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Sep 30, 2024
AZEK Q4 2024 Earnings Report
Delivered record fiscal year residential net sales, net income and adjusted EBITDA.
Key Takeaways
The AZEK Company reported a decrease in net sales for the quarter, primarily due to a shift in product purchases by channel partners and the sale of the Vycom business. However, the company highlighted strong financial results driven by strategic growth initiatives, with high-single-digit Residential sell-through growth.
Consolidated Net Sales decreased to $348.2 million.
Residential Segment Net Sales reached $327.3 million.
Net Income was reported at $28.4 million, with an EPS of $0.19 per share.
Adjusted EBITDA stood at $91.8 million, with an Adjusted Diluted EPS of $0.29 per share.
Revenue by Segment
Forward Guidance
AZEK anticipates continued growth in fiscal year 2025, driven by AZEK-specific initiatives, assuming a flat repair & remodel market.
Positive Outlook
- Expecting consolidated net sales between $1.51 to $1.54 billion, representing approximately 5% to 7% year-over-year growth.
- Adjusted EBITDA is expected to be in the range of $400 to $415 million, representing an increase of 5% to 9% year over year.
- Residential segment net sales in the range of $1.439 to $1.466 billion, representing approximately 5% to 7% year-over-year growth.
- Residential segment Adjusted EBITDA in the range of $388 to $401 million, representing approximately 6% to 10% year-over-year growth.
- Commercial segment’s Scranton Products business to deliver net sales in the range of $71 to $74 million and Segment Adjusted EBITDA in the range of $12 to $14 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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