The AZEK Company Inc. (AZEK) Tops Q1 EPS by 4c, Revenues Beat
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The AZEK Company Announces First Quarter Fiscal Year 2021 Financial Results
February 11, 2021 7:30 AM ESTStrong Sales Growth and Margin Expansion Continue; Capacity Expansion On-Track; Announcing Goal to Reach 1 Billion Pounds of Recycle Annually; Raising Full-Year Fiscal 2021 Outlook
FIRST QUARTER FISCAL 2021 HIGHLIGHTS
Consolidated net sales increased 27.8% year-over-year to $212.3 million Residential segment net sales increased 36.8% year-over-year to $185.6 million Net income of $10.2 million, driven by sales growth, margin expansion and lower interest expense; Net Margin of 4.8% Adjusted EBITDA increased 43.3% year-over-year to $48.5 million; Adjusted EBITDA Margin expanded 240 basis points to 22.8%OUTLOOK HIGHLIGHTS
Raising Fiscal 2021 Outlook Expecting consolidated net sales growth of... More