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The AZEK Company Inc. (symbol: AZEK) is a renowned leader in the design, manufacture, and sale of premium building products for residential, commercial, and industrial markets across the United States. Headquartered in Chicago, Illinois, and established in 2013, the company has quickly carved out a significant niche in the industry.
The company's diverse product portfolio includes trims, decks, porches, moldings, railings, pavers, and bathroom and locker systems. Additionally, it offers extruded plastic sheet products and other non-fabricated items tailored for specific industrial applications. AZEK markets its offerings under various well-known brand names such as AZEK, TimberTech, Versatex, Ultralox, StruXure, and Intex, among others.
AZEK operates through two main segments: Residential and Commercial. The Residential segment is the company's primary revenue generator, focusing on products that enhance outdoor living spaces. This includes environmentally sustainable, low-maintenance decks, railings, and outdoor furniture, which meet the growing demand for outdoor living solutions.
Beyond its residential focus, AZEK also provides high-quality commercial products under brands like Scranton Products, Aria Partitions, Eclipse Partitions, Hiny Hiders, Tufftec Lockers, and DuraLife Lockers. The company prides itself on its commitment to sustainability, ensuring that many of its products are made from recycled materials.
In 2020, the company transitioned from CPG Newco LLC to The AZEK Company Inc., marking a new chapter in its growth and expansion. Recent achievements include the launch of innovative products that cater to both aesthetic appeal and functional durability. Additionally, AZEK has established strategic partnerships to enhance its market reach and operational efficiency.
Financially, the company has demonstrated robust performance, with a significant portion of its revenue driven by the fast-growing outdoor living market. This strong financial footing allows AZEK to continually invest in research and development, ensuring a steady pipeline of innovative products that meet evolving customer needs.
Through clear and direct communication, AZEK maintains transparency with its stakeholders, providing regular updates on its performance, projects, and market developments. This dedication to excellence and customer satisfaction underscores AZEK's position as a leader in the building products industry.
The AZEK Company (NYSE: AZEK), a leading manufacturer of outdoor living products including TimberTech® Decking and Railing, Versatex® and AZEK® Trim, and StruXure® pergolas, has announced its upcoming fiscal first quarter 2025 earnings release schedule. The company will release its results after market close on Tuesday, February 4, 2025, followed by a conference call at 4:00 p.m. (CT).
Participants must register in advance through the provided link to access the live conference call. The event will also be accessible via webcast through AZEK's Investor Relations website. A replay will be available for approximately two weeks until February 18, 2025, through both the archived webcast and dial-in options.
AZEK announced a leadership transition as Peter Clifford resigns from his positions as SVP, Chief Operations Officer and CFO to pursue an opportunity outside the building products industry. Ryan Lada, current VP and CFO of the Residential Segment, will be promoted to SVP, CFO and Treasurer, while Matthew Wiora, VP Corporate Controller, will become Chief Accounting Officer, both effective January 24, 2025.
Lada joined AZEK in July 2022 and brings over 15 years of global finance experience. Wiora, who joined in June 2022, is a licensed CPA with more than 15 years of experience in accounting and finance with public companies. CEO Jesse Singh expressed confidence in both appointments, highlighting their proven leadership and understanding of AZEK's operations.
The company emphasized its commitment to continuing its strategic initiatives, focusing on innovation, market leadership, and sustainable growth and margin expansion.
TimberTech, a brand of The AZEK Company (NYSE: AZEK), has been named one of Fast Company's 2024 Brands That Matter in the Benchmark Brands category. The recognition highlights TimberTech's success in marketing innovative decking and railing products that connect with consumers emotionally and culturally.
The company offers premium composite decking made from 65% to 85% recycled waste and scrap materials, providing a sustainable alternative to traditional wood decking. With their tagline 'Everything Wood Should Be,' TimberTech combines natural wood aesthetics with advanced technology to deliver low-maintenance, durable outdoor living solutions.
The selection process by Fast Company evaluated applications based on emotional resonance, cultural significance, timeliness, clarity, and originality. This recognition validates TimberTech's position as a lifestyle brand that transforms outdoor living spaces while maintaining environmental responsibility.
AZEK Company, a leading manufacturer of outdoor living products, announced its participation in the UBS Global Industrials and Transportation Conference. Peter Clifford, SVP, COO and CFO, will present on Tuesday, December 3, 2024, at 1:00pm ET in Manalapan, Florida. The presentation will be broadcast live through the company's website at investors.azekco.com.
Interested parties should access the 'Investors' section 15 minutes before the presentation to register and download necessary audio software. A replay will be available post-conference for a time. AZEK specializes in TimberTech® Decking and Railing, Versatex® and AZEK Trim®, and StruXure® pergolas.
AZEK reported strong fiscal 2024 results with record Residential net sales of $1.37 billion, up 12% year-over-year. The company's net income increased 146% to $153 million, with net profit margin expanding by 600 basis points to 10.6%. Adjusted EBITDA grew 34% to $379 million, with margin expansion of 560 basis points to 26.3%. For fiscal 2025, AZEK expects consolidated net sales between $1.51-$1.54 billion (5-7% growth) and Adjusted EBITDA of $400-$415 million (5-9% growth). The company generated $224 million in operating cash flow and returned $243 million to shareholders through share repurchases.
The AZEK Company (NYSE: AZEK) has announced a strategic distribution partnership with Capital Lumber Company to expand its market presence in the Western United States. Capital Lumber will distribute AZEK's product portfolio, including TimberTech® decking, AZEK Exteriors, and Intex® solutions, through its 10 locations across eight states: Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah, and Washington. The partnership aims to enhance product accessibility and includes Capital's participation in AZEK's FULL-CIRCLE PVC Recycling® program to support sustainability initiatives.
The AZEK Company has been recognized as a Top Workplace by the Chicago Tribune for the fourth consecutive year. The recognition is based on anonymous surveys of Chicago-area employees, evaluating aspects such as respect, support, growth opportunities, and empowerment. Sandra Lamartine, Chief Human Resources Officer, emphasized the company's commitment to fostering an inclusive and dynamic work environment where employees feel valued and inspired. The company, which manufactures TimberTech® Decking, Versatex® and AZEK® Trim, and StruXure® pergolas, attributes this achievement to its focus on workplace culture, collaboration, and sustainability.
StruXure, part of The AZEK Company (NYSE: AZEK), announces five new products for 2025: StruXure Sound (integrated audio system), StruXure Heat (heating solutions), StruXure Screens (customizable privacy), StruXure+ App (centralized control), and Evolve (next-generation Pergola X system). The Evolve system features improved durability, enhanced cable management, and uses up to 50% recycled aluminum. These innovations aim to enhance outdoor living experiences while maintaining environmental sustainability. The StruXure+ App allows users to control multiple features and create personalized settings for different occasions.
The AZEK Company announces new product innovations for 2025, including Reliance Rail, Fulton Rail, and TrimLogic. Reliance Rail is a premium vinyl railing with recycled PVC core, while Fulton Rail features galvanized steel construction. TrimLogic, made with up to 95% recycled PVC material, targets the sub-premium exterior trim market. The company also introduces the Harvest+ Collection of Advanced PVC decking, new lighting innovations, and the Alpine Collection for exterior ceilings. These launches aim to provide contractors and homeowners with durable, sustainable alternatives to traditional wood across various outdoor applications.
The AZEK Company (NYSE: AZEK), a manufacturer of outdoor living products including TimberTech® Decking and Railing, Versatex® and AZEK® Trim, and StruXure® pergolas, has announced its upcoming fiscal fourth quarter and full-year 2024 earnings release. The results will be disclosed after market close on November 19, 2024, followed by a conference call at 4:00 p.m. (CT). Investors can access the call through pre-registration or listen to the webcast on AZEK's Investor Relations website. A replay will be available until December 3, 2024.
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