← AZZ INC
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $11.3m | $20.9m | $24.0m | $36.7m | — | $15.1m | $2.8m | $4.3m | $1.5m | $705k | |
| Cash and cash equivalents | $11.3m | $20.9m | $24.0m | $36.7m | $14.8m | $15.1m | $2.8m | $4.3m | $1.5m | $705k | |
| Trade accounts receivable, net of allowance for credit losses of $144 and $419 at February 28, 2026 and February 28, 2025, respectively | $138.5m | $141.5m | $144.9m | $139.2m | $128.1m | $167.0m | $183.4m | $142.2m | $135.1m | $142.6m | |
| Other receivables | — | — | — | — | — | — | $27.0m | $15.6m | $12.9m | $19.0m | |
| Prepaid expenses and other | $2.8m | $4.3m | $9.2m | $8.7m | $5.9m | $3.5m | $8.0m | $7.8m | $7.1m | $6.8m | |
| Inventory, Net | $94.0m | $110.8m | $124.8m | $99.8m | — | — | $143.9m | $117.7m | $112.3m | $113.4m | |
| Assets, Current | $297.1m | $329.2m | $378.5m | $354.6m | — | $386.5m | $417.4m | $367.0m | $375.4m | $395.4m | |
| Total current assets | $296.5m | $329.2m | $378.5m | $354.6m | $303.5m | $386.5m | $417.4m | $367.0m | $375.4m | $395.4m | |
| Property, Plant and Equipment, Net | $228.6m | $216.9m | $210.2m | $213.1m | $205.9m | $230.8m | $498.5m | $541.7m | $592.9m | $609.3m | |
| Goodwill | $306.6m | $321.3m | $323.8m | $356.2m | $353.9m | $385.6m | $702.5m | $705.5m | $703.9m | $714.8m | |
| Intangible Assets, Net (Excluding Goodwill) | $146.1m | $160.9m | $130.2m | $106.7m | — | $81.6m | $479.4m | $445.4m | $421.9m | $409.7m | |
| Intangible assets, net | $146.1m | $160.9m | $130.2m | $106.7m | $95.4m | $81.6m | $479.4m | $445.4m | $421.9m | $409.7m | |
| Operating Lease, Right-of-Use Asset | — | $0 | $45.9m | $43.2m | — | $43.3m | $26.4m | $19.8m | $19.5m | $46.3m | |
| Other Assets, Noncurrent | — | — | — | — | — | — | — | $8.4m | $4.1m | $3.4m | |
| Right-of-use assets | — | — | — | — | $37.8m | $43.3m | $26.4m | $23.7m | $26.0m | $59.6m | |
| Other assets | — | — | — | — | — | — | $10.0m | $8.4m | $4.1m | $3.4m | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $138.5m | $141.5m | $144.9m | $139.2m | — | $167.0m | $183.4m | $142.2m | $135.1m | $142.6m | |
| Contract assets | — | $51.8m | $75.6m | $70.1m | $58.1m | $74.6m | $79.3m | $79.3m | $106.5m | $112.8m | |
| Deferred tax assets | — | — | — | — | $4.0m | $5.2m | $12.5m | $5.6m | $3.6m | $1.4m | |
| Investment in AVAIL joint venture | — | — | — | — | — | $0 | $84.8m | $98.2m | $99.4m | $20.0m | |
| Income taxes payable | $778k | $144k | $632k | $2.9m | $0 | $3.6m | $272k | $172k | $602k | $387k | |
| Lease liability, short-term | — | — | — | $6.3m | $6.6m | $7.3m | $6.4m | $6.7m | $7.7m | $8.7m | |
| Lease liability, long-term | — | — | — | $38.1m | $32.6m | $35.6m | $20.7m | $17.8m | $19.0m | $52.0m | |
| Capital in excess of par value | $37.7m | $38.4m | $46.1m | $66.7m | $76.0m | $85.8m | $326.8m | $103.3m | $418.0m | $431.2m | |
| AOCI, Debt Securities, Available-for-sale, Adjustment, after Tax | — | — | $104k | $50k | — | — | — | — | — | — | |
| Total shareholders' equity | $529.6m | $565.2m | $603.7m | $634.4m | $623.3m | $667.4m | $853.5m | $700.8m | $1.0b | $1.3b | |
| Assets | $978.4m | $1.0b | $1.1b | $1.1b | — | $1.1b | $2.2b | $2.2b | $2.2b | $2.2b | |
| Total assets | $977.8m | $1.0b | $1.1b | $1.1b | $996.4m | $1.1b | $2.2b | $2.2b | $2.2b | $2.2b | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | $0 | $5.7m | $6.3m | — | $7.1m | $6.1m | $5.9m | $6.4m | $5.4m | |
| Accounts Payable, Current | $49.8m | $54.2m | $53.0m | $62.0m | $41.0m | $44.0m | $109.9m | $88.0m | $106.5m | $114.6m | |
| Operating Lease, Liability, Noncurrent | — | $0 | $41.2m | $38.1m | — | $35.0m | $19.7m | $14.6m | $13.7m | $41.5m | |
| Long-term Debt, Current Maturities | — | — | — | $125.0m | — | $0 | — | — | — | — | |
| Long-term Debt, Excluding Current Maturities | $254.8m | $286.6m | $240.7m | $77.9m | — | $226.5m | $1.1b | $952.7m | $852.4m | $477.7m | |
| Accrued salaries and wages | $23.4m | $19.0m | $30.4m | $38.9m | $22.6m | $28.4m | $26.3m | $30.8m | $37.7m | $33.8m | |
| Other accrued liabilities | $18.4m | $19.6m | $17.6m | $26.9m | $27.1m | $24.1m | $44.4m | $68.7m | $68.4m | $74.8m | |
| Liabilities, Current | $136.8m | $131.7m | $164.8m | $280.6m | — | $150.5m | $187.2m | $194.3m | $221.0m | $232.3m | |
| Total current liabilities | $141.8m | $131.7m | $164.8m | $280.6m | $113.8m | $150.5m | $187.2m | $194.3m | $221.0m | $232.3m | |
| Deferred Income Tax Liabilities, Net | — | — | — | $37.9m | — | $47.7m | $40.5m | $38.6m | $42.8m | $73.9m | |
| Other Liabilities, Noncurrent | $0 | $11.7m | $1.5m | $4.9m | — | $5.4m | $61.4m | $57.6m | $46.4m | $40.5m | |
| Long-term debt, net | $254.8m | $286.6m | $240.7m | $77.9m | $178.4m | $226.5m | $1.1b | $952.7m | $852.4m | $477.7m | |
| Deferred tax liabilities | — | — | — | $37.9m | $39.3m | $47.7m | $40.5m | $38.6m | $42.8m | $73.9m | |
| Other long-term liabilities | $0 | $11.7m | $1.5m | $4.9m | $9.0m | $5.4m | $61.4m | $57.6m | $46.4m | $40.5m | |
| Deferred Tax Liabilities, Net | $53.4m | $32.9m | $36.6m | $37.9m | — | $42.5m | $28.1m | $33.0m | $39.2m | $72.5m | |
| Liabilities | $445.2m | $463.0m | $484.8m | $439.5m | — | $465.7m | $1.4b | $1.3b | $1.2b | $876.4m | |
| Total liabilities | $448.2m | $463.0m | $484.8m | $439.5m | $373.1m | $465.7m | $1.4b | $1.3b | $1.2b | $876.4m | |
| Stockholders’ equity: | |||||||||||
| Common Stock, Value, Issued | $26.0m | $26.0m | $26.1m | $26.1m | — | $24.7m | $24.9m | $25.1m | $29.9m | $29.9m | |
| Retained Earnings (Accumulated Deficit) | $498.5m | $526.0m | $547.7m | $572.4m | $547.3m | $584.2m | $506.0m | $576.2m | $609.2m | $883.5m | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($29.1m) | ($25.2m) | ($28.8m) | ($30.9m) | — | ($27.3m) | ($4.6m) | ($3.9m) | ($11.6m) | ($7.5m) | |
| Additional Paid in Capital, Common Stock | $37.7m | $38.4m | $58.7m | $66.7m | — | $85.8m | $326.8m | $103.3m | $418.0m | $431.2m | |
| 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 | 26.0m | 26.0m | 26.1m | 26.1m | 25.1m | 24.7m | 24.9m | 25.1m | 29.9m | 29.9m | |
| Accumulated other comprehensive loss | ($29.1m) | ($25.2m) | ($28.8m) | ($30.9m) | ($25.1m) | ($27.3m) | ($4.6m) | ($3.9m) | ($11.6m) | ($7.5m) | |
| Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax | — | — | — | — | — | — | — | — | $776k | ($1.6m) | |
| Stockholders' Equity Attributable to Parent | $533.1m | $565.2m | $603.7m | $634.4m | — | $667.4m | $853.5m | $700.8m | $1.0b | $1.3b | |
| Liabilities and Equity | $978.4m | $1.0b | $1.1b | $1.1b | — | $1.1b | $2.2b | $2.2b | $2.2b | $2.2b | |
| Total liabilities and shareholders' equity | $977.8m | $1.0b | $1.1b | $1.1b | $996.4m | $1.1b | $2.2b | $2.2b | $2.2b | $2.2b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.