FORT
WORTH, Texas, Oct. 3, 2024
/PRNewswire/ -- AZZ Inc. (NYSE: AZZ), the leading
independent provider of hot-dip galvanizing and coil coating
solutions, today announced its Board of Directors has authorized a
second quarter cash dividend in the amount of $0.17 per share on the Company's outstanding
shares of common stock. The dividend is payable on
November 1, 2024, to shareholders of
record as of the close of business on October 18, 2024.
While AZZ currently intends to pay regular quarterly cash
dividends for the foreseeable future, any future dividends will be
reviewed on an individual basis and declared by the Board of
Directors at its discretion. AZZ remains committed to enhancing
shareholder value based upon its consideration of various factors,
including operating results, financial condition, and business
outlook at the applicable time.
About AZZ Inc.
AZZ Inc. is the leading independent provider of hot-dip
galvanizing and coil coating solutions to a broad range of
end-markets. Collectively, our business segments provide
sustainable, unmatched metal coating solutions that enhance the
longevity and appearance of buildings, products and infrastructure
that are essential to everyday life.
Safe Harbor Statement
Certain statements herein about our expectations of future
events or results constitute forward-looking statements for
purposes of the safe harbor provisions of The Private Securities
Litigation Reform Act of 1995. You can identify forward-looking
statements by terminology such as "may," "could," "should,"
"expects," "plans," "will," "might," "would," "projects,"
"currently," "intends," "outlook," "forecasts," "targets,"
"anticipates," "believes," "estimates," "predicts," "potential,"
"continue," or the negative of these terms or other comparable
terminology. Such forward-looking statements are based on currently
available competitive, financial, and economic data and
management's views and assumptions regarding future events. Such
forward-looking statements are inherently uncertain, and investors
must recognize that actual results may differ from those expressed
or implied in the forward-looking statements. Forward-looking
statements speak only as of the date they are made and are subject
to risks that could cause them to differ materially from actual
results. Certain factors could affect the outcome of the matters
described herein. This press release may contain
forward-looking statements that involve risks and uncertainties
including, but not limited to, changes in customer demand for our
manufactured solutions, including demand by the construction
markets, the industrial markets, and the metal coatings markets. We
could also experience additional increases in labor costs,
components and raw materials including zinc and natural gas, which
are used in our hot-dip galvanizing process; supply-chain vendor
delays; customer requested delays of our manufactured solutions;
delays in additional acquisition opportunities; an increase in our
debt leverage and/or interest rates on our debt, of which a
significant portion is tied to variable interest rates;
availability of experienced management and employees to implement
AZZ's growth strategy; a downturn in market conditions in any
industry relating to the manufactured solutions that we provide;
economic volatility, including a prolonged economic downturn or
macroeconomic conditions such as inflation or changes in the
political stability in the United
States or Canada; acts of
war or terrorism inside the United
States or abroad; and other changes in economic and
financial conditions. AZZ has provided additional information
regarding risks associated with the business, including in Part I,
Item 1A. Risk Factors, in AZZ's Annual Report on Form 10-K for the
fiscal year ended February 29,
2024, and other filings with the SEC, available for viewing on
AZZ's website at www.azz.com and on the SEC's website at
www.sec.gov. You are urged to consider these factors carefully when
evaluating the forward-looking statements herein and are cautioned
not to place undue reliance on such forward-looking statements,
which are qualified in their entirety by this cautionary statement.
These statements are based on information as of the date hereof
and AZZ assumes no obligation to update any forward-looking
statements, whether as a result of new information, future events,
or otherwise.
Company Contact:
David
Nark, Senior Vice President of Marketing, Communications, and
Investor Relations
AZZ Inc.
(817) 810-0095
www.azz.com
Investor Contact:
Sandy
Martin, Phillip Kupper
Three Part Advisors
(214) 616-2207
www.threepa.com
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SOURCE AZZ, Inc.