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AZZ Inc. (NYSE:AZZ) Files An 8-K Regulation FD Disclosure

AZZ Inc. (NYSE:AZZ) Files An 8-K Regulation FD Disclosure

ITEM 7.01 REGULATION FD DISCLOSURE.

Attached hereto as Exhibit 99.1 are materials to be used by
representatives of AZZ Inc., a Texas corporation (the Company),
in future presentations to the financial community.
to General Instruction B.2 of Form 8-K, the information in Item
7.01 of this Form 8-K, shall not be deemed to be filed for the
purposes of Section 18 of the Securities Exchange Act of 1934,
and is not incorporated by reference into any filing of the
Company, whether made before or after the date hereof, regardless
of any general incorporation language in any such filing.
The information contained herein is summary information that is
intended to be considered in the context of our SEC filings and
other public announcements that we may make, by press release or
otherwise, from time to time.
The Company undertakes no duty or obligation to publicly update
or revise the information contained in this report, although the
Company may do so from time to time as management of the Company
believes is warranted. Any such updating may be made through the
filing of other reports or documents with the SEC, through press
releases or through other public disclosure.
In connection with such future presentations to the financial
community, reconciliations between EBITDA (as defined below) and
net income and between Free Cash Flow (as define below) to cash
provided by operating activities are provided as follows. As used
by the Company, these terms may differ from similarly captioned
measures used by other companies.
EBITDA, a non-GAAP financial measure, is defined as net income
before interest, taxes, depreciation and amortization. The
Company presents EBITDA because it considers such information an
important supplemental measure of its performance and believes it
is frequently used by securities analysts, investors and other
interested parties in the evaluation of companies with comparable
market capitalization, many of which present EBITDA when
reporting their results. The Company also uses EBITDA for the
following purposes: (1) the Companys credit agreement uses EBITDA
to measure compliance with covenants, such as fixed charge
coverage and debt incurrence; (2) EBITDA is also used by
potential lenders to evaluate potential transactions with the
Company; and (3) EBITDA is also used by the Company to evaluate
and price potential acquisition candidates.
EBITDA has limitations as an analytical tool, and you should not
consider it in isolation or as a substitute for analysis of the
Companys results as reported under GAAP. Some of these
limitations are: (a) EBITDA does not reflect changes in, or cash
requirements for, the Companys working capital needs, (b) EBITDA
does not reflect the significant interest expense, or the cash
requirements necessary to service interest or principal payments
on the Companys debts; and (c) although depreciation and
amortization are non-cash charges, the assets being depreciated
and amortized may have to be replaced in the future, and EBITDA
does not reflect any cash requirements for such capital
expenditures. Because of these limitations, EBITDA should not be
considered as a principal indicator of the Companys performance.
The Company compensates for these limitations by relying
primarily on the Companys GAAP results and using EBITDA only on a
supplemental basis.
Free Cash Flow (FCF), also a non-GAAP financial measure, is
defined as cash provided by operating activities less cash
disbursed for capital expenditures excluding acquisitions. The
Company presents FCF because it considers such information an
important supplemental measure of performance and believes it is
frequently used by securities analysts, investors and other
interested parties in the evaluation of companies with comparable
market capitalization to the Company, many of which present FCF
when reporting their results.
FCF has limitations as an analytical tool, and you should not
consider it in isolation or as a substitute for analysis of the
Companys results as reported under GAAP. These limitations
include that FCF excludes significant cash flows, such as
principal payments on debt. Because of these limitations, FCF
should not be considered as a principal indicator of the Companys
performance. The Company compensates for these limitations by
relying primarily on the Companys GAAP results and using FCF only
on a supplemental basis.
(Financial tables are included in the attached Exhibit 99.1 in
the section titled Reg G Tables.)
SECTION 9 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 EXHIBITS
The following exhibits are filed as part of this report.
Exhibit 99.1
AZZ Inc. Presentation
FORWARD LOOKING STATEMENTS
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 managements 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. This release may contain
forward-looking statements that involve risks and uncertainties
including, but not limited to, changes in customer demand and
response to products and services offered by AZZ, including
demand by the power generation markets, electrical transmission
and distribution markets, the industrial markets, and the hot dip
galvanizing markets; prices and raw material cost, including zinc
and natural gas which are used in the hot dip galvanizing
process; changes in the political stability and economic
conditions of the various markets that AZZ serves, foreign and
domestic, customer requested delays of shipments, acquisition
opportunities, currency exchange rates, adequacy of financing,
and availability of experienced management and employees to
implement AZZs growth strategy. AZZ has provided additional
information regarding risks associated with the business in AZZs
Annual Report on Form 10-K for the fiscal year ended February 28,
2017 and other filings with the SEC, available for viewing on
AZZs website at www.azz.com and on the SECs 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.

About AZZ Inc. (NYSE:AZZ)
AZZ Inc. is a provider of galvanizing services, welding solutions, specialty electrical equipment and engineered services to the power generation, transmission, distribution, refining and industrial markets. The Company operates through two segments: Energy segment and Galvanizing segment. Its Energy segment provides products and services designed to support industrial, nuclear and electrical applications. Its product offerings include custom switchgear, electrical enclosures, medium and high voltage bus ducts, explosion proof and hazardous duty lighting, nuclear safety-related equipment and tubular products. Its Galvanizing segment provides hot dip galvanizing to the steel fabrication industry through facilities located throughout the United States and Canada. It serves fabricators or manufacturers that provide services to the electrical and telecommunications, bridge and highway, petrochemical and general industrial markets and various original equipment manufacturers. AZZ Inc. (NYSE:AZZ) Recent Trading Information
AZZ Inc. (NYSE:AZZ) closed its last trading session down -0.60 at 56.35 with 61,596 shares trading hands.

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