2021-01-19 18:10:23 AZEK Azek
01/19/21 01/1918:10 01/19/2118:10 | Azek sees Q1 revenue $209.1M-$213.4M, consensus $201.6MQ1 revenue outlook compares with $166.0M last year, representing an increase of 26%-29%, respectively. The company said, "The increase in our consolidated net sales reflects estimated net sales from our Residential segment of between $182.9M-$186.6M for the three months ended December 31, as compared to $135.7M for the Q1 of FY19, with such increase primarily due to higher organic net sales related to our decking, railing, accessories and exteriors product categories as well as favorable operational execution whereby the first phase of our capacity expansion plan came online faster than planned during the quarter. Demand trends remained strong across our Residential segment channel partners during the quarter. The increase in our net sales also reflects estimated net sales from our Commercial segment of between $26.2-$26.8M, as compared to $30.4M for the three months ended December 31, 2019, with such decrease primarily due to declining sales in our Scranton Products and Vycom businesses as the effects of COVID-19 continue to impact certain end markets." |
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Biotech Alert: Searches spiking for these stocks today »
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ADNOC considers investment in UGI's AmeriGas, Bloomberg says »
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DigiAsia Corp trading resumes
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TG Therapeutics call volume above normal and directionally bullish »
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JPMorgan software analyst holds an analyst/industry conference call »
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Li Auto put volume heavy and directionally bearish »
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Hims and Hers Health call volume above normal and directionally bullish »
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Maison Solutions to host conference call »
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Truist pharmaceuticals analyst holds an analyst/industry conference call »
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Planet Labs management to meet virtually with Benchmark »
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Tungray Technologies opens at $6.58, IPO priced at $4 per share »
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Childrens Place put volume heavy and directionally bearish »
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