AZZ reported fiscal 2027 first-quarter results with total sales of $448.5 million and GAAP net income of $52.0 million for the quarter ended May 31, 2026. Adjusted diluted EPS was $1.85, up 3.9% year-over-year, and consolidated adjusted EBITDA was $99.5 million (22.2% of sales). The company raised its FY2027 guidance for sales, adjusted EBITDA and adjusted diluted EPS, citing strong segment performance and the ramp-up of the Washington, Missouri facility.

Financial Highlights

  • Total sales: $448.5 million for the three months ended May 31, 2026 (up 6.3% vs. prior year Q1).
  • Gross profit: $112.2 million (gross margin not explicitly stated as a percentage in the filing).
  • Operating income: $77.0 million for the quarter.
  • Net income (GAAP): $52.0 million for the quarter; diluted EPS (GAAP): $1.72.
  • Adjusted diluted EPS (non-GAAP): $1.85; Consolidated Adjusted EBITDA (non-GAAP): $99.5 million (22.2% of sales).

Business Highlights

  • Metal Coatings segment delivered sales of $210.3 million, a 12.3% increase driven primarily by higher galvanized steel volume across construction, industrial and infrastructure end markets.
  • Precoat Metals segment reached record first-quarter sales of $238.2 million, supported by the Washington, Missouri facility ramp-up and price pass-throughs for higher paint and input costs.
  • Segment profitability: Metal Coatings adjusted EBITDA margin was 30.3%; Precoat Metals adjusted EBITDA margin was 21.7% for the quarter.
  • Operational investments: Capital expenditures were $18.7 million in Q1, with full-year FY2027 capex expected to be approximately $80–$100 million to expand galvanizing capacity and implement technology improvements.
  • Balance sheet and liquidity: Trailing twelve-month net leverage was 1.4x; operating cash flow for the quarter was $37.1 million, and the company paid a cash dividend ($0.20 per share) and announced a 20% dividend increase to $0.24 per share.

Original SEC Filing:

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