David Nark on financial policy
From David Nark of AZZ at NYSE Texas · · New York Stock Exchange
“This year has been a real pivotal year for AZZ with delevering the business. We're now down to about 1.6 times debt to EBITDA. We're switching from delevering to a growth mode.”
On , David Nark, Chief Marketing, Communications & Investor Relations Officer at AZZ INC, spoke about financial policy during David Nark of AZZ at NYSE Texas on New York Stock Exchange.
About David Nark
David Nark, Chief Marketing, Communications & Investor Relations Officer at AZZ, appeared at the NYSE Texas launch event at AT&T Stadium on September 4, 2025. Nark described AZZ as a founding member of the exchange, stating that the company, which was founded in 1956 and is based in Texas, "absolutely had to be part of this" opportunity. He characterized 2025 as a "pivotal year" for AZZ, noting that the company had reduced its debt-to-EBITDA ratio to approximately 1.6 times and was transitioning from deleveraging to a growth mode. Nark outlined three priorities for the company: growth, innovation, and profitability. On growth, he said AZZ had invested $125 million over two years to bring a new coil coating facility online and had completed one acquisition in 2025, with more under consideration. He also mentioned technology projects to consolidate onto one operating system. Nark reported that AZZ operates 144 truck and trailer combinations and has two proprietary technology solutions. He stated that the company's three-year objectives include organic growth at twice the rate of GDP, improving its 22% EBITDA margin, targeting return on invested capital of 12.5% or higher, and maintaining debt-to-EBITDA leverage between 1.5 and 2.5 times.