Azek reports Q1 EPS 17c, consensus 14c

Reports Q1 revenue $285.4M, consensus $263.6M. Residential segment revenuye increased 22% y/y to $272M. “The AZEK (AZEK) team delivered another strong quarter of growth from our initiatives and disciplined operational execution,” said AZEK CEO Jesse Singh. “Our Residential segment grew net sales by 22% year-over-year driven by double digit sell-through growth in the quarter and expanded market presence across our Deck, Rail & Accessories and Exteriors product categories. Our focus on wood conversion, product innovation, improving the consumer journey, brand and channel expansion continues to drive our success and our market outperformance. AZEK’s multi-year track record of success would not be possible without the dedication, collaboration, and support of our team members and business partners. Our 2025 new product launches continue to generate excitement from our contractor and dealer partners, including TimberTech Fulton Rail(R), TimberTech Reliance Rail(TM), Versatex XCEED(TM) siding and TrimLogic(TM) – an exterior trim product made with up to 95% recycled PVC material. During the quarter, we invested in and began ramping up production of these products, modestly impacting our margins during the quarter. We expect these investments to continue during our second quarter as we scale and position these exciting new platforms to drive future growth. The breadth, depth, value and innovation of products across our portfolio continue to unlock new channel and dealer opportunities for AZEK, increasing our material conversion away from wood and expanding our market presence.”