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AZZ Inc. Reports Financial Results for the Third Quarter, Fourth Quarter, Fiscal Year 2018, and Issues Guidance for Fiscal Year 2019

AZZ Inc. (NYSE: AZZ), a global provider of metal coating services, welding solutions, specialty electrical equipment and highly engineered services, today issued its consolidated financial statements contained in the Company’s Quarterly Report on Form 10-Q for the third quarter of Fiscal Year 2018, and its audited consolidated financial statements contained in the Company’s Fiscal Year 2018 Annual Report on Form 10-K. The Company also announced financial results for the three month periods ended November 30, 2017, and February 28, 2018, as well as the 12 month period ended February 28, 2018.

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AZZ Inc. to Review Third Quarter, Fourth Quarter, and Full Fiscal Year 2018 Financial Results on Tuesday, May 15, 2018

AZZ Inc. (NYSE: AZZ), a global provider of metal coating services, welding solutions, specialty electrical equipment and highly engineered services, will conduct a conference call to review the financial results for the third quarter, fourth quarter, and full fiscal year 2018 at 11:00 a.m. ET on Tuesday, May 15, 2018. The Company will file its Quarterly Report on Form 10-Q for the third quarter and its Annual Report on Form 10-K for fiscal year 2018, and will issue a press release reporting fourth quarter and full fiscal year 2018 financial results before the market open on May 15, 2018.

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AZZ Inc. Completes Restatement of Form 10-K for Fiscal Year 2017 and the Company’s Quarterly Reports on Form 10-Q for the First and Second Quarters of Fiscal Year 2018

AZZ Inc. (NYSE: AZZ), (the “Company”), a global provider of metal coating services, welding solutions, specialty electrical equipment and highly engineered services, today announced that it has completed its restatement previously announced on March 29, 2018 and filed its amended previously issued audited consolidated financial statements contained in the Company’s Fiscal Year 2017 Annual Report on Form 10-K and the unaudited consolidated financial statements contained in the Company’s Quarterly Reports on Form 10-Q for the first and second quarters of Fiscal Year 2018 . The amended filings are available on the company’s investor relations website.

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AZZ Inc. Announces Quarterly Cash Dividend of $0.17 Per Share

AZZ Inc. (NYSE: AZZ), a global provider of metal coating services, welding solutions, specialty electrical equipment and highly engineered services, today announced its Board of Directors has authorized a quarterly cash dividend in the amount of $0.17 per share on the company’s outstanding shares of common stock. The dividend is payable on May 9, 2018, to shareholders of record as of the close of business on April 25, 2018.

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AZZ Inc. will Restate Form 10-K for the Year Ended February 28, 2017 and the Unaudited Consolidated Financial Statements

AZZ Inc. (NYSE: AZZ), (the “Company”), a global provider of metal coating services, welding solutions, specialty electrical equipment and highly engineered services, today announced that it has completed the review of the materiality of certain historical accounting treatment of certain contracts in its Energy Segment as originally communicated in its January 9, 2018 press release. On March 26, 2018, the management of the Company in conferring with the Company’s independent registered public accounting firm, BDO USA, LLP (“BDO”), concluded that the Company’s previously issued audited consolidated financial statements (and any related audit reports of BDO) contained in the Company’s 2017 Annual Report on Form 10-K (which includes financial statements for years ending February 28, 2015, and February 29, 2016, and February 28, 2017) and the unaudited consolidated financial statements contained in the Company’s Quarterly Reports on Form 10-Q for the quarters ended May 31, 2017 and August 31, 2017 (collectively, the “Relevant Periods”) should no longer be relied upon due to an accounting error. The Company determined that it should have applied the percentage-of-completion method of accounting under the FASB’s Accounting Standards Codification No. 605-35, Construction-Type and Production-Type Contracts (“ASC 605-35”), for certain contracts of the Company as further described below. After conferring with the Company’s management and BDO, the Audit Committee of the Board of Directors of the Company concurred with the above conclusion of the Company’s management.

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AZZ Inc. Announces the Completion of Acquisition of Lectrus Corporation

AZZ Inc. (NYSE: AZZ), a global provider of metal coatings services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets announced today that it has completed the purchase of certain assets of Lectrus Corporation pursuant to the Court entering the Sale Order on March 20, 2018. The Chattanooga, Tennessee facility of Lectrus was included in the assets acquired by AZZ Enclosure Systems – Chattanooga LLC, a Delaware limited liability company. The purchase price was $8 million plus certain cure costs pursuant to the Bankruptcy Code, which amount to approximately $215,000.

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AZZ Inc. Wins Bid to Acquire Certain Assets of Lectrus Corporation located in Chattanooga, Tennessee

AZZ Inc. (NYSE: AZZ), a global provider of metal coatings services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, announced today it has won the bid to acquire certain assets through a 363 bankruptcy sale process, from Lectrus Corporation, a privately-held Tennessee corporation, that designs and manufactures custom metal enclosures and provides electrical and mechanical integration. The Chattanooga, Tennessee facility of Lectrus is included in the assets acquired.

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AZZ Inc. Announces Acquisition of Rogers Brothers Company, Illinois-Based Galvanizer

AZZ Inc. (NYSE: AZZ), a global provider of metal coatings services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, announced today that it has acquired all the assets and outstanding shares of Rogers Brothers Company (“Rogers Brothers”), a privately held company, based in Rockford, Illinois. Rogers Brothers provides galvanizing services to a multi-state area within the Midwest. Terms of the transaction were not disclosed.

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AZZ Inc. Announces Quarterly Cash Dividend of $0.17 Per Share

AZZ Inc. (NYSE: AZZ), a global provider of metal coating services, welding solutions, specialty electrical equipment and highly engineered services, today announced its Board of Directors has authorized a quarterly 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 20, 2018, to shareholders of record as of the close of business on February 6, 2018.

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AZZ Inc. to Review Accounting Methodology Resulting in a Delay of the Issuance of its Fiscal Year 2018 Third Quarter Form 10-Q

AZZ Inc. (NYSE: AZZ), (the “Company”), a global provider of metal coating services, welding solutions, specialty electrical equipment and highly engineered services, today announced upon the recommendation of the Company’s management and in consultation with the Company’s Audit Committee and the Company’s independent registered public accounting firm, BDO USA, LLP, on January 4, 2018 determined that the Company historically should have accounted differently for certain contracts within its Energy Segment. As disclosed in the Company’s 2017 Annual Report on Form 10-K, revenue was historically recognized for the Energy Segment upon transfer of title and risk to customers or based upon the percentage of completion method of accounting for electrical products built to customer specifications.

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AZZ Inc. Reports Financial Results for the Second Quarter of Fiscal Year 2018

AZZ Inc. (NYSE:AZZ), a global provider of metal coating services, welding solutions, specialty electrical equipment and highly engineered services, today announced financial results for the three month period ended August 31, 2017. Second quarter fiscal 2018 earnings per share of $0.32 on revenue of $190.4 million, and second quarter fiscal 2018 bookings totaled $190 million, resulting in a backlog of $331 million.

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AZZ Inc. Announces Quarterly Cash Dividend of $0.17 Per Share

AZZ Inc. (NYSE:AZZ), a global provider of metal coating services, welding solutions, specialty electrical equipment and highly engineered services, today announced its Board of Directors has authorized a quarterly 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, 2017, to shareholders of record as of the close of business on October 18, 2017.

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AZZ Inc. to Review Second Quarter Fiscal Year 2018 Financial Results on Tuesday, October 3, 2017

AZZ Inc. (NYSE: AZZ), a global provider of metal coatings services, welding solutions, specialty electrical equipment and highly engineered services, will conduct a conference call to review the financial results for the second quarter of fiscal year 2018 at 11:00 a.m. ET on Tuesday, October 3, 2017. The Company will report second quarter fiscal year 2018 financial results before the market open on October 3, 2017.

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AZZ Inc. Announces Acquisition of Wisconsin-Based Powergrid Solutions, Inc.

AZZ Inc. (NYSE: AZZ), a global provider of metal coatings services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, announced today that it has acquired all the assets and outstanding shares of Powergrid Solutions, Inc. (“PSI”), a privately held company, based in Oshkosh, Wisconsin.

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AZZ Inc. Appoints Ken Lavelle as President and General Manager – Electrical Systems

AZZ Inc. (NYSE: AZZ), a global provider of metal coatings services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, today announced that Mr. Ken Lavelle has been appointed as President and General Manager – Electrical System Division of AZZ Inc. Mr. Lavelle has served as a consultant to the Company from April 2016 to July 2017.

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AZZ Inc. Acquires Enhanced Powder Coating, Ltd.

AZZ Inc. (NYSE: AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, announced today that it has acquired the assets of Enhanced Powder Coating Ltd., (“EPC”), a privately held, high specification, NADCAP certified provider of powder coating, plating and anodizing services based in Gainesville, Texas. EPC, founded in 2003, offers a full spectrum of finish technology including powder coating, abrasive blasting and plating for heavy industrial, transportation, aerospace and light commercial industries. Terms of the transaction were not disclosed. AZZ anticipates the acquisition of EPC will be accretive to earnings within the first year of operation.

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AZZ Inc. to Review First Quarter Fiscal Year 2018 Financial Results on Thursday, July 6, 2017

AZZ Inc. (NYSE: AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services, will conduct a conference call to review the financial results for the first quarter of fiscal year 2018 at 11:00 a.m. ET on Thursday, July 6, 2017. The Company will report first quarter fiscal year 2018 financial results before the market opens on July 6, 2017.

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AZZ Inc. Announces Expansion and Relocation of Specialty Welding Operation

AZZ Inc. (NYSE: AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, today announced a new 180,000-square-foot facility, located in the city of Suwanee, Georgia, – in the Atlanta metro area – to house its Industrial division, which includes specialty welding, fabrication and field services groups. AZZ intends to relocate its existing operations in Norcross, Georgia to the new location.

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AZZ Inc. Announces New Powder Coating Facility in Texas

AZZ Inc. (NYSE:AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, today announced the opening of its first powder coating operation.

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AZZ Galvanizing Wins Five Industry Awards Including “Lifetime Achievement” at the 2017 Excellence in Hot-Dip Galvanizing Awards

FORT WORTH, TX – AZZ Inc. (NYSE: AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, today announced that AZZ’s Galvanizing Segment won “Excellence in Hot-Dip Galvanizing” awards in five categories, including the prestigious “Lifetime Achievement” award. The American Galvanizers Association (“AGA”), a leading trade association in the galvanizing industry, presented the awards.

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AZZ Inc. Announces Contract Award from Beijing Sino-American Yuli Power Technology for Underground 500kV Gas Insulated Line in The People’s Republic of China

FORT WORTH, TX – AZZ Inc. (NYSE:AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, announced today that it was awarded a contract from Beijing Sino-American Yuli Power Technology Co. Ltd to provide two circuits of 500kV 4,000 Amp Gas Insulated Line (“GIL”) for the Dalian Xinghai Bay Nanyan Loop IV Transmission Line located under the city of Dalian on the Northeast coast of China.

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AZZ Inc. Reports Financial Results for Fiscal Year 2017

FORT WORTH, TX – AZZ Inc. (NYSE:AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services, today announced financial results for the three and twelve-month periods ended February 28, 2017.

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