The AZEK Company Inc. (NYSE:AZEK) Q3 2023 Earnings Conference Call August 8, 2023 5:00 PM ET

Company Participants

Eric Robinson – Investor Relations

Jesse Singh – Chief Executive Officer

Peter Clifford – Chief Financial Officer

Conference Call Participants

Phil Ng – Jefferies

Michael Rehaut – JPMorgan

Ryan Merkel – William Blair

Keith Hughes – Truist

Tim Wojs – Baird

Susan Maklari – Goldman Sachs

Trey Grooms – Stephens

John Lovallo – UBS

Adam Baumgarten – Zelman & Associates

Rafe Jadrosich – Bank of America

Joe Ahlersmeyer – Deutsche Bank

Kurt Yinger – D.A. Davidson

Steven Ramsey – Thompson Research Group

Operator

Welcome to the AZEK Company’s Third Quarter Fiscal 2023 Earnings Call. At this time, all participants are in listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. Please be advised that today’s conference is being recorded.

I’d like to hand the conference over to Eric Robinson. Please go ahead, Eric.

Eric Robinson

Thank you, and good afternoon, everyone. We issued our earnings press release and the supplemental earnings presentation this afternoon to the Investor Relations portion of our website at investors.azekco.com. The earnings press release was also furnished by an 8-K on the SEC’s website. I’m joined today by Jesse Singh, our Chief Executive Officer; and Peter Clifford, our Chief Financial Officer.

I would like to remind everyone that during this call, we may make certain statements that constitute forward-looking statements within the meaning of the federal securities laws, including remarks about future expectations, beliefs, estimates, forecasts, plans and prospects. Such statements are subject to a variety of risks and uncertainties as described in our periodic reports filed with the Securities and Exchange Commission that could cause actual results to differ materially.

We do not undertake any duty to update such forward-looking statements. Additionally, during today’s call, we will discuss non-GAAP financial measures, which we believe can be useful in evaluating our performance. These non-GAAP measures should not be considered in isolation or as a substitute for results prepared in accordance with GAAP. Reconciliations of such non-GAAP measures can be found in our earnings press release, which is posted on our website.

Now, let me turn the call over to AZEK’s CEO, Jesse Singh.

Jesse Singh

Good afternoon, and thank you for joining us. The AZEK team delivered strong financial results driven by continued execution of our growth and productivity initiatives, operational performance, and double-digit residential sell-through. I am very proud of the team as we delivered these results through our continued focus on growth through new products, material conversion, and customer expansion.