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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.
AZEK
AZEK
AZEK Revenue by Segment
Revenue by Segment
Residential Segment Revenue
CapyFin.comCommercial Segment Revenue
CapyFin.com 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