AZEK Company Inc ( (AZEK) ) has released its Q4 earnings. Here is a breakdown of the information AZEK Company Inc presented to its investors.
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The AZEK Company Inc., based in Chicago and listed on the NYSE, is a leading manufacturer of sustainable outdoor living products, including decking, railing, and trim solutions. Known for innovation and eco-friendliness, AZEK’s products replace traditional wood, utilizing up to 85% recycled materials.
AZEK recently announced its fourth-quarter and full-year fiscal 2024 results, highlighting a record year in residential net sales, net income, and adjusted EBITDA. The company achieved high-single-digit residential sell-through growth in the fourth quarter, underscoring its strategic growth initiatives.
Key financial metrics for fiscal 2024 include a 5% increase in consolidated net sales to $1.44 billion, with residential segment net sales growing by 12% to $1.37 billion. The net profit margin expanded significantly, and adjusted EBITDA rose by 34% to $379 million. The company also generated $224 million in cash from operations and returned $243 million to shareholders through share repurchases.
Despite a slight decline in fourth-quarter sales due to strategic shifts, AZEK’s strategic initiatives and new product launches position it well for continued growth. With expectations of 5% to 7% growth in consolidated net sales for fiscal 2025, AZEK remains optimistic about outperforming the market through innovation and channel expansion.
Looking ahead, AZEK’s management is confident in its ability to drive above-market growth and achieve double-digit long-term growth by executing its strategic initiatives. The company is poised to continue expanding its market presence and enhancing its product offerings in fiscal 2025 and beyond.
