatings services, welding solutions, specialty electrical equipment and highly engineered services, today announced financial results for the three month period ended May 31, 2017.

AZZ Inc. (NYSE: AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, announced today that it has acquired the assets of Enhanced Powder Coating Ltd., (“EPC”), a privately held, high specification, NADCAP certified provider of powder coating, plating and anodizing services based in Gainesville, Texas. EPC, founded in 2003, offers a full spectrum of finish technology including powder coating, abrasive blasting and plating for heavy industrial, transportation, aerospace and light commercial industries. Terms of the transaction were not disclosed. AZZ anticipates the acquisition of EPC will be accretive to earnings within the first year of operation.

AZZ Inc. (NYSE: AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services, will conduct a conference call to review the financial results for the first quarter of fiscal year 2018 at 11:00 a.m. ET on Thursday, July 6, 2017. The Company will report first quarter fiscal year 2018 financial results before the market opens on July 6, 2017.

AZZ Inc. (NYSE: AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, today announced a new 180,000-square-foot facility, located in the city of Suwanee, Georgia, – in the Atlanta metro area – to house its Industrial division, which includes specialty welding, fabrication and field services groups. AZZ intends to relocate its existing operations in Norcross, Georgia to the new location.

AZZ Inc. (NYSE:AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, today announced the opening of its first powder coating operation.

FORT WORTH, TX – AZZ Inc. (NYSE: AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, today announced that AZZ’s Galvanizing Segment won “Excellence in Hot-Dip Galvanizing” awards in five categories, including the prestigious “Lifetime Achievement” award. The American Galvanizers Association (“AGA”), a leading trade association in the galvanizing industry, presented the awards.

FORT WORTH, TX – AZZ Inc. (NYSE:AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, announced today that it was awarded a contract from Beijing Sino-American Yuli Power Technology Co. Ltd to provide two circuits of 500kV 4,000 Amp Gas Insulated Line (“GIL”) for the Dalian Xinghai Bay Nanyan Loop IV Transmission Line located under the city of Dalian on the Northeast coast of China.

FORT WORTH, TX – AZZ Inc. (NYSE:AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services, today announced financial results for the three and twelve-month periods ended February 28, 2017.

AZZ Inc. (NYSE: AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services, will conduct a conference call to review the financial results for the fourth quarter and fiscal year 2017 at 11:00 a.m. ET on Thursday, April 20, 2017. The Company will report fourth quarter and fiscal year 2017 financial results before the market opens on April 20, 2017.

FORT WORTH, TX – AZZ Inc. (NYSE: AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services, today announced its Board of Directors has authorized a quarterly cash dividend in the amount of $0.17 per share on the company’s outstanding shares of common stock. The dividend is payable on May 10, 2017, to shareholders of record as of the close of business on April 26, 2017.

FORT WORTH, TX – AZZ Inc. (NYSE:AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, today announced it entered into a new credit agreement as of March 21, 2017, amending and restating the existing credit agreement, originally dated March 27, 2013 and amended on August 8, 2016.

AZZ Inc. (NYSE:AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, announced today that it was awarded a contract from the China Three Gorges Corporation (“Three Gorges”) to provide six circuits of 550kV 4,000 Amp Gas Insulated Line (“GIL”) for the 10,200MW Wudongde hydroelectric dam project on the Jinsha River straddling the Yunnan and Sichuan provinces in southwest China.