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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) will release its fiscal Q1 2023 results on February 8, 2023, after market close. A conference call is scheduled for the same day at 4:00 p.m. CT to discuss the results. Interested parties can register for the call or listen to a live webcast via the company's Investor Relations website. A replay will be available two hours post-call until February 22, 2023. As an industry leader, AZEK is recognized for its sustainable outdoor living products, with a commitment to recycled materials, keeping millions of pounds from landfills annually.
The AZEK Company (NYSE: AZEK) and thredUP (NASDAQ: TDUP) have announced a partnership to recycle thredUP’s post-consumer plastic Clean Out Bags into new TimberTech composite decking. This initiative supports both companies' ESG goals and aims to recycle one billion pounds of material annually by 2026. The partnership highlights AZEK's commitment to sustainability, having recycled nearly 1.7 billion pounds of waste since 2019. The new decking products will be made from approximately 85% recycled material, promoting environmental responsibility in outdoor living products.
The AZEK Company reported a 15% increase in net sales for fiscal 2022, totaling $1.36 billion. However, the fourth quarter faced a net loss of $4.8 million, reflecting a decrease in sales of 12% year-over-year at $304.6 million. Adjusted EBITDA was $65.1 million, down from $81.5 million for the same quarter last year. The company anticipates a 10% volume decline in fiscal 2023, projecting Adjusted EBITDA between $250 million and $265 million. AZEK has returned $81 million to shareholders through share repurchases.
The AZEK Company Inc. (NYSE: AZEK) will present at three investor conferences in December 2022. CEO Jesse Singh and CFO Peter Clifford will represent the firm at the Credit Suisse 10th Annual Global Industrials Conference on December 1 in Palm Beach, FL, followed by the 4th Annual Truist Securities Industrials and Services Summit on December 6 in New York, and the BMO 2022 Growth & ESG Conference virtually on December 7. The Credit Suisse presentation will be live-streamed on the company's website.
The AZEK Company (NYSE: AZEK) has been recognized with multiple prestigious awards for its innovative products. The Captivate Prefinished Siding & Trim won the HBSDealer Golden Hammer Award, highlighting its moisture and rot-resistant features. Also, the TimberTech Landmark Collection in French White Oak was honored as the Popular Choice Winner in the Sustainable Design category at the Architizer A+Product Awards. Both awards emphasize AZEK’s commitment to environmentally sustainable outdoor products designed to enhance aesthetic appeal and contractor productivity.
The AZEK Company (NYSE: AZEK) has announced a new range of products from its TimberTech and StruXure brands, including outdoor furniture, decking colors, and a new cabana model, set to debut in 2023. These products emphasize sustainability and low maintenance. They will be showcased at the TimberTech Championship in Boca Raton, Florida. The company continues its commitment to zero waste by recycling plastic bags into new decking materials. AZEK’s offerings utilize up to 90% recycled materials, supporting a more eco-friendly outdoor living solution.
The AZEK Company (NYSE: AZEK) will release its fiscal fourth quarter and full-year 2022 results on November 28, 2022, after market close. A conference call will follow at 4:00 p.m. CT to discuss these results. Investors can register for the call in advance and listen through the company's Investor Relations website. A replay will also be available two hours after the call. AZEK is a leader in manufacturing sustainable outdoor living products, with a commitment to using recycled materials in its offerings, which include TimberTech® decking and StruXure™ pergolas.
The AZEK Company (NYSE: AZEK), a leader in sustainable outdoor living products, announced that CEO Jesse Singh and CFO Peter Clifford will present at the Baird 2022 Global Industrial Conference on November 9, 2022, at 9:05 AM CT in Chicago. The presentation will be live-streamed and available for replay on the company’s investor relations webpage. AZEK specializes in innovative products made from up to 90% recycled material, focusing on eco-friendly solutions for outdoor spaces.
The AZEK Company (NYSE:AZEK) has inaugurated a 350,000 sq ft manufacturing facility in Boise, Idaho. This marks AZEK's first plant in the Western U.S. and supports their strategy to enhance production of environmentally sustainable products. The investment of approximately $140 million will create around 150 jobs in the area over two years. The facility emphasizes sustainability through advanced technologies and is expected to achieve LEED certification. This expansion aims to meet growing market demand for AZEK's low-maintenance outdoor products.
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