Sales and Margin Expansion Drives Quarterly Results; Narrowing and Raising Fiscal Year 2025 Financial Guidance FORT WORTH, Texas , Oct. 9, 2024 /PRNewswire/ --- AZZ Inc. (NYSE: AZZ) , the leading independent provider of hot-dip galvanizing and coil coating solutions, today announced financial results for the second quarter ended August 31, 2024.
Fiscal Year 2025 Second Quarter Overview (as compared to prior year (1) ): (1) Adjusted Net Income, Adjusted EPS, Adjusted EBITDA and net leverage ratio are non-GAAP financial measures as defined and reconciled in the tables below. Tom Ferguson , President, and Chief Executive Officer of AZZ, commented, "Focused execution and seasonal strength contributed to second quarter sales of $409.0 million , up 2.
6% over the prior year, and Adjusted EPS of $1.37 . Consolidated Adjusted EBITDA margin grew to 22.
5%, primarily driven by higher volume for hot-dip galvanized steel and coil-coated materials and operational productivity over the prior year. Metal Coatings benefited from the diversity of its serviced markets, improved zinc utilization, and delivered an Adjusted EBITDA margin of 31.7%.
Precoat Metals' Adjusted EBITDA margin improved to 21.1%, primarily due to sales growth, favorable mix and improved operational performance. Our fiscal year-to-date cash from operations of $119.
4 million allowed us to reduce debt by $45.0 million and continue to reduce our net leverage ratio to 2.7x at the end of the quarter.
We are on pace to exceed our .
