10-Q
Quarterly Report
AZZ Inc.
AZZ
NYSE
CIK: 8947
File #: 1-12777
Balance Sheet
58 line items · 2 periods
XBRL
| Item | Nov 30, 2025 | Feb 28, 2025 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 623,000 | 1,488,000 |
Trade accounts receivable, net of allowance for credit losses of $369 and $419 at November 30, 2025 and February 28, 2025, respectively | 148,318,000 | 135,149,000 |
Other receivables | 24,925,000 | 12,932,000 |
Inventories | 107,477,000 | 112,313,000 |
Contract assets | 110,409,000 | 106,507,000 |
Prepaid expenses and other | 9,011,000 | 7,055,000 |
Total current assets | 400,763,000 | 375,444,000 |
AIS Joint Venture | 255,145,000 | 300,404,000 |
Property, plant and equipment, net | 604,091,000 | 592,941,000 |
United States | 584,963,000 | 574,332,000 |
Canada | 19,128,000 | 18,609,000 |
Right-of-use assets | 30,940,000 | 25,951,000 |
Goodwill | 713,998,000 | 703,863,000 |
Deferred tax assets | 4,004,000 | 3,620,000 |
Intangible assets, net | 415,288,000 | 421,850,000 |
AIS Joint Venture | 58,570,000 | 99,379,000 |
AIS Joint Venture - Discontinued Operations, Disposed of by Sale - AZZ Infrastructure Solutions | 58,600,000 | — |
Other assets | 3,253,000 | 4,053,000 |
Total assets | 2,230,907,000 | 2,227,101,000 |
Operating Segments - Metal Coatings | 596,743,000 | 555,095,000 |
Operating Segments - Precoat Metals | 1,557,397,000 | 1,548,377,000 |
Operating Segments - Infrastructure Solutions | 58,570,000 | 99,379,000 |
Segment Reporting, Reconciling Item, Corporate Nonsegment | 18,197,000 | 24,250,000 |
AIS Joint Venture | 330,916,000 | 494,932,000 |
Liabilities and Shareholders' Equity | ||
Current liabilities: | ||
Accounts payable | 117,183,000 | 106,471,000 |
Income tax payable | 12,458,000 | 602,000 |
Accrued salaries and wages | 31,658,000 | 37,742,000 |
Other accrued liabilities | 71,219,000 | 68,428,000 |
Lease liability, short-term | 9,501,000 | 7,749,000 |
Total current liabilities | 242,019,000 | 220,992,000 |
AIS Joint Venture | 82,755,000 | 155,585,000 |
Long-term debt, net | 534,746,000 | 852,365,000 |
Lease liability, long-term | 22,362,000 | 19,012,000 |
Deferred tax liabilities | 68,065,000 | 42,819,000 |
Other long-term liabilities | 44,467,000 | 46,418,000 |
Total liabilities | 911,659,000 | 1,181,606,000 |
AIS Joint Venture | 102,759,000 | 290,102,000 |
Shareholders' Equity: | ||
Common stock, $1 par value; 100,000 shares authorized; 29,856 and 29,913 shares issued and outstanding at November 30, 2025 and November 30, 2024, respectively | 29,856,000 | 29,913,000 |
Capital in excess of par value | 426,800,000 | 418,004,000 |
Retained earnings | 873,589,000 | 609,158,000 |
Accumulated other comprehensive loss | (10,997,000) | (11,580,000) |
Total shareholders’ equity | 1,319,248,000 | 1,045,495,000 |
Common Stock | 29,856,000 | 29,913,000 |
Capital in Excess of Par Value | 426,800,000 | 418,004,000 |
Retained Earnings | 873,589,000 | 609,158,000 |
Accumulated Other Comprehensive Income (Loss) | (10,997,000) | (11,580,000) |
Foreign Currency Translation Gain (Loss) | (9,198,000) | (10,329,000) |
Foreign Currency Translation Gain (Loss) for Unconsolidated Subsidiary, Net of Tax | 350,000 | (388,000) |
Net Actuarial Gain (Loss), Net of Tax | (587,000) | (587,000) |
Interest Rate Swap, Net of Tax | (1,562,000) | (265,000) |
Interest Rate Swap, Net of Tax for Unconsolidated Subsidiary | 0 | (11,000) |
Total liabilities and shareholders' equity | 2,230,907,000 | 2,227,101,000 |
AIS Joint Venture | 330,916,000 | 494,932,000 |