AZZ Incorporated (AZZ)
Pretax margin
| Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 130,103 | -30,638 | 107,236 | 50,862 | 64,890 |
| Revenue | US$ in thousands | 1,537,590 | 1,323,650 | 525,598 | 480,574 | 1,061,820 |
| Pretax margin | 8.46% | -2.31% | 20.40% | 10.58% | 6.11% |
February 29, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $130,103K ÷ $1,537,590K
= 8.46%
The pretax margin of AZZ Incorporated has fluctuated over the past five years. In 2022, the company exhibited a relatively high pretax margin of 20.40%, indicating that for every dollar of revenue generated, 20.40 cents were retained as pretax profit. This was a significant improvement compared to the prior year, where the company experienced a pretax margin of 10.58%.
However, in 2023, the pretax margin turned negative at -2.31%, suggesting that the company's expenses exceeded its pre-tax income. The company managed to recover in 2024, achieving a pretax margin of 8.46%, but this was still lower than the levels seen in 2022.
Overall, the fluctuation in pretax margin over the years highlights the variability in AZZ Incorporated's profitability before taxes, which could be influenced by factors such as revenue fluctuations, cost management, and economic conditions. Further analysis of the company's financial performance and strategic initiatives may provide insights into the drivers behind these fluctuations.
Peer comparison
Feb 29, 2024