10-Q · October 13, 2026
AZZ delivered strong underlying operating performance in the quarter, with revenue up 16.7% to $486.9 million and operating income up 22.4% to $83.8 million, led by double-digit growth in both Metal Coatings and Precoat…
Earnings analysis · 10-Q
AZZ earnings analysis
Filed October 15, 2026 · Our reading of the company's report
The latest report
This Form 10-Q/A is narrowly scoped to add the omitted issuer-purchases disclosure and does not change AZZ's previously reported financial results. AZZ repurchased 136,303 shares at an average price of $146.71, leaving…
Read full summary
This Form 10-Q/A is narrowly scoped to add the omitted issuer-purchases disclosure and does not change AZZ's previously reported financial results. AZZ repurchased 136,303 shares at an average price of $146.71, leaving $13.194 million under the 2020 authorization and $100.0 million available under the 2026 program. The amendment provides no new revenue, margin, EPS, cash-flow, segment, risk-factor, or numeric guidance information.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
-
Repurchase disclosure completed
The amendment adds the monthly issuer-purchases disclosure for the six months ended August 31, 2026. AZZ repurchased 136,303 shares at an average price of $146.71 per share.
-
$13.2 million remains under 2020 plan
Repurchases under the 2020 Authorization totaled 136,303 shares, reducing the remaining authorization to $13.194 million as of August 31, 2026.
-
New $100 million program unused
AZZ reported that no shares were repurchased under the 2026 Share Repurchase Program during the six months ended August 31, 2026; the full $100.0 million authorization remained available at August 31, 2026.
-
No change to reported results
The amendment states that it does not amend or modify other information in the original Form 10-Q and does not affect previously reported financial results.
What to watch
-
Limited legacy repurchase capacity
The 2020 repurchase authorization had only $13.194 million remaining as of August 31, 2026, limiting additional capacity under that program relative to the $100 million originally authorized.
-
Repurchase timing exposure
AZZ repurchased 136,303 shares at an average price of $146.71 during the six months ended August 31, 2026, creating capital-allocation and share-price timing exposure.
-
Annual buyback limitation
The company has two repurchase authorizations subject to a stated limit that repurchases may not exceed 6% of market capitalization per fiscal year, which may constrain future buybacks.
Management's outlook
The filing is Form 10-Q/A Amendment No. 1 and only adds the omitted issuer-purchases disclosure; it does not provide new financial results, outlook, or quantitative guidance. The amendment states that previously reported financial results were unaffected.
Earlier filings 4
10-Q · July 8, 2026
AZZ reported Q1 FY2027 earnings of $422 million in revenue, slightly below estimates but significantly above the $1.68 EPS consensus, reporting EPS of $5.66. Operating cash flow was strong at $37.1 million, despite a…
10-K · April 22, 2026
AZZ’s 10-K frames the company as North America’s leading independent post‑fabrication hot‑dip galvanizing and coil‑coating provider, with a stated strategy to drive profitable growth in Metal Coatings and Precoat Metals…
10-Q · January 7, 2026
AZZ reported Q3 sales of $425,746 (thousands), up $22,092 (5.5%) versus the prior-year quarter, with gross margin of $101,941 (23.9%) and operating income of $69,479 (16.3%). Diluted EPS was $1.36, above last year’s…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.