Press Releases

October 7, 2022 – FORT WORTH, TX – AZZ Inc. (NYSE: AZZ), a leading provider of hot-dip galvanizing and a variety of metal coating solutions and coil coating solutions, today announced its Board of Directors has authorized a second quarter cash dividend in the amount of $0.17 per share on the Company’s outstanding shares of common stock. The dividend is payable on November 1, 2022, to shareholders of record as of the close of business on October 18, 2022.

October 3, 2022 – FORT WORTH, TX – AZZ Inc. (“AZZ” or the “Company”) (NYSE: AZZ), and Fernweh Group LLC (“Fernweh”), jointly announced today that as of Friday evening, September 30, 2022 they completed the previously announced transaction whereby AZZ contributed its AZZ Infrastructure Solutions Segment (“AIS”) to AIS Investment Holdings LLC (the “AIS JV”) and sold a 60% interest in the AIS JV to Fernweh at an implied enterprise value of $300 million. AZZ anticipates approximately $228 million of cash proceeds, subject to certain customary purchase price adjustments, and will use $210 million to pay down its Term Loan B and the balance to pay on its Revolving Credit Facility.

September 28, 2022 – FORT WORTH, TX – AZZ Inc. (NYSE: AZZ), a global provider of metal coating solutions, coil coating solutions, welding solutions, specialty electrical equipment and highly engineered solutions, will conduct a conference call to review the financial results for the second quarter fiscal year 2023 at 11:00 a.m. ET on Tuesday, October 11, 2022. The Company will issue a press release reporting second quarter fiscal year 2023 financial results before the market opens on October 11, 2022.

August 18, 2022 – FORT WORTH, TX – AZZ Inc. (NYSE: AZZ), a global provider of metal coating solutions, coil coating solutions, welding solutions, specialty electrical equipment and highly engineered services, announced today that David Nark, Senior Vice President, Marketing, Communications and Investor Relations, will present at the 13th Annual Midwest IDEAS Conference on Thursday, August 25, 2022, at 12:45 p.m. CT at The Gwen Hotel in Chicago, IL.

August 5, 2022 – FORT WORTH, TX – AZZ Inc. (NYSE: AZZ), a global provider of metal coating solutions, coil coating solutions, welding solutions, specialty electrical equipment and highly engineered services, announced today that David Nark, Senior Vice President, Marketing, Communications and Investor Relations, will present at the Jefferies Industrial Conference on Tuesday, August 9, 2022, 2022, at 2:00 p.m. ET.

July 11, 2022 – FORT WORTH, TX – AZZ Inc. (NYSE: AZZ), a global provider of metal coating solutions, coil coating solutions, welding solutions, specialty electrical equipment and highly engineered services today announced financial results for the first quarter of fiscal year 2023, ended May 31, 2022.

June 30, 2022 – FORT WORTH, TX – AZZ Inc. (NYSE: AZZ), a global provider of metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services, today announced its Board of Directors has authorized a first quarter cash dividend in the amount of $0.17 per share on the Company’s outstanding shares of common stock. The dividend is payable on August 2, 2022, to shareholders of record as of the close of business on July 19, 2022.

June 28, 2022 – FORT WORTH, TX – AZZ Inc. (NYSE: AZZ), a global provider of galvanizing and metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services for maintaining and building critical infrastructure, will conduct a conference call to review the financial results for the first quarter fiscal year 2023 at 11:00 a.m. ET on Monday, July 11, 2022. The Company will issue a press release reporting first quarter fiscal year 2023 financial results before the market opens on July 11, 2022.

June 23, 2022 – FORT WORTH, TX – AZZ Inc. (“AZZ” or the “Company”) (NYSE: AZZ), and Fernweh Group LLC (“Fernweh”), jointly announced today they have entered into a definitive agreement whereby AZZ will contribute its AZZ Infrastructure Solutions Segment1 (“AIS”) to AIS Investment Holdings LLC (the “AIS JV”), and sell a 60% interest in the AIS JV to Fernweh at an implied enterprise value of AIS of $300 million. The valuation represents approximately 8.1x AIS LTM 2/28/2022 adjusted EBITDA2 of roughly $37 million and is expected to result in cash proceeds to AZZ of approximately $228 million, subject to certain customary purchase price adjustments. Under the terms of the transaction, the AIS JV will be governed by a board with three representatives from Fernweh and two representatives from AZZ. Following the close of the transaction, Fernweh will own 60% of the AIS JV and AZZ will own 40%. The transaction is expected to close before the end of 2022, subject to obtaining the requisite governmental approvals and other customary closing conditions and approvals.

June 16, 2022 – FORT WORTH, TX – AZZ Inc. (NYSE: AZZ), a global provider of galvanizing and metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services for maintaining and building critical infrastructure, announced today that David Nark, Senior Vice President, Marketing, Communications and Investor Relations, will participate in the East Coast IDEAS Virtual Investor Conference on Thursday, June 23, 2022. AZZ’s presentation is scheduled to be available at 6:00 a.m. ET on June 22, 2022.

June 9, 2022 – FORT WORTH, TX – AZZ Inc. (NYSE: AZZ), a global provider of galvanizing and metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services for maintaining and building critical infrastructure, announced today that David Nark, Senior Vice President, Marketing, Communications and Investor Relations, will present at the Sidoti & Company 2022 Summer Small Cap Virtual Investor Conference on Wednesday, June 15, 2022, at 1:45 p.m. ET.

June 2, 2022 – FORT WORTH, TX – AZZ Inc. (NYSE: AZZ), a global provider of galvanizing and metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services for maintaining and building critical infrastructure, announced today that David Nark, Senior Vice President, Marketing, Communications and Investor Relations, will present at the Stifel 2022 Cross Sector Insight Conference in Boston, MA on Thursday, June 9, 2022, at 11:30 a.m. ET.

May 13, 2022 – FORT WORTH, TX – AZZ Inc. (“AZZ” or the “Company”) (NYSE: AZZ), a global provider of galvanizing and metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services for maintaining and building critical infrastructure, today announced that it has completed its previously announced acquisition of the Precoat Metals business division (“Precoat”) of Sequa Corporation (“Sequa”), a portfolio company of global investment firm Carlyle (NASDAQ: CG), for a purchase price of approximately $1.28 billion.

May 3, 2022 – FORT WORTH, TX – AZZ Inc. (NYSE: AZZ), a global provider of metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services, announced today that Philip Schlom, Chief Financial Officer and David Nark, Senior Vice President, Marketing, Communications and Investor Relations, will present at the Oppenheimer 17th Annual Industrial Growth Conference at 10:30am ET on Wednesday, May 4, 2022.

April 25, 2022 – FORT WORTH, TX – AZZ Inc. (“AZZ” or the “Company”) (NYSE: AZZ), a global provider of galvanizing and metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services for maintaining and building critical infrastructure today announced that the Company is launching the syndication of a new 7-year $1.3 billion First Lien Senior Term Loan (“2022 Term Loan B”).

April 22, 2022 – FORT WORTH, TX – AZZ Inc. (NYSE: AZZ), a global provider of metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services today issued its audited consolidated financial statements contained in the Company’s Fiscal Year 2022 Annual Report on Form 10-K for the year ended February 28, 2022.

April 8, 2022 – FORT WORTH, TX – AZZ Inc. (NYSE: AZZ), a global provider of galvanizing and metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services for maintaining and building critical infrastructure, will conduct a conference call to review the financial results for the fourth quarter and fiscal year 2022 at 11:00 a.m. ET on Friday, April 22, 2022. The Company will issue a press release reporting fourth quarter and fiscal year 2022 financial results before the market opens on April 22, 2022.

April 7, 2022 – FORT WORTH, TX – AZZ Inc. (NYSE: AZZ), a global provider of metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services, today announced its Board of Directors has authorized a fourth quarter cash dividend in the amount of $0.17 per share on the Company’s outstanding shares of common stock. The dividend is payable on May17, 2022, to shareholders of record as of the close of business on April 26, 2022.

March 14, 2022 – FORT WORTH, TX – AZZ Inc. (NYSE: AZZ), a global provider of metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services, today announced a contract award to provide 125 Battery Energy Storage System (‘BESS’) enclosures for one of the largest energy storage facilities in North America. The total value of the contract was not disclosed. Delivery of the lithium-ion BESS enclosures is scheduled to begin the second half of 2022 with project completion anticipated in June 2023.

March 7, 2022 – FORT WORTH, TX – AZZ Inc. (“AZZ” or the “Company”) (NYSE: AZZ), a global provider of galvanizing and metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services for maintaining and building critical infrastructure, and Sequa Corporation (“Sequa”), a portfolio company of global investment firm Carlyle (NASDAQ: CG), jointly announced today that they have entered into a definitive agreement whereby AZZ will acquire Sequa’s Precoat Metals business division (“Precoat”) for a purchase price of approximately $1.28 billion. When adjusted for the net present value of approximately $150 million of expected net tax benefits, the net purchase price is approximately $1.13 billion, which represents approximately 8.2x Precoat’s adjusted EBITDA for the twelve months ended December 31, 2021.

March 1, 2022 – FORT WORTH, TX – AZZ Inc. (NYSE: AZZ), a global provider of galvanizing and metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services for maintaining and building critical infrastructure, announced today that it has entered into an agreement to acquire DAAM Galvanizing Co. Ltd. (“DAAM”), a privately held hot-dip galvanizing company based in Edmonton, Alberta Canada. Terms of the transaction were not disclosed.

January 18, 2022 – FORT WORTH, TX – AZZ Inc. (NYSE: AZZ), a global provider of galvanizing and metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services for maintaining and building critical infrastructure, announced today that Philip Schlom, Chief Financial Officer and David Nark, Senior Vice President, Marketing, Communications and Investor Relations, will present at the Sidoti Winter Virtual Investor Conference at 10:45 a.m. ET on Thursday, January 20, 2022.

January 13, 2022 – FORT WORTH, TX – AZZ Inc. (NYSE: AZZ), a global provider of metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services, today announced its Board of Directors has authorized a third quarter cash dividend in the amount of $0.17 per share on the Company’s outstanding shares of common stock. The dividend is payable on February 8, 2022, to shareholders of record as of the close of business on January 25, 2022.

January 10, 2022 – FORT WORTH, TX – AZZ Inc. (NYSE: AZZ), a global provider of metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services today announced financial results for the third quarter of fiscal year 2022, ended November 30, 2021.