AZZ Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.65B | $1.58B | $1.54B | $1.32B | $525.6M | $480.6M | $1.06B | $927.1M |
| Cost of Revenue | $1.26B | $1.20B | $1.17B | $1.03B | $379.4M | $357.7M | $824.6M | $728.5M |
| Gross Profit | $395.0M | $382.7M | $363.5M | $295.9M | $146.2M | $122.9M | $237.2M | $198.6M |
| Gross Margin | 23.9% | 24.3% | 23.6% | 22.4% | 27.8% | 25.6% | 22.3% | 21.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $130.3M | $146.3M | $141.9M | $122.3M | $66.9M | $59.3M | $139.3M | $121.7M |
| Operating Income | $264.6M | $236.4M | $221.6M | $173.6M | $79.2M | $47.5M | $79.3M | $77.0M |
| Operating Margin | 16.0% | 15.0% | 14.4% | 13.1% | 15.1% | 9.9% | 7.5% | 8.3% |
| Interest Expense | $55.7M | $81.3M | $107.1M | $88.8M | $6.4M | $9.5M | $13.5M | $15.0M |
| Pretax Income | $420.3M | $170.7M | $130.1M | $88.7M | $73.0M | $38.4M | $64.9M | $63.0M |
| Income Tax Expense | $103.1M | $41.9M | $28.5M | $22.3M | $23.2M | $11.2M | $16.7M | $11.8M |
| Net Income | $317.3M | $128.8M | $101.6M | $-53.0M | $84.0M | $39.6M | $48.2M | $51.2M |
| Net Margin | 19.2% | 8.2% | 6.6% | -4.0% | 16.0% | 8.2% | 4.5% | 5.5% |
| EPS (Basic) | $10.59 | $1.80 | $3.48 | $-2.47 | $3.38 | $1.53 | $1.84 | $1.97 |
| EPS (Diluted) | $10.50 | $1.79 | $3.46 | $-2.45 | $3.35 | $1.52 | $1.84 | $1.96 |
| Shares Outstanding (Basic) | 30.0M | 29.1M | 25.0M | 24.8M | 24.9M | 25.9M | 26.2M | 26.0M |
| Shares Outstanding (Diluted) | 30.2M | 29.3M | 25.2M | 25.0M | 25.1M | 26.0M | 26.3M | 26.1M |
| Dividends Per Share | $0.77 | $0.68 | $0.68 | $0.68 | $0.68 | $0.68 | $0.68 | $0.68 |