10-Q
Quarterly Report
AZZ Inc.
AZZ
NYSE
CIK: 8947
File #: 1-12777
Balance Sheet
58 line items · 2 periods
XBRL
| Item | Aug 31, 2026 | Feb 28, 2026 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 1,953,000 | 705,000 |
Trade accounts receivable, net of allowance for credit losses of $207 and $144 at August 31, 2026 and February 28, 2026, respectively | 179,065,000 | 142,648,000 |
Other receivables | 20,084,000 | 18,990,000 |
Inventories | 134,018,000 | 113,413,000 |
Contract assets | 107,342,000 | 112,785,000 |
Prepaid expenses and other | 12,933,000 | 6,827,000 |
Total current assets | 455,395,000 | 395,368,000 |
AIS Joint Venture | 179,876,000 | 225,298,000 |
Property, plant and equipment, net | 617,568,000 | 609,305,000 |
Right-of-use assets | 90,317,000 | 59,564,000 |
Goodwill | 740,210,000 | 714,753,000 |
Deferred tax assets | 1,240,000 | 1,383,000 |
Intangible assets, net | 417,978,000 | 409,738,000 |
Operating Segments - Metal Coatings | 52,500,000 | 35,000,000 |
Operating Segments - Precoat Metals | 365,500,000 | 374,800,000 |
AIS Joint Venture | 11,464,000 | 19,960,000 |
AIS Joint Venture - Discontinued Operations, Disposed of by Sale - AZZ Infrastructure Solutions | 11,500,000 | — |
Other assets | 3,786,000 | 3,403,000 |
Total assets | 2,337,958,000 | 2,213,474,000 |
Operating Segments - Metal Coatings | 724,758,000 | 604,107,000 |
Operating Segments - Precoat Metals | 1,584,248,000 | 1,562,994,000 |
Operating Segments - Infrastructure Solutions | 11,464,000 | 19,960,000 |
Operating Segments | 2,320,470,000 | 2,187,061,000 |
Reconciliation to consolidated income before income taxes | 17,488,000 | 26,413,000 |
AIS Joint Venture | 195,686,000 | 244,628,000 |
Liabilities and Shareholders' Equity | ||
Current liabilities: | ||
Accounts payable | 125,986,000 | 114,590,000 |
Income taxes payable | 2,270,000 | 387,000 |
Accrued salaries and wages | 27,032,000 | 33,847,000 |
Other accrued liabilities | 88,672,000 | 74,771,000 |
Lease liability, short-term | 10,057,000 | 8,679,000 |
Total current liabilities | 254,017,000 | 232,274,000 |
AIS Joint Venture | 52,251,000 | 59,724,000 |
Long-term debt, net | 468,470,000 | 477,738,000 |
Lease liability, long-term | 81,858,000 | 51,969,000 |
Deferred tax liabilities | 82,322,000 | 73,924,000 |
Other long-term liabilities | 36,216,000 | 40,538,000 |
Total liabilities | 922,883,000 | 876,443,000 |
AIS Joint Venture | 63,233,000 | 72,456,000 |
Shareholders' Equity: | ||
Common stock, $1 par value; 100,000 shares authorized; 29,923 and 29,880 shares issued and outstanding at August 31, 2026 and August 31, 2025, respectively | 29,923,000 | 29,880,000 |
Capital in excess of par value | 410,769,000 | 431,155,000 |
Retained earnings | 980,811,000 | 883,544,000 |
Accumulated other comprehensive loss | (6,428,000) | (7,548,000) |
Total shareholders' equity | 1,415,075,000 | 1,337,031,000 |
Common Stock | 29,923,000 | 29,880,000 |
Capital in Excess of Par Value | 410,769,000 | 431,155,000 |
Retained Earnings | 980,811,000 | 883,544,000 |
Accumulated Other Comprehensive Income (Loss) | (6,428,000) | (7,548,000) |
Foreign Currency Translation Gain (Loss) | (8,513,000) | (7,790,000) |
Foreign Currency Translation Gain (Loss) for Unconsolidated Subsidiary, Net of Tax | 394,000 | 432,000 |
Net Actuarial Gain (Loss), Net of Tax | 1,207,000 | 1,207,000 |
Interest Rate Swap, Net of Tax | 484,000 | (1,397,000) |
Total liabilities and shareholders' equity | 2,337,958,000 | 2,213,474,000 |
AIS Joint Venture | 195,686,000 | 244,628,000 |