Last 7 days, The AZEK Company (AZEK) posted earnings.
The company reported that its net income for the fourth quarter of fiscal 2020 improved by in excess of $48 million to $63 million from $215 million in the fourth quarter of fiscal 2019.
So, certainly, People are decking out their decks through the coronavirus pandemic as they invest in properties to migrate out of towns.
“I am extremely very pleased of our accomplishments in fiscal 2020 as we completed a pretty critical year for AZEK and attained several vital milestones,” commented Jesse Singh, AZEK’s Main Executive Officer. “During the yr, we grew to become a community business, productively managed via an ecosystem impacted by COVID-19 and sent sturdy monetary effects. Our workforce has done an outstanding position of executing and we ended the yr with robust momentum as our fourth quarter Residential segment advancement accelerated and our margins expanded. Importantly, we remain on keep track of with our capacity expansion program and crucial strategic initiatives of progress through innovation, margin growth through recycling and AIMS, commitment to ESG, and constructing on our core strengths of brand name, producing, R&D and purchaser connection.”
Singh joined TheStreet to talk about the traits he is seeing and what he expects from individuals in 2021.
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