Business
AZZ Inc. Announces New Share Repurchase Program
AZZ Inc., ("AZZ" or the "Company") (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions, today announced its Board of Directors approved a new stock repurchase program (the "2026 Share Repurchase Program"), effective immediately, under which up to $100 million of the Company's outstanding common stock may be acquired. The 2026 Share Repurchase Program is a complementary component of the Company's capital allocation framework and will primarily serve to
About this update from Azz Inc.
[{"type":"text","content":"FORT WORTH, Texas, Jan. 30, 2026 /PRNewswire/ -- AZZ Inc., ("AZZ" or the "Company") (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions, today announced its Board of Directors approved a new stock repurchase program (the "2026 Share Repurchase Program"), effective immediately, under which up to $100 million of the Company's outstanding common stock may be acquired. The 2026 Share Repurchase Program is a complementary component of the Company's capital allocation framework and will primarily serve to offset the dilutive effect of equity grants to employees over time.","length":654,"tagName":"p"},{"type":"image","alt":"AZZ Inc is the leading independent provider of hot-dip galvanizing and coil coating solutions in North America. (PRNewsfoto/AZZ, INC.)","displaySize":"","headline":null,"caption":"AZZ Inc is the leading independent provider of hot-dip galvanizing and coil coating solutions in North America. (PRNewsfoto/AZZ, INC.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":166,"url":"https://media.zenfs.com/en/prnewswire.com/0689038925e59b65a6776a188dd60be6"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/yVPG7kZXPCpWqvv_2oAf.g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI5MztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/0689038925e59b65a6776a188dd60be6","width":400,"height":166}},"href":"https://mma.prnewswire.com/media/1959193/AZZ_3D__Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The 2026 Share Repurchase Program will run in tandem and will be in addition to the prior $100 million common stock repurchase authorization approved by the Board on November 10, 2020 (the "Prior Repurchase Program") and is substantially similar in all material respects to the Prior Repurchase Program. As of the end of AZZ's third quarter of fiscal year 2026, which ended November 30, 2025, there were approximately 30.0 million shares of AZZ common stock issued and outstanding, and approximately $33.2 million remained available for repurchases under the Prior Repurchase Program.","length":598,"tagName":"p"},{"type":"text","content":"Repurchases will be made through open market purchases, private transactions, or otherwise in accordance with applicable federal securities laws, including Rule...