AZZ (AZZ) 8-K/A Financial Statements and Exhibits

EXHIBIT 99.4

UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET

As of 2/29/08

	AZZ Historical			AAA Historical			Pro Forma Adjustments				Combined Pro Forma
ASSETS
CURRENT ASSETS
CASH AND CASH EQUIVALENTS	$	2,226,941		$	(868,089	)	$	19,397,249		(1)	$	20,756,101
ACCOUNTS RECEIVABLE (NET OF ALLOWANCE)		38,901,577			7,959,334			-				46,860,911
INVENTORIES		43,426,468			11,155,674			(1,128,742	)	(2)		53,453,400
REVENUE IN EXCESS OF BILLINGS ON
UNCOMPLETED CONTRACTS		13,044,076			-			-				13,044,076
DEFERRED INCOME TAXES		4,391,398			-			-				4,391,398
PREPAID EXPENSES AND OTHER		1,004,383			99,537			-				1,103,920
TOTAL CURRENT ASSETS		102,994,843			18,346,456			18,268,507				139,609,806
PROPERTY, PLANT AND EQUIPMENT (NET)		48,284,910			33,543,641			(609,689	)	(3)		81,218,862
GOODWILL (NET OF ACCUMULATED AMORTIZATION)		40,962,104			-			15,573,941		(4)		56,536,045
OTHER ASSETS		1,077,423			856,624			15,213,376		(5)		17,147,423
TOTAL ASSETS	$	193,319,280		$	52,746,721		$	48,446,135			$	294,512,136
LIABILITIES AND SHAREHOLDER'S EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE	$	16,035,932		$	553,481		$	-			$	16,589,413
INCOME TAX PAYABLE		706,966			-			-				706,966
ACCRUED SALARIES & WAGES		4,919,804			271,000			-				5,190,804
OTHER ACCRUED LIABILITIES		10,285,285			11,334,123			(10,965,748	)			10,653,660
CUSTOMER ADVANCE PAYMENT		2,115,330			-			-				2,115,330
BILLINGS IN EXCESS OF REVENUE ON												-
UNCOMPLETED CONTRACTS		3,798,179			-			-				3,798,179
COMPENSATION EXPENSE RELATED TO SARS		4,834,325			-			-				4,834,325
TOTAL CURRENT LIABILITIES		42,695,821			12,158,604			(10,965,748	)			43,888,677
LONG TERM DEBT DUE AFTER ONE YEAR		-			24,416,151			75,583,849		(6)		100,000,000
DEFERRED INCOME TAXES		4,466,834			-			-				4,466,834
SHAREHOLDERS' EQUITY
COMMON STOCK, $1 PAR VALUE (SHARES AUTHORIZED-25,000,000), SHARES ISSUED 12,609,160		12,609,160			16,171,966			(16,171,966	)	(7)		12,609,160
CAPITAL IN EXCESS OF PAR VALUE		16,369,938			-			-				16,369,938
RETAINED EARNINGS		119,549,115			-			-				119,549,115
LESS COMMON STOCK HELD IN TREASURY
( 480,188 AND 954,996 SHARES AT COST RESPECTIVELY)		(2,371,588	)		-			-				(2,371,588	)
TOTAL SHAREHOLDERS' EQUITY		146,156,625			16,171,966			(16,171,966	)			146,156,625
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY	$	193,319,280		$	52,746,721		$	48,446,135			$	294,512,136

(1)   Excess cash from $100,000,000.00 Senior Notes secured for the purchase of AAA Galvanizing, Inc.

(2)   Inventory adjusted the market costs as compared to FIFO Inventory cost basis.

(3)   Property, plant, and equipment adjusted to fair market per independent appraisal.

(4)   Goodwill resulting from purchase price accounting.

(5)   Other assets include intangibles for non-compete agreements, trade name, and customer relations in the amounts of $1.8 million, $1.21 million and $13.1 million respectfully.

(6)   Senior notes secured for the purchase of AAA Galvanizing, Inc.

(7)   Elimination entries required for liabilities and equity not acquired.