AZZ Inc: Form 10-Q/A for the period ended Aug 31, 2026
Filed with the SEC on Oct 15, 2026 and accepted by EDGAR at Oct 15, 2026, 16:20 ET.
Management's discussion and analysis
As filed, 2,892 characters, with its headings, lists and tables. Extracted from the main document; charts and exhibits are in the original on sec.gov.
On November 10, 2020, our Board of Directors authorized a $100 million share repurchase program pursuant to which we may repurchase our common stock (the "2020 Authorization"). Repurchases under the 2020 Authorization will be made through open-market or private transactions, in accordance with applicable federal securities laws, and could include repurchases pursuant to Rule 10b5-1 trading plans, which allow stock repurchases when we might otherwise be precluded from doing so. The number of shares repurchased, and the timing of purchases are based on general business and market conditions, and other factors, including legal requirements. Currently, share repurchases may not exceed 6% of our market capitalization per fiscal year.
On January 22, 2026, our Board of Directors authorized a $100 million share repurchase program (the "2026 Share Repurchase Program") pursuant to which we may repurchase our common stock. Repurchases under the 2026 Share Repurchase Program will be made through open market or private transactions, in accordance with applicable federal securities laws, and could include repurchases pursuant to Rule 10b5-1 trading plans, which allow stock repurchases when we might otherwise be precluded from doing so. The number of shares repurchased, and the timing of purchases are based on general business and market conditions, and other factors, including legal requirements. Currently, share repurchases may not exceed 6% of our market capitalization per fiscal year.
Issuer Purchases of Equity Securities
The following table provides information regarding purchases of the Company's common stock under the 2020 Authorization during the six months ended August 31, 2026:
| Period | Total Number of Shares Purchased | Average Price Paid per Share(1) | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value that May Yet Be Used Under the Plans or Programs |
|---|---|---|---|---|
| Beginning balance, February 28, 2026 | $33,191,526 | |||
| March 1 through March 31, 2026 | — | $— | — | 33,191,526 |
| April 1 through April 30, 2026 | — | — | — | 33,191,526 |
| May 1 through May 31, 2026 | — | — | — | 33,191,526 |
| June 1 through June 30, 2026 | — | — | — | 33,191,526 |
| July 1 through July 31, 2026 | 92,305 | 146.82 | 92,305 | 19,639,545 |
| August 1 through August 31, 2026 | 43,998 | 146.49 | 43,998 | 13,194,447 |
| Total | 136,303 | $146.71 | 136,303 | $13,194,447 |
| (1) The average price paid per share excludes commissions per share paid in connection with the open-market share repurchases. |
During the six months ended August 31, 2026, we did not repurchase any shares of common stock under the 2026 Share Repurchase Program. As of August 31, 2026, there was $100.0 million remaining to repurchase shares under the 2026 Share Repurchase Program.
Source: SEC EDGAR, the filing index for accession 0000008947-26-000198. Last ingested by Listed: Oct 26, 2026, 16:17 ET. Listed shows no prices and gives no investment advice.