AZZ Inc 2026年季度报告

Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to suchfiling requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or anemerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒As of January2, 2026, the registrant had outstanding 29,855,666 shares of common stock; $1.00 par value per share. PARTI.FINANCIAL INFORMATION Item1.Financial Statements(Unaudited)Condensed Consolidated Balance SheetsCondensed Consolidated Statements of OperationsCondensed Consolidated Statements of Comprehensive Income (Loss)Condensed Consolidated Statements of Cash FlowsCondensed Consolidated Statements of Changes in Shareholders'EquityNotes to Condensed Consolidated Financial StatementsItem2.Management's Discussion and Analysis of Financial Condition and Results of OperationsItem3.Quantitative and Qualitative Disclosures About Market RiskItem4.Controls and Procedures AZZ INC.CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands, except par value) AZZ INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 1. The Company and Basis of Presentation AZZ Inc. ("AZZ", the "Company", "our" or "we") was established in 1956 and incorporated under the laws of the state of Texas. Weare a provider of hot-dip galvanizing and coil coating solutions to a broad range of end markets in North America. We have three distinctoperating segments: the AZZ Metal Coatings segment, the AZZ Precoat Metals segment, and the AZZ Infrastructure Solutions segment. OurAZZ Metal Coatings segment is a leading provider of metal coating solutions for corrosion protection, including hot-dip galvanizing, spingalvanizing, powder coating, anodizing and plating to the North American steel fabrication industry and other industries. The AZZ PrecoatMetals segment provides aesthetic and corrosion protective coatings and related value-added services for steel and aluminum coil, primarily Presentation The accompanying condensed consolidated balance sheet as of February28, 2025, was derived from audited financial statements. Theunaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in theUnited States of America ("U.S. GAAP") for interim financial information and in accordance with the instructions to Form 10-Q and Article 10of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete consolidatedfinancial statements. These financial statements should be read in conjunction with the audited financial statements and related notes for the Our fiscal year ends on the last day of February and is identified as the fiscal year for the calendar year in which it ends. For example,the fiscal year ending February 28, 2026, is referred to as fiscal 2026. In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments,consisting only of normal recurring adjustments, which are necessary to present fairly the financial position of the Company as ofNovember30, 2025, and the results of its operations and cash flows for the three and nine months ended November30, 2025 and 2024. The Accounting Pronouncements Not Yet Adopted In September 2025, the FASB issued ASU No. 2025-06Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40):Targeted Improvements to the Accounting for Internal-Use Software("ASU 2025-06") which updates the accounting for software costs that areaccounted for under Subtopic 350-40, Intangibles—Goodwill and Other—Internal-Use Software (referred to as "internal-use software"). ASU2025-06 will be effective for annual periods beginning after December 15, 2027 and interim reporting periods within those annual periods