Filing Flows › AZZ (AZZ) › Q1 FY26
AZZ (AZZ) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jul 9, 2025
AZZ (AZZ) reported revenue of $422M for the first quarter fiscal 2026 (Q1 FY26), +2% from a year earlier and +20% from the quarter before. Operating margin was 16.5%, net earnings $171M (40.5% of revenue).
AZZ, Q1 FY26: revenue $422M (+2% year over year), operating margin 16.5%, net earnings $171M, operating cash flow $315M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $422M | +20% | +2% |
| Gross profit | $104M | +32% | +1% |
| Operating profit | $69.5M | +72% | -0.3% |
| Net earnings | $171M | +746% | +332% |
| Operating cash flow | $315M | +389% | +338% |
| Free cash flow | $294M | +755% | +560% |
What changed
Revenue was $422.0M in Q1 FY26, up 2% year over year and up 20% from the previous quarter.
Gross margin was 24.7%, down 0.2 points from a year earlier. Operating profit was $69.5M, a 16.5% margin (down 0.4 points year over year). Operating profit fell $200K even though revenue rose $8.8M versus a year earlier, so costs grew faster than sales. Operating expenses grew 5% against revenue growth of 2%. Net earnings were $170.9M, up 332% year over year. The effective tax rate was 24.3%. Non-operating items added $156.3M, 69% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $314.8M (up 338% year over year), 184% of net earnings. Non-cash charges added back $21.8M of depreciation and amortization and $5.1M of share-based compensation. Working capital and other items added $117.0M. Capital expenditures of $20.9M left free cash flow of $293.9M.
Questions
What was AZZ's revenue in the first quarter fiscal 2026?
AZZ (AZZ) reported revenue of $422M for the first quarter fiscal 2026 (Q1 FY26), +2% from a year earlier and +20% from the quarter before.
Was AZZ profitable in the first quarter fiscal 2026?
Operating profit was $69.5M (16.5% of revenue) and net earnings $171M.
Source: AZZ 10-Q on SEC EDGAR.