The AZEK Company Inc. (AZEK) Tops Q2 EPS by 2c
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The AZEK Company Announces Second Quarter Fiscal Year 2021 Financial Results
May 13, 2021 7:30 AM EDTContinued Strong Sales Growth and Margin Execution; Expanding Capacity Investment; Launched Inaugural ESG Report; Raising Full-Year Fiscal 2021 Outlook
SECOND QUARTER FISCAL 2021 HIGHLIGHTS
Consolidated net sales increased 19.4% year-over-year to $293.1 million Residential segment net sales increased 24.7% year-over-year to $262.2 million Net income increased $18.6 million year-over-year to $22.7 million; Net Margin expanded 600 basis points to 7.7% Adjusted EBITDA increased $15.7 million year-over-year to $71.5 million; Adjusted EBITDA Margin expanded 170 basis points to 24.4%1OUTLOOK HIGHLIGHTS
Raising Fiscal 2021 Outlook Expecting consolidated net sales growth of 23% to 26% year-over-year and Adjusted EBITDA growth of 25% to... More