FORT WORTH, Texas - AZZ Inc . (NYSE: NYSE:AZZ), a North American provider of galvanizing and coil coating solutions, announced today the appointment of Jason Crawford as its new Chief Financial Officer. Crawford's extensive experience in finance roles and his recent involvement with Precoat Metals, a company acquired by AZZ in 2022, positions him as a strategic choice for the role.
Crawford, who holds an MBA from Washington University in St. Louis and a Bachelor of Arts in Accounting from the University of Abertay, Scotland, brings over two decades of experience to the table. He began his career at CTS (NYSE:CTS) Corporation in 1995, later moving to Boston Scientific (NYSE:BSX) in 2006, and then to Precoat Metals/Sequa Corporation in 2012. Prior to this new appointment, Crawford served as CFO of Precoat Metals.
Tom Ferguson, CEO of AZZ, expressed confidence in Crawford's capabilities, highlighting his leadership skills and financial expertise. Ferguson also emphasized the company's commitment to internal career development.
The transition of responsibilities from the former CFO, Philip Schlom, to Crawford will be supported by Schlom's continued involvement with AZZ as a consultant, ensuring a smooth handover.
This announcement is based on a press release statement and includes forward-looking statements that involve risks and uncertainties. AZZ has acknowledged that actual results may differ from those projected due to various factors, such as market demand and economic conditions. The company has directed interested parties to its filings with the SEC for a more detailed understanding of the risks associated with its business.
Investors and stakeholders can find additional information about AZZ and its leadership team on the company's website.
InvestingPro Insights
Following the announcement of Jason Crawford's appointment as Chief Financial Officer of AZZ Inc., the company's financial metrics offer a glimpse into its current market position. According to real-time data from InvestingPro, AZZ boasts a market capitalization of approximately $2.5 billion, underscoring its substantial presence in the North American industrial sector.
The company's P/E ratio stands at 23.9, which, when paired with its adjusted P/E ratio for the last twelve months as of Q4 2024 at 27.5, suggests a valuation that may capture investor interest, particularly given its near-term earnings growth potential.
One of the standout InvestingPro Tips for AZZ is its consistent dividend payment history, having maintained dividend distributions for 15 consecutive years. This track record may appeal to income-focused investors seeking reliable dividend payers. Moreover, AZZ is highlighted for trading at a low P/E ratio relative to near-term earnings growth, which could indicate that the stock is undervalued compared to its earnings trajectory.
Revenue growth also remains a bright spot, with a 16.16% increase over the last twelve months as of Q4 2024, reflecting the company's ability to expand its financial top line. This growth is further exemplified by a solid gross profit margin of 23.64% for the same period. Investors may find these figures reassuring, especially in light of the new CFO's previous experience with Precoat Metals, which is now part of AZZ's expanding portfolio.
For those interested in deeper analysis, there are additional InvestingPro Tips available, providing more nuanced insights into AZZ's financial health and market performance. To explore these further, visit https://www.investing.com/pro/AZZ and remember to use the coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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