Azz inc. reports fiscal year 2025 second quarter results

Sales and margin expansion drives quarterly results; narrowing and raising fiscal year 2025 financial guidance fort worth, texas , oct. 9, 2024 /prnewswire/ --- azz inc. (nyse: azz), the leading independent provider of hot-dip galvanizing and coil coating solutions, today announced financial results for the second quarter ended august 31, 2024.  fiscal year 2025 second quarter overview  (as compared to prior year(1)): total sales $409.0 million, up 2.6% metal coatings sales of $171.5 million, up 1.0% precoat metals sales of $237.5 million, up 3.8% net income of $35.4 million, up 25.0% and adjusted net income of $41.3 million, up 11.0% gaap eps of $1.18 per diluted share, up 21.6%, and adjusted diluted eps of $1.37, up 7.9% adjusted ebitda of $91.9 million or 22.5% of sales, versus prior year of $88.0 million, or 22.1% of sales segment adjusted ebitda margin of 31.7% for metal coatings and 21.1% for precoat metals debt reduction of $20.0 million in the quarter; fiscal year-to-date debt reduction of $45 million, net leverage ratio 2.7x cash dividend of $0.17 per share to common shareholders.
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