Summary of Significant Accounting Policies (Tables)

12 Months Ended

Feb. 28, 2026

Financing Receivable, Allowance for Credit Loss

The following table shows the changes in the allowance for credit losses for fiscal 2026, 2025 and 2024 (in thousands):


	Year Ended
	February 28, 2026		February 28, 2025		February 29, 2024

Balance at beginning of year	$	419	$	2,347	$	5,752
Adjustment based on aged receivables analysis	(78)		5,058		(67)
Charge-offs, net of recoveries(1)	(197)		(5,287)		338
Other(2)	—		(1,699)		(3,676)

Balance at end of year(3)	$	144	$	419	$	2,347



(1)			For fiscal 2025, includes a charge-off of $5.2 million following the unfavorable resolution of a litigation matter that was retained following the AIS divestiture.
(2)			For fiscal 2025 and 2024, "Other" includes the write off of $1.7 million and $3.7 million of reserves, respectively, following the settlement of a litigation matter. The reserves related to the AZZ Infrastructure Solutions segment and were retained following the AIS divestiture.
(3)			For fiscal 2024, the allowance for credit losses includes $1.7 million, related to the AZZ Infrastructure Solutions segment that were retained following the AIS divestiture.

Disaggregation of Revenue

Disaggregated Sales

Sales by segment and geography is disclosed in Note 17. In addition, the following table presents disaggregated sales, by customer industry for fiscal years 2026, 2025 and 2024 (in thousands):


	Year Ended
	February 28, 2026		February 28, 2025		February 29, 2024
Sales:
Construction	$	923,971	$	893,147	$	841,557
Industrial	149,079		129,542		153,686
Consumer	130,548		123,124		128,658
Transportation	158,451		163,965		168,631
Electrical	149,562		127,542		100,236
Other (1)	138,470		140,424		144,821
Total sales	$	1,650,080	$	1,577,744	$	1,537,589

(1) Other includes less significant markets, such as non-construction agriculture, recreation, petro-chem, AZZ Tubular products and sales from recycling and other miscellaneous customer industries.

Property, Plant and Equipment

Depreciation is computed using the straight-line method over the following estimated useful lives:


Leasehold improvements, buildings and structures			10-27 years
Machinery and equipment			3-15 years
Furniture and fixtures			3-15 years
Automotive equipment			3-5 years
Computers and software			3-7 years

Property, plant and equipment consisted of the following as of February 28, 2026 and February 28, 2025 (in thousands):


	As of
	February 28, 2026		February 28, 2025
Land	$	55,652	$	52,033
Building and structures	371,693		313,036
Machinery and equipment	536,855		424,342
Furniture, fixtures, software and computers	30,643		29,900
Automotive equipment	2,864		2,688
Construction in progress	45,580		153,145
	1,043,287		975,144
Less accumulated depreciation	(433,982)		(382,203)
Property, plant, and equipment, net	$	609,305	$	592,941

The following table outlines the classification of depreciation expense in the consolidated statements of income for fiscal 2026, 2025, and 2024 (in thousands):


	Year Ended
	February 28, 2026		February 28, 2025		February 29, 2024
Cost of sales	$	65,349	$	56,849	$	53,035
Selling, general and administrative	1,624		2,245		2,428
Total depreciation expense	$	66,973	$	59,094	$	55,463