The AZEK Company Inc. (NYSE:AZEK) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ET
Company Participants
Eric Robinson - IR
Jesse Singh - CEO, President & Director
Peter Clifford - SVP, CFO & Interim Principal Accounting Officer
Conference Call Participants
Timothy Wojs - Baird
Keith Hughes - Truist Securities
Matthew Bouley - Barclays
Michael Rehaut - JPMorgan
Philip Ng - Jefferies
Ryan Merkel - William Blair
Susan Maklari - Goldman Sachs
Operator
Good afternoon ladies and gentlemen. Welcome to the AZEK Company's Second Quarter 2023 Earnings Call. [Operator Instructions]. Please be advised that today's conference is being recorded. [Operator Instructions]
And now at this time I'd like to hand over the conference to Mr. Eric Robinson, VP of Investor Relations. Please go ahead, sir.
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 financial results modestly ahead of our guidance for the fiscal second quarter of 2023, driven by steady residential and market demand, disciplined operational management, and an ongoing execution of our initiatives. I am very proud of the team as we navigate the year and lay the foundation for strong performance for years to come. Our team continues to execute our strategy and further strengthen our industry leading presence across the U.S. and Canada. We are on track to deliver against our strategic initiatives, including driving accelerated material conversion and growth through new product development and channel expansion. We continue to be excited by the opportunities within our approximately $14 billion core markets as well as the potential for growth and our adjacencies. We are confident in our growth strategy supported by the long term trends of wood conversion, outdoor living and demographic shifts, increasing the need for housing, combined with our proven ability to drive growth through innovation and other initiatives.