Azz inc. reports fiscal year 2025 third quarter results

Strong sales growth drives quarterly results; narrowing and raising fiscal year 2025 financial guidance fort worth, texas , jan. 7, 2025 /prnewswire/ -- azz inc. (nyse: azz), the leading independent provider of hot-dip galvanizing and coil coating solutions, today announced financial results for the third quarter ended november 30, 2024.  fiscal year 2025 third quarter financial results overview  (as compared to prior fiscal year third quarter(1)): total sales of $403.7 million, up 5.8% metal coatings sales of $168.6 million, up 3.3% precoat metals sales of $235.1 million, up 7.6% net income of $33.6 million, up 25.0% and adjusted net income of $41.9 million, up 20.5% gaap diluted eps of $1.12 per share, up 21.7%, and adjusted diluted eps of $1.39, up 16.8% adjusted ebitda of $90.7 million or 22.5% of sales, versus prior year of $86.4 million, or 22.6% of sales segment adjusted ebitda margin of 31.5% for metal coatings and 19.1% for precoat metals debt reduction of $35 million in the quarter; fiscal year-to-date debt reduction of $80 million, resulting in net leverage ratio 2.6x cash dividend of $0.17 per share to common shareholders repriced term loan b which reduced the future borrowing rate by 75 basis points to sofr+2.50% (1) adjusted net income, adjusted eps, adjusted ebitda and net leverage ratio are non-gaap financial measures as defined and reconciled in the tables below.
AZZ Ratings Summary
AZZ Quant Ranking