10-K
Annual Report
AZZ Inc.
AZZ
NYSE
CIK: 8947
File #: 1-12777
Balance Sheet
61 line items · 2 periods
XBRL
| Item | Feb 28, 2026 | Feb 28, 2025 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 705,000 | 1,488,000 |
Trade accounts receivable, net of allowance for credit losses of $144 and $419 at February 28, 2026 and February 28, 2025, respectively | 142,648,000 | 135,149,000 |
Other receivables | 18,990,000 | 12,932,000 |
Inventories | 113,413,000 | 112,313,000 |
Contract assets | 112,785,000 | 106,507,000 |
Prepaid expenses and other | 6,827,000 | 7,055,000 |
Total current assets | 395,368,000 | 375,444,000 |
AIS Joint Venture | 287,879,000 | 300,404,000 |
Property, plant and equipment, net | 609,305,000 | 592,941,000 |
Right-of-use assets | 59,564,000 | 25,951,000 |
Goodwill | 714,753,000 | 703,863,000 |
Operating Segments - Metal Coatings | 186,960,000 | 176,070,000 |
Operating Segments - Precoat Metals | 527,793,000 | 527,793,000 |
Deferred tax assets | 1,383,000 | 3,620,000 |
Intangible assets, net | 409,738,000 | 421,850,000 |
Operating Segments - Metal Coatings | 35,000,000 | 28,500,000 |
Operating Segments - Precoat Metals | 374,800,000 | 393,300,000 |
AIS Joint Venture | 19,960,000 | 99,379,000 |
AIS Joint Venture - Discontinued Operations, Disposed of by Sale - AZZ Infrastructure Solutions | 20,000,000 | — |
Other assets | 3,403,000 | 4,053,000 |
Total assets | 2,213,474,000 | 2,227,101,000 |
Operating Segments - Metal Coatings | 604,107,000 | 555,095,000 |
Operating Segments - Precoat Metals | 1,562,994,000 | 1,548,377,000 |
Operating Segments - Infrastructure Solutions | 19,960,000 | 99,379,000 |
Operating Segments | 2,187,061,000 | 2,202,851,000 |
Reconciliation to consolidated income before income taxes | 26,413,000 | 24,250,000 |
AIS Joint Venture | 370,620,000 | 494,932,000 |
Liabilities and Shareholders' Equity | ||
Current liabilities: | ||
Accounts payable | 114,590,000 | 106,471,000 |
Income taxes payable | 387,000 | 602,000 |
Accrued salaries and wages | 33,847,000 | 37,742,000 |
Other accrued liabilities | 74,771,000 | 68,428,000 |
Lease liability, short-term | 8,679,000 | 7,749,000 |
Total current liabilities | 232,274,000 | 220,992,000 |
AIS Joint Venture | 68,282,000 | 155,585,000 |
Long-term debt, net | 477,738,000 | 852,365,000 |
Lease liability, long-term | 51,969,000 | 19,012,000 |
Deferred tax liabilities | 73,924,000 | 42,819,000 |
Other long-term liabilities | 40,538,000 | 46,418,000 |
Total liabilities | 876,443,000 | 1,181,606,000 |
AIS Joint Venture | 88,243,000 | 290,102,000 |
Shareholders' Equity: | ||
Common stock, $1 par value; 100,000 shares authorized; 29,880 and 29,913 shares issued and outstanding at February 28, 2026 and February 28, 2025, respectively | 29,880,000 | 29,913,000 |
Capital in excess of par value | 431,155,000 | 418,004,000 |
Retained earnings | 883,544,000 | 609,158,000 |
Accumulated other comprehensive loss | (7,548,000) | (11,580,000) |
Total shareholders' equity | 1,337,031,000 | 1,045,495,000 |
Common Stock | 29,880,000 | 29,913,000 |
Capital in Excess of Par Value | 431,155,000 | 418,004,000 |
Retained Earnings | 883,544,000 | 609,158,000 |
Accumulated Other Comprehensive Income (Loss) | (7,548,000) | (11,580,000) |
Foreign Currency Translation Gain (Loss) | (7,790,000) | (10,329,000) |
Foreign Currency Translation Gain (Loss) for Unconsolidated Subsidiary, Net of Tax | 432,000 | (388,000) |
Net Actuarial Gain (Loss), Net of Tax | 1,207,000 | (587,000) |
Interest Rate Swap, Net of Tax | (1,397,000) | (265,000) |
Interest Rate Swap, Net of Tax for Unconsolidated Subsidiary | 0 | (11,000) |
Total liabilities and shareholders' equity | 2,213,474,000 | 2,227,101,000 |
AIS Joint Venture | 370,620,000 | 494,932,000 |