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. (NYSE: AZEK) delivers innovative, sustainable building solutions for residential and commercial markets through its low-maintenance outdoor living products and engineered commercial systems. This page provides centralized access to official announcements, financial disclosures and strategic developments from the industry leader in eco-conscious construction materials.
Investors and industry professionals will find curated updates including quarterly earnings reports, product innovation announcements, leadership changes and sustainability initiatives. All content is sourced directly from company filings and verified news partners to ensure accuracy.
Key coverage areas include decking/railing developments, commercial product launches, material science advancements and ESG progress. Regular updates reflect AZEK's position at the intersection of design innovation and environmental responsibility within the building products sector.
Bookmark this page for real-time access to AZEK's evolving story. Combine our news feed with SEC filings and market analysis tools for comprehensive investment research.
The AZEK Company (NYSE: AZEK), a leader in sustainable outdoor living products, announced its participation at the William Blair 41st Annual Growth Stock Conference on June 2, 2021, at 12:40 PM CT. CEO Jesse Singh and CFO Ralph Nicoletti will present at this event, which will be available for live streaming. A replay of the presentation will be accessible on the investor relations section of the AZEK website for 30 days. Known for products made from up to 100% recycled materials, AZEK is committed to innovation and sustainability in the industry.
The AZEK Company announced a public offering of 15,000,000 shares of Class A common stock at $43.50 per share, marketed by certain selling stockholders. The underwriters have a 30-day option to purchase an additional 2,250,000 shares. AZEK will not receive any proceeds from this offering, which is expected to close on June 1, 2021. Barclays, BofA Securities, Goldman Sachs, and Jefferies are acting as joint lead managers. The registration statement was declared effective by the SEC on May 26, 2021, and the offering is made via a prospectus.
The AZEK Company announced a public offering of 15,000,000 shares of Class A common stock, primarily by selling stockholders, with an option for underwriters to purchase an additional 2,250,000 shares. AZEK will not receive any proceeds from this sale, which is subject to market conditions. The offering is being managed by Barclays, BofA Securities, Goldman Sachs & Co. LLC, and Jefferies. A registration statement has been filed with the SEC but is not yet effective, meaning no sales can occur until it is approved.
The AZEK Company reported strong financial results for Q2 fiscal 2021, with net sales increasing by 19.4% to $293.1 million, driven by a 24.7% growth in the Residential segment. Gross profit rose 23.3% to $97.9 million, while net income surged to $22.7 million, up from $4.1 million a year earlier. The company raised its full-year guidance, anticipating consolidated net sales growth of 23% to 26% and Adjusted EBITDA growth of 25% to 29%, despite challenges from inflation and supply chain disruptions.
The AZEK Company (NYSE: AZEK) will release its fiscal second quarter 2021 results on May 13, 2021, prior to the market opening. A conference call is scheduled for the same day at 9:00 a.m. (CT) to discuss these results. Investors can register for the call via the provided link or listen to a webcast on the company's Investor Relations site. A replay of the call will be available two hours post-event. Recognized for its sustainable outdoor living products, AZEK operates in Illinois with additional facilities in Ohio, Pennsylvania, Minnesota, and a new site in Boise, Idaho.
The AZEK Company (NYSE: AZEK) has appointed Sandra Lamartine as its new Senior Vice President and Chief Human Resources Officer. Lamartine, with over 20 years of experience in organizational design and talent management, aims to enhance AZEK's workplace culture by focusing on values like sustainability and inclusion. She succeeds Dennis Kitchen, who is retiring but will remain as an HR Advisor during the transition. CEO Jesse Singh expressed confidence in Lamartine's leadership abilities to foster an engaged workforce at AZEK, known for products like TimberTech® decking.
The AZEK Company reported strong financial results for Q1 fiscal 2021, with net sales up 27.8% to $212.3 million, driven by a 36.8% increase in the Residential segment. Gross profit rose 42.3% to $73.0 million, reflecting improved margins. Net income turned positive at $10.2 million, compared to a net loss in the previous year, with adjusted EBITDA increasing 43.3% to $48.5 million. The company announced a target of using 1 billion pounds of recycled materials by 2026 and expects continued growth, raising its full-year sales guidance to 14%-18% year-over-year.
The AZEK Company (NYSE: AZEK) announces the launch of new products under its TimberTech brand, including the innovative TimberTech® AZEK® Landmark Collection™. This collection features capped polymer decking designed to resemble natural wood while providing superior durability and low maintenance. The TimberTech Landmark Collection introduces new colors, Castle Gate™ and American Walnut™, created with proprietary color-cascading technology. Additionally, new railing options will enhance existing lines. All products are crafted from synthetic materials with a commitment to sustainability, utilizing approximately 50% recycled materials.
The AZEK Company (NYSE: AZEK) has been awarded the 2021 Green Innovation of the Year by Green Builder Media for its FULL-CIRCLE PVC Recycling Program. This initiative targets the collection and recycling of scrap PVC directly from dealers, contractors, and mill shops, addressing long-standing challenges in PVC waste disposal.
FULL-CIRCLE leverages a network of partners to recycle materials efficiently, aligning with AZEK's commitment to sustainability. AZEK's products incorporate recycled materials, with some being recyclable post-use, reinforcing its dedication to environmental stewardship.
