2024 Q4 Form 10-Q Financial Statement

#000000894724000222 Filed on October 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $409.0M
YoY Change 2.63%
Cost Of Revenue $305.5M
YoY Change 1.39%
Gross Profit $103.5M
YoY Change 6.45%
Gross Profit Margin 25.31%
Selling, General & Admin $35.87M
YoY Change -1.02%
% of Gross Profit 34.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.43M
YoY Change 1.12%
% of Gross Profit 19.73%
Operating Expenses $35.87M
YoY Change -1.02%
Operating Profit $67.65M
YoY Change 10.88%
Interest Expense $21.91M
YoY Change -21.11%
% of Operating Profit 32.39%
Other Income/Expense, Net $417.0K
YoY Change 373.86%
Pretax Income $47.63M
YoY Change 38.87%
Income Tax $12.21M
% Of Pretax Income 25.64%
Net Earnings $35.42M
YoY Change 25.01%
Net Earnings / Revenue 8.66%
Basic Earnings Per Share $1.19
Diluted Earnings Per Share $1.18
COMMON SHARES
Basic Shares Outstanding 29.88M shares 29.85M shares
Diluted Shares Outstanding 30.06M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.152M
YoY Change 2.48%
Cash & Equivalents $2.152M
Short-Term Investments
Other Short-Term Assets $13.86M
YoY Change 32.0%
Inventory $115.2M
Prepaid Expenses
Receivables $153.1M
Other Receivables $22.80M
Total Short-Term Assets $401.2M
YoY Change -2.13%
LONG-TERM ASSETS
Property, Plant & Equipment $569.7M
YoY Change 10.31%
Goodwill $705.7M
YoY Change 0.03%
Intangibles $433.9M
YoY Change -7.09%
Long-Term Investments $97.77M
YoY Change 14.35%
Other Assets $4.352M
YoY Change -24.97%
Total Long-Term Assets $1.839B
YoY Change 1.91%
TOTAL ASSETS
Total Short-Term Assets $401.2M
Total Long-Term Assets $1.839B
Total Assets $2.240B
YoY Change 1.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $108.7M
YoY Change -14.68%
Accrued Expenses $105.5M
YoY Change 45.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $995.0K
YoY Change -83.69%
Total Short-Term Liabilities $217.1M
YoY Change 5.24%
LONG-TERM LIABILITIES
Long-Term Debt $912.6M
YoY Change -8.96%
Other Long-Term Liabilities $52.35M
YoY Change -9.67%
Total Long-Term Liabilities $964.9M
YoY Change -9.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $217.1M
Total Long-Term Liabilities $964.9M
Total Liabilities $1.241B
YoY Change -5.77%
SHAREHOLDERS EQUITY
Retained Earnings $565.5M
YoY Change 3.34%
Common Stock $441.1M
YoY Change 23.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $999.8M
YoY Change
Total Liabilities & Shareholders Equity $2.240B
YoY Change 1.16%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $35.42M
YoY Change 25.01%
Depreciation, Depletion And Amortization $20.43M
YoY Change 1.12%
Cash From Operating Activities $47.49M
YoY Change -33.49%
INVESTING ACTIVITIES
Capital Expenditures $32.10M
YoY Change 24.92%
Acquisitions
YoY Change
Other Investing Activities $744.0K
YoY Change
Cash From Investing Activities -$31.36M
YoY Change 22.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -24.21M
YoY Change -48.38%
NET CHANGE
Cash From Operating Activities 47.49M
Cash From Investing Activities -31.36M
Cash From Financing Activities -24.21M
Net Change In Cash -8.083M
YoY Change 573.58%
FREE CASH FLOW
Cash From Operating Activities $47.49M
Capital Expenditures $32.10M
Free Cash Flow $15.38M
YoY Change -66.34%

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ContractWithCustomerLiability
1000000.0 usd
CY2023Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
76800000 usd
CY2023Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
79300000 usd
CY2023Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1100000 usd
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1300000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
10813000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
13711000 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
7186000 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-13101000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2454000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-7460000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
14648000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-57000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6041000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2544000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
23269000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
15037000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1747000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-226000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2725000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2211000 usd
azz Increase Decrease In Current Assets And Current Liabilities
IncreaseDecreaseInCurrentAssetsAndCurrentLiabilities
8493000 usd
azz Increase Decrease In Current Assets And Current Liabilities
IncreaseDecreaseInCurrentAssetsAndCurrentLiabilities
-21385000 usd
us-gaap Interest Paid Net
InterestPaidNet
41227000 usd
us-gaap Interest Paid Net
InterestPaidNet
51539000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
13703000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
12930000 usd
azz Dividends Accrued But Not Yet Paid
DividendsAccruedButNotYetPaid
0 usd
azz Dividends Accrued But Not Yet Paid
DividendsAccruedButNotYetPaid
2400000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5379000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5579000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
409007000 usd
CY2024Q3 us-gaap Cost Of Revenue
CostOfRevenue
305493000 usd
CY2024Q3 us-gaap Gross Profit
GrossProfit
103514000 usd
CY2024Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
35868000 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
67646000 usd
CY2024Q3 us-gaap Interest Expense
InterestExpense
21909000 usd
CY2024Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1478000 usd
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
417000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
47632000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12213000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
35419000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
822215000 usd
us-gaap Cost Of Revenue
CostOfRevenue
616031000 usd
us-gaap Gross Profit
GrossProfit
206184000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
68789000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
137395000 usd
us-gaap Interest Expense
InterestExpense
44683000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5302000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
621000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
98635000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23614000 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
75021000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
398542000 usd
CY2023Q3 us-gaap Cost Of Revenue
CostOfRevenue
301296000 usd
CY2023Q3 us-gaap Gross Profit
GrossProfit
97246000 usd
CY2023Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
36239000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
61007000 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
27770000 usd
CY2023Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
974000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
88000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
34299000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5967000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
28332000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
789415000 usd
us-gaap Cost Of Revenue
CostOfRevenue
595150000 usd
us-gaap Gross Profit
GrossProfit
194265000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
67762000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
126503000 usd
us-gaap Interest Expense
InterestExpense
56476000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2394000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
50000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
72471000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15617000 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
56854000 usd
CY2024Q3 us-gaap Assets
Assets
2240330000 usd
CY2024Q1 us-gaap Assets
Assets
2195505000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
409007000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
398542000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
822215000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
789415000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
569732000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
541652000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
2900000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
2200000 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
965250000 usd
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1010250000 usd
CY2024Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
52678000 usd
CY2024Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
57508000 usd
CY2024Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
912572000 usd
CY2024Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
952742000 usd
CY2024Q3 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0803
CY2023Q3 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0856
CY2024Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
14300000 usd
CY2024Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
23621000 usd
CY2023Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
28298000 usd
us-gaap Interest Costs Incurred
InterestCostsIncurred
47827000 usd
us-gaap Interest Costs Incurred
InterestCostsIncurred
57260000 usd
CY2024Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1712000 usd
CY2023Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
528000 usd
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
3144000 usd
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
784000 usd
CY2024Q3 us-gaap Interest Expense
InterestExpense
21909000 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
27770000 usd
us-gaap Interest Expense
InterestExpense
44683000 usd
us-gaap Interest Expense
InterestExpense
56476000 usd
CY2024Q3 us-gaap Derivative Assets
DerivativeAssets
0 usd
CY2024Q1 us-gaap Derivative Assets
DerivativeAssets
3410000 usd
CY2024Q3 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
26007000 usd
CY2024Q1 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
31148000 usd
CY2024Q3 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
26694000 usd
CY2024Q1 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
31148000 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
965300000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1010300000 usd
CY2024Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
972500000 usd
CY2023Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1010300000 usd
CY2024Q3 azz Number Of Operating Leases
NumberOfOperatingLeases
148 lease
CY2024Q3 azz Number Of Finance Leases
NumberOfFinanceLeases
55 lease
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
17194000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
19808000 usd
CY2024Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
4859000 usd
CY2024Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
3931000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5579000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5893000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
12284000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
14606000 usd
CY2024Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
995000 usd
CY2024Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
766000 usd
CY2024Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
3979000 usd
CY2024Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
3221000 usd
CY2024Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1794000 usd
CY2023Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1834000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
3561000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
3654000 usd
CY2024Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
410000 usd
CY2023Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
373000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
628000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1895000 usd
CY2024Q3 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
0 usd
CY2023Q3 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
-1294000 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
0 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
-1302000 usd
CY2024Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
236000 usd
CY2023Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
92000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
432000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
162000 usd
CY2024Q3 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
83000 usd
CY2023Q3 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
21000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
151000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
37000 usd
CY2024Q3 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1009000 usd
CY2023Q3 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
599000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1419000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
599000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y9M18D
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y1M13D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0462
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0449
CY2024Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M2D
CY2024Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y2M15D
CY2024Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0708
CY2024Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0670
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
3514000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
3541000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
7006000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
7065000 usd
CY2024Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
269000 usd
CY2023Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
101000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
492000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
177000 usd
CY2024Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
83000 usd
CY2023Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
21000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
151000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
37000 usd
CY2024Q3 azz Finance Lease Expense
FinanceLeaseExpense
352000 usd
CY2023Q3 azz Finance Lease Expense
FinanceLeaseExpense
122000 usd
azz Finance Lease Expense
FinanceLeaseExpense
643000 usd
azz Finance Lease Expense
FinanceLeaseExpense
214000 usd
CY2024Q3 us-gaap Lease Cost
LeaseCost
3866000 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
3663000 usd
us-gaap Lease Cost
LeaseCost
7649000 usd
us-gaap Lease Cost
LeaseCost
7279000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3259000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
665000 usd
CY2024Q3 azz Lessee Operating Lease Liability And Finance Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityAndFinanceLeaseLiabilityPaymentsDueNextTwelveMonths
3924000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5912000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1263000 usd
CY2024Q3 azz Lessee Operating Lease Liability And Finance Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityAndFinanceLeaseLiabilityPaymentsDueYearTwo
7175000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4598000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
1224000 usd
CY2024Q3 azz Lessee Operating Lease Liability And Finance Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityAndFinanceLeaseLiabilityPaymentsDueYearThree
5822000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2542000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
1137000 usd
CY2024Q3 azz Lessee Operating Lease Liability And Finance Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityAndFinanceLeaseLiabilityPaymentsDueYearFour
3679000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1918000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
920000 usd
CY2024Q3 azz Lessee Operating Lease Liability And Finance Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityAndFinanceLeaseLiabilityPaymentsDueYearFive
2838000 usd
CY2024Q3 azz Lessee Operating Lease Liability To Be Paid Year Six
LesseeOperatingLeaseLiabilityToBePaidYearSix
462000 usd
CY2024Q3 azz Finance Lease Liability To Be Paid Year Six
FinanceLeaseLiabilityToBePaidYearSix
499000 usd
CY2024Q3 azz Lessee Operating Lease Liability And Finance Lease Liability Payments Year Six
LesseeOperatingLeaseLiabilityAndFinanceLeaseLiabilityPaymentsYearSix
961000 usd
CY2024Q3 azz Lessee Operating Lease Liability To Be Paid Thereafter
LesseeOperatingLeaseLiabilityToBePaidThereafter
796000 usd
CY2024Q3 azz Finance Lease Liability To Be Paid Thereafter
FinanceLeaseLiabilityToBePaidThereafter
170000 usd
CY2024Q3 azz Lessee Operating Lease Liability And Finance Lease Liability To Be Paid Thereafter
LesseeOperatingLeaseLiabilityAndFinanceLeaseLiabilityToBePaidThereafter
966000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
19487000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
5878000 usd
CY2024Q3 azz Lessee Operating Lease Liability And Finance Lease Liability Payments Due
LesseeOperatingLeaseLiabilityAndFinanceLeaseLiabilityPaymentsDue
25365000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1624000 usd
CY2024Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
904000 usd
CY2024Q3 azz Lessee Operating Lease Liability And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityAndFinanceLeaseLiabilityUndiscountedExcessAmount
2528000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
17863000 usd
CY2024Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
4974000 usd
CY2024Q3 azz Lessee Operating Lease Liability And Finance Lease Liability
LesseeOperatingLeaseLiabilityAndFinanceLeaseLiability
22837000 usd
CY2024Q3 us-gaap Sublease Income
SubleaseIncome
254000 usd
CY2023Q3 us-gaap Sublease Income
SubleaseIncome
248000 usd
us-gaap Sublease Income
SubleaseIncome
509000 usd
us-gaap Sublease Income
SubleaseIncome
488000 usd
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.256
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.239
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.215
CY2024Q1 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
312500000 usd
us-gaap Dividends
Dividends
3600000 usd
us-gaap Dividends
Dividends
7200000 usd
CY2024Q2 azz Preferred Stock Conversion Rate Maximum
PreferredStockConversionRateMaximum
0.25
CY2024Q2 azz Percentage Of Common Stock Price Excess Of Conversion Price
PercentageOfCommonStockPriceExcessOfConversionPrice
1.85
CY2024Q2 azz Number Of Trading Days For Conversion
NumberOfTradingDaysForConversion
P20D
CY2024Q3 azz Net Ebitda Ratio
NetEBITDARatio
5.5
CY2024Q3 azz Net Ebitda Ratio
NetEBITDARatio
5.5
CY2024Q3 azz Acquisition Total Consideration Minimum Threshold
AcquisitionTotalConsiderationMinimumThreshold
250000000.0 usd
CY2024Q3 azz Acquisition Market Capitalization Threshold
AcquisitionMarketCapitalizationThreshold
2000000000.0 usd
CY2024Q3 azz Acquisition Total Consideration Minimum Threshold When Market Capitalization Exceeds Two Billion
AcquisitionTotalConsiderationMinimumThresholdWhenMarketCapitalizationExceedsTwoBillion
500000000.0 usd
CY2024Q3 us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
-2723000 usd
CY2024Q3 us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
1113000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-3836000 usd
us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
-787000 usd
us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
2214000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-3001000 usd
CY2023Q3 us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
2665000 usd
CY2023Q3 us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
939000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1726000 usd
us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
247000 usd
us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
1488000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1241000 usd
CY2024Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1711000 usd
CY2023Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1759000 usd
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
3414000 usd
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
3517000 usd
CY2024Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1491000 usd
CY2023Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1488000 usd
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
2975000 usd
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
2975000 usd
CY2024Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-220000 usd
CY2023Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-271000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-439000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-542000 usd
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
5600000 usd
CY2024Q3 us-gaap Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsRemainderOfFiscalYear
2200000 usd
CY2023Q4 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
5500000 usd
CY2023Q4 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
5500000 usd
CY2024Q3 us-gaap Loss Contingency Receivable Current
LossContingencyReceivableCurrent
5200000 usd
CY2024Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
5250000 usd
CY2024Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
5250000 usd
CY2024Q3 azz Environmental Liability
EnvironmentalLiability
20400000 usd
CY2024Q3 azz Environmental Liability Current
EnvironmentalLiabilityCurrent
2800000 usd
azz Area Of Facility
AreaOfFacility
25 acre
CY2024Q3 azz Unrecorded Unconditional Purchase Obligation Percentage Of Output Under Take Or Pay Contract
UnrecordedUnconditionalPurchaseObligationPercentageOfOutputUnderTakeOrPayContract
0.75
CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
124000000 usd
CY2024 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
60800000 usd
CY2024Q3 us-gaap Other Commitment
OtherCommitment
27600000 usd
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.256
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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0000008947-24-000222-index-headers.html Edgar Link pending
0000008947-24-000222-index.html Edgar Link pending
0000008947-24-000222.txt Edgar Link pending
0000008947-24-000222-xbrl.zip Edgar Link pending
azz-20240831.htm Edgar Link pending
azz-20240831.xsd Edgar Link pending
azz-20240831_g1.jpg Edgar Link pending
ex31120240831.htm Edgar Link pending
ex31220240831.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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azz-20240831_cal.xml Edgar Link unprocessable
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FilingSummary.xml Edgar Link unprocessable