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AZZ, Inc. engages in the provision of galvanizing services, welding solutions, specialty electrical equipment, and engineered services. It operates through two segments: Energy and Metal Coatings. Read More The Energy segment provides products and services designed to support industrial, nuclear, and electrical applications. The Metal Coatings Segment provides hot dip galvanizing and other metal coating applications to the steel fabrication industry through facilities located throughout the United States and Canada. The company was founded in 1956 and is headquartered in Fort Worth, TX.
Fort Worth, Texas
52 Week High
52 Week Low
Seeking AlphaMay 24
AZZ changes auditor following weaknesses in financial reporting oversight
AZZ says it replaced its auditor after the company disclosed material weaknesses in its financial reporting oversight following two years of accounting difficulties.
Wall Street JournalMay 23
AZZ Replaces Auditor After Streak of Accounting Difficulties
Specialty equipment maker AZZ Inc. said it replaced its auditor after the company disclosed material weaknesses in controls over its financial reporting. AZZ’s audit committee dismissed BDO USA LLP and replaced the Chicago-based auditor with Grant Thornton LLP. AZZ said it informed BDO of the dismissal last week. AZZ’s move comes after two years of accounting difficulties. The company delayed filing its fiscal 2019 and 2018 annual reports and had disclosed separate material weaknesses in its internal cont...
Seeking AlphaMay 20
AZZ -2% post Q4 results miss; reaffirms FY20 guidance
AZZ (AZZ -2.3% ) reports Q4 increase of 0.9% Y/Y to $202.5M; and operating income increase of 44.2% Y/Y to $$13.4M. Revenue by segments: Energy $101.3M (-2.1% Y/Y) and Metals coats $101.25M (+4.2% Y/Y). Q4 Gross margin improved by 241 bps to 21.4%; and operating margin improved by 198 bps to 6.6%. Segment operating margins: Energy 5.5% up by 430 bps ; and Metals coatings 17.5% down by 70 bps . SG&A expenses increased by 4% Y/Y to $29.87M; and as percentage of revenue 14.7% up by 43 bps. Net cash provid...
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