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Dec 31, 2024
AZEK Q1 2025 Earnings Report
AZEK reported strong first quarter results, driven by double-digit residential sell-through growth and raised full-year fiscal 2025 net sales and adjusted EBITDA outlook.
Key Takeaways
AZEK announced its fiscal first quarter 2025 results, with consolidated net sales increasing by 19% year-over-year to $285.4 million. The company's Residential segment saw a 22% increase in net sales. Net income decreased by 28% year-over-year to $18.1 million, while Adjusted EBITDA increased by 20% year-over-year to $65.9 million.
Consolidated Net Sales increased 19% year-over-year to $285.4 million.
Residential Segment Net Sales increased 22% year-over-year to $272.0 million.
Adjusted EBITDA increased 20% year-over-year to $65.9 million.
The company raised its full-year fiscal 2025 net sales and Adjusted EBITDA outlook.
Revenue by Segment
Forward Guidance
AZEK raised its full-year fiscal 2025 outlook, expecting consolidated net sales between $1.52 to $1.55 billion and Adjusted EBITDA in the range of $403 to $418 million.
Positive Outlook
- Expecting consolidated net sales between $1.52 to $1.55 billion, representing approximately 5% to 8% year-over-year growth.
- Adjusted EBITDA is expected to be in the range of $403 to $418 million, representing an increase of 6% to 10% year-over-year
- Residential segment net sales in the range of $1.452 to $1.479 billion, representing approximately 6% to 8% year-over-year growth.
- Segment Adjusted EBITDA in the range of $392 to $405 million, representing approximately 7% to 11% year-over-year growth.
- Capital expenditures for fiscal year 2025 are expected to be in the range of $85 to $95 million.
Challenges Ahead
- Planning assumptions continue to assume a relatively flat repair & remodel market.
- Mid-single digit Residential sell-through growth for the remainder of the year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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