Q3 2026 AZZ Inc Earnings Call Transcript
Key Points
- AZZ Inc (AZZ) achieved record sales of $426 million in the third quarter, marking the highest in the company's history.
- The company reported a record high trailing 12-month adjusted EBITDA of $358 million.
- Metal Coatings segment sales increased by 15.7% year-over-year, driven by higher volumes and strong demand from infrastructure projects.
- AZZ Inc (AZZ) maintained its cash dividend of $0.20 per share, marking 63 consecutive quarters of returning capital to shareholders.
- The company successfully reduced interest expenses by $7 million compared to the prior year through debt paydown and repricing.
- Precoat Metals sales were down 1.8% year-over-year due to continued softness in construction, HVAC, and transportation markets.
- The company reported a net loss in equity and earnings of $1.4 million, impacted by divestiture-related costs.
- Losses from the AVAIL joint venture were primarily due to excess overhead costs resulting from divestitures.
- The company's gross profit margin slightly decreased to 23.9% from 24.2% in the same quarter of the prior year.
- AZZ Inc (AZZ) faces challenges in the Precoat Metals segment due to a weaker end market environment and excess imported prepainted metal.
Good day, and welcome to the AZZ Inc., quarter three full-year earnings conference call and webcast. (Operator Instructions) Please note this event is being recorded.
I would now like to turn the conference over to Phillip Kupper with Three Part Advisors. Please go ahead.
Good morning. Thank you for joining us today to review AZZ's third quarter fiscal 2026 results for the period ended November 30, 2025.
Joining the call today are Tom Ferguson, President and Chief Executive Officer; Jason Crawford, Chief Financial Officer; and David Nark, Chief Marketing Communications and Investor Relations Officer. After today's prepared remarks, we will open the call for questions. Please note the live webcast for today's call can be found at www.azz.com/investor-events.
Before we begin, I would like to remind everyone that our discussion today will include forward-looking statements made in accordance with the
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