Azek Co Inc Stock Price, News & Analysis

The AZEK Company (NYSE: AZEK) announced its participation in two upcoming investor conferences. The J.P. Morgan Homebuilding & Building Products Conference is set for May 17, 2022, at 8:15 AM ET, accessed online. The B. Riley Securities 22nd Annual Investor Conference will occur on May 26, 2022, at 1:00 PM PT in Beverly Hills, CA. Both conferences will feature CEO Jesse Singh and CFO Peter Clifford. Investors can find more details and access live broadcasts on the AZEK investor website.

The AZEK Company (NYSE: AZEK) will release its fiscal Q2 2022 results on May 10, 2022, before the market opens. A conference call will be held at 9:00 a.m. (CT) the same day, with advance registration required. AZEK is a leader in manufacturing low-maintenance, eco-friendly outdoor products, including TimberTech® decking and StruXure™ pergolas. The company operates several manufacturing facilities across the U.S. and is committed to sustainability, utilizing recycled materials to reduce landfill waste.

The AZEK Company (NYSE: AZEK) has announced an alliance with DTG Recycle to expand its FULL-CIRCLE PVC Recycling Program. This partnership aims to enhance sustainability by collecting PVC-based construction and demolition debris for recycling. AZEK's goal is to recycle one billion pounds of waste annually by 2026. The alliance will address the challenge of recycling PVC waste, creating an open-loop recycling solution and supporting environmental goals in the Pacific Northwest. This initiative is expected to significantly improve recycling capabilities and provide new sustainable markets for PVC materials.

The AZEK Company has appointed Chris Latkovic as Senior Vice President of Operations, succeeding Bobby Gentile, who will retire this summer. Latkovic will lead AZEK's capital investment plan aimed at expanding manufacturing capacities and recycling capabilities, including a new facility in Boise, Idaho. He aims to incorporate 1 billion pounds of waste into products by 2026. AZEK has consistently achieved double-digit growth and is well-positioned for continued success. Latkovic brings over 30 years of experience in operations management.

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.