Azek Co Inc Stock Price, News & Analysis

The AZEK Company (NYSE: AZEK) announced its participation in two investor conferences: Citi 2022 Global Industrial Tech and Mobility Conference on February 22, 2022, and Barclays Industrial Select Conference on February 23, 2022. CEO Jesse Singh and CFO Peter Clifford will represent the company at the events. Both presentations will be broadcast live on the Company’s website, with replays available afterward. AZEK is known for producing sustainable outdoor living products, focusing on innovation and recycling. For more details, visit investors.azekco.com.

AZEK reported a strong start to fiscal 2022 with net sales up 22.3% to $259.7 million. The Residential segment grew 19.1% to $221.1 million, while net income rose by $6.6 million to $16.7 million. Adjusted EBITDA increased by $10.1 million to $58.5 million, showing robust operational performance. AZEK's outlook for fiscal 2022 anticipates net sales growth of 17% to 21% and adjusted EBITDA growth of 18% to 22%. The successful acquisition of StruXure enhances product offerings and supports growth targets.

The AZEK Company (NYSE: AZEK) announced it will release its fiscal Q1 2022 results on February 3, 2022, before market open. The company will host a conference call at 9:00 a.m. (CT) that day. Investors can register for the call in advance through a provided link or listen via the company's Investor Relations webpage. A replay of the call will be available two hours after conclusion until February 17, 2022. AZEK is known for its environmentally sustainable outdoor products, utilizing up to 100% recycled materials and operating manufacturing facilities in multiple states, including a new site in Boise, Idaho.

The AZEK Company has announced its acquisition of StruXure Outdoor, Inc. to enhance its leadership in the outdoor living market. This strategic move targets the nearly $1 billion market for pergolas and cabanas, complementing AZEK's existing product lines such as TimberTech. StruXure generated approximately $50 million in net sales in 2021. The acquisition aims to drive synergies, expand customer segments, and leverage AZEK's material expertise to accelerate growth. StruXure is expected to contribute around $40 million in revenue for the remainder of fiscal 2022.

The AZEK Company (NYSE: AZEK) has appointed Vernon J. Nagel and Natasha Li to its board of directors. Nagel, former CEO of Acuity Brands, brings extensive experience in driving profitable growth and market expansion. Li, a Partner at Ares Management, has significant knowledge of AZEK's history and operations. CEO Jesse Singh expressed enthusiasm about the new board members, emphasizing their potential to enhance the company's strategic vision. With this appointment, AZEK's board composition features over 25% women and more than 35% ethnic diversity.

The AZEK Company reported robust financial results for its fiscal fourth quarter and full year ended September 30, 2021. Net sales surged by 31.1% to a record $346.1 million, with net income increasing to $38.6 million. Adjusted EBITDA rose to $81.5 million, reflecting a $15.4 million increase year-over-year. For fiscal 2022, AZEK anticipates mid-teen net sales growth and high-teen growth in adjusted EBITDA. A fourth phase of capacity expansion aims to increase decking capacity by over 100% by the end of 2022.

TimberTech, a brand under The AZEK Company, announces the launch of its new product lineup in January 2022. This includes two new composite deck-board colors, French White Oak and Dark Cocoa, along with an efficient hidden fastener system to streamline installation. The French White Oak board mimics reclaimed wood while emphasizing sustainability, as it contains approximately 50% recycled material. The EDGE Prime+ Collection also features Dark Cocoa, made from up to 80% recycled materials, promoting low-maintenance outdoor living spaces.