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AZZ Inc.
4/23/2026
Good day and welcome to the AZZ Incorporated 4th Quarter Fiscal Year 2026 Earnings Conference Call and Webcast. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on a touch-tone phone. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Philip Cooper, Managing Director of Three-Part Advisors. Please go ahead.
Good morning. Thank you for joining us today to review AZZ's fiscal 2026 fourth quarter and full year results for the period ended February 28, 2026. Joining the call today are Tom Ferguson, President and Chief Executive Officer, Jason Crawford, Chief Financial Officer, and David Nark, Chief Marketing, Communications, and Investor Relations Officer. After today's prepared remarks, we will open the call for questions. Please note that the live webcast of today's call is available at www.acc.com forward slash investor dash events. Before we begin, I would like to remind everyone that our discussion today will include forward-looking statements made in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements are uncertain and outside the company's control. Except for actual results, AZZ's comments containing forward-looking statements may involve risks and uncertainties some of which are detailed from time to time in documents filed by AZZ with the Securities and Exchange Commission, including the latest annual report on Form 10-K. These statements are not guarantees of future performance. Therefore, undue reliance should not be placed upon them. Actual results could differ materially from these expectations. In addition, today's call will discuss non-GAAP financial measures, which should be considered supplemental and not as a substitute for GAAP financial measures. We refer shareholders to our reconciliations from GAAP to non-GAAP measures contained in today's earnings press release. I would now like to turn the call over to Tom Ferguson.
Thanks, Philip. Good morning, everyone, and thank you for joining us today. We delivered a strong close to the year and achieved record sales and profitability for the third consecutive year. I'm especially proud of how our teams recovered from the major winter storm in late January to finish a strong fourth quarter. Full year sales totaled $1.65 billion, adjusted EBITDA surpassed $367 million, and adjusted earnings per share grew 19% year over year to $6.19. Our performance reflects the strength of our strategy, disciplined execution, operational excellence, and commitment of teamwork and values-based culture across the organization. During fiscal 2026, we further fortified our competitive position by driving market share gains across our segments. AZZ continued to win by delivering superior customer service and operating with discipline and consistency, while leveraging our proprietary technologies and galvanizing research capabilities to create differentiated value. Throughout the year, we made organic investments across both of our segments to enhance operating efficiencies and support our long-term growth. A key milestone was the completion of our Greenfield pre-coat metals facility in Washington, Missouri. This investment advances our organic growth strategy and strengthens our pre-coat metals segment, expanding AZZ's participation in the growing aluminum coatings and beverage-related end markets. We further expanded our metal coatings platform last year through the acquisition of a galvanizing facility in Canton, Ohio, which extended our footprint and broadened our service offering for new and existing customers. At the same time, We continue to evaluate acquisition opportunities through a disciplined capital allocation framework while growing an active strategic pipeline of deals. Jason will cover our fourth quarter results in detail, so I'll focus my remaining comments on the significant secular tailwinds that continue to propel our long-term growth. We're seeing momentum across our end markets driven by infrastructure-related investment themes that are reshaping the industrial landscape. These include industrial reshoring, bridge and highway investments, hyperscale data center expansion, investments in power generation, transmission and distribution, and continued growth in renewable energy. Each of these trends are structural, multi-year, and increasingly central to our customers' capital spending priorities. As we've seen throughout the year, these markets rely heavily on galvanized steel and coated metal solutions. areas where AZZ brings meaningful scale, deep coding experience, operational reliability, and exceptional value. Our diversified portfolio positions us uniquely to be able to support large-scale, complex projects across multiple end markets and states, often simultaneously, and to do so with consistency and speed. Together, these demand drivers in our differentiated operating model allows AZZ to capture market share and deepen existing customer relationships. Dave will share additional details on how industry dynamics translate into project activity in just a moment. We continue to drive incremental improvements across our network using our digital galvanizing system at metal coating plants and COAZO in pre-coated metals. These systems strengthen customer engagement while driving productivity and margin improvement across our operations. Together, these custom digital capabilities reinforce our competitive advantages and support consistent profitable growth. With that, I'll turn it over to Jason.
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