AZZ Inc.’s fiscal 2026 performance was markedly strengthened by significant equity earnings from its 40% stake in the AVAIL Infrastructure Solutions joint venture, which realized gains from divestitures of electrical and welding services businesses. The company’s core Metal Coatings and Precoat Metals segments maintained stable demand aligned with typical seasonality in construction and industrial markets. Operational cash flow surged, supporting capital returns through dividends and share repurchases while liquidity remained strong. Despite volatility risks in input costs and cyclical seasonality tied to North American infrastructure spending, AZZ’s leading market positions and JV partnerships provide differentiated growth levers to monitor.