Aug 2026 (Q2 FY27) — Oct 14, 2026
AZZ Inc. Q2 FY27 — Record Sales and Raised Full-Year Outlook
Read the full callAZZ (AZZ) earnings
- Aug 2026
- Aug 2026 (Q2 FY27)
- Feb 2026
AZZ earnings: last reported Wed, 14 Oct 2026, for the quarter ended Aug 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 487 | +16.7% YoY | Quarterly, as filed | Quarter to Aug 2026 | Revenue from operations as filed. |
| Operating margin | 17.2 | +0.8 pts YoY | Operating profit / revenue | Quarter to Aug 2026 | For the quarter; a change is in percentage points. |
| Net profit | 58.5 | −34.6% YoY | Quarterly, as filed | Quarter to Aug 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
9 of 11 judged targets kept · 11 open · verdicts reflect calls analysed to Aug 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted diluted EPS | $6.50 to $7 | Feb 2026 | Reflecting our strong first half performance and confidence in the underlying fundamentals of the business, we are raising our fiscal 2027 outlook. We now expect sales of $1.825 billion to $1.875 billion, adjusted EBITDA of $380 million to $420 million, and adjusted diluted EPS of $7 to $7.30. | Revised Up |
| Metal Coatings sales growth | mid-single to upper single digits | Feb 2026 | Metal Coatings sales increased 22.9%, driven by higher volumes across the construction, industrial, infrastructure and transportation end markets, along with inflationary price increases passed through by our team. | On Track |
2 of AZZ INC's 22 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 20 more targets are in the full ledger.
Claimed
- Record second quarter sales of $486.9 million, up 16.7% year-over-year.
- Metal Coatings sales increased 22.9% with adjusted EBITDA margin remaining strong at 30.7%.
- Precoat Metals sales increased 11.5% with adjusted EBITDA margin expanding 100 basis points to 21.2%.
- Adjusted diluted EPS increased 29% year-over-year to $2.
- Generated $102.8 million of operating cash flow and reduced debt by $15 million, ending with net leverage of 1.3x.
Qualified
- Softer volume in HVAC and appliance end markets, collectively declining 10%.
- Tight steel substrate markets, with galvanized lead times around 9 weeks for over 7 months, impacting Precoat Metals customers.
- Potential for winter weather to impact Q4 performance, which tends to be the softest quarter.
Price
$133.99 +3.42% · +$4.43
Performance +37.1% 1Y
1Y: $97.75 on 17 Oct 2025 → $133.99. High $160.17 (25 Jun 2026), low $97.64 (13 Nov 2025).
- Previous close
- $129.56
- 52-week range
- $97.64 – $160.17
- One year
- +36.46%
Overview
- Symbol
- AZZ
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
9 of 11 judged targets kept · 11 open · verdicts reflect calls analysed to Aug 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted diluted EPS | $6.50 to $7 | Feb 2026 | Reflecting our strong first half performance and confidence in the underlying fundamentals of the business, we are raising our fiscal 2027 outlook. We now expect sales of $1.825 billion to $1.875 billion, adjusted EBITDA of $380 million to $420 million, and adjusted diluted EPS of $7 to $7.30. | Revised Up |
| Metal Coatings sales growth | mid-single to upper single digits | Feb 2026 | Metal Coatings sales increased 22.9%, driven by higher volumes across the construction, industrial, infrastructure and transportation end markets, along with inflationary price increases passed through by our team. | On Track |
Claimed
- Record second quarter sales of $486.9 million, up 16.7% year-over-year.
- Metal Coatings sales increased 22.9% with adjusted EBITDA margin remaining strong at 30.7%.
- Precoat Metals sales increased 11.5% with adjusted EBITDA margin expanding 100 basis points to 21.2%.
- Adjusted diluted EPS increased 29% year-over-year to $2.
- Generated $102.8 million of operating cash flow and reduced debt by $15 million, ending with net leverage of 1.3x.
Qualified
- Softer volume in HVAC and appliance end markets, collectively declining 10%.
- Tight steel substrate markets, with galvanized lead times around 9 weeks for over 7 months, impacting Precoat Metals customers.
- Potential for winter weather to impact Q4 performance, which tends to be the softest quarter.
The full ledger
Open AZZ INC’s full ledger
A free account opens 5 company ledgers a month. All 22 tracked commitments, with each call’s wording and source.
Call summaries
May 2026 (Q1 FY27) — Jul 9, 2026
AZZ Inc. Q1 FY27 — Record Sales and Raised Full-Year Guidance
Read the full callFeb 2026 (Q4 FY26) — Apr 23, 2026
AZZ Q4 FY26 — Record Sales and Profitability Driven by Infrastructure Demand
Read the full callEvery analysed call
AZZ earnings calls (AZZ)
Financials
What the filings say
Net profit, year on year: −35% (quarter to aug 2026 against aug 2025).
| Line item | Nov 2024 | Feb 2025 | May 2025 | Aug 2025 | Nov 2025 | Feb 2026 | May 2026 | Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 404 | 352 | 422 | 417 | 426 | 385 | 449 | 487 |
| Operating profit | 59 | 40 | 70 | 68 | 69 | 57 | 77 | 84 |
| Operating margin | 14.5% | 11.5% | 16.5% | 16.4% | 16.3% | 14.8% | 17.2% | 17.2% |
| Interest | 19 | 17 | 19 | 14 | 12 | 11 | 11 | 11 |
| Profit before tax | 46 | 26 | 226 | 114 | 56 | 25 | 66 | 80 |
| Tax rate | 26.5% | 23.3% | 24.3% | 21.9% | 26.1% | 35.2% | 21.2% | 26.7% |
| Net profit | 34 | 20 | 171 | 89 | 41 | 16 | 52 | 58 |
| EPS ($ per share) | 1.12 | — | 5.71 | 2.97 | 1.37 | — | 1.74 | 1.95 |
| Line item | Feb 2019 | Feb 2020 | Feb 2021 | Feb 2022 | Feb 2023 | Feb 2024 | Feb 2025 | Feb 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 26 | 26 | 25 | 25 | 25 | 25 | 30 | 30 |
| Reserves | 548 | 572 | 547 | 584 | 506 | 576 | 609 | 884 |
| Total liabilities | 485 | 439 | 376 | 466 | 1,368 | 1,261 | 1,182 | 876 |
| Fixed assets | 210 | 213 | 207 | 193 | 499 | 542 | 593 | 609 |
| Total assets | 1,089 | 1,074 | 999 | 1,133 | 2,221 | 2,196 | 2,227 | 2,213 |
| Line item | Feb 2019 | Feb 2020 | Feb 2021 | Feb 2022 | Feb 2023 | Feb 2024 | Feb 2025 | Feb 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 110 | 142 | 92 | 86 | 91 | 244 | 250 | 525 |
| Cash from investing | -31 | -69 | -29 | -87 | — | -95 | -115 | -91 |
| Cash from financing | -75 | -60 | -88 | 1 | — | -148 | -139 | -434 |
| Net cash flow | 3 | 13 | -22 | 0 | -12 | 2 | -3 | -1 |
| Capital expenditure | -25 | -33 | -27 | -24 | -57 | -95 | -116 | -81 |
| Free cash flow | 86 | 110 | 65 | 62 | 34 | 149 | 134 | 445 |
AZZ revenue by segment
Metal Coatings grew from 42% to 48% of revenue over the last two years.
| Segment | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | Q2 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Precoat Metals | 58% | 58% | 56% | 54% | 54% | 52% | 53% | 52% | +11.5% |
| Metal Coatings | 42% | 42% | 44% | 46% | 46% | 48% | 47% | 48% | +22.9% |
| Infrastructure Solutions | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q2 FY2027 · share of revenue
- US 97%
- CA 3%
As AZZ cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
99 filings between Jan 8, 2026 and Aug 14, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$5.29M
7 sales by 4 insiders
14% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 7
- Award — granted as compensation
- 54
- Option exercise — converted options into shares
- 27
- Tax withheld — shares kept back by the company to cover tax
Also filed: 4 other filings.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| FERGUSON THOMAS E | — | $3.18M | Feb 3, 2026 |
| Mackey Tara D | — | $1.06M | Feb 11, 2026 |
| Vellines Jeffrey | — | $648.0K | Aug 11, 2026 |
| Stovall Bryan Lee | — | $401.7K | Aug 14, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 14, 2026 | Stovall Bryan Lee COO - Metal Coatings | Sale | 2,677 | $401.7K |
| Aug 11, 2026 | Vellines Jeffrey Pres & COO - Precoat Metals | Sale | 4,220 | $648.0K |
| Jul 7, 2026 | BERCE DANIEL E Director | Award | 937 | $0 |
| Jul 7, 2026 | Purvis Steven R. Director | Award | 937 | $0 |
| Jul 7, 2026 | GRANNUM CLIVE A Director | Award | 937 | $0 |
| Jul 7, 2026 | McGough Ed Director | Award | 937 | $0 |
| Jul 7, 2026 | Treadway Charles L. Director | Award | 937 | $0 |
| Jul 7, 2026 | Jackson Carol R Director | Award | 937 | $0 |
| Jul 7, 2026 | Schapper Aaron M Director | Award | 937 | $0 |
| Jun 30, 2026 | Mackey Tara D Chief Legal Officer | Other | 305 | $21.2K |
| Jun 30, 2026 | Vellines Jeffrey Pres & COO - Precoat Metals | Other | 22 | $2.0K |
| Jun 30, 2026 | Crawford Jason Chief Financial Officer | Other | 305 | $21.2K |
| Jun 30, 2026 | FERGUSON THOMAS E President and CEO | Other | 305 | $21.2K |
| Jun 3, 2026 | Crawford Jason Chief Financial Officer | Option exercise | 1,803 | $0 |
| Jun 3, 2026 | Crawford Jason Chief Financial Officer | Tax withheld | 717 | $98.1K |
| Jun 3, 2026 | Crawford Jason Chief Financial Officer | Option exercise | 22 | $0 |
| May 31, 2026 | Stovall Bryan Lee COO - Metal Coatings | Option exercise | 9,017 | $0 |
| May 31, 2026 | Stovall Bryan Lee COO - Metal Coatings | Option exercise | 112 | $0 |
| May 31, 2026 | Stovall Bryan Lee COO - Metal Coatings | Tax withheld | 3,592 | $482.2K |
| Apr 28, 2026 | Crawford Jason Chief Financial Officer | Option exercise | 6,147 | $0 |
| Apr 28, 2026 | Stovall Bryan Lee COO - Metal Coatings | Tax withheld | 4,037 | $571.6K |
| Apr 28, 2026 | Crawford Jason Chief Financial Officer | Option exercise | 157 | $0 |
| Apr 28, 2026 | Stovall Bryan Lee COO - Metal Coatings | Option exercise | 10,537 | $0 |
| Apr 28, 2026 | Vellines Jeffrey Pres & COO - Precoat Metals | Option exercise | 936 | $0 |
| Apr 28, 2026 | Stovall Bryan Lee COO - Metal Coatings | Tax withheld | 632 | $89.5K |
| Apr 28, 2026 | Stovall Bryan Lee COO - Metal Coatings | Option exercise | 269 | $0 |
| Apr 28, 2026 | Crawford Jason Chief Financial Officer | Option exercise | 28 | $0 |
| Apr 28, 2026 | Crawford Jason Chief Financial Officer | Tax withheld | 449 | $63.6K |
| Apr 28, 2026 | Crawford Jason Chief Financial Officer | Tax withheld | 2,480 | $351.1K |
| Apr 28, 2026 | Stovall Bryan Lee COO - Metal Coatings | Option exercise | 48 | $0 |
| Apr 28, 2026 | Stovall Bryan Lee COO - Metal Coatings | Option exercise | 1,909 | $0 |
| Apr 28, 2026 | Mackey Tara D Chief Legal Officer | Option exercise | 9,706 | $0 |
| Apr 28, 2026 | Vellines Jeffrey Pres & COO - Precoat Metals | Option exercise | 131 | $0 |
| Apr 28, 2026 | Mackey Tara D Chief Legal Officer | Option exercise | 44 | $0 |
| Apr 28, 2026 | Mackey Tara D Chief Legal Officer | Option exercise | 1,759 | $0 |
| Apr 28, 2026 | Vellines Jeffrey Pres & COO - Precoat Metals | Option exercise | 5,164 | $0 |
| Apr 28, 2026 | Vellines Jeffrey Pres & COO - Precoat Metals | Tax withheld | 2,363 | $334.6K |
| Apr 28, 2026 | FERGUSON THOMAS E President and CEO | Option exercise | 1,265 | $0 |
| Apr 28, 2026 | FERGUSON THOMAS E President and CEO | Option exercise | 8,978 | $0 |
| Apr 28, 2026 | FERGUSON THOMAS E President and CEO | Tax withheld | 19,996 | $2.83M |
| Apr 28, 2026 | Vellines Jeffrey Pres & COO - Precoat Metals | Option exercise | 23 | $0 |
| Apr 28, 2026 | Mackey Tara D Chief Legal Officer | Tax withheld | 582 | $82.4K |
| Apr 28, 2026 | FERGUSON THOMAS E President and CEO | Option exercise | 49,554 | $0 |
| Apr 28, 2026 | Mackey Tara D Chief Legal Officer | Option exercise | 247 | $0 |
| Apr 28, 2026 | FERGUSON THOMAS E President and CEO | Tax withheld | 3,622 | $512.8K |
| Apr 28, 2026 | Mackey Tara D Chief Legal Officer | Tax withheld | 3,679 | $520.9K |
| Apr 28, 2026 | FERGUSON THOMAS E President and CEO | Option exercise | 229 | $0 |
| Apr 28, 2026 | Vellines Jeffrey Pres & COO - Precoat Metals | Tax withheld | 427 | $60.5K |
| Apr 28, 2026 | Crawford Jason Chief Financial Officer | Option exercise | 1,114 | $0 |
| Apr 28, 2026 | Bella Todd Michael President-Metal Coatings | Option exercise | 637 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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