Analysis AZZ: For some reason this one doesn't shock me
AZZ operates in two product segments: Electrical & Industrial Products, and Galvanizing Services. The company’s Electrical & Industrial Products segment manufactures products used by utilities to safely generate and distribute electricity, as well as industrial lighting and tubular products for the oil and gas industry. AZZ’s galvanizing services segment coats steel products in zinc to protect them from corrosion.
The Company operatse fourteen galvanizing plants, which are located in Texas, Louisiana, Alabama, Mississippi, Arkansas, Arizona, Indiana and Ohio. Hot dip galvanizing is a metallurgical process, in which molten zinc is applied to a customer’s material.
The zinc bonding renders a corrosion protection to fabricated steel for extended periods of up to 50 years. The Company typically serves fabricators and/or manufacturers, who provide services to the electrical and telecommunications, bridge and highway, petrochemical and general industrial markets, as well as a number original equipment manufacturers (OEMs).
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