AZZ Inc. Reports Strong Revenue Growth and Increased Net Income in Q2 2023

AZZ Inc.(AZZ), a leading pro vider of metal coatings and infrastructure solutions, has announced its financial results for the second quarter ended May 31, 2023. The company witnessed robust revenue growth, with sales totaling $390.9 million, representing a significant increase compared to the same period last year. Moreover, AZZ Inc. reported a substantial surge in net income, reflecting the company's strong performance and strategic initiatives.

Sales Growth in Metal Coatings and Precoat Metals Segments

AZZ Inc. experienced a notable increase in sales across its Metal Coatings and Precoat Metals segments. In the Metal Coatings segment, sales reached $168.8 million, showcasing steady growth compared to $163.4 million in the second quarter of 2022. The Precoat Metals segment exhibited remarkable growth, with sales skyrocketing to $222.1 million, a substantial rise from $43.7 million in the same period last year. These impressive figures demonstrate the company's ability to attract customers and expand its market presence.

Strong EBITDA Performance