Segments (Tables)

9 Months Ended

Nov. 30, 2022

Sales and operating income from continuing operations by segment for each period were as follows (in thousands):


	Three Months Ended November 30,				Nine Months Ended November 30,
	2022		2021		2022		2021
Sales:

AZZ Metal Coatings	$	158,274	$	135,083	$	487,567	$	395,732
AZZ Precoat Metals	215,027		—		499,578		—

Total sales	$	373,301	$	135,083	$	987,145	$	395,732

Operating income:
AZZ Metal Coatings	$	33,546	$	33,111	$	123,812	$	97,072
AZZ Precoat Metals	21,053		—		63,914		—

Corporate(1)	(9,206)		(11,821)		(50,283)		(34,395)
Total operating income from continuing operations	$	45,393	$	21,290	$	137,443	$	62,677
(1) Includes expenditures of $15.2 million for the nine months ended November 30, 2022, directly related to the Precoat Acquisition and the divestiture of the AZZ Infrastructure Solutions operating segment. There were no such expenditures for the three months ended November 30, 2022.

Asset balances by operating segment for each period were as follows (in thousands):


	November 30, 2022		February 28, 2022
Total assets:
AZZ Metal Coatings	$	579,830	$	578,885
AZZ Precoat Metals	1,484,074		—
AZZ Infrastructure Solutions - Investment in Joint Venture	82,420		—
Corporate	53,150		46,266
Discontinued operations:
AZZ Infrastructure Solutions	—		507,876
Total	$	2,199,474	$	1,133,027

The following table presents sales by geographic region for each period (in thousands):

The following table presents fixed assets by geographic region for each period (in thousands):


	November 30, 2022		February 28, 2022
Property, plant and equipment, net:
United States	$	471,279	$	167,634
Canada	20,088		25,724

Total	$	491,367	$	193,358