FORT
WORTH, Texas, June 30,
2022 /PRNewswire/ -- AZZ Inc. (NYSE: AZZ), a
global provider of metal coating solutions, welding solutions,
specialty electrical equipment and highly engineered services,
today announced its Board of Directors has authorized a first
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
August 2, 2022, to shareholders of
record as of the close of business on July
19, 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 global provider of galvanizing and a variety of
metal coating solutions, coil coating solutions welding solutions,
specialty electrical equipment and highly engineered services to a
broad range of 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. AZZ's
Infrastructure Solutions segment (AIS) is dedicated to delivering
safe and reliable transmission of power from generation sources to
end customers, and automated weld overlay solutions for corrosion
and erosion mitigation to critical infrastructure in the energy and
waste management markets worldwide.
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.
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SOURCE AZZ Inc.