AZEK COMPANY Reports Record Q4 Earnings with 27.6% Increase in Revenue to USD 388.8 Million

☀️Earnings Overview

AZEK COMPANY ($NYSE:AZEK) reported their FY2023 Q4 earnings results on November 28 2023, revealing a total revenue surge of 27.6% year over year to USD 388.8 million. Furthermore, the company’s net income for the fourth quarter was reported at USD 42.6 million, a marked improvement from the prior year’s figure of -4.8 million.

Analysis

GoodWhale has conducted an analysis of AZEK COMPANY‘s fundamentals. According to the Star Chart, AZEK COMPANY has a high health score of 8/10 indicating that the company is capable to safely ride out any crisis without the risk of bankruptcy, due to its strong cashflows and debt. Furthermore, the company is also classified as a ‘rhino’ which is a type of company that has achieved moderate revenue or earnings growth. AZEK COMPANY is strong in growth, medium in asset, profitability and weak in dividend. This type of company may be attractive to value investors who look for companies with strong fundamentals and are willing to wait for longer-term returns. Growth investors may also be interested in such companies, as they provide a safer option than businesses with volatility in their future growth potential. Investors who are looking for consistent dividend payments may not find AZEK COMPANY that appealing given its weak dividend score. More…

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…

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

Investors should take note of AZEK Company‘s strong fourth quarter financial performance. Total revenue for the quarter grew by 27.6%, reaching a new high of USD 388.8 million, and net income rose to an impressive USD 42.6 million. This is a dramatic improvement from the same period in the previous year, when the company recorded a net loss of -4.8 million.

This strong performance reflects the success of AZEK Company’s strategies and investments, which could be a sign of positive momentum going forward. Investors should keep an eye on this company in the future to see if its current growth trajectory continues.