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AZZ Incorporated (AZZ)

Industrials Specialty Business Services
147.30 $
Closing price · As of: 20. Jul 2026
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AZZ Stock: An All-Time High at 15 Times Earnings — but Two-Thirds of the Record Profit Was a One-Off

AZZ galvanizes America's steel and coats its coil — and lights up 12 filters in our in-house stock scanner, almost all of them trend and momentum (scanner run of July 17, 2026). We read the annual reports (10-K) for fiscal years 2025 and 2026 and the fresh quarterly report (10-Q) as of May 31, 2026: a record profit of $317.3 million of which $204.5 million came from the partial sales of a joint venture, earnings per share that fell 69.6 percent in the latest quarter, a balance sheet healthier than it has been in years — and a screener P/E around 15 that knows none of this story. Not investment advice — just the arithmetic of what remains of a record profit once you subtract the sale.

Appears in These Scanners

This stock currently matches 13 of our scanner strategies — each hit links to the scanner.

Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners

Basics

Market Cap
4.8Mrd. $
Shares Outstanding
30Mio.
Float
97.6%
Beta
1.1

Performance

Perf. 1M
8.80%
Perf. 3M
24.40%
Perf. 6M
37.40%
YTD Performance (%)
42.90%
52-Week-High Distance
-1.3%

Valuation

P/E
14.9
Forward P/E
22.1
PEG
1.2
P/B
3.6
P/S
2.9
EV/EBITDA
8.9
Price/FCF
28.4

Profitability

Gross Margin
23.9%
EBIT Margin
15.4%
Net Margin
19.2%
Return on Equity
26.6%
Return on Assets
7.6%

Balance Sheet & Safety

Equity Ratio
60.4%
Debt/Equity
0.9
fortress balance sheet
Altman Z
8.08
Piotroski
7 von 9

Growth

Sales Growth Last Quarter
9.40%
EPS Growth Last Quarter
-21.80%
Sales Growth (Year)
4.58%
Forward Sales Growth
4.76%
Forward EPS Growth
11.60%

Dividend

Dividend Yield
0.64%
Dividend Per Share (TTM)
0.80$
Payout Ratio
19.8%
Years Without a Cut
12Years
Increase Streak
1Years

Quality & Screener

Stage
2
RS Rating
81
EPS Rating
22
Piotroski
7 von 9
Fundamental Rating
C (+7 von 100)
fortress balance sheet
Altman Z
8.08

AI Rating

Neutral

Geprüft am 17.07.2026 gegen die Geschäftsberichte (10-K) für die Geschäftsjahre 2026 (eingereicht 22.04.2026) und 2025 (21.04.2025) sowie die vier jüngsten Quartalsberichte (10-Q, zum 31.05.2026, 30.11.2025, 31.08.2025 und 31.05.2025): In den ausgewerteten SEC-Filings von AZZ findet sich kein einziger Treffer zu „artificial intelligence“, „machine learning“, „generative“, „LLM“ oder verwandten Begriffen — weder als Umsatzquelle noch als operativer Einsatz noch als konkretes Geschäftsrisiko. AZZ ist ein Feuerverzinkungs- und Coil-Coating-Anbieter (42 Verzinkungswerke, 14 Bandbeschichtungswerke); die Filings behandeln Zink-, Erdgas- und Farbkosten, das AVAIL-Joint-Venture und die Entschuldung, aber keinerlei KI-Bezug. Nach dem Kriterienkatalog dokumentierter Negativ-Befund: „neutral“.

View the full file — quotes, sources, reviewed filings

Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.

Sales Per Quarter ($M)
2024: Q4 · 403.7 Mio. $ Q4 2025: Q1 · 351.9 Mio. $ Q1 2025: Q2 · 422.0 Mio. $ Q2 2025: Q3 · 417.3 Mio. $ Q3 2025: Q4 · 425.7 Mio. $ Q4 2026: Q1 · 385.1 Mio. $ Q1 2026: Q2 · 448.5 Mio. $ Q2
Earnings Per Share Per Quarter ($)
2024: Q4 · 1.12 $ Q4 2025: Q1 · 0.67 $ Q1 2025: Q2 · 5.66 $ Q2 2025: Q3 · 2.95 $ Q3 2025: Q4 · 1.36 $ Q4 2026: Q1 · 0.53 $ Q1 2026: Q2 · 1.72 $ Q2
Net Margin Per Quarter (%)
2024: Q4 · 8.3 % Q4 2025: Q1 · 5.7 % Q1 2025: Q2 · 40.5 % Q2 2025: Q3 · 21.4 % Q3 2025: Q4 · 9.6 % Q4 2026: Q1 · 4.1 % Q1 2026: Q2 · 11.6 % Q2
Operating Cash Flow Per Quarter ($M)
2024: Q4 · 66.2 Mio. $ Q4 2025: Q1 · 64.3 Mio. $ Q1 2025: Q2 · 314.8 Mio. $ Q2 2025: Q3 · 58.4 Mio. $ Q3 2025: Q4 · 79.7 Mio. $ Q4 2026: Q1 · 72.6 Mio. $ Q1 2026: Q2 · 37.1 Mio. $ Q2
Free Cash Flow Per Quarter ($M)
2024: Q4 · 39.7 Mio. $ Q4 2025: Q1 · 34.4 Mio. $ Q1 2025: Q2 · 293.9 Mio. $ Q2 2025: Q3 · 39.1 Mio. $ Q3 2025: Q4 · 61.2 Mio. $ Q4 2026: Q1 · 50.5 Mio. $ Q1 2026: Q2 · 18.4 Mio. $ Q2
Sales Growth vs. Year-Ago Quarter (%)
2024: Q4 · 5.8 % Q4 2025: Q1 · -4.0 % Q1 2025: Q2 · 2.1 % Q2 2025: Q3 · 2.0 % Q3 2025: Q4 · 5.5 % Q4 2026: Q1 · 9.4 % Q1 2026: Q2 · 6.3 % Q2
EPS Growth vs. Year-Ago Quarter (%)
2024: Q4 · 21.7 % Q4 2025: Q1 · -5.0 % Q1 2025: Q2 · 282.1 % Q2 2025: Q3 · 150.7 % Q3 2025: Q4 · 21.9 % Q4 2026: Q1 · -21.1 % Q1 2026: Q2 · -69.6 % Q2
Price Change in Quarter (%)
2024: Q4 · -0.6 % Q4 2025: Q1 · 2.3 % Q1 2025: Q2 · 13.2 % Q2 2025: Q3 · 15.7 % Q3 2025: Q4 · -1.6 % Q4 2026: Q1 · 16.9 % Q1

Quarterly Figures

Quarterly Figures
Quarter EPS (Earnings Per Share) EPS YoY (%) Sales ($M) Sales YoY (%) Net Margin (%) OCF ($M) FCF ($M)
2024: Q4 1.12 21.70 404 5.80 8.30 66 40
2025: Q1 0.67 -5.00 352 -4.00 5.70 64 34
2025: Q2 5.66 282.10 422 2.10 40.50 315 294
2025: Q3 2.95 150.70 417 2.00 21.40 58 39
2025: Q4 1.36 21.90 426 5.50 9.60 80 61
2026: Q1 0.53 -21.10 385 9.40 4.10 73 51
2026: Q2 1.72 -69.60 449 6.30 11.60 37 18
What Do These Terms Mean?
EPS (Earnings Per Share):
Quarterly profit divided by the total share count — how much of the profit works out to a single share.
YoY (Year over Year):
Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
Sales:
All revenue for the quarter, before any costs are deducted — the top line of the income statement.
Net Margin:
What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
OCF (Operating Cash Flow):
The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
FCF (Free Cash Flow):
Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.

Assessment: Opportunities & Risks

Business model & market position

North America's largest independent hot-dip galvanizer (42 plants) plus a leading coil coating network (14 plants); recurring corrosion-protection demand, an adjusted EBITDA margin above 30 percent in the galvanizing segment and infrastructure tailwind (+12.3 percent segment growth in the quarter through May 31, 2026; 10-Q).

Balance sheet & deleveraging

Of the $1.3 billion acquisition loan, $335 million remains; net interest expense nearly halved since fiscal 2024 ($107.1 million to $55.7 million), net leverage 1.4 times EBITDA (May 31, 2026), Piotroski 7 of 9, Altman Z around 8 — the AVAIL distributions went into debt repayment with discipline.

Earnings quality FY 2026

$204.5 million of the $317.3 million net income is a one-off from the AVAIL partial sales (adjusted $6.19 versus reported $10.50 per share); in the quarter through May 31, 2026, reported EPS fell 69.6 percent, and two more quarters of distorted comparison bases are still ahead (10-K FY 2026, 10-Q).

Residual AVAIL stake

The record year's profit source is largely exhausted: carrying value down to $20.0 million, a $45.9 million impairment in the second quarter of fiscal 2026, plus a $9.6 million adjustment for accounting errors in Brazil — in a minority stake without decision-making authority (10-K FY 2026, Note 18 and Item 1A).

Valuation & technicals

A stage-2 trend, 12 scanner hits and just over 3 percent distance to the all-time high meet a screener P/E around 15 that honestly computed sits at 23 to 26 (TTM through May 2026, adjusted and guidance-midpoint bases); insiders sold nine times recently and bought zero times (data as of July 10, 2026; scanner run July 17, 2026).

Bottom Line

AZZ is the rare combination of momentum stock and boredom business: America's rust-protection market leader used the AVAIL proceeds to deleverage in record time, grows organically in the single digits and is riding twelve scanner hits toward its all-time high. But the rally's valuation anchor — the trailing P/E around 15 — consists to two-thirds of a gain on sale that will not repeat: honestly computed, the stock costs 23 to 26 times earnings, and three quarters of ugly comparisons are still ahead. Solid company, sporty price, misleading anchor. Not investment advice.

Worth Noting:
  • AZZ reached the research list through the momentum confluence of 12 hits in our in-house stock scanner (scanner run of July 17, 2026), including Stan Weinstein stage 2, near 52-week high and the Pradeep Bonde breakout — no Reddit hype, pure technicals.
  • Scanner metrics (P/E, P/S, Piotroski, Altman Z, fundamental grade, earnings rating) are computed from trailing twelve-month figures through the quarter ended February 28, 2026; the one-off from the AVAIL sales is included, the quarterly report of July 8, 2026 naturally is not yet.
  • Price and valuation figures dated July 10, 2026 (about $160, about $4.8 billion market value); analyses are evergreen, daily prices are not a buy argument. AZZ's fiscal year ends at the end of February — every quarterly figure carries the fiscal-year offset.

About the Company

AZZ Inc. bietet Feuerverzinkungs- und Coil-Coating-Lösungen in Nordamerika an.

CEO Insider Trades (12 Mo.)selling own stock
Employees3,767
HeadquartersFort Worth, TX
Websiteazz.com
IPO Date7. Sep 1984
Next Earnings8. Jul 2026

Management

Management
Name Title Birth Year
Thomas E. Ferguson President, CEO & Director 1956
Jason Crawford B.A., M.B.A. Chief Financial Officer 1973
Tara D. Mackey Chief Legal Officer & Corporate Secretary 1970
Jeffrey Vellines President & COO of the Precoat Metals Business Segment 1974
David Nark Chief Marketing, Communications & Investor Relations Officer 1968
Haley Graves Vice President of Corporate Human Resources 1971
Todd Bella President of Metal Coatings 1980

Executives per the latest required filings; titles kept in their original language. Source: fundamental data.

Chart

Interactive price chart (TradingView).

Data as of: July 20, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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