FORT
WORTH, Texas, April 7,
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 fourth
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 May17,
2022, to shareholders of record as of the close of business on
April 26, 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, welding solutions, specialty electrical
equipment and highly engineered services to a broad range of
markets, including, but not limited to, the power generation,
transmission, distribution, refining and industrial markets. AZZ's
Metal Coatings segment 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 Infrastructure
Solutions segment 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 metal coatings markets, power generation markets, electrical
transmission and distribution markets, and industrial markets. In
addition, within each of the markets we serve, our customers and
our operations could potentially be adversely impacted by the
ongoing COVID-19 pandemic. We could also experience fluctuations in
prices and raw material cost, including zinc and natural gas which
are used in the hot dip galvanizing process; supply-chain vendor
delays; customer requested delays of our products or services;
delays in additional acquisition opportunities; currency exchange
rates; adequacy of financing; 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, 2021 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.