$AZZ
AZZ INC

2014 Q4 Form 10-Q Financial Statement

#000000894715000003 Filed on January 09, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2013 Q4 2013 Q3
Revenue $224.8M $197.8M $189.8M
YoY Change 13.69% 32.12% 23.73%
Cost Of Revenue $164.1M $144.4M $133.9M
YoY Change 13.62% 37.95% 21.63%
Gross Profit $60.78M $53.36M $55.91M
YoY Change 13.89% 18.57% 29.08%
Gross Profit Margin 27.03% 26.98% 29.46%
Selling, General & Admin $27.85M $28.11M $26.18M
YoY Change -0.95% 57.1% 66.02%
% of Gross Profit 45.82% 52.68% 46.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.70M $11.00M $10.90M
YoY Change 6.36% 39.24% 47.3%
% of Gross Profit 19.25% 20.61% 19.5%
Operating Expenses $27.85M $28.11M $26.18M
YoY Change -0.95% 57.1% 66.02%
Operating Profit $32.93M $25.25M $29.73M
YoY Change 30.42% -24.41% -9.61%
Interest Expense $4.099M $4.615M $4.651M
YoY Change -11.18% 42.68% 44.1%
% of Operating Profit 12.45% 18.28% 15.65%
Other Income/Expense, Net -$1.322M -$93.80K -$117.4K
YoY Change 1309.35% -120.67% -139.87%
Pretax Income $28.68M $27.91M $25.82M
YoY Change 2.74% 15.48% 4.98%
Income Tax $8.713M $9.467M $9.454M
% Of Pretax Income 30.38% 33.92% 36.62%
Net Earnings $19.97M $18.45M $16.36M
YoY Change 8.24% 20.05% 3.09%
Net Earnings / Revenue 8.88% 9.33% 8.62%
Basic Earnings Per Share $0.78 $0.72 $0.64
Diluted Earnings Per Share $0.77 $0.72 $0.64
COMMON SHARES
Basic Shares Outstanding 25.70M shares 25.54M shares 25.49M shares
Diluted Shares Outstanding 25.79M shares 25.72M shares 25.66M shares

Balance Sheet

Concept 2014 Q4 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $44.00M $50.90M $42.00M
YoY Change -13.56% 2.83% -38.86%
Cash & Equivalents $43.95M $50.95M $41.98M
Short-Term Investments
Other Short-Term Assets $13.40M $16.80M $19.10M
YoY Change -20.24% 42.37% 43.61%
Inventory $112.3M $105.9M $101.6M
Prepaid Expenses
Receivables $130.7M $129.3M $131.9M
Other Receivables $34.90M $21.50M $24.00M
Total Short-Term Assets $335.2M $324.4M $318.7M
YoY Change 3.33% 28.67% 21.77%
LONG-TERM ASSETS
Property, Plant & Equipment $196.2M $198.1M $193.3M
YoY Change -0.98% 30.33% 40.05%
Goodwill $281.2M $281.7M $281.9M
YoY Change -0.17% 69.09%
Intangibles $168.7M $184.9M $190.0M
YoY Change -8.77% 78.3%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $646.1M $664.7M $670.5M
YoY Change -2.8% 57.4% 74.11%
TOTAL ASSETS
Total Short-Term Assets $335.2M $324.4M $318.7M
Total Long-Term Assets $646.1M $664.7M $670.5M
Total Assets $981.3M $989.2M $989.2M
YoY Change -0.79% 46.66% 52.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $58.87M $40.91M $42.89M
YoY Change 43.9% 33.8% 53.73%
Accrued Expenses $43.00M $40.90M $34.70M
YoY Change 5.13% 32.79% 32.95%
Deferred Revenue
YoY Change
Short-Term Debt $22.80M $19.90M $18.00M
YoY Change 14.57% 39.16% 25.87%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $168.0M $146.6M $139.0M
YoY Change 14.63% 33.85% 47.72%
LONG-TERM LIABILITIES
Long-Term Debt $355.9M $416.6M $434.5M
YoY Change -14.59% 112.11% 121.21%
Other Long-Term Liabilities $0.00 $9.000M $9.000M
YoY Change -100.0% 3.45% 5.88%
Total Long-Term Liabilities $355.9M $416.6M $434.5M
YoY Change -14.59% 112.11% 112.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $168.0M $146.6M $139.0M
Total Long-Term Liabilities $355.9M $416.6M $434.5M
Total Liabilities $523.9M $563.2M $573.5M
YoY Change -6.98% 84.1% 73.25%
SHAREHOLDERS EQUITY
Retained Earnings $377.0M $332.7M $317.9M
YoY Change 13.31% 16.99%
Common Stock $52.47M $47.29M $45.94M
YoY Change 10.95% 10.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $415.5M $374.5M $358.3M
YoY Change
Total Liabilities & Shareholders Equity $981.3M $989.2M $983.8M
YoY Change -0.79% 46.66% 52.11%

Cashflow Statement

Concept 2014 Q4 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $19.97M $18.45M $16.36M
YoY Change 8.24% 20.05% 3.09%
Depreciation, Depletion And Amortization $11.70M $11.00M $10.90M
YoY Change 6.36% 39.24% 47.3%
Cash From Operating Activities $29.10M $39.40M $15.30M
YoY Change -26.14% 8.24% 9.29%
INVESTING ACTIVITIES
Capital Expenditures -$8.400M -$11.10M -$12.20M
YoY Change -24.32% 58.57% 34.07%
Acquisitions
YoY Change
Other Investing Activities $1.200M $0.00 $1.800M
YoY Change -100.0% -102.63%
Cash From Investing Activities -$7.100M -$11.00M -$10.50M
YoY Change -35.45% -79.05% -86.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -19.80M -19.50M -4.400M
YoY Change 1.54% 529.03% -36.23%
NET CHANGE
Cash From Operating Activities 29.10M 39.40M 15.30M
Cash From Investing Activities -7.100M -11.00M -10.50M
Cash From Financing Activities -19.80M -19.50M -4.400M
Net Change In Cash 2.200M 8.900M 400.0K
YoY Change -75.28% -146.35% -100.57%
FREE CASH FLOW
Cash From Operating Activities $29.10M $39.40M $15.30M
Capital Expenditures -$8.400M -$11.10M -$12.20M
Free Cash Flow $37.50M $50.50M $27.50M
YoY Change -25.74% 16.36% 19.05%

Facts In Submission

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us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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dei Amendment Flag
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dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
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dei Document Period End Date
DocumentPeriodEndDate
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dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
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CY2014Q4 dei Entity Common Stock Shares Outstanding
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dei Entity Filer Category
EntityFilerCategory
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dei Entity Registrant Name
EntityRegistrantName
AZZ INC

Files In Submission

Name View Source Status
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azz-20141130_lab.xml Edgar Link unprocessable
azz-20141130_pre.xml Edgar Link unprocessable
azz2014113010q.htm Edgar Link pending
ex-106rsuagreement20150107.htm Edgar Link pending
ex-107sarawardagreement201.htm Edgar Link pending
ex-108performanceawardagre.htm Edgar Link pending
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report.css Edgar Link pending
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