AZZ Quarterly Cash Flow Statement
NYSE: AZZIndustrialsSpecialty Business ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
AZZ free cash flow
In the quarter ended May 31, 2026, AZZ generated $37.1 million of operating cash flow and spent $18.7 million on capital expenditures. That left free cash flow of $18.4 million, a free-cash-flow margin of 4.1% of revenue. Free cash flow was down 93.7% from the prior year's $293.9 million.
AZZ returned $6.0 million to shareholders through dividends, equal to 32% of free cash flow. Free cash flow covered dividend payments 3.1 times.
Summary generated from market data by MetaCap's automated system. Methodology
AZZ cash flow statement (quarterly)
| Quarter (USD) | Q1 20272026-05-31 | Q4 20262026-02-28 | Q3 20262025-11-30 | Q2 20262025-08-31 | Q1 20262025-05-31 | Q4 20252025-02-28 | Q3 20252024-11-30 | Q2 20252024-08-31 | Q1 20252024-05-31 | Q4 20242024-02-29 | Q3 20242023-11-30 | Q2 20242023-08-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 52.01M | 15.93M | 41.08M | 89.35M | 170.91M | 20.21M | 33.60M | 35.42M | 39.60M | 17.86M | 26.89M | 28.33M |
| Net Income growth (YoY) | -69.57% | -21.17% | +22.24% | +152.25% | +331.56% | +13.13% | +24.96% | +25.01% | +38.85% | +1583.60% | — | — |
| Depreciation & Amortization | 23.52M | 23.08M | 22.78M | 22.37M | 21.83M | 20.82M | 20.63M | 20.43M | 20.32M | 20.39M | 20.36M | 20.15M |
| Stock-Based Compensation | 3.78M | 2.93M | 2.47M | 4.35M | 5.09M | 2.02M | 3.80M | 4.91M | 2.54M | 3.30M | 2.19M | 2.12M |
| Change in Working Capital | -43.45M | 5.11M | 11.61M | 24.67M | -31.76M | 8.15M | 21.56M | -8.53M | 20.12M | 3.27M | 33.49M | 8.48M |
| Operating Cash Flow | 37.15M | 72.57M | 79.70M | 58.39M | 314.78M | 64.31M | 66.17M | 47.49M | 71.94M | 63.54M | 62.59M | 71.45M |
| Capital Expenditures | -18.75M | -22.05M | -18.55M | -19.28M | -20.90M | -29.94M | -26.44M | -32.10M | -27.40M | -28.22M | -24.17M | -25.69M |
| Investing Cash Flow | -18.70M | -6.49M | -18.50M | -49.37M | -17.12M | -29.90M | -26.36M | -31.36M | -27.38M | -28.21M | -24.15M | -25.68M |
| Dividends Paid | -5.98M | -5.98M | -6.00M | -6.01M | -5.08M | -5.09M | -5.08M | -5.08M | -7.87M | -7.87M | -7.86M | -7.85M |
| Share Repurchases | — | 0 | — | — | — | 0 | — | — | — | — | — | — |
| Debt Issued | — | — | — | — | — | — | — | — | — | 0 | 0 | 0 |
| Debt Repaid | -803.00K | — | 0 | -1.16M | -20.00K | -362.00K | -826.00K | 0 | -715.00K | -400.00K | -96.00K | -1.20M |
| Financing Cash Flow | -18.17M | -65.80M | -61.71M | -11.10M | -295.51M | -34.78M | -41.16M | -24.21M | -38.54M | -38.44M | -33.06M | -46.84M |
| Net Change in Cash | 354.00K | 82.00K | -274.00K | -2.15M | 1.55M | 4.00K | -668.00K | -8.39M | 6.20M | -3.16M | 5.40M | -1.77M |
| Free Cash Flow | 18.40M | 50.52M | 61.16M | 39.11M | 293.89M | 34.37M | 39.73M | 15.38M | 44.55M | 35.32M | 38.41M | 45.76M |
This table shows 12 quarterly periods of AZZ's cash flow statement, from Q1 2027 back to Q2 2024, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow AZZ's reporting calendar. What is a cash flow statement?