v3.26.3
Restructuring and Impairment Charges
6 Months Ended
Aug. 31, 2026
Restructuring and Related Activities [Abstract]  
Restructuring and Impairment Charges
17. Restructuring Charges
No restructuring charges were recognized during the three and six months ended August 31, 2026.
During fiscal year 2026, management completed a restructuring plan for certain surface technologies facilities within the AZZ Metal Coatings segment (the "AST Restructuring") to improve overall operational efficiency and financial performance. During the six months ended August 31, 2025, we recognized restructuring charges of $3.8 million, which were recorded in "Cost of sales" in the consolidated statement of operations, including the loss on the sale of equipment, for which we received $0.7 million in proceeds. The restructuring charges consisted of $3.3 million for the write-off of intangible assets and goodwill, as well as $0.5 million for the write-off of other assets and severance accruals.
As a result of the AST Restructuring, we closed two surface technologies facilities; the facilities were located in Garland, Texas and Tampa, Florida. Management performed an analysis of the assets at each location closed. For assets that were not sold or transferred to another location for use in operations, management wrote down the assets to reflect a decrease in estimated useful life and a reduction in fair value.