The AZEK Company Inc. (AZEK) Tops Q3 EPS by 2c, Revenues Beat
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The AZEK Company Announces Third Quarter Fiscal Year 2020 Financial Results
August 13, 2020 7:00 AM EDTReports Results For First Time As A Public Company; Increasing Demand Drives Strong Q4 Outlook; Accelerating And Increasing Capacity Investments
THIRD QUARTER FISCAL 2020 HIGHLIGHTS
Residential segment net sales increased 5.5% year-over-year to $192.6 million; June net sales increased over 15% year-over-year Deck, Rail & Accessories net sales increased over 9% year-over-year Net loss of ($52.1) million, driven by $59.7 million of IPO-related and debt extinguishment expenses; Net Margin of (23.3%) Adjusted EBITDA increased 9.6% year-over-year to $57.8 million; Adjusted EBITDA Margin expanded 200 basis points to 25.8% Balance sheet significantly strengthened as IPO net proceeds were primarily... More