AZZ Inc. announced that it is offering 4M shares of its common stock in an underwritten public offering. Evercore ISI and Jefferies are acting as joint lead book-running managers. Baird, Wells Fargo Securities and Wolfe Nomura Alliance are acting as additional book-running managers. Roth Capital Partners is acting as co-manager for the offering. AZZ intends to use the net proceeds for the redemption of all of the company's 6.0% Series A Convertible Preferred Stock.

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Backs FY25 revenue view $1.53B-$1.63B, consensus $1.57B. Backs FY25 adjusted EBITDA view $310M-$360M. "I want to express my gratitude to our entire AZZ team for their outstanding performance in fiscal 2024, a great building year for our company and the 37th consecutive year of profitability from continuing operations. I am confident in our ability to create value and generate significant cash as we continue to leverage our strong market positions to meet the improving demand in our end markets - while actively pursuing initiatives to drive future growth and further enhance shareholder value. We are excited about the opportunities ahead," Ferguson concluded.