AZEK Announces Secondary Stock Offering of up to 14M Class A Shares

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AZEK ($NYSE:AZEK), a leading manufacturer of premium building products, has announced a secondary stock offering of up to 14M Class A shares. The company is known for producing high-quality, low-maintenance solutions for the residential and commercial construction industries, including composite decking, porch flooring, and more. AZEK has made its mark on the stock market over the years with its steadfast commitment to high-quality product design and innovation. The company has seen tremendous success in the past few years as a result of its strong portfolio of products and services, as well as its dedication to customer satisfaction.

This secondary offering will provide AZEK with additional capital to expand its product line, invest in research and development, and pursue strategic acquisitions that will further solidify its position in the construction industry. The proceeds from this offering will also help AZEK maintain its competitive edge in the marketplace and provide customers with quality products and services for years to come. Investors looking to capitalize on AZEK’s potential should consider purchasing shares in this secondary offering.

Market Price

This news caused the company’s stock to open at $25.1 and close at $24.7, representing a 2.6% decrease from their prior closing price of $25.4 per share. The purpose of the secondary offering is to raise additional capital for the company, which can be used to expand their operations, fund acquisitions or other strategic initiatives. It is expected that after the offering is completed, the Class A shares will become available for trading on the Nasdaq Global Select Market. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Azek Company. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Azek Company. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Azek Company. More…

Key Ratios Snapshot

Some of the financial key ratios for Azek Company are shown below. More…

Analysis

Analyzing AZEK COMPANY‘s fundamentals with GoodWhale is a great way to get a comprehensive view of the company’s financial and business stability. Our Risk Rating shows that AZEK COMPANY is a medium risk investment, meaning there are certain aspects you should be aware of before investing in the stock. GoodWhale has detected three risk warnings in AZEK COMPANY’s income sheet, balance sheet and cashflow statement, so it’s important to take these into consideration. If you’re interested in learning more about these risk warnings and getting detailed insights about AZEK COMPANY, be sure to register on GoodWhale.com for the most accurate and up-to-date information. More…

Peers

The AZEK Co Inc competes with Louisiana-Pacific Corp, Byggma ASA, and Masco Corp in the market for wood-based building products. These companies all produce similar products, but AZEK has a competitive advantage in terms of product quality and customer service.

– Louisiana-Pacific Corp ($NYSE:LPX)

Louisiana-Pacific Corp is a publicly traded company with a market capitalization of $3.71 billion as of March 2022. The company has a return on equity of 63.05%. Louisiana-Pacific Corp is a leading manufacturer of building products and engineered wood products. The company’s products are used in a variety of applications, including residential construction, commercial construction, and industrial applications. Louisiana-Pacific Corp operates manufacturing facilities in the United States, Canada, and Chile.

– Byggma ASA ($LTS:0DVM)

Byggma ASA is a trusted provider of construction and building materials in Norway. The company has a market capitalization of 2.06 billion as of 2022 and a return on equity of 29.21%. Byggma ASA is committed to providing quality products and services to its customers, and its strong financial performance is a testament to its success. The company’s products and services are in high demand, and its customer base is growing. Byggma ASA is well-positioned to continue its growth and expansion in the Norwegian construction market.

– Masco Corp ($NYSE:MAS)

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our products include faucets, cabinets, windows, doors, plumbing fixtures, architectural hardware, lumber and other building materials. We operate more than 60 manufacturing facilities in the United States, Canada, Europe and Asia. Our products are sold under a variety of brand names including Delta®, Hansgrohe®, Brizo®, Axor®, InSinkErator®, KraftMaid®, Merillat®, QualityCabinets®, Masco Cabinetry®, Kichler®, Simonswerk® and many other regional brands. Our products are distributed through a variety of channels including home centers, mass merchants, Showrooms, International distributors, OEMs and other specialty retailers.

Summary

AZEK Company announced a secondary stock offering of up to 14 million Class A shares. Investors should consider the company’s financial position, growth trajectory, and competitive landscape before investing. AZEK is a building materials manufacturer, providing products that are low-maintenance and environmentally responsible. The company’s revenue and earnings have grown steadily over the past two years, as demand for their products has increased.

AZEK faces competition from both large companies and smaller local providers, which could decrease their market share. Potential investors should research the company’s competitive environment and assess whether AZEK will be able to sustain its growth in the long term.