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AZEK Company Inc (AZEK)
NYSE:AZEK
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
$0.13Last Year’s EPS
$0.1Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 19, 2024
|% Change Since: 6.03%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Positive
The call highlighted significant achievements in revenue growth, margin expansion, and successful new product launches. However, there were challenges noted in the Exteriors business, a decline in Commercial segment sales, and a decrease in Q4 free cash flow. The overall sentiment reflects a strong performance with some areas needing attention.Company Guidance
During the AZEK Company's Q4 2024 earnings call, the guidance provided included several key metrics that highlight the company's performance and expectations. AZEK reported a 12% year-over-year growth in net sales, with the Residential business achieving high single-digit sell-through growth. The Deck, Rail & Accessories segment led the industry with an 18% sales increase, contributing to a net profit margin expansion of 600 basis points to 10.6% and an adjusted EBITDA margin of 26.3%, up 560 basis points. Looking ahead to fiscal 2025, AZEK expects consolidated net sales growth between 5% and 7% year-over-year and adjusted EBITDA growth in the 5% to 9% range. The company aims to grow its Residential segment by 5% to 7% and anticipates adjusted EBITDA growth of 6% to 10% year-over-year. AZEK is investing in new products, channel expansion, and brand initiatives, targeting $2 billion in addressable market opportunities with recent launches. Additionally, the company sees a positive momentum in its margins and plans for continued investments to drive growth, forecasting capital expenditures between $85 million and $95 million.Record Financial Results
Achieved record financial results with 12% year-over-year net sales growth in fiscal 2024, driven by high single-digit Residential sell-through growth and 18% sales growth in Deck, Rail & Accessories.
Margin Expansion
Delivered net profit margin expansion of 600 basis points year-over-year to 10.6% and adjusted EBITDA margin expansion of 560 basis points year-over-year to a record 26.3%.
Strong Cash Flow and Shareholder Returns
Generated $224 million of cash from operations and approximately $150 million of free cash flow. Returned $243 million to shareholders through share repurchase program.
New Product Launches and Market Opportunities
Introduced three new product platforms for 2025, accessing more than $2 billion of addressable market opportunity. Launched TimberTech Harvest+ collection, Versatex Xceed lap siding, and TrimLogic platform.
Digital and Brand Recognition
TimberTech Decking and Railing and AZEK Trim recognized by Builder and Remodeler Magazine's Brand Use Studies as #1 or #2 in brand awareness and usage. TimberTech Vintage Collection won Good Housekeeping's 2025 Home Renovation Award.
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AZEK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AZEK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 19, 2024 | $46.46 | $48.22 | +3.79% |
| Aug 07, 2024 | $36.81 | $39.16 | +6.38% |
| May 08, 2024 | $44.92 | $45.34 | +0.93% |
| Feb 06, 2024 | $39.60 | $45.35 | +14.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does AZEK Company Inc (AZEK) report earnings?
AZEK Company Inc (AZEK) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is AZEK Company Inc (AZEK) earnings time?
AZEK Company Inc (AZEK) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AZEK EPS forecast?
AZEK EPS forecast for the fiscal quarter 2025 (Q1) is $0.13.
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