Defined Benefit Pension Plan

9 Months Ended

Nov. 30, 2023

Retirement Benefits [Abstract]

Defined Benefit Pension Plan

16. Defined Benefit Pension Plan

Pension and Employee Benefit Obligations

In the Company's Precoat Metals segment, certain current or past employees participate in a defined benefit pension plan (the "Plan"). Prior to the Precoat Acquisition, benefit accruals were frozen for all participants. After the freeze, participants no longer accrued benefits under the Plan, and new hires of AZZ Precoat Metals are not eligible to participate in the Plan. As of November 30, 2023, the Plan was underfunded, and the Company has a pension liability of $31.6 million, which is included in "Other long-term liabilities" in the consolidated balance sheets and represents the underfunded portion of the Plan.