Azz inc. reports fourth quarter eps of $0.87 and full year eps of $3.35 for fiscal year 2022

Fort worth, texas , april 22, 2022 /prnewswire/ -- azz inc. (nyse: azz), a global provider of metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services today issued its audited consolidated financial statements contained in the company's fiscal year 2022 annual report on form 10-k for the year ended february 28, 2022.  fiscal year 2022 overview and recent highlights: achieved 35th consecutive year of profitability reported diluted earnings per share of $3.35 and reported net income of $84.0 million  full year adjusted earnings per share of $3.34 and adjusted net income of $83.8 million sales of $902.7 million, increased by 7.6% compared to prior year metal coatings segment full year results versus prior year: sales of $519.0 million, up 13.4% adjusted operating income of $127.3 million, up 19.3% adjusted operating margin of 24.5%, versus 23.3%, or 120 bps improvement infrastructure solutions segment full year results versus prior year: sales of $383.7 million, up 0.7% adjusted operating income of $33.7 million, up 115.1% adjusted operating margin of 8.8% versus 4.1%, or 470 bps improvement cash provided from operating activities of $86.0 million decreased 6.5% versus prior year repurchased $30.8 million of common shares during the year effective tax rate of 21.0%; 130 basis points improvement over the prior year management discussion tom ferguson, president and chief executive officer of azz, commented, "i am quite pleased with how well our leadership team and dedicated employees overcame supply chain disruptions and labor shortages to take care of their customers, improve our safety record and position azz for a strong fiscal year 2023.
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