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Azek reports Q4 adjusted EPS 16c, consensus 17c
The Fly

Azek reports Q4 adjusted EPS 16c, consensus 17c

Reports Q4 revenue $304.6M, consensus $288.41M. "Our fiscal 2022 results reflect the key strategic investments we have made to sustainably grow our business, our ability to execute with agility and our team’s steadfast focus on our customers," said Jesse Singh, CEO of The AZEK Company. "We delivered $1.36 billion in net sales – representing an increase of 15% year-over-year – and generated $75 million of net income and $301 million in Adjusted EBITDA, despite persistently higher costs and a dynamic and complex economic environment. Since fiscal 2019, we have grown our annual net sales from $794 million to $1.36 billion, or by approximately 71%. During that same period, our net income (loss) grew from ($20) million to $75 million, and our Adjusted EBITDA grew from $180 million to $301 million, or by approximately 68%, and we continue to be confident and excited by the opportunity that is ahead of us," said Mr. Singh.

Published first on TheFly

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