AZZ Inc. Resumes Share Repurchase Program to Enhance Shareholder Value and Support Growth

AZZ Inc. Resumes Share Repurchase Program as Part of Strategic Growth Initiative

AZZ Inc., a leader in hot-dip galvanizing and coil coating solutions, announces the resumption of its Share Repurchase Program, reaffirming its commitment to enhancing shareholder value. The company, which has invested approximately $46.8 million in share buybacks to date, retains a remaining balance of $53.2 million for future purchases. This strategic decision comes as AZZ implements a 10b5-1 plan with a third-party broker, allowing the company to repurchase shares in a manner compliant with insider trading regulations. The move underscores AZZ's focus on disciplined capital allocation and its confidence in long-term growth potential.

The 10b5-1 plan facilitates opportunistic share repurchases based on predetermined criteria, encompassing factors such as timing, price, and volume. This structured approach not only aligns with the company’s previously announced repurchase authorization but also provides flexibility in managing share buybacks while navigating market dynamics. Tom Ferguson, President and CEO of AZZ Inc., highlights that this program is integral to the company's strategy for returning value to shareholders, affirming the organization's belief in the strength and sustainability of its business model.

AZZ Inc. operates within a critical sector, delivering metal coating solutions that extend the life and enhance the quality of essential infrastructure and products across diverse end-markets. By focusing on sustainable practices and unmatched service quality, AZZ continues to position itself as a key player in the industry. The resumption of the share repurchase program is a testament to the company’s ongoing commitment to innovation and growth, ensuring it remains a competitive force in today’s market landscape.

In addition to its share repurchase efforts, AZZ Inc. issues a safe harbor statement regarding forward-looking statements, providing transparency about its expectations for future developments. This proactive communication strategy reflects the company's dedication to keeping stakeholders informed about its operational and financial outlook. For more information about AZZ Inc. and its services, interested parties can visit the company's website at www.azz.com.