| Industries |
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| Electrical Components and Equipment |
| Asset Management and Custody Banks |
| Exposures |
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| Military |
| Express intent |
| Provide |
| Intelligence |
| Event Codes |
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| Accident |
| Solicit support |
| Sports contest |
| Endorse |
| Warn |
| Reduce routine activity |
| Yield to order |
| Agree |
| Human death |
| Riot |
| Release or return |
| Reject |
| Offer peace proposal |
| Reward |
| Force |
| Wiki | Wiki Summary |
|---|---|
| Arithmetic | Arithmetic (from Ancient Greek ἀριθμός (arithmós) 'number', and τική [τέχνη] (tikḗ [tékhnē]) 'art, craft') is an elementary part of mathematics that consists of the study of the properties of the traditional operations on numbers—addition, subtraction, multiplication, division, exponentiation, and extraction of roots. In the 19th century, Italian mathematician Giuseppe Peano formalized arithmetic with his Peano axioms, which are highly important to the field of mathematical logic today. |
| Special Activities Center | The Special Activities Center (SAC) is a division of the Central Intelligence Agency responsible for covert operations and paramilitary operations. The unit was named Special Activities Division (SAD) prior to 2015. |
| Financial statement | Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity.\nRelevant financial information is presented in a structured manner and in a form which is easy to understand. |
| Significant Others | The term significant other (SO) has different uses in psychology and in colloquial language. Colloquially "significant other" is used as a gender-neutral term for a person's partner in an intimate relationship without disclosing or presuming anything about marital status, relationship status, gender identity, or sexual orientation. |
| The Simpsons | The Simpsons is an American animated sitcom created by Matt Groening for the Fox Broadcasting Company. The series is a satirical depiction of American life, epitomized by the Simpson family, which consists of Homer, Marge, Bart, Lisa, and Maggie. |
| Internet | In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party. |
| Competition | Competition is a rivalry where two or more parties strive for a common goal which cannot be shared: where one's gain is the other's loss (an example of which is a zero-sum game). Competition can arise between entities such as organisms, individuals, economic and social groups, etc. |
| Competitor analysis | Competitive analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors. This analysis provides both an offensive and defensive strategic context to identify opportunities and threats. |
| Competitors for the Crown of Scotland | When the crown of Scotland became vacant in September 1290 on the death of the seven-year-old child Queen Margaret, 13 claimants to the throne came forward. Those with the most credible claims were John Balliol, Robert Bruce, John Hastings and Floris V, Count of Holland. |
| Sport of athletics | Athletics is a group of sporting events that involves competitive running, jumping, throwing, and walking. The most common types of athletics competitions are track and field, road running, cross country running, and racewalking. |
| List of Dancing with the Stars (American TV series) competitors | Dancing with the Stars is an American reality television show in which celebrity contestants and professional dance partners compete to be the best dancers, as determined by the show's judges and public voting. The series first broadcast in 2005, and thirty complete seasons have aired on ABC. During each season, competitors are progressively eliminated on the basis of public voting and scores received from the judges until only a few contestants remain. |
| Competitor Group | Competitor Group, Inc. (CGI) is a privately held, for-profit, sports marketing and management company based in Mira Mesa, San Diego, California. |
| Round-robin tournament | A round-robin tournament (or all-play-all tournament) is a competition in which each contestant meets every other participant, usually in turn. A round-robin contrasts with an elimination tournament, in which participants are eliminated after a certain number of losses. |
| List of unsolved problems in economics | This is a list of some of the major unsolved problems, puzzles, or questions in economics. Some of these are theoretical in origin and some of them concern the inability of orthodox economic theory to explain an empirical observation. |
| Marketing strategy | Marketing strategy is a process that can allow an organization to concentrate its limited resources on the greatest opportunities to increase sales and achieve a sustainable competitive advantage.Strategic planning involves an analysis of the company's strategic initial situation prior to the formulation, evaluation and selection of market-oriented competitive position that contributes to the company's goals and marketing objectives.Strategic marketing, as a distinct field of study emerged in the 1970s and 80s, and built on strategic management that preceded it. Marketing strategy highlights the role of marketing as a link between the organization and its customers. |
| Electrical impedance | In electrical engineering, impedance is the opposition to alternating current presented by the combined effect of resistance and reactance in a circuit.Quantitatively, the impedance of a two-terminal circuit element is the ratio of the complex representation of the sinusoidal voltage between its terminals, to the complex representation of the current flowing through it. In general, it depends upon the frequency of the sinusoidal voltage. |
| Electrical energy | Electrical energy is energy derived as a result of movement of electrically charged particles. When used loosely, electrical energy refers to energy that has been converted from electric potential energy. |
| Electrical telegraph | An electrical telegraph was a point-to-point text messaging system, used from the 1840s until the late 20th century when it was slowly replaced by other telecommunication systems. At the sending station switches connected a source of current to the telegraph wires. |
| Electrical grid | An electrical grid is an interconnected network for electricity delivery from producers to consumers. Electrical grids vary in size and can cover whole countries or continents. |
| TE Connectivity | TE Connectivity is an American Swiss-domiciled technology company that designs and manufactures connectors and sensors for several industries, such as automotive, industrial equipment, data communication systems, aerospace, defense, medical, oil and gas, consumer electronics and energy.\nTE Connectivity has a global workforce of 89,000 employees, including more than 8,000 engineers. |
| Material | Material is a substance or mixture of substances that constitutes an object. Materials can be pure or impure, living or non-living matter. |
| Recycling | Recycling is the process of converting waste materials into new materials and objects. The recovery of energy from waste materials is often included in this concept. |
| Natural gas | Natural law (Latin: ius naturale, lex naturalis) is a system of law based on a close observation of human nature, and based on values intrinsic to human nature that can be deduced and applied independently of positive law (the express enacted laws of a state or society). According to natural law theory, all people have inherent rights, conferred not by act of legislation but by "God, nature, or reason." Natural law theory can also refer to "theories of ethics, theories of politics, theories of civil law, and theories of religious morality."In the Western tradition it was anticipated by the Pre-Socratics, for example in their search for principles that governed the cosmos and human beings. |
| List of countries by natural gas production | This is a list of countries by natural gas production based on statistics from The World Factbook, and OECD members natural gas production by International Energy Agency (down) \n\n\n== Countries by natural gas production ==\nThe data in the following table comes from The World Factbook. |
| Natural gas vehicle | A natural gas vehicle (NGV) is an alternative fuel vehicle that uses compressed natural gas (CNG) or liquefied natural gas (LNG). Natural gas vehicles should not be confused with autogas vehicles powered by liquefied petroleum gas (LPG), mainly propane, a fuel with a fundamentally different composition. |
| Natural gas prices | Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked to the price of crude oil and petroleum products, especially in continental Europe. |
| Natural-gas condensate | Natural-gas condensate, also called natural gas liquids, is a low-density mixture of hydrocarbon liquids that are present as gaseous components in the raw natural gas produced from many natural gas fields. Some gas species within the raw natural gas will condense to a liquid state if the temperature is reduced to below the hydrocarbon dew point temperature at a set pressure. |
| Profit (economics) | An economic profit is the difference between the revenue a commercial entity has received from its outputs and the opportunity costs of its inputs. It equals to total revenue minus total cost, including both explicit and implicit costs. |
| Profitability index | Profitability index (PI), also known as profit investment ratio (PIR) and value investment ratio (VIR), is the ratio of payoff to investment of a proposed project. It is a useful tool for ranking projects because it allows you to quantify the amount of value created per unit of investment. |
| Customer profitability | Customer profitability (CP) is the profit the firm makes from serving a customer or customer group over a specified period of time, specifically the difference between the revenues earned from and the costs associated with the customer relationship in a specified period. According to Philip Kotler,"a profitable customer is a person, household or a company that overtime, yields a revenue stream that exceeds by an acceptable amount the company's cost stream of attracting, selling and servicing the customer."\nCalculating customer profit is an important step in understanding which customer relationships are better than others. |
| SAP ERP | SAP ERP is an enterprise resource planning software developed by the German company SAP SE. SAP ERP incorporates the key business functions of an organization. The latest version of SAP ERP (V.6.0) was made available in 2006. |
| Return on equity | The return on equity (ROE) is a measure of the profitability of a business in relation to the equity. Because shareholder's equity can be calculated by taking all assets and subtracting all liabilities, ROE can also be thought of as a return on assets minus liabilities. |
| Regulation | Regulation is the management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context. |
| Regulation A | In the United States under the Securities Act of 1933, any offer to sell securities must either be registered with the United States Securities and Exchange Commission (SEC) or meet certain qualifications to exempt it from such registration. Regulation A (or Reg A) contains rules providing exemptions from the registration requirements, allowing some companies to use equity crowdfunding to offer and sell their securities without having to register the securities with the SEC. Regulation A offerings are intended to make access to capital possible for small and medium-sized companies that could not otherwise bear the costs of a normal SEC registration and to allow nonaccredited investors to participate in the offering. |
| Radio regulation | Radio regulation refers to the regulation and licensing of radio in international law, by individual governments, and by municipalities.\n\n\n== International regulation ==\nThe International Telecommunication Union (ITU) is a specialized agency of the United Nations (UN) that is responsible for issues that concern information and communication technologies. |
| New York Codes, Rules and Regulations | The New York Codes, Rules and Regulations (NYCRR) contains New York state rules and regulations. The NYCRR is officially compiled by the New York State Department of State's Division of Administrative Rules. |
| Value added | A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the end consumer. |
| Tax | A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs. The first known taxation took place in Ancient Egypt around 3000–2800 BC. A failure to pay in a timely manner (non-compliance), along with evasion of or resistance to taxation, is punishable by law. |
| Risk Factors |
|---|
| AZZ INC Item 1A Risk Factors Our business is subject to a variety of risks, including the risks described below |
| While we believe that the risks and uncertainties described below are the more significant risks and uncertainties facing our business, they are not the only ones facing us |
| Additional risks and uncertainties not known to us or not described below may also impair our business operations |
| If any of the following risks actually occur, our business, financial condition and results from operations could be negatively impacted and significantly impact future growth |
| Our business segments operate in highly competitive markets Many of our competitors, primarily in our Electrical and Industrial Products Segment, are significantly larger and have substantially more resources than we do |
| Competition depends on a number of factors, including price |
| Certain of our competitors may have lower cost structures and may, therefore, be able to provide their products and services at lower rates than we are able to provide |
| We cannot be certain that our competitors will not develop the expertise, experience and resources to provide services that are superior in both price and quality |
| Similarly, we cannot be certain that we will be able to maintain or enhance our competitive position within our industries, maintain our customer base at current levels or increase our customer base |
| 4 ______________________________________________________________________ [32]Table of Contents Our business segments are sensitive to economic downturns If the general level of economic activity deteriorates from current levels, our customers may delay or cancel new projects |
| If there is a reduction in demand for our products or services, as result of a downturn in the general economy, there could be a material adverse effect on price levels and the quantity of goods and services purchased, therefore adversely impacting revenues and results from operations |
| A number of factors, including financing conditions and potential bankruptcies in the industries we serve, could adversely affect our customers and their ability or willingness to fund capital expenditures in the future and pay for past services |
| International and political events may adversely affect our Electrical and Industrial Products Segment A portion of our revenues from our Electrical and Industrial Segment are from international markets |
| We operate in developed countries with stable operating and fiscal environments |
| The occurrence of any of the risks described below could have an adverse effect on our consolidated results of operations, cash flows and financial condition: • political and economic instability; • social unrest, acts of terrorism, force majeure, war or other armed conflict; • inflation; • currency fluctuation, devaluations and conversion restrictions; • governmental activities that limit or disrupt markets, restrict payments or limit the movement of funds; and • trade restrictions and economic embargoes by the Untied States or other countries |
| Fluctuations in the price and supply of raw materials and natural gas for our business segments We purchase a wide variety of raw materials for our Electrical and Industrial Products Segment to manufacture our products including steel, aluminum and copper |
| Unanticipated increases in raw material requirements or price increases could increase production costs and adversely affect profitability |
| In our Galvanizing Service Segment zinc and natural gas represent a large portion of our cost of sales |
| The price and availability of zinc and natural gas is highly competitive and cyclical |
| The following factors which our beyond our control affect the price of raw materials and natural gas for our business segments are: supply and demand factors; freight costs and transportation availability; inventory levels; trade duties and taxes; and labor disputes |
| We seek to maintain operating margins by attempting to increase the price of our products and services in response to increased costs, but may not be successful in passing these price increases through to our customers |
| Our dependence upon fixed-price contracts for our Electrical and Industrial Products Segment could adversely affect our business We currently generate, and expect to continue to generate, a significant portion of our revenues under fixed price contracts |
| The actual cost of labor and materials, however, may vary from the costs we originally estimated |
| Depending on the size of particular project, variations from estimated cost could have a significant impact on our operating results for any fiscal year |
| Our compliance with various governmental regulations and environmental risks Our business is subject to numerous federal, state, provincial, local and foreign laws and regulations, including regulations, primarily in our Galvanizing Services Segment, with respect to air emissions, storm water and the generation, handling, storage, transportation, treatment, and disposal of waste materials |
| Although, we 5 ______________________________________________________________________ [33]Table of Contents believe we are substantially in compliance with all applicable laws and regulations, legal requirements are frequently changed and subject to interpretation, and the presently unpredictable ultimate cost of compliance with these requirements could adversely impact our operations |
| We may be required to make significant expenditures to comply with governmental laws and regulations |
| Existing laws or regulations, as currently interpreted or reinterpreted in the future, or future laws or regulations, could have a material adverse effect on the results of operations and financial conditions |
| Our acquisition strategy involves a number of risks We intend to pursue growth through the pursuit of opportunities to acquire companies or assets that will enable us to expand our product and service offerings |
| We routinely review potential acquisitions |
| However, we may be unable to implement this growth strategy if we cannot reach agreement on potential strategic acquisitions on acceptable terms or for other reasons |
| Moreover, our acquisition strategy involves certain risks, including: • difficulties in the integration of operations and systems; • the termination of relationships by key personnel and customers of the acquired company; • a failure to add additional employees to handle the increased volume of business; • additional financial and accounting challenges and complexities in areas such as tax planning, treasury management and financial reporting; • risks and liabilities from our acquisitions, some of which may not be discovered during our due diligence; • a disruption of our ongoing business or an inability of our ongoing business to receive sufficient management attention; and • a failure to realize the cost savings or other financial benefits we anticipated |
| Future acquisitions may require us to obtain additional equity or debt financing, which may not be available on attractive terms |
| Our use of percentage-of-completion accounting in the Electrical and Industrial Products Segment could result in a reduction or elimination of previously reported profits As discussed in “Management’s Discussion and Analysis of Financial Condition and Results of Operations-Critical Accounting Policies and Estimates” and in the notes to our consolidated financial statements, a portion of our revenues is recognized on a percentage-of-completion method of accounting |
| The percentage-of-completion accounting practice we use results in our recognizing contract revenues and earnings ratably over the contract term in proportion to our incurrence of contract costs |
| The earnings or losses recognized on individual contracts are based on estimates of contract revenues, costs and profitability |
| Contract losses are recognized in full when determined, and contract profit estimates are adjusted based on ongoing reviews of contract profitability |
| Actual collection of contract amounts or change orders could differ from estimated amounts and could result in a reduction or elimination of previously recognized earnings |
| In certain circumstances, it is possible that such adjustments could be significant |
| We may not be able to fully realize the revenue value reported in our backlog for our Electrical and Industrial Products Segment We have a backlog of work in our Electrical and Industrial Products Segment to be completed on contracts |
| Orders included in our backlog are represented by customer purchase orders and contracts, which we believe to be firm |
| Backlog develops as a result of new business taken, which represents the revenue value of new project commitments received by us during a given period |
| Backlog consists of projects which have either (1) not yet 6 ______________________________________________________________________ [34]Table of Contents been started or (2) are in progress and are not yet complete |
| From time to time, projects are canceled that appeared to have a high certainty of going forward at the time they were recorded as new business taken |
| In the event of a project cancellation, we may be reimbursed for certain costs but typically have no contractual right to the total revenue reflected in our backlog |
| In addition to being unable to recover certain direct costs, canceled projects may also result in additional unrecoverable costs due to the resulting underutilization of our assets |
| Our Operating results may vary significantly from quarter to quarter Our quarterly results may be materially and adversely affected by: • the timing and volume of work under new agreements; • general economic conditions; • the budgetary spending patterns of customers; • variations in the margins of projects performed during any particular quarter; • losses experienced in our operations not otherwise covered by insurance; • a change in the demand or production of our products and our services caused by severe weather conditions; • a change in the mix of our customers, contracts and business; • a change in customer delivery schedule; • increases in design and manufacturing costs; and • ability of customers to pay their invoices owed to us |
| Accordingly, our operating results in any particular quarter may not be indicative of the results that you can expect for any other quarter or for the entire year |
| We may be unsuccessful at generating internal growth Our ability to generate internal growth will be affected by, among other factors, our ability to: • attract new customers; internationally and domestically; • increase the number or size of projects performed for existing customers; • hire and retain employees; and • increase volume utilizing our existing facilities |
| In addition, our customers may reduce the number or size of projects available to us |
| Many of the factors affecting our ability to generate internal growth may be beyond our control, and we cannot be certain that our strategies will be successful or that we will be able to generate cash flow sufficient to fund our operations and to support internal growth |
| If we are unsuccessful, we may not be able to achieve internal growth, expand our operations or grow our business |
| The departure of key personnel could disrupt our business We depend on the continued efforts of our executive officers and senior management |
| We cannot be certain that any individual will continue in such capacity for any particular period of time |
| The loss of key personnel, or the inability to hire and retain qualified employees, could negatively impact our ability to manage our business |
| 7 ______________________________________________________________________ [35]Table of Contents Our business requires skilled labor , and we may be unable to attract and retain qualified employees Our ability to maintain our productivity and profitability will be limited by our ability to employ, train and retain skilled personnel necessary to meet our requirements |
| We may experience shortages of qualified personnel |
| We cannot be certain that we will be able to maintain an adequate skilled labor force necessary to operate efficiently and to support our growth strategy or that our labor expense will not increase as a result of shortage in the supply of skilled personnel |
| Labor shortages or increased labor costs could impair our ability to maintain our business or grow our revenues |