AZZ raises FY2026 guidance as first-quarter sales rise 2.1% to $422.0 million
AZZ reported first-quarter fiscal 2026 results for the period ended May 31, 2025, with sales up 2.1% to $422.0 million and adjusted diluted EPS up 21.9% to $1.78. Reported GAAP net income of $170.9 million included a $165.8 million gain tied to the AVAIL joint venture's sale of its Electrical Products Group, and the company is raising its fiscal 2026 guidance. For shareholders, the guidance update sets new expectations for sales, adjusted EBITDA and adjusted EPS for the full year.
- Sales of $422.0 million, up 2.1%; Metal Coatings sales up 6.0% to $187.2 million, Precoat Metals down 0.8% to $234.7 million
- GAAP diluted EPS of $5.66 versus a loss of $1.38 a year earlier; adjusted diluted EPS of $1.78, up 21.9%
- FY2026 guidance: sales $1.625-$1.725 billion, Adjusted EBITDA $360-$400 million, Adjusted diluted EPS $5.75-$6.25
- Debt reduced by $285.4 million in the quarter, with a net leverage ratio of 1.7x