FORT
WORTH, Texas, Oct. 7, 2022
/PRNewswire/ -- AZZ Inc. (NYSE: AZZ), a leading provider of
hot-dip galvanizing and a variety of metal coating solutions 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, 2022, to shareholders of
record as of the close of business on October 18, 2022.
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 a leading provider of hot-dip galvanizing and a
variety of metal coating solutions and coil coating solutions to a
broad range of end-markets. AZZ's Metal Coatings segment
(AMC) is a leading provider of metal finishing solutions for
corrosion protection, including hot-dip galvanizing, spin
galvanizing, powder coating, anodizing and plating, to the North
American steel fabrication industry. AZZ's Precoat Metals
segment (APM) is a leading provider of aesthetic and corrosion
protective coatings to the North American steel and aluminum coil
market.
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," "should," "expects,"
"plans," "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. 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 products and services, including demand by
the power generation markets, electrical transmission and
distribution markets, the industrial markets, and the metal
coatings markets. In addition, within each of the markets we
serve, our customers and our operations could potentially continue
to be adversely impacted by the ongoing COVID-19 pandemic,
including governmental issued mandates regarding the same. 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 products or services; delays in
additional acquisition or disposition opportunities; currency
exchange rates; availability of experienced management and
employees to implement AZZ's growth strategy; a downturn in market
conditions in any industry relating to the products we inventory or
sell or the services that we provide; economic volatility or
changes in the political stability in the
United States and other foreign markets in which we operate;
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 in AZZ's Annual Report
on Form 10-K for the fiscal year ended February 28, 2022 and other filings with the
Securities and Exchange Commission ("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 in 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:
Joe Dorame,
Managing Partner
Lytham
Partners
(602)
889-9700
www.lythampartners.com
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SOURCE AZZ Inc.