AZZ incorporated (NYSE:AZZ) Q2 2021 Earnings Conference Call - Final Transcript

Oct 13, 2020 • 11:00 am ET


AZZ incorporated (NYSE:AZZ) Q2 2021 Earnings Conference Call - Final Transcript


Loading Event

Loading Transcript


Good morning everyone and welcome to the AZZ Inc. Second Quarter of Fiscal Year 2021 Financial Results Conference Call. [Operator Instructions].

At this time, I'd like to turn the conference call over to Mr. Joe Dorame, Lytham Partners. Sir, please go ahead.

Joe Dorame

Thank you, Jamie. Good morning and thank you for joining us today to review the financial results of AZZ Inc. for the second quarter of fiscal year 2021, ended March 31, 2020. Joining the call today are Tom Ferguson, Chief Executive Officer; Philip Schlom, Interim Chief Financial Officer; and David Nark, Senior Vice President, Marketing and Communications and Investor Relations. After the conclusion of today's prepared remarks, we will open the call for a question-and-answer session. Please note there is a slide presentation for today's call, which can be found on AZZ's Investor Relations page under Financial Information at

Before we begin with prepared remarks, I'd like to remind everyone, certain statements made by the management team of AZZ during this conference call, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Except for the statements of historical fact, this conference call may contain forward-looking statements that involve risks and uncertainties, some of which are detailed from time to time in documents filed by AZZ with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the fiscal year ended February 29, 2020. Those risks and uncertainties include, but are not limited to, changes in customer demand and response to products and services offered by the company, including demand by the power generation markets, electrical transmission and distribution markets, the industrial markets and the metal coatings markets. Prices of raw material costs, 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, adequate financing and availability of experienced management and employees to implement the company's growth strategies.

In addition, AZZ's customers and its operations could potentially be adversely impacted by the ongoing COVID-19 pandemic. The company can give no assurance that such forward-looking statements will prove to be correct. These statements are based on information as of the date hereof, and AZZ assumes no obligation to update any forward-looking statements, whether a result of new information, future events or otherwise.

With that out of the way, let me turn the call over to Tom Ferguson, Chief Executive Officer of AZZ. Tom?

Thomas E. Ferguson

Thanks Joe, and welcome to our second quarter fiscal 2021 earnings call, and thank you for joining us this morning. Let me first start by saying that COVID-19 is still very much front and center for all of us here at AZZ, and it continues to affect our results. Our top priorities at AZZ continue to be ensuring employee health and safety supporting our customers during these unprecedented times, finishing this fiscal year well, and positioning