Overview

* AZZ Inc ( AZZ ) fiscal Q2 sales rise 2% yr/yr to $417.3 mln

* Adjusted EPS for fiscal Q2 of $1.55

* Adjusted EBITDA for fiscal Q2 misses analyst expectations

Outlook

* AZZ maintains FY2026 sales guidance at $1.625 - $1.725 bln

* Company expects FY2026 adjusted EBITDA of $360 - $400 mln

* AZZ projects FY2026 adjusted diluted EPS between $5.75 and $6.25

Result Drivers

* METAL COATINGS GROWTH - Infrastructure-related project spending drove a 10.8% increase in Metal Coatings sales

* PRECOAT METALS DECLINE - Weaker demand in building construction, HVAC, and appliance markets led to a 4.3% sales decline in Precoat Metals

* EBITDA MISS - Adjusted EBITDA decreased due to a slow season in the Welding Services business within AVAIL

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $88.70 $94.90

Adjusted mln mln (9

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the iron & steel peer group is "buy"

* Wall Street's median 12-month price target for AZZ Inc ( AZZ ) is $126.50, about 16.9% above its October 7 closing price of $105.08

* The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)