AZZ Full-Year Sales Rise 4.6% to $1.65 Billion; Q4 Net Income Falls 21.2%
AZZ reported fourth-quarter and fiscal 2026 results for the year ended February 28, 2026, in a press release furnished as Exhibit 99.1. Full-year sales rose 4.6% to $1.65 billion and GAAP net income rose 146.3% to $317.3 million, which the company said was meaningfully affected by equity in earnings from the AVAIL joint venture divestitures, while fourth-quarter GAAP net income fell 21.2% despite 9.4% sales growth. The company reiterated its fiscal 2027 guidance, which sets the baseline for shareholder expectations.
Key points
- Fiscal 2026 sales were $1.65 billion, up 4.6%; GAAP net income was $317.3 million, up 146.3%, and GAAP diluted EPS was $10.50.
- Fourth-quarter sales were $385.1 million, up 9.4%; net income was $15.9 million, down 21.2%; GAAP diluted EPS was $0.53, while adjusted diluted EPS was $1.34, up 36.7%.
- Fiscal 2027 guidance was reiterated: sales of $1.725 to $1.775 billion and adjusted diluted EPS of $6.50 to $7.00.
- Net leverage was 1.4x, down from 2.5x, after debt reduction of $385.3 million; a conference call is set for April 23, 2026, at 11:00 A.M. ET.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 22, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.