AZZ Inc. (NYSE: AZZ), a leading provider of galvanizing and coil coating solutions, saw its shares decline more than 4% intra-day on Thursday after posting fiscal second-quarter 2026 results that came in below analyst expectations.
The company reported adjusted earnings per share of $1.55 for the quarter ended August 31, missing consensus estimates of $1.59. Revenue rose 2% year-over-year to $417.3 million but fell short of expectations of $428.79 million.
Results reflected uneven performance across business units. Metal Coatings revenue climbed 10.8% to $190.0 million, driven by stronger demand in construction, industrial, and electrical transmission markets. However, Precoat Metals sales declined 4.3% to $227.3 million due to ongoing weakness in building construction, HVAC, and appliance sectors.
AZZ maintained its full-year fiscal 2026 guidance, forecasting revenue of $1.625 billion to $1.725 billion and adjusted EPS between $5.75 and $6.25, consistent with consensus expectations of $1.664 billion in revenue and $6.04 EPS.
The company reported consolidated adjusted EBITDA of $88.7 million, or 21.3% of sales, compared with $91.9 million, or 22.5%, in the same period last year. Operating cash flow improved 23% to $58.4 million from $47.5 million a year earlier.
