The AZEK Company, Inc. (NYSE:AZEK) Q2 2022 Earnings Conference Call May 10, 2022 10:00 AM ET

Company Participants

Chris Russell - Head of Corporate Development and Investor Relation

Jesse Singh - Chief Executive Officer

Pete Clifford - Chief Financial Officer

Conference Call Participants

Keith Hughes - Truist

Josh Chan - Robert W. Baird

Michael Rehaut - JPMorgan

Matthew Bouley - Barclays

John Lovallo - UBS

Ryan Merkel - William Blair

Susan Maklari - Goldman Sachs

Phil Ng - Jefferies

Mike Dahl - RBC Capital Markets

Alex Rygiel - B. Riley

Operator

Welcome to The AZEK Company's Second Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. After speakers remarks there will be question and answer session. Please be advised that today's conference is being recorded.

I'd now like to hand the conference over to Chris Russell. Please go ahead, Chris.

Chris Russell

Thank you, and good morning, everyone. We issued our earnings press release this morning to the Investor Relations portion of our website at investors.azekco.com as well as via 8-K on the SEC's website.

I am joined today by Jesse Singh, our Chief Executive Officer; and Pete 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 to our website.

At this point, I will turn the call over to AZEK CEO, Jesse Singh.

Jesse Singh

Good morning, and thank you for joining today's call. The AZEK team delivered record second quarter performance, highlighted by a 35% increase in net sales and a 27% increase in adjusted EBITDA over the comparable period last year. We have consistently posted strong results each quarter since our initial public offering in June of 2020 and have growing momentum as a company.