AZZ Results Presentation Deck
ZAZZ
Q2 FY2023 Segment Results - Infrastructure Solutions Segment (AIS)
In millions $ except percentages
Key Statistics
FY 2022 Sales
FY2022 Book to Sales
FY2023 Sales
FY2023 Book to Sales
$85.0
1.18 to 1
$106.7
1.22 to 1
Sales
+25.5%
$85.0
$106.7
FY2022 FY2023
Operating Income (¹)
$6.7
24
-$102.8
FY2022 FY2023
Q2 FY2023 EARNINGS PRESENTATION
EBITDA
$13.1
FY2022
-$72.4
FY2023
AZZ Infrastructure Solutions Segment (AIS) Summary.
AIS performed well in the quarter, with sales up in both Electrical and WSI platforms
Backlog increased year-over-year by $128.7M, or 63.9%
WSI had higher sales, as compared to the same quarter prior year, and completed a number of key projects both in the U.S. and globally
Subsequent event - completed the divestiture of 60% of AIS through Joint Venture arrangement to Fernweh Group on September 30, 2022
(1) - Adjusted operating income, excluding the loss on sale of the AIS JV, would have been $12.1 million, $5.4 million and 80.6% improved from the prior year 2nd quarter on stronger backlog dollars and
margins within the backlog.View entire presentation