AZEK Shows Strong Third Quarter

The AZEK Company, a manufacturer of environmentally sustainable outdoor living products, saw third quarter consolidated net sales increase 46.4 per cent year-over-year to $327.5 million. Additionally, residential segment net sales increased 51.2 per cent to $291.2 million and net income increased by $73.9 million to $21.8 million. “During the quarter, we completed the second phase of our approximately $230 million multi-phase expansion plan and delivered over 50 per cent growth in our residential segment,” says Jesse Singh, chief executive officer for AZEK.