10-Q
Quarterly Report
AZZ Inc.
AZZ
NYSE
CIK: 8947
File #: 1-12777
Balance Sheet
59 line items · 2 periods
XBRL
| Item | Aug 31, 2025 | Feb 28, 2025 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 897,000 | 1,488,000 |
Trade accounts receivable, net of allowance for credit losses of $350 and $419 at August 31, 2025 and February 28, 2025, respectively | 142,032,000 | 135,149,000 |
Secured Debt - Receivables Securitization Facility | 129,300,000 | — |
Other receivables | 19,673,000 | 12,932,000 |
Inventories | 108,470,000 | 112,313,000 |
Contract assets | 105,756,000 | 106,507,000 |
Secured Debt - Receivables Securitization Facility | 104,100,000 | — |
Prepaid expenses and other | 12,631,000 | 7,055,000 |
Total current assets | 389,459,000 | 375,444,000 |
AIS Joint Venture | 256,722,000 | 300,404,000 |
Property, plant and equipment, net | 603,260,000 | 592,941,000 |
United States | 583,876,000 | 574,332,000 |
Canada | 19,384,000 | 18,609,000 |
Right-of-use assets | 29,573,000 | 25,951,000 |
Goodwill | 715,864,000 | 703,863,000 |
Deferred tax assets | 4,018,000 | 3,620,000 |
Intangible assets, net | 419,922,000 | 421,850,000 |
AIS Joint Venture | 60,219,000 | 99,379,000 |
Other assets | 3,668,000 | 4,053,000 |
Total assets | 2,225,983,000 | 2,227,101,000 |
Operating Segments - Metal Coatings | 597,430,000 | 555,095,000 |
Operating Segments - Precoat Metals | 1,548,718,000 | 1,548,377,000 |
Operating Segments - Infrastructure Solutions | 60,219,000 | 99,379,000 |
Segment Reporting, Reconciling Item, Corporate Nonsegment | 19,616,000 | 24,250,000 |
AIS Joint Venture | 334,672,000 | 494,932,000 |
Liabilities and Shareholders' Equity | ||
Current liabilities: | ||
Accounts payable | 114,488,000 | 106,471,000 |
Income tax payable | 7,857,000 | 602,000 |
Accrued salaries and wages | 24,610,000 | 37,742,000 |
Other accrued liabilities | 68,991,000 | 68,428,000 |
Lease liability, short-term | 9,003,000 | 7,749,000 |
Total current liabilities | 224,949,000 | 220,992,000 |
AIS Joint Venture | 80,005,000 | 155,585,000 |
Long-term debt, net | 566,864,000 | 852,365,000 |
Lease liability, long-term | 21,443,000 | 19,012,000 |
Deferred tax liabilities | 64,300,000 | 42,819,000 |
Other long-term liabilities | 45,396,000 | 46,418,000 |
Total liabilities | 922,952,000 | 1,181,606,000 |
AIS Joint Venture | 99,804,000 | 290,102,000 |
Shareholders' Equity: | ||
Common stock, $1 par value; 100,000 shares authorized; 30,057 and 29,913 shares issued and outstanding at August 31, 2025 and August 31, 2024, respectively | 30,057,000 | 29,913,000 |
Capital in excess of par value | 424,333,000 | 418,004,000 |
Retained earnings | 858,315,000 | 609,158,000 |
Accumulated other comprehensive loss | (9,674,000) | (11,580,000) |
Total shareholders’ equity | 1,303,031,000 | 1,045,495,000 |
Common Stock | 30,057,000 | 29,913,000 |
Capital in Excess of Par Value | 424,333,000 | 418,004,000 |
Retained Earnings | 858,315,000 | 609,158,000 |
Accumulated Other Comprehensive Income (Loss) | (9,674,000) | (11,580,000) |
Foreign Currency Translation Gain (Loss) | (8,165,000) | (10,329,000) |
Foreign Currency Translation Gain (Loss) for Unconsolidated Subsidiary, Net of Tax | 508,000 | (388,000) |
Net Actuarial Gain (Loss), Net of Tax | (587,000) | (587,000) |
Interest Rate Swap, Net of Tax | (1,430,000) | (265,000) |
Interest Rate Swap, Net of Tax for Unconsolidated Subsidiary | 0 | (11,000) |
Total liabilities and shareholders' equity | 2,225,983,000 | 2,227,101,000 |
AIS Joint Venture | 334,672,000 | 494,932,000 |