😎 Summer Sale Exclusive - Up to 50% off AI-powered stock picks by InvestingProCLAIM SALE

AZZ Inc. names Jason Crawford as new CFO

EditorNatashya Angelica
Published 06/04/2024, 01:18 AM

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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.