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AZEK Company Inc - AZEK STOCK NEWS

Welcome to our dedicated news page for AZEK Company (Ticker: AZEK), a resource for investors and traders seeking the latest updates and insights on AZEK Company.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect AZEK Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of AZEK Company's position in the market.

News
TimberTech® Composite Decking Recognized by Industry and Design Professionals for Performance, Innovation and Sustainability
Rhea-AI Summary
The AZEK Company Inc. announces that its TimberTech Composite Terrain+ Collection has won the Green Builder's 2024 Sustainable Product of the Year Award and made HGTV Magazine's 2024 Green List. The collection features innovative design, sophisticated aesthetics, and sustainable manufacturing practices, with up to 85% recycled content. It offers three on-trend colors and comes with Product and Fade & Stain Warranties for up to 30 years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
Tags
none
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News
The AZEK® Company Inc. Announces Fiscal Second Quarter 2024 Earnings Release and Investor Conference Call on May 8, 2024
Rhea-AI Summary
The AZEK Company Inc. announced its fiscal second quarter 2024 earnings release and investor conference call on May 8, 2024. The company, known for its outdoor living products, will discuss results and provide access to the call through registration. AZEK is committed to sustainability and innovation, using recycled materials in its products to create a more eco-friendly future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
Tags
earnings
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News
TimberTech® Sets New Industry Standard with Top-Rated Fire Resistance for Composite Decking; Best Choice for Fire Zones
Rhea-AI Summary
TimberTech sets a new industry standard with top-rated fire resistance for composite decking, receiving an Ignition Resistant designation from California's State Fire Marshal. The Advanced PVC Vintage and Landmark Collections are the first in the industry to achieve this designation, enhancing safety for homeowners in fire-prone areas.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.13%
Tags
none
News
The AZEK® Company Announces Election of Fiona Tan to its Board of Directors
Rhea-AI Summary
The AZEK Company Inc. (AZEK) appoints Fiona Tan as a new director, bringing valuable IT and cyber expertise to the board. Tan's extensive experience in information technology roles, including at Wayfair and Walmart, will aid AZEK's innovation and technology investments for sustained growth in the outdoor living industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.53%
Tags
management
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News
The AZEK Company Announces Strong First Quarter Fiscal 2024 Results Driven by Underlying Residential Segment Demand and Execution of Margin Expansion Initiatives; Raises Full-Year Fiscal 2024 Net Sales and Adjusted EBITDA Outlook
Rhea-AI Summary
The AZEK Company Inc. (NYSE: AZEK) reported strong financial results for the first quarter of fiscal 2024, with consolidated net sales increasing by 11% year-over-year to $240.4 million. The company's net income increased to $25.7 million, and adjusted EBITDA increased by 269% year-over-year to $55.7 million. Residential segment net sales saw a 24% increase year-over-year, and the company raised its fiscal 2024 net sales outlook to a range between $1.385 to $1.425 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.52%
Tags
earnings
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News
The AZEK® Company Announces Upcoming Investor Conference Schedule
Rhea-AI Summary
The AZEK Company Inc. (NYSE: AZEK) announced that its CEO and COO/CFO will participate in investor conferences on February 20th and 21st, 2024. The company's presentations will be broadcast live over the internet and can be accessed through its website. A replay will also be available for a limited time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.76%
Tags
conferences
News
The AZEK® Company Inc. Announces Fiscal First Quarter 2024 Earnings Release and Investor Conference Call on February 6, 2024
Rhea-AI Summary
The AZEK Company Inc. (NYSE: AZEK) announced the release of its fiscal first quarter 2024 results, along with details for a conference call to discuss the results. The company, known for its low-maintenance and sustainable outdoor living products, has been recognized for its innovation, quality, and sustainability efforts. The announcement also includes information for investors and interested parties to access the live conference call and webcast, as well as details for accessing the replay of the call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.21%
Tags
earnings
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News
The AZEK Company Announces $100 Million Accelerated Share Repurchase Program
Rhea-AI Summary
The AZEK Company Inc. (NYSE: AZEK) has entered into an accelerated share repurchase agreement with Goldman Sachs & Co. LLC to repurchase $100 million of the Company’s Class A common stock. The Company is funding the share repurchases with cash from operations and proceeds from the recent sale of its Vycom business. The ASR will result in an initial delivery of approximately 2.3 million shares of Class A common stock from Goldman Sachs, with the final settlement scheduled to occur no later than February 2024. After the ASR, the Company will have approximately $102 million remaining on its existing $400 million share repurchase authorization.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.03%
Tags
buyback
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News
The AZEK Company Announces Fourth Quarter and Full-Year Fiscal 2023 Results
Rhea-AI Summary
The AZEK Company Inc. (NYSE: AZEK) reported a strong fourth-quarter financial performance, with consolidated net sales increasing by 27.6% year-over-year to $388.8 million. The residential segment net sales saw a 37.6% increase to $349.6 million, and the net profit margin expanded by 1,260 basis points to 11.0%. Additionally, the company achieved a record adjusted EBITDA margin of 27.4% and generated a record full-year operating cash flow and free cash flow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.99%
Tags
earnings
News
The AZEK® Company Named Top Workplace in Chicago for Third Consecutive Year and Receives Top 50 Human Resources Team Award from OnConferences
Rhea-AI Summary
The AZEK Company Inc. (NYSE: AZEK) has been named a Top Workplace by the Chicago Tribune for the third consecutive year. The company's Human Resources team was also recognized as a Top 50 Human Resources Team in OnConferences’ 2023 Icon Awards.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
none
Stock AZEK logo
AZEK Company Inc

NYSE:AZEK

AZEK Rankings

#1025 Ranked by Market Cap
#480 Ranked by Stock Gains
N/A Ranked by Dividends

AZEK Stock Data

6.74B
142.96M
1.72%
102.78%
2.96%
All Other Plastics Product Manufacturing
Manufacturing
Link
US
Chicago

About AZEK

the azek company inc. engages in designing, manufacturing, and selling building products for residential, commercial, and industrial markets in the united states. its products include trims, decks, porches, moldings, railings, pavers, and bathroom and locker systems, as well as extruded plastic sheet products and other non-fabricated products for special applications in industrial markets. the azek company inc. offers its products under the brand names of azek, celtec, playboard, seaboard, flametec, designboard, cortec, sanatec, scranton products, aria partitions, eclipse partitions, hiny hiders, tufftec lockers, and duralife lockers. the company was formerly known as cpg newco llc and changed its name to the azek company inc. in june 2020. the azek company inc. was founded in 2013 and is headquartered in chicago, illinois.