The AZEK Company Inc. (AZEK) Tops Q4 EPS by 5c
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The AZEK Company Announces Fourth Quarter and Full Year Fiscal 2020 Financial Results
December 3, 2020 7:00 AM ESTReports Strong Sales Growth and Margin Expansion; Key Initiatives On-Track; Expects Double Digit Sales Growth in Fiscal 2021
FOURTH QUARTER FISCAL 2020 HIGHLIGHTS
Consolidated net sales increased 22.4% year-over-year to $263.9 million Residential segment net sales increased 30.0% year-over-year to $232.7 million Net loss of ($64.4) million, largely driven by $102.2 million of IPO and secondary offering related expenses; Net Margin of (24.4%) Adjusted EBITDA increased 25.9% year-over-year to $66.1 million; Adjusted EBITDA Margin expanded 60 basis points to 25.0%OUTLOOK HIGHLIGHTS
First Quarter Fiscal 2021 Outlook Expecting consolidated net sales growth in the low 20% range year-over-year... More