AZZ (AZZ) 8-K Regulation FD Disclosure

AZZ incorporated (NYSE: AZZ)

Corporate Presentation

November 2006

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Exhibit 99.1

Forward Looking Statement

Except

for

the

statements

of

historical

fact,

this

presentation

may

contain

forward-looking

statements

that

involve

risks

and

uncertainties

some

of

which

are

detailed

from

time

to

time

in

documents

filed

by

the

Company

with

the

SEC.

Those

risks

and

uncertainties

include,

but

are

not

limited

to:

changes

in

demand,

prices

and

raw

material

costs,

including

zinc

and

natural

gas

which

are

used

in

the

hot

dip

galvanizing

process;

changes

in

the

economic

conditions

of

the

various

markets

the

Company

serves,

foreign

and

domestic,

customer

requested

delays

of

shipments,

acquisition

opportunities,

adequacy

of

financing,

and

availability

of

experienced

management

employees

to

implement

the

Company’s

growth

strategy;

and

customer

demand

and

response

to

products

and

services

offered

by

the

Company.

The

Company

can

give

no

assurance

that

such

forward-looking

statements

will

prove

to

be

correct.

We

undertake

no

obligation

to

affirm,

publicly

update

or

revise

any

forward-looking

statements,

whether

as

a

result

of

new

information,

future

events

or

otherwise.

Company Overview

…

a specialty electrical equipment

manufacturer serving the global

markets of power generation,

transmission, distribution and

industrial as well as a leading

provider of hot dip galvanizing

services to the steel fabrication

market nationwide.

Total Company

Sales By Segment

Galvanizing

34%

Galvanizing

40%

Electrical

and

Industrial

66%

Electrical

and

Industrial

60%

FY2006

$187.2

(in millions)

Projected

FY2007

$240 to $250

(in millions)

Total Company

Sales By Market Segment

63%

8%

29%

67%

5%

28%

Industrial

Transmission

& Distribution

Power

Generation

FY2006

$187.2

(in millions)

Projected

FY2007

$240 to $250

(in millions)

Industrial Utilization

Federal Reserve Statistical Release

75

76

77.3

77.9

78

78.9

78.6

78.8

79.9

80.4

80.5

81

72

73

74

75

76

77

78

79

80

81

82

Quarter Ending

Electrical and Industrial Products

Electrical and Industrial Products

39%

11%

50%

43%

10%

47%

Industrial

Transmission

& Distribution

Power

Generation

FY2006

$123.7

(in millions)

Projected

FY2007

$145 to $150

(in millions)

Power Generation

8

Power Transmission

9

Power Distribution

10

Industrial / Commercial

11

$78

$66

$60

$49

$46

$49

$53

$53

$52

$54

$60

$65

$65

$77

$83

$74

$92

$99

$85

$0

$20

$40

$60

$80

$100

$120

Backlog

($ In millions)

Backlog

135%

$92.1

$52.5

$70.8

$73.8

1

st

Qtr

2007

101%

$65.0

$44.7

$44.9

$64.8

1

st

Qtr

2006

124%

$76.6

$47.8

$59.4

$65.0

2

nd

Qtr

2006

115%

$83.1

$44.4

$50.9

$76.6

3

rd

Qtr

2006

81%

$73.8

$50.3

$40.9

$83.1

4

th

Qtr

2006

105%

$73.8

$187.2

$196.2

$64.8

Fiscal

2006

110%

$98.7

$62.9

$69.5

$92.1

2

nd

Qtr

2007

Book to

Ship Ratio

Ending

Backlog

Shipments

Bookings

Beginning

Backlog

Galvanizing Services

Galvanizing Services

Application:

“After-fabrication”

steel corrosion protection

Locations:

11 14 facilities

in 6 8 states

5%

26%

23%

26%

20%

Electrical &

Telecommunications

OEM's

Industrial

Bridge & Highway

Petrochemical

Galvanizing Services

Financial Review

Dana Perry

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Consolidated Net Sales

($ In Millions)

$136.2

$152.4

$187.2

$240 to $250

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

$300.0

2004

2005

2006

2007

Fiscal Year

Actual

Projected

Earnings Per Share

(Fully Diluted)

$0.79

$0.87

$1.38

$2.65 to

$2.75

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

2004

2005

2006

2007

Fiscal year

Actual

Projected

Operating Margins

Electrical and Industrial

Products

7.2%

7.2%

9.2%

12.5%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

2004

2005

2006

2007

Actual

Projected

Galvanizing Services

18.3%

18.4%

20%

25.5%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

2004

2005

2006

2007

Actual

Projected

Consolidated Net Sales

First Six Months FY07

($ In Millions)

$92.6

$115.3

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

YTD 8/31/05

YTD 8/31/06

Earnings Per Share

First Six Months FY07

$0.63

$1.60

$0.00

$0.20

$0.40

$0.60

$0.80

$1.00

$1.20

$1.40

$1.60

$1.80

$2.00

YTD 8/31/05

YTD 8/31/06

Operating Margins

First Six Months FY07

7.2%

13.6%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

YTD 8/31/05

YTD 8/31/06

Electrical and

Industrial

Products

Galvanizing

Services

31.8%

20.3%

0

0.05

0.1

0.15

0.2

0.25

0.3

0.35

YTD 8/31/05

YTD 8/31/06

Cash Provided By Operations/

EBITDA/Free Cash Flow

($ In Millions)

($5.0)

$0.0

$5.0

$10.0

$15.0

$20.0

$25.0

$30.0

$35.0

2002

2003

2004

2005

2006

2007

Fiscal Year

Cash Pro.  By Oper.

Free Cash Flow

EBITDA

Projected

Total Bank Debt

($ In Millions)

$63.6

$44.6

$30.9

$29.4

$19.9

$22.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

2002

2003

2004

2005

2006

2007

Fiscal Year

Actual

Projected

$8.5

$6.6

$6.6

Capital

Expenditures

.23 to 1

.16 to 1

.32 to 1

Long Term Debt

to Equity

$22,000

$19,875

$29,375

Total Bank Debt

Projected

Period

Ended

2/28/07

Actual

Period

Ended

2/28/06

Actual

Period

Ended

2/28/05

Return On Assets

Electrical and Industrial

Products

8%

9%

14%

0%

5%

10%

15%

20%

2004

2005

2006

Galvanizing Services

20.0%

21.0%

27%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

2004

2005

2006