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10-Q Filing

AZZ INC CIK: 8947 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0000008947-15-000064
Period End Date 20150531
Filing Date 20150701
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance azz-20150531.xml
Balance Sheet 73 line items
Line Item Tag Value Unit Period
Accounts Receivable, Allowance for Doubtful Accounts AllowanceForDoubtfulAccountsReceivableCurrent $1.47M USD Point-in-time
Accounts Receivable, Allowance for Doubtful Accounts AllowanceForDoubtfulAccountsReceivableCurrent $1.57M USD Point-in-time
Common Stock, Par Value (usd per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common Stock, Par Value (usd per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $45.76M USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $27.57M USD Point-in-time
Common Stock, Shares Authorized (shares) CommonStockSharesAuthorized 100.00M shares Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $25.65M USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $22.53M USD Point-in-time
Common Stock, Shares Authorized (shares) CommonStockSharesAuthorized 100.00M shares Point-in-time
Common Stock, Shares Issued (shares) CommonStockSharesIssued 25.73M shares Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $1,568 as of May 31, 2015 and $1,472 as of February 28, 2015) AccountsReceivableNetCurrent $125.64M USD Point-in-time
Common Stock, Shares Issued (shares) CommonStockSharesIssued 25.77M shares Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $1,568 as of May 31, 2015 and $1,472 as of February 28, 2015) AccountsReceivableNetCurrent $130.04M USD Point-in-time
Raw Material InventoryRawMaterials $66.63M USD Point-in-time
Raw Material InventoryRawMaterials $62.79M USD Point-in-time
Work-In-Process InventoryWorkInProcess $42.77M USD Point-in-time
Work-In-Process InventoryWorkInProcess $42.00M USD Point-in-time
Finished Goods InventoryFinishedGoods $2.90M USD Point-in-time
Finished Goods InventoryFinishedGoods $4.49M USD Point-in-time
Costs and Estimated Earnings In Excess of Billings On Uncompleted Contracts CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear $33.68M USD Point-in-time
Costs and Estimated Earnings In Excess of Billings On Uncompleted Contracts CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear $55.33M USD Point-in-time
Deferred Income Taxes DeferredTaxAssetsNetCurrent $3.50M USD Point-in-time
Deferred Income Taxes DeferredTaxAssetsNetCurrent $4.53M USD Point-in-time
Prepaid Expenses and Other PrepaidExpenseAndOtherAssets $9.42M USD Point-in-time
Prepaid Expenses and Other PrepaidExpenseAndOtherAssets $4.57M USD Point-in-time
Total Current Assets AssetsCurrent $357.93M USD Point-in-time
Total Current Assets AssetsCurrent $298.63M USD Point-in-time
Property, Plant and Equipment, Net PropertyPlantAndEquipmentNet $195.83M USD Point-in-time
Property, Plant and Equipment, Net PropertyPlantAndEquipmentNet $196.58M USD Point-in-time
Goodwill Goodwill $279.10M USD Point-in-time
Goodwill Goodwill $279.07M USD Point-in-time
Intangibles and Other Assets, Net IntangibleAssetsNetExcludingGoodwill $158.30M USD Point-in-time
Intangibles and Other Assets, Net IntangibleAssetsNetExcludingGoodwill $162.62M USD Point-in-time
Total Assets Assets $991.16M USD Point-in-time
Total Assets Assets $983.54M USD Point-in-time
Total Assets Assets $936.91M USD Point-in-time
Accounts Payable AccountsPayableCurrent $49.58M USD Point-in-time
Accounts Payable AccountsPayableCurrent $52.17M USD Point-in-time
Income Tax Payables AccruedIncomeTaxesCurrent $6.73M USD Point-in-time
Income Tax Payables AccruedIncomeTaxesCurrent $2.89M USD Point-in-time
Accrued Salaries and Wages EmployeeRelatedLiabilitiesCurrent $17.98M USD Point-in-time
Accrued Salaries and Wages EmployeeRelatedLiabilitiesCurrent $17.05M USD Point-in-time
Other Accrued Liabilities OtherLiabilitiesCurrent $18.29M USD Point-in-time
Other Accrued Liabilities OtherLiabilitiesCurrent $20.33M USD Point-in-time
Customer Advance Payment CustomerAdvancesCurrent $28.40M USD Point-in-time
Customer Advance Payment CustomerAdvancesCurrent $29.72M USD Point-in-time
Profit sharing DeferredCompensationShareBasedArrangementsLiabilityCurrent $6.55M USD Point-in-time
Profit sharing DeferredCompensationShareBasedArrangementsLiabilityCurrent $6.40M USD Point-in-time
Long Term Debt Due Within One Year DebtCurrent $22.27M USD Point-in-time
Long Term Debt Due Within One Year DebtCurrent $21.87M USD Point-in-time
Billings In Excess of Costs and Estimated Earnings On Uncompleted Contracts BillingsInExcessOfCost $5.89M USD Point-in-time
Billings In Excess of Costs and Estimated Earnings On Uncompleted Contracts BillingsInExcessOfCost $4.67M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $149.14M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $161.64M USD Point-in-time
Long-Term Debt Due After One Year LongTermDebtNoncurrent $315.98M USD Point-in-time
Long-Term Debt Due After One Year LongTermDebtNoncurrent $344.82M USD Point-in-time
Deferred Income Taxes DeferredTaxLiabilitiesNoncurrent $51.74M USD Point-in-time
Deferred Income Taxes DeferredTaxLiabilitiesNoncurrent $47.44M USD Point-in-time
Liabilities Liabilities $516.86M USD Point-in-time
Liabilities Liabilities $553.90M USD Point-in-time
Common stock, $1 Par Value, Shares Authorized 100,000 (25,771 Shares at May 31, 2015 and 25,732 Shares at February 28, 2015) CommonStockValue $25.77M USD Point-in-time
Common stock, $1 Par Value, Shares Authorized 100,000 (25,771 Shares at May 31, 2015 and 25,732 Shares at February 28, 2015) CommonStockValue $25.73M USD Point-in-time
Capital In Excess of Par Value AdditionalPaidInCapitalCommonStock $27.71M USD Point-in-time
Capital In Excess of Par Value AdditionalPaidInCapitalCommonStock $29.19M USD Point-in-time
Retained Earnings RetainedEarningsAccumulatedDeficit $389.45M USD Point-in-time
Retained Earnings RetainedEarningsAccumulatedDeficit $405.50M USD Point-in-time
Accumulated Other Comprehensive Income AccumulatedOtherComprehensiveIncomeLossNetOfTax $-23.21M USD Point-in-time
Accumulated Other Comprehensive Income AccumulatedOtherComprehensiveIncomeLossNetOfTax $-22.83M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $420.05M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $437.26M USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $936.91M USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $991.16M USD Point-in-time
Income Statement 26 line items
Line Item Tag Value Unit Period
Net Sales SalesRevenueNet $228.89M USD 1 Quarter
Net Sales SalesRevenueNet $216.13M USD 1 Quarter
Cost of Sales CostOfGoodsSold $160.74M USD 1 Quarter
Cost of Sales CostOfGoodsSold $169.58M USD 1 Quarter
Gross Profit GrossProfit $55.39M USD 1 Quarter
Gross Profit GrossProfit $59.30M USD 1 Quarter
Selling, General and Administrative SellingGeneralAndAdministrativeExpense $26.42M USD 1 Quarter
Selling, General and Administrative SellingGeneralAndAdministrativeExpense $27.54M USD 1 Quarter
Operating Income (Loss) OperatingIncomeLoss $27.85M USD 1 Quarter
Operating Income (Loss) OperatingIncomeLoss $32.88M USD 1 Quarter
Interest Expense InterestExpense $4.21M USD 1 Quarter
Interest Expense InterestExpense $3.85M USD 1 Quarter
Gain (Loss) on Disposition of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment $424.00K USD 1 Quarter
Gain (Loss) on Disposition of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment $27.00K USD 1 Quarter
Other Expense (Income) - net OtherNonoperatingIncomeExpense $-307.00K USD 1 Quarter
Other Expense (Income) - net OtherNonoperatingIncomeExpense $31.00K USD 1 Quarter
Income Before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $29.16M USD 1 Quarter
Income Before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $23.70M USD 1 Quarter
Income Tax Expense IncomeTaxExpenseBenefit $8.77M USD 1 Quarter
Income Tax Expense IncomeTaxExpenseBenefit $9.23M USD 1 Quarter
Net Income NetIncomeLoss $19.92M USD 1 Quarter
Net Income NetIncomeLoss $14.93M USD 1 Quarter
Basic Earnings Per Share (usd per share) EarningsPerShareBasic $0.77 USD 1 Quarter
Basic Earnings Per Share (usd per share) EarningsPerShareBasic $0.58 USD 1 Quarter
Diluted Earnings Per Share (usd per share) EarningsPerShareDiluted $0.58 USD 1 Quarter
Diluted Earnings Per Share (usd per share) EarningsPerShareDiluted $0.77 USD 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net Income NetIncomeLoss $19.92M USD 1 Quarter
Net Income NetIncomeLoss $14.93M USD 1 Quarter
Provision For Doubtful Accounts ProvisionForDoubtfulAccounts $-197.00K USD 1 Quarter
Provision For Doubtful Accounts ProvisionForDoubtfulAccounts $101.00K USD 1 Quarter
Amortization and Depreciation DepreciationAndAmortization $11.06M USD 1 Quarter
Amortization and Depreciation DepreciationAndAmortization $11.54M USD 1 Quarter
Deferred Income Tax Expense DeferredIncomeTaxExpenseBenefit $-3.27M USD 1 Quarter
Deferred Income Tax Expense DeferredIncomeTaxExpenseBenefit $-462.00K USD 1 Quarter
Net Loss (Gain) On Insurance Settlement or On Sale of Property, Plant & Equipment GainLossOnSaleOfPropertyPlantEquipment $424.00K USD 1 Quarter
Net Loss (Gain) On Insurance Settlement or On Sale of Property, Plant & Equipment GainLossOnSaleOfPropertyPlantEquipment $27.00K USD 1 Quarter
Amortization of Deferred Borrowing Costs AmortizationOfFinancingCosts $343.00K USD 1 Quarter
Amortization of Deferred Borrowing Costs AmortizationOfFinancingCosts $366.00K USD 1 Quarter
Share Based Compensation Expense ShareBasedCompensation $771.00K USD 1 Quarter
Share Based Compensation Expense ShareBasedCompensation $1.14M USD 1 Quarter
Accounts Receivable IncreaseDecreaseInAccountsReceivable $4.23M USD 1 Quarter
Accounts Receivable IncreaseDecreaseInAccountsReceivable $14.59M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $6.55M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $6.26M USD 1 Quarter
Prepaid Expenses and Other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $2.69M USD 1 Quarter
Prepaid Expenses and Other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $5.01M USD 1 Quarter
Other Assets IncreaseDecreaseInOtherOperatingAssets $-78.00K USD 1 Quarter
Other Assets IncreaseDecreaseInOtherOperatingAssets $-73.00K USD 1 Quarter
Net Change In Billings Related To Costs and Estimated Earnings On Uncompleted Contracts IncreaseDecreaseInBillingInExcessOfCostOfEarnings $-20.53M USD 1 Quarter
Net Change In Billings Related To Costs and Estimated Earnings On Uncompleted Contracts IncreaseDecreaseInBillingInExcessOfCostOfEarnings $-3.84M USD 1 Quarter
Accounts Payable IncreaseDecreaseInAccountsPayable $13.94M USD 1 Quarter
Accounts Payable IncreaseDecreaseInAccountsPayable $2.96M USD 1 Quarter
Other Accrued Liabilities and Income Taxes Payable IncreaseDecreaseInOtherOperatingLiabilities $9.22M USD 1 Quarter
Other Accrued Liabilities and Income Taxes Payable IncreaseDecreaseInOtherOperatingLiabilities $-1.54M USD 1 Quarter
Net Cash Provided By Operating Activities NetCashProvidedByUsedInOperatingActivities $4.72M USD 1 Quarter
Net Cash Provided By Operating Activities NetCashProvidedByUsedInOperatingActivities $12.09M USD 1 Quarter
Proceeds From Sale Or Insurance Settlement of Property, Plant, and Equipment ProceedsFromSaleOfPropertyPlantAndEquipment $34.00K USD 1 Quarter
Proceeds From Sale Or Insurance Settlement of Property, Plant, and Equipment ProceedsFromSaleOfPropertyPlantAndEquipment $262.00K USD 1 Quarter
Purchase of Property, Plant and Equipment PaymentsToAcquirePropertyPlantAndEquipment $5.85M USD 1 Quarter
Purchase of Property, Plant and Equipment PaymentsToAcquirePropertyPlantAndEquipment $6.47M USD 1 Quarter
Net Cash From Investing Activities NetCashProvidedByUsedInInvestingActivities $-5.82M USD 1 Quarter
Net Cash From Investing Activities NetCashProvidedByUsedInInvestingActivities $-6.21M USD 1 Quarter
Excess Tax Benefits From Stock Options and Stock Appreciation Rights ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $366.00K USD 1 Quarter
Excess Tax Benefits From Stock Options and Stock Appreciation Rights ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $-138.00K USD 1 Quarter
Proceeds from revolving loan ProceedsFromLinesOfCredit $59.48M USD 1 Quarter
Proceeds from revolving loan ProceedsFromLinesOfCredit $10.00M USD 1 Quarter
Payments on revolving loan RepaymentsOfLinesOfCredit $14.08M USD 1 Quarter
Payments on revolving loan RepaymentsOfLinesOfCredit - USD 1 Quarter
Payments on Long Term Debt RepaymentsOfLongTermDebt $15.22M USD 1 Quarter
Payments on Long Term Debt RepaymentsOfLongTermDebt $16.16M USD 1 Quarter
Payments of Dividends PaymentsOfDividends $3.59M USD 1 Quarter
Payments of Dividends PaymentsOfDividends $3.87M USD 1 Quarter
Net Cash Used In Financing Activities NetCashProvidedByUsedInFinancingActivities $25.24M USD 1 Quarter
Net Cash Used In Financing Activities NetCashProvidedByUsedInFinancingActivities $-8.45M USD 1 Quarter
Effect of Exchange Rate Changes on Cash EffectOfExchangeRateOnCashAndCashEquivalents $-514.00K USD 1 Quarter
Effect of Exchange Rate Changes on Cash EffectOfExchangeRateOnCashAndCashEquivalents $256.00K USD 1 Quarter
Net Increase (Decrease) In Cash & Cash Equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $23.24M USD 1 Quarter
Net Increase (Decrease) In Cash & Cash Equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-1.92M USD 1 Quarter
Cash & Cash Equivalents At Beginning of Period CashAndCashEquivalentsAtCarryingValue $45.76M USD Point-in-time
Cash & Cash Equivalents At Beginning of Period CashAndCashEquivalentsAtCarryingValue $27.57M USD Point-in-time
Cash & Cash Equivalents At Beginning of Period CashAndCashEquivalentsAtCarryingValue $25.65M USD Point-in-time
Cash & Cash Equivalents At Beginning of Period CashAndCashEquivalentsAtCarryingValue $22.53M USD Point-in-time
Cash & Cash Equivalents At End of Period CashAndCashEquivalentsAtCarryingValue $45.76M USD Point-in-time
Cash & Cash Equivalents At End of Period CashAndCashEquivalentsAtCarryingValue $27.57M USD Point-in-time
Cash & Cash Equivalents At End of Period CashAndCashEquivalentsAtCarryingValue $25.65M USD Point-in-time
Cash & Cash Equivalents At End of Period CashAndCashEquivalentsAtCarryingValue $22.53M USD Point-in-time
Cash Paid For Interest InterestPaid $2.86M USD 1 Quarter
Cash Paid For Interest InterestPaid $3.50M USD 1 Quarter
Cash Paid For Income Taxes IncomeTaxesPaid $6.49M USD 1 Quarter
Cash Paid For Income Taxes IncomeTaxesPaid $3.58M USD 1 Quarter
Stockholders Equity 18 line items
Line Item Tag Value Unit Period
Interest rate swap, income tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $7.00K USD 1 Quarter
Interest rate swap, income tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $7.00K USD 1 Quarter
Balance StockholdersEquity $420.05M USD Point-in-time
Balance StockholdersEquity $437.26M USD Point-in-time
Stock Compensation StockIssuedDuringPeriodValueShareBasedCompensation $771.00K USD 1 Quarter
Restricted Stock Units StockIssuedDuringPeriodValueRestrictedStockAwardGross $-38.00K USD 1 Quarter
Stock Issued For Stock Appreciation Rights StockIssuedForStockAppreciationRights $-158.00K USD 1 Quarter
Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $1.09M USD 1 Quarter
Federal Income Tax Deducted on Stock Options and SARs IncomeTaxEffectsAllocatedDirectlyToEquityEmployeeStockOptions $138.00K USD 1 Quarter
Cash Dividend Paid DividendsCash $3.87M USD 1 Quarter
Net Income NetIncomeLoss $19.92M USD 1 Quarter
Net Income NetIncomeLoss $14.93M USD 1 Quarter
Foreign Currency Translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-363.00K USD 1 Quarter
Foreign Currency Translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $3.01M USD 1 Quarter
Interest rate swap, net of $7 income tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-14.00K USD 1 Quarter
Interest rate swap, net of $7 income tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-14.00K USD 1 Quarter
Balance StockholdersEquity $420.05M USD Point-in-time
Balance StockholdersEquity $437.26M USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Interest rate swap, income tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $7.00K USD 1 Quarter
Net Income NetIncomeLoss $19.92M USD 1 Quarter
Net Income NetIncomeLoss $14.93M USD 1 Quarter
Interest rate swap, income tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $7.00K USD 1 Quarter
Unrealized Translation Gains (Losses) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-363.00K USD 1 Quarter
Unrealized Translation Gains (Losses) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $3.01M USD 1 Quarter
Interest rate swap, net of income tax of $7 and $7, respectively. OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-14.00K USD 1 Quarter
Interest rate swap, net of income tax of $7 and $7, respectively. OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-14.00K USD 1 Quarter
Other Comprehensive Income (Loss) OtherComprehensiveIncomeLossNetOfTax $-377.00K USD 1 Quarter
Other Comprehensive Income (Loss) OtherComprehensiveIncomeLossNetOfTax $2.99M USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTax $17.92M USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTax $19.55M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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