10-Q
Quarterly Report
AZZ Inc.
AZZ
NYSE
CIK: 8947
File #: 1-12777
Balance Sheet
59 line items · 2 periods
XBRL
| Item | May 31, 2026 | Feb 28, 2026 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 1,059,000 | 705,000 |
Trade accounts receivable, net of allowance for credit losses of $128 and $144 at May 31, 2026 and February 28, 2026, respectively | 163,872,000 | 142,648,000 |
Other receivables | 20,756,000 | 18,990,000 |
Inventories | 121,196,000 | 113,413,000 |
Contract assets | 117,073,000 | 112,785,000 |
Prepaid expenses and other | 16,098,000 | 6,827,000 |
Total current assets | 440,054,000 | 395,368,000 |
AIS Joint Venture | 166,713,000 | 225,298,000 |
Property, plant and equipment, net | 609,463,000 | 609,305,000 |
Right-of-use assets | 60,924,000 | 59,564,000 |
Goodwill | 714,463,000 | 714,753,000 |
Deferred tax assets | 1,242,000 | 1,383,000 |
Intangible assets, net | 403,946,000 | 409,738,000 |
Operating Segments - Metal Coatings | 33,800,000 | 35,000,000 |
Operating Segments - Precoat Metals | 370,100,000 | 374,800,000 |
AIS Joint Venture | 18,967,000 | 19,960,000 |
AIS Joint Venture - Discontinued Operations, Disposed of by Sale - AZZ Infrastructure Solutions | 19,000,000 | — |
Other assets | 3,265,000 | 3,403,000 |
Total assets | 2,252,324,000 | 2,213,474,000 |
Operating Segments - Metal Coatings | 622,749,000 | 604,107,000 |
Operating Segments - Precoat Metals | 1,589,600,000 | 1,562,994,000 |
Operating Segments - Infrastructure Solutions | 18,967,000 | 19,960,000 |
Operating Segments | 2,231,316,000 | 2,187,061,000 |
Reconciliation to consolidated income before income taxes | 21,008,000 | 26,413,000 |
AIS Joint Venture | 183,931,000 | 244,628,000 |
Liabilities and Shareholders' Equity | ||
Current liabilities: | ||
Accounts payable | 122,054,000 | 114,590,000 |
Income taxes payable | 3,427,000 | 387,000 |
Accrued salaries and wages | 19,637,000 | 33,847,000 |
Other accrued liabilities | 74,227,000 | 74,771,000 |
Lease liability, short-term | 9,502,000 | 8,679,000 |
Total current liabilities | 228,847,000 | 232,274,000 |
AIS Joint Venture | 45,504,000 | 59,724,000 |
Long-term debt, net | 480,604,000 | 477,738,000 |
Lease liability, long-term | 52,711,000 | 51,969,000 |
Deferred tax liabilities | 77,441,000 | 73,924,000 |
Other long-term liabilities | 36,677,000 | 40,538,000 |
Total liabilities | 876,280,000 | 876,443,000 |
AIS Joint Venture | 57,127,000 | 72,456,000 |
Shareholders' Equity: | ||
Common stock, $1 par value; 100,000 shares authorized; 30,017 and 29,880 shares issued and outstanding at May 31, 2026 and May 31, 2025, respectively | 30,017,000 | 29,880,000 |
Capital in excess of par value | 424,279,000 | 431,155,000 |
Retained earnings | 929,574,000 | 883,544,000 |
Accumulated other comprehensive loss | (7,826,000) | (7,548,000) |
Total shareholders' equity | 1,376,044,000 | 1,337,031,000 |
Common Stock | 30,017,000 | 29,880,000 |
Capital in Excess of Par Value | 424,279,000 | 431,155,000 |
Retained Earnings | 929,574,000 | 883,544,000 |
Accumulated Other Comprehensive Income (Loss) | (7,826,000) | (7,548,000) |
Foreign Currency Translation Gain (Loss) | (8,341,000) | (7,790,000) |
Foreign Currency Translation Gain (Loss) for Unconsolidated Subsidiary, Net of Tax | (710,000) | 432,000 |
Net Actuarial Gain (Loss), Net of Tax | 1,207,000 | 1,207,000 |
Interest Rate Swap, Net of Tax | 18,000 | (1,397,000) |
Interest Rate Swap, Net of Tax for Unconsolidated Subsidiary | 0 | 0 |
Total liabilities and shareholders' equity | 2,252,324,000 | 2,213,474,000 |
AIS Joint Venture | 183,931,000 | 244,628,000 |