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AZEK Co Inc.

azekco.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2025 10-Q, filed May 7, 2025. Its latest SEC filing is a SCHEDULE 13G/A from Aug 6, 2025.

The sections below describe the company as of the FY2024 annual report.

What Did They Do?

Makes engineered decking, railing and home-exterior products for homeowners, contractors and builders.

How Did They Make Money?

Customers order products at fixed prices based on product specifications; the company counts each sale when the goods ship, under typically short-term contracts.

FY2024 revenue

Who Were Their Customers?

Residential products reach contractors through distributors, dealers and home-improvement retailers; contractors typically buy at dealers and retailers. Commercial products are sold through dealers to institutional and commercial customers, with architects and facilities managers shaping specifications.

Did Revenues Turn Into Profits?

Yes. It kept 11 cents of every revenue dollar as net income in FY2024 and turned 10 cents into free cash flow.

Operating income, FY2024
15% of revenue
▲ +71% vs FY2023 ($123.8M, 9%)
Net income, FY2024
11% of revenue
▲ +146% vs FY2023 ($62.4M, 5%)
Free cash flow, FY2024
10% of revenue
▼ −46% vs FY2023 ($274M, 20%)

How Were They Changing?

Since the FY2024 annual report
Latest quarter: Q2 FY2025, the three months to Mar 31, 2025
Revenue
▲ +8%
vs $418.4M in Q2 FY2024
Net income
▲ +9%
vs $49.8M in Q2 FY2024
  • Jul 1, 2025 James Hardie completed its acquisition of AZEK AZEK became a wholly owned subsidiary, and its shares were removed from NYSE listing.
  • Jun 24, 2025 Sold Scranton Products to Sky Island Capital
  • May 6, 2025 Reaffirmed fiscal 2025 sales and adjusted EBITDA guidance Forecast net sales of $1.52 to $1.55 billion and adjusted EBITDA of $403 to $418 million.

Grew. Revenue grew 60% in 4 years, from $899.3M in FY2020 to $1.4B in FY2024, about 13% a year.

Who Did They Compete With?

Competes with UFP Industries, Culpeper Treated Lumber, Trex, Fortune Brands Innovations, Oldcastle APG, Westlake, Louisiana-Pacific, Cornerstone Brands, and Saint-Gobain Group

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