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View corporate press releases and news announcements from AZZ

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AZZ Inc. to Present at the 14th Annual Southwest IDEAS Conference on November 17, 2022

November 14, 2022 – FORT WORTH, TX – AZZ Inc. (NYSE: AZZ) the leading independent provider of hot-dip galvanizing and coil coating solutions in North America, today announced that David Nark, Senior Vice President, Marketing, Communications and Investor Relations, will present at the 14th Annual Midwest IDEAS Conference on Thursday, November 17, 2022, at 8:00 a.m. CT at The Westin Dallas Downtown, in Dallas, Texas.

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AZZ Inc. Continues Geographic Expansion of North American Coatings Footprint

November 11, 2022 – FORT WORTH, TX – AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions, today announced its plan to construct a new aluminum coil coating facility, complete with value-added downstream processing, near St. Louis, Missouri. The 25-acre facility will be located in the new Oldenburg Industrial Park in Washington, Missouri and is expected to be operational in 2025. Upon completion, AZZ Precoat Metals will operate a network of 14 facilities including 16 coating lines and 19 value-added processing lines, adding to their industry leading capacity and capability. AZZ Precoat Metals has secured long-term contractual customer commitments for over 75% of the new capacity.

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AZZ Inc. to Present at the Baird 2022 Global Industrial Conference on November 9, 2022

October 21, 2022 – FORT WORTH, TX – AZZ Inc. (NYSE: AZZ), the largest independent provider of hot-dip galvanizing and coil coating solutions, announced today that Tom Ferguson, Chief Executive Officer and Philip Schlom, Chief Financial Officer, will present at the Baird 2022 Global Industrial Conference at 2:55 p.m. CT on Wednesday, November 9, 2022. The conference is being held in The Ritz-Carlton in Chicago, IL.

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AZZ Inc. Announces Fiscal Year 2023 Second Quarter Cash Dividend of $0.17 per Share

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.

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AZZ Inc. Completes Divestiture of Majority Interest in the Company’s Infrastructure Solutions Segment

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.

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AZZ Inc. to Review Second Quarter Fiscal Year 2023 Financial Results on Tuesday October 11 2022

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.

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AZZ Inc. to Present at the 13th Annual Midwest IDEAS Conference on August 25, 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.

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AZZ Inc. to Present at Jefferies Industrial Conference on August 9, 2022

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.

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AZZ Inc. Announces Fiscal Year 2023 First Quarter
Cash Dividend of $0.17 per Share

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.

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AZZ Inc. to Review First Quarter Fiscal Year 2023 Financial Results on Monday, July 11, 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.

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AZZ Inc. Enters Definitive Agreement to Divest Majority Interest in the Company’s Infrastructure Solutions Segment

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.

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AZZ Inc. to Participate in the 12th Annual East Coast IDEAS Investor Conference on June 23, 2022

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.

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AZZ Inc. to Present at Sidoti Summer Small Cap Virtual Investor Conference on June 15, 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.

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AZZ Inc. to Present at Stifel 2022 Cross Sector Insight Conference on June 9, 2022

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.

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AZZ Inc. Completes Acquisition of Precoat Metals from Sequa Corporation

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.

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AZZ Inc. to Present at Oppenheimer 17th Annual Industrial Growth Conference on May 4, 2022

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.

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AZZ Inc. Announces Financing of Precoat Transaction

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”).

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AZZ Inc. to Review Fourth Quarter and Fiscal Year 2022 Financial Results on Friday, April 22, 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.

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AZZ Inc. Announces Fiscal Year 2022 Fourth Quarter Cash Dividend of $0.17 per Share

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.

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AZZ Inc. Announces Contract Award for 125 Battery Energy Storage System Enclosures

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.

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AZZ Inc. to Acquire Precoat Metals from Sequa Corporation

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.

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