The AZEK Company Announces First Quarter Fiscal Year 2021 Financial Results
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The AZEK Company Inc. (AZEK) Tops Q1 EPS by 4c, Revenues Beat
February 11, 2021 7:34 AM ESTThe AZEK Company Inc. (NYSE: AZEK) reported Q1 EPS of $0.15, $0.04 better than the analyst estimate of $0.11. Revenue for the quarter came in at $212.3 million versus the consensus estimate of $206.37 million.
FIRST QUARTER FISCAL 2021 HIGHLIGHTS
Consolidated net sales increased 27.8% year-over-year to $212.3 millionResidential segment net sales increased 36.8% year-over-year to $185.6 millionNet 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%CEO COMMENTS
Demand trends have continued their... More
