FORT WORTH, Texas - AZZ Inc . (NYSE: NYSE:AZZ), a prominent North American provider of metal coating solutions, announced today that its Chief Financial Officer, Philip Schlom, is set to retire on November 4, 2024. The company has chosen Jason Crawford, currently Senior Vice President - Finance at AZZ Precoat Metals, as his successor.
CEO Tom Ferguson commended Schlom for his contributions to AZZ, particularly in strengthening the company's financial operations and aiding in its strategic transformation. Ferguson expressed confidence in the planned transition and the company's practice of promoting from within to maintain continuity in key positions.
Crawford brings over two decades of experience in finance and accounting to his new role, including a successful track record with Precoat Metals and Sequa Corporation, as well as Boston Scientific (NYSE:BSX) and CTS (NYSE:CTS) Corporation. His expertise spans domestic and international companies across various industries, with a focus on mergers and acquisitions.
InvestingPro Insights
AZZ Inc. (NYSE: AZZ), while undergoing a transition in its financial leadership, continues to exhibit strong financial health and market performance. According to real-time data from InvestingPro, the company has a market capitalization of $1.92 billion and has shown impressive revenue growth in the last twelve months as of Q3 2024, with an increase of nearly 35%. This robust revenue growth is complemented by a significant gross profit margin of 22.8%, indicating efficient operations and profitability.
InvestingPro Tips for AZZ Inc. highlight the company's anticipated net income growth this year and its commendable track record of maintaining dividend payments for 15 consecutive years. These attributes, along with the strong return over the last year, underscore AZZ's financial stability and the potential for continued investor confidence. Furthermore, analysts on InvestingPro predict that the company will remain profitable this year, which is consistent with its performance over the last twelve months.
For investors seeking more comprehensive analysis and additional InvestingPro Tips on AZZ Inc., there are 9 more tips available on InvestingPro. To enrich your investment strategy, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.