XML 38 R27.htm IDEA: XBRL DOCUMENT v3.22.2.2
Segments (Tables)
6 Months Ended
Aug. 31, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Sales and operating income from continuing operations by segment for each period were as follows (in thousands):
 
 Three Months Ended August 31,Six Months Ended August 31,
 2022202120222021
Sales:
Metal Coatings$165,849 $131,434 $329,293 $260,650 
Precoat Metals240,861 — 284,551 — 
Total sales$406,710 $131,434 $613,844 $260,650 
Operating income:
Metal Coatings$44,996 $32,047 $90,266 $63,961 
Precoat Metals36,213 — 42,861 — 
Corporate(1)
(17,068)(12,085)(41,077)(22,573)
Total operating income from continuing operations$64,141 $19,962 $92,050 $41,388 
(1) Includes expenditures of $2.7 million and $15.2 million for the three and six months ended August 31, 2022, related to the Precoat Acquisition and the divestiture of the AZZ Infrastructure Solutions segment.
Reconciliation of Assets from Segment to Consolidated
Asset balances by segment for each period were as follows (in thousands):

August 31, 2022February 28, 2022
Total assets:
Metal Coatings$594,116 $578,885 
Precoat Metals1,528,250 — 
Corporate60,805 46,266 
Discontinued operations:
Infrastructure Solutions401,576 507,876 
Total$2,584,747 $1,133,027 
Revenue from External Customers by Geographic Areas
The following table presents sales by geographic region for each period (in thousands):

 Three Months Ended August 31,Six Months Ended August 31,
 2022202120222021
Sales:
United States$393,835 $122,871 $588,195 $243,449 
International 12,875 8,563 25,649 17,201 
Total$406,710 $131,434 $613,844 $260,650 
Long-lived Assets by Geographic Areas
The following table presents fixed assets by geographic region for each period (in thousands):
August 31, 2022February 28, 2022
Property, plant and equipment, net:
United States$472,001 $167,634 
Canada24,124 25,724 
          Total$496,125 $193,358