Azek Co Inc Stock Price, News & Analysis

AZEK Company (NYSE: AZEK), a leading manufacturer of outdoor living products including TimberTech® Decking and Railing, Versatex® and AZEK® Trim, and StruXure® pergolas, has scheduled its fiscal second quarter 2025 earnings release for May 6, 2025, after market close.

The company will host a conference call at 4:00 p.m. (CT) on the same day to discuss the results. Investors can access the call through pre-registration via the provided link or listen to the live webcast through AZEK's Investor Relations website. A replay will be available for approximately one week until May 13, 2025, through the company website or by dialing the provided numbers.

James Hardie (JHX) and AZEK have announced a definitive agreement to combine in a transaction valued at $8.75 billion, including AZEK's net debt of $386 million. Under the agreement, AZEK shareholders will receive $26.45 in cash and 1.0340 JHX ordinary shares for each AZEK share, representing a total value of $56.88 per share and a 26% premium.

The merger creates a leading exterior and outdoor living building products platform, uniting complementary products across siding, exterior trim, decking, railing, and pergolas. Post-transaction, JHX and AZEK shareholders will own approximately 74% and 26% of the combined company, respectively.

Key financial highlights include:

• Expected generation of at least $350 million in additional annual adjusted EBITDA from synergies
• Combined net sales of $5.9 billion and adjusted EBITDA of $1.8 billion
• Cost synergies of $125 million and commercial synergies of $500 million
• Projected annual free cash flow exceeding $1 billion once synergies are realized

The transaction is expected to close in the second half of 2025, subject to regulatory approvals and AZEK shareholder approval.

The AZEK Company (NYSE: AZEK) has acquired Northwest Polymers, a leading post-industrial and post-commercial plastic recycling company based in Molalla and Aurora, Oregon. This strategic acquisition strengthens AZEK's recycled materials sourcing and processing capabilities to support long-term growth and margin expansion goals.

The acquisition, located near AZEK's Boise manufacturing facility, will enhance the company's material supply chain in the western United States, improve cost efficiencies, and support the expansion of AZEK's FULL-CIRCLE PVC Recycling® program. As the largest vertically integrated PVC recycler in the United States, this move, combined with their recently announced advanced recycling acquisition in Indiana, positions AZEK for the next phase of their recycling journey.

AZEK reported strong Q1 FY2025 results with consolidated net sales increasing 19% year-over-year to $285.4 million. The Residential segment saw a 22% increase to $272.0 million, while net income decreased 28% to $18.1 million due to prior year's Vycom divestiture gain.

Key metrics include gross profit margin of 36.3%, Adjusted EBITDA growth of 20% to $65.9 million, and Adjusted Net Income increase of 67% to $25.1 million. The company raised its FY2025 outlook, now expecting consolidated net sales between $1.52 to $1.55 billion (5-8% growth) and Adjusted EBITDA of $403 to $418 million (6-10% growth).

The strong performance was driven by double-digit residential sell-through growth and expanded market presence across Deck, Rail & Accessories and Exteriors product categories. The company maintains a strong balance sheet with $148.1 million in cash and $372.7 million available for future borrowings.

The AZEK Company (NYSE: AZEK), a leading manufacturer of outdoor living products, has announced its participation in two upcoming investor conferences in Miami, Florida. CEO Jesse Singh and CFO Ryan Lada will represent the company at:

1. The Citi 2025 Global Industrial Tech and Mobility Conference on Tuesday, February 18, 2025, with a presentation at 8:00am ET

2. The Barclays 42nd Annual Industrial Select Conference on Wednesday, February 19, 2025, with a presentation at 3:35pm ET

Both presentations will be broadcast live on AZEK's investor website (investors.azekco.com). Interested parties should access the 'Investors' section 15 minutes before each presentation to register and download necessary software. Replay options will be available for a time after the conferences.

The AZEK Company (NYSE: AZEK), a leading manufacturer of outdoor living products including TimberTech® Decking and Railing, Versatex® and AZEK® Trim, and StruXure® pergolas, has announced its upcoming fiscal first quarter 2025 earnings release schedule. The company will release its results after market close on Tuesday, February 4, 2025, followed by a conference call at 4:00 p.m. (CT).

Participants must register in advance through the provided link to access the live conference call. The event will also be accessible via webcast through AZEK's Investor Relations website. A replay will be available for approximately two weeks until February 18, 2025, through both the archived webcast and dial-in options.