Metal coating services firm AZZ Q2 adjusted EBITDA misses estimates

Overview * AZZ Inc 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 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: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (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.)

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