Timna Tanners's questions to AZZ (AZZ) leadership • Q2 2026
Question
Timna Tanners asked if the opportunity from reduced pre-painted imports was fully realized or if further market share gains were expected. She also inquired about any impact of the Oswego fire on the Washington facility's ramp-up and how the current economic climate is influencing the M&A pipeline and sellers' appetite.
Answer
Tom Ferguson, President and CEO, stated that the pre-painted import opportunity is in 'early innings' with potential for continued share gains, noting a slight negative impact on margins due to smaller, quicker-turn orders. Jason Crawford, SVP and CFO, confirmed no impact from the Oswego fire on the Washington facility, stating its production ramp is ahead of plan with ample aluminum substrate. Tom Ferguson described the M&A pipeline as healthy with nine good opportunities, particularly for galvanizing bolt-ons, but noted the market hasn't accelerated sellers' timelines despite economic conditions.