AZZ Inc. to Buy Back Up to $100M of Stock in New Repurchase Program

Dow Jones01-31 06:23

By Katherine Hamilton

AZZ Inc.'s board approved a share-repurchase program for up to $100 million.

The new program will run in tandem with and be in addition to the prior $100 million buyback program approved in November 2020, the Fort Worth, Texas, metal-coating company said Friday.

As of the end of AZZ's fiscal third quarter, which ended Nov. 30, there were about 30 million shares issued and outstanding, or about $33.2 million, available for buybacks.

"As a result of current market conditions, we believe that share repurchases at the current valuation are a good use of capital," Chief Executive Tom Ferguson said.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

January 30, 2026 17:23 ET (22:23 GMT)

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