AZZ (AZZ) Q4 2026 earnings summary

Executive summary

• Achieved record sales of $1.65 billion, up 4.6% year-over-year, and record profitability for the third consecutive year, with adjusted EPS up 19% to $6.19.

• Net income rose 146.3% to $317.3 million; adjusted net income up 19.3% to $187.1 million.

• Overcame operational disruptions from a major winter storm and completed key investments, including a new Precoat Metals facility in Washington, Missouri.

• Gained market share across segments, driven by infrastructure, data center, and power generation demand.

• 39th consecutive year of profitability from continuing operations.

Financial highlights

• Full year sales rose 4.6% to $1.65 billion; adjusted EBITDA reached $367.6 million (22.3% of sales).

• GAAP diluted EPS for the year was $10.50, up 486.6%; adjusted diluted EPS was $6.19, up 19.0%.

• Q4 sales hit $385.1 million, up 9.4% year-over-year; Q4 adjusted EPS was $1.34, up 36.7%.

• Cash flow from operations was $525.4 million, including $273.2 million from AVAIL JV distributions.

• Reduced debt by $385 million, ending with net debt/EBITDA of 1.4x.

Outlook and guidance

• Fiscal 2027 sales expected at $1.725–$1.775 billion; adjusted EBITDA $360–$400 million; adjusted EPS $6.50–$7.

• Capital expenditures expected at $80–$100 million, focused on capacity expansions and technology.

• Debt reduction targeted at $130–$170 million in fiscal 2027.

• Metal coatings segment projected to grow mid- to high-single digits; Precoat Metals expected to be relatively flat.

• Guidance excludes M&A activity and federal regulatory changes.