Azek Co Inc Stock Price, News & Analysis

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.

The AZEK Company (NYSE: AZEK) announced that CEO Jesse Singh and CFO Peter Clifford will present at Baird’s 2021 Global Industrial Conference on November 10, 2021, at 12:50 p.m. ET. The presentation will be streamed live on the Company’s investor relations website, where a replay will also be available post-event. Recognized for its sustainable outdoor living products, AZEK emphasizes low-maintenance and eco-friendly solutions, utilizing up to 100% recycled materials. The company, based in Chicago, operates manufacturing facilities in multiple states.

The AZEK Company (NYSE: AZEK) will release its fiscal fourth quarter and full year 2021 results on November 18, 2021, prior to market opening. A conference call is scheduled for 9:00 a.m. (CT) the same day to discuss the results. The call will be accessible via registration and through a webcast on their Investor Relations site. AZEK is recognized for its sustainable outdoor living products, made from up to 100% recycled material, and continues to innovate in the market. The company is headquartered in Chicago and operates several manufacturing facilities across the U.S.

TimberTech has partnered with Yardzen, an online landscape design platform, to provide homeowners with sustainable outdoor design solutions. This collaboration allows users to create custom outdoor spaces using TimberTech's eco-friendly decking products made from up to 80% recycled materials. Jesse Singh, CEO of The AZEK Company, emphasized the shared values of beautiful design and environmental sustainability. The partnership aims to enhance the outdoor living experience by making the design process more accessible and inspiring, integrating technology for optimal results.

AZEK Company and Weyerhaeuser are expanding their partnership to offer a broader range of low-maintenance and sustainable building products in Texas. This expansion includes TimberTech Outdoor Living and AZEK Exteriors products, available through Weyerhaeuser's Dallas and Houston distribution centers. Both companies emphasize quality, sustainability, and innovation in their offerings, which also come with industry-leading warranties. The partnership aims to enhance AZEK's market presence across the central United States.

The AZEK Company (NYSE: AZEK) has appointed Samara Toole as the new Chief Marketing Officer (CMO). With over 20 years of experience in marketing for home and lifestyle brands, Toole aims to enhance customer experience and brand visibility. CEO Jesse Singh emphasized her ability to understand customer needs and drive marketing strategies. AZEK is recognized for its environmentally sustainable outdoor living products made from 100% recycled materials. The company operates multiple manufacturing facilities and is committed to sustainability efforts.