AZEK Surpasses Earnings Expectations in Fiscal First Quarter
CHICAGO (AP) - The AZEK Company Inc. (AZEK) reported earnings of $18.1 million in its fiscal first quarter, beating Wall Street expectations. Adjusted earnings per share came in at 17 cents, surpassing the consensus estimate of 14 cents.
Revenue also exceeded forecasts, reaching $285.4 million. Analysts had anticipated revenue of $265.7 million.
AZEK's full-year revenue projections range from $1.52 billion to $1.55 billion.
The company's stock has risen nearly 6% year-to-date. Shares closed Tuesday at $50.23, an increase of 27% over the past year.