Azz inc. reports fourth quarter and fiscal year 2024 full year results

Record full year sales, profitability and cash flow fort worth, texas , april 22, 2024 /prnewswire/ --azz inc. (nyse: azz), the leading independent provider of hot-dip galvanizing and coil coating solutions in north america, today issued its audited consolidated financial statements contained in the company's fiscal year 2024 annual report on form 10-k for the year ended february 29, 2024.  fiscal year 2024 overview (results from continuing operations as compared to prior year(1)(2)): total sales $1,537.6 million, up 16.2% metal coatings sales of $656.2 million, up 3.0% precoat metals sales of $881.4 million, up 28.4% diluted eps of $3.46, up 48.5% versus prior year, adjusted eps of $4.53, up 34.8% net income of $101.6 million, up 53.2%; adjusted net income of $132.8 million, up 39.5% adjusted ebitda of $333.6 million or 21.7% of sales, versus prior year of $267.4 million or 20.2% of sales segment ebitda margin of 30.0% for metal coatings and 19.0% for precoat metals cash from operations $244.5 million, up from $91.4 million in the prior year reduced debt by $115.0 million for the year, resulting in net leverage of 2.9x fourth quarter 2024 overview (results from continuing operations as compared to prior year(1)): total sales of $366.5 million, up 8.9% metal coatings sales of $154.4 million, up 3.3% precoat metals sales of $212.1 million, up 13.4% diluted eps of $0.56, up 273.3% versus prior year, adjusted eps of $0.93, up 210.0% net income of $17.9 million, up 140.5%; adjusted net income of $27.5 million, up 260.3% adjusted ebitda of $73.9 million or 20.2% of sales, versus prior year of $57.2 million or 17.0% of sales segment ebitda margins of 28.6% for metal coatings and 17.8% for precoat metals ____________________ (1) adjusted net income, adjusted eps, and adjusted ebitda are non-gaap financial measures as defined and reconciled in the tables below.
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