Welcome to our dedicated page for Azek Co news (Ticker: AZEK), a resource for investors and traders seeking the latest updates and insights on Azek Co stock.
The AZEK Company Inc. (formerly NYSE: AZEK) generates frequent news as a designer and manufacturer of outdoor living and exterior building products that primarily replace wood on the outside of homes. Company news has focused on its TimberTech decking and railing, AZEK and Versatex trim, StruXure pergolas, and on its evolution as a plastics-based building products manufacturer within the Manufacturing sector.
Investors and observers following AZEK-related news will see coverage of corporate transactions, including the definitive agreement and completed merger under which James Hardie Industries plc acquired AZEK, resulting in AZEK becoming a wholly owned subsidiary and its common stock being delisted from the New York Stock Exchange. News also details portfolio changes such as the sale of the Commercial segment’s Scranton Products business to Sky Island Capital and earlier divestitures like Vycom.
Another major theme in AZEK news is sustainability and recycling. Releases highlight that AZEK’s products are made from up to 85% recycled material, its status as a large vertically integrated recycler of PVC in the United States, and acquisitions such as Northwest Polymers to expand recycling capabilities. News items describe the company’s FULL-CIRCLE PVC Recycling program and the Science Based Targets initiative’s validation of AZEK’s near-term greenhouse gas reduction targets.
Product and technology updates also feature prominently. AZEK has issued news about TimberTech Advanced PVC decking’s fire performance, including a controlled-environment comparison video demonstrating a Class A Flame Spread Rating for the Vintage Collection and superior resistance to ignition and flame spread compared to other decking materials. The company has launched digital resources for architects and designers focused on fire resistance, climate-adaptive design and wildfire resilience.
Historical AZEK news includes quarterly earnings releases, outlook updates and investor conference participation, which provide context on its Residential and Commercial segments, material conversion strategy and brand expansion. Although AZEK’s ticker AZEK is now delisted following the merger with James Hardie, this news archive remains a resource for understanding the company’s history, strategic priorities and product development over time.
The AZEK Company, a leader in sustainable outdoor living products, announced its participation in the Jefferies Industrials Conference on August 9, 2022, and Barclays Select Series on August 10, 2022, both held in New York, NY. CEO Jesse Singh and CFO Peter Clifford will present at these events. The Jefferies conference will be broadcast live on the company’s investor website. AZEK emphasizes its commitment to environmentally sustainable practices, with products made from up to 90% recycled materials, aiming to reduce landfill waste while offering innovative outdoor solutions.
The AZEK Company Inc. (NYSE: AZEK) will release its fiscal third quarter 2022 results before the market opens on August 4, 2022. A conference call will follow at 9:00 a.m. (CT) to discuss the results. Investors can join the call by dialing 888-999-6096 or accessing a live webcast at the Company's Investor Relations website. A replay will be available two hours post-call until August 18, 2022. AZEK is known for its environmentally sustainable outdoor products, made from up to 90% recycled material, and is committed to enhancing the use of recycled materials in manufacturing.
The AZEK Company (NYSE: AZEK) announced an Investor Day scheduled for June 15, 2022, in New York City, starting at 8:30 a.m. ET. The event will feature presentations from CEO Jesse Singh and CFO Peter Clifford, followed by a Q&A session. Interested investment professionals can attend in person but must register due to limited space. A live webcast will also be available, with an archived version accessible after the event. AZEK is recognized for its sustainable outdoor living products, utilizing up to 100% recycled materials.
The AZEK Company Inc. (NYSE: AZEK) announced its participation in upcoming investor conferences, including the UBS Global Industrials and Transportation Conference on June 7, 2022, and the William Blair Growth Stock Conference on June 8, 2022. Key executives, including CFO Peter Clifford and CEO Jesse Singh, will present at these events. The presentations will be broadcast live via the company's website, where replays will also be available. AZEK is known for its sustainable outdoor living products made from recycled materials and is committed to improving environmental sustainability.
The AZEK Company (NYSE: AZEK) has entered an accelerated share repurchase agreement with JPMorgan to buy back $50 million of its Class A common stock. This program will utilize existing cash resources and initially involve the delivery of approximately 2.4 million shares. The final settlement is expected by July 2022, with share repurchase amounts based on the average price during the repurchase period. AZEK is committed to sustainable manufacturing practices, producing products from up to 100% recycled materials, enhancing shareholder value through stock buybacks.
The AZEK Company reported a strong second quarter for fiscal 2022, with consolidated net sales rising 35.2% year-over-year to $396.3 million. The residential segment saw a 33.6% increase, while net income surged 58.2% to $35.8 million. Adjusted EBITDA improved by 27.1% to $90.9 million. The company is raising its net sales outlook for fiscal 2022 to between $1.39 billion and $1.43 billion. In addition, AZEK announced a $400 million share repurchase program to enhance shareholder value.
The AZEK Company Inc. has announced the promotions of Jon Skelly to President of its Residential business and Morgan Fox Walbridge to Senior VP and Chief Legal Officer. Skelly succeeds Joe Ochoa, retiring on July 1, 2022, while Walbridge takes over for Paul Kardish, retiring on June 1, 2022. Both outgoing leaders will remain as advisors. AZEK's CEO, Jesse Singh, praised the contributions of the retirees and expressed enthusiasm for the newly appointed leaders, highlighting their extensive experience and vital roles in driving the company's growth and sustainability initiatives.
The AZEK Company (NYSE: AZEK) has successfully entered into a new first lien term loan credit agreement, securing a $600 million credit facility due in April 2029. This refinancing replaces its existing loan due in May 2024, enhancing the company's financial position and liquidity. The credit facility will amortize quarterly starting December 31, 2022, and carries a variable interest rate based on Term SOFR plus 2.50%. S&P Global Ratings has upgraded AZEK's corporate credit rating to BB-, reflecting positive market recognition of its growth strategy.
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