This TimberTech Advanced PVC balcony paired w/ an Atlantic Cable Railing System is perfect for ocean views🌊

With over 45 years of trusted craftsmanship, Care Free Homes has built a reputation as an A+ BBB accredited contractor.

Call (508) 997-1111 and get your FREE quote!
#TimberTech #AZEK

AZEK Strategic Move: Scranton Products Division Sold as Company Sharpens Focus on Outdoor Living AZEK divests commercial division Scranton Products to PE firm Sky Island Capital. Leading manufacturer of HDPE bathroom partitions begins new chapter. Get deal insights.

#AZEK The AZEK® Company Announces Sale of Commercial Segment’s Scranton Products Business to Sky Island Capital

www.stocktitan.net/news/AZEK/the-azek-compa...

Click Subscribe. #JamesHardie #ASX #AZEK #Investing #CreditDeal

AZEK Earnings Surge: Residential Sales Hit $437M as Merger with James Hardie Looms Strong Q2 results show 37.8% gross margins and reaffirmed 2025 outlook. Discover how AZEK's merger with James Hardie could accelerate growth. See full analysis.

#AZEK The AZEK Company Announces Second Quarter Fiscal 2025 Results; Reaffirms Fiscal Year 2025 Net Sales and Adjusted EBITDA Outlook

www.stocktitan.net/news/AZEK/the-azek-compa...

Halper Sadeh LLC Investigates Companies for Shareholder Rights Violations Halper Sadeh LLC is conducting a legal investigation into AZEK, BRDG, and FNA for potential breaches of shareholder rights and securities laws concerning their planned sales.

Halper Sadeh LLC Investigates Companies for Shareholder Rights Violations #United_States #New_York #FNA #BRDG #AZEK

Looking for FREE stock market news?

Check out Alpha Coverage: wealthwisedca.substack.com/p/alpha-cove...

Tickers & Topics covered this week:
#RDW #HOOD #ASPI #RKLB #TSM #INTC #NVDA #AVGO #AZEK #JHX #TSLA #OKLO #GOOG #CME #URA #CCJ #TBLA #CRM #LITE #COHR #MSFT #AAPL #AMD #ACHR #AUR #APP #SQM #BLUE

Halper Sadeh LLC Conducts Shareholder Investigations for AZEK, LNSR, and DNB Halper Sadeh LLC is probing AZEK, LNSR, and DNB for possible federal securities law violations and breaches of fiduciary duty. Shareholders can take action.

Halper Sadeh LLC Conducts Shareholder Investigations for AZEK, LNSR, and DNB #USA #New_York #Halper_Sadeh #AZEK #LNSR

Fitch revises outlook for James Hardie to negative after AZEK acquisition plan Investing.com -- Fitch Ratings has changed the Rating Outlook for James Hardie (NYSE:JHX) International Group Ltd. and its subsidiaries to Negative from Stable, following the company’s announcement of plans to acquire The AZEK Company, Inc. The transaction, valued at $8.75 billion, has led to concerns about increased and sustained EBITDA leverage for James Hardie. Despite this, Fitch has maintained James Hardie’s Issuer Default Rating (IDR) at ’BBB’. The acquisition of AZEK will see shareholders receive $26.45 in cash and 1.034 ordinary shares of James Hardie stock for each share of AZEK stock. The cash portion of the transaction will be funded with debt, a move that will increase James Hardie’s EBITDA leverage to over 3x from 1.1x. Fitch, however, sees the acquisition as beneficial to James Hardie’s business profile as it enhances scale, diversifies product offerings, and increases exposure to the relatively stable repair and remodel (R&R) segment. Fitch predicts that EBITDA leverage on a combined pro forma basis will be around 3.7x, compared with 1.1x for the LTM ending Dec. 31, 2024. The company’s leverage is expected to remain elevated at FYE2026 (ending March 31) and settle around 2.9x at FYE2027 before declining to 2.5x or lower by FYE2028. Fitch’s forecast assumes debt reduction and EBITDA growth in fiscal years 2027 and 2028. James Hardie is expected to face a challenging demand environment in its end markets through at least calendar year 2025. Fitch projects that revenues for the combined company will improve by a low-single digits percentage in FY2026 and grow by a mid-single digits percentage in FY2027. The company is expected to benefit from higher pricing and ongoing material conversion for its products, offsetting volume weakness in the medium term. Fitch calculates that on a combined basis, EBITDA margin is around 26.3%, excluding any potential cost synergies. EBITDA margins are expected to settle between 25.5% to 26.5% in FY 2026, 27%-28% in FY2027 and 27.5%-28.5% in FY2028. Fitch’s forecast also assumes synergies of $25 million-$35 million in FY2026, $70 million-$80 million in FY2027 and $105 million-$115 million in FY2028. Fitch projects James Hardie to generate an FCF margin of 7%-8% in FY2026, 10%-11% in FY2027 and reach 11.5%-12.5% in FY2028. The company is expected to use FCF to repurchase $500 million of its stock within 12 months after the acquisition and $500 million of debt reduction in FY 2027. After the acquisition, James Hardie will hold leadership positions in the fiber cement siding and backboard and the residential outdoor living market. The company’s end-market and geographic diversity will help mitigate regional and end-market downturns. The addition of Azek will expand James Hardie’s product offerings. James Hardie is obligated to make payments to the Asbestos Injuries Compensation Fund (AICF). Fitch’s forecast assumes annual AICF contributions of about $100 million. This amount is subtracted from Fitch’s EBITDA calculation. James Hardie’s leverage metrics, including EBITDA leverage of 1.1x, are stronger than investment-grade building products peers. However, James Hardie has lower revenue and narrower product offerings than these peers, and it also has less end-market diversification. Key assumptions include the closure of the AZEK acquisition during mid-year FY2026, organic revenue growth of low single digits in FY2026 and mid-single digits in FY2027, and EBITDA leverage around 3x at FYE2027 and at or below 2.5x at FYE2028. Factors that could lead to a negative rating action include EBITDA leverage sustained above 2.0x, (CFO-Capex)/Debt sustained below 15%, FCF margin below 3%, and a meaningful change in the company’s obligations to fund its asbestos liabilities. An upgrade is unlikely in the intermediate term given the company’s size and narrow product offering. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Click Subscribe #Fitch #JamesHardie #AZEK #Acquisition #StockMarket

Fitch places AZEK on positive rating watch amid acquisition by James Hardie Investing.com -- Fitch Ratings has placed the AZEK Company Inc and The AZEK Group LLC (AZEK) Long-Term Issuer Default Ratings (IDRs) of ’BB’ and all issue-level ratings on Rating Watch Positive (RWP). This announcement follows the news that AZEK is set to be acquired by James Hardie (NYSE:JHX) Industries plc (James Hardie; BBB/Negative). As part of the agreement, AZEK shareholders will receive $26.45 in cash and 1.034 ordinary shares of James Hardie for each AZEK share at closing. The transaction is expected to significantly enhance the combined company’s scale, geographic footprint, and customer and product portfolio, thus strengthening profitability and cash flows. Fitch intends to resolve the Rating Watch upon the closure of the transaction, which is anticipated in the second half of 2025. The total transaction value of the acquisition is $8.75 billion, representing a 22.4x EBITDA multiple based on AZEK’s last twelve months (LTM) EBITDA of $390 million. The combined entity’s pro forma revenues are projected to reach approximately $5.9 billion, with an EBITDA over $1.4 billion before synergies. The proposed combination is expected to benefit AZEK’s business profile by improving the company’s scale, expanding its product offerings to include a wider range of exterior siding products, and strengthening global geographic diversification. However, Fitch views the combined entity as having weaker credit metrics, with EBITDA leverage on a pro forma basis of around 3.7x, compared to AZEK’s standalone EBITDA leverage of 1.2x for the LTM ended Dec. 31, 2024. Despite a weak demand environment, Fitch expects the combined entity to benefit from higher pricing and a continued shift toward engineered outdoor products and fiber cement siding. AZEK’s profitability is reflected in its Fitch-calculated EBITDA margin of 25.5% in fiscal 2024. On a combined basis, the Fitch-calculated EBITDA margin is around 26.3%, excluding any potential cost synergies. Fitch believes the combined entity will benefit from economies of scale and the innovative product offering, enabling it to maintain strong pricing and above-average margins compared to its peers. AZEK, a leading player in the residential outdoor living market, is expected to capitalize on long-term shift away from traditional materials, such as wood, to drive above-market growth. The company is designing and implementing remediation plans to address identified material weaknesses in the company’s internal control over financial reporting. This comes after an independent investigation revealed an overstatement of inventory and an understatement of cost of sales due to misstated inventory by a former employee. AZEK holds a strong market position in North America for residential composite outdoor living, with an estimated 30% share of the composite decking and railing market. The ’BB’ IDR reflects AZEK’s leading market position, favorable end-market mix, positive FCF generation and conservative financial policies. Fitch expects revenue to grow organically 5%-6% in 2025 and 2026, with an EBITDA margin of 24.5% - 25.5% in the same period. EBITDA leverage of 1.0x-1.5x is expected at fiscal year-end 2025 and 2026 due to EBITDA growth. Fitch will resolve the RWP upon the completion of the contemplated transaction under proposed terms. If the transaction does not close, a positive ratings action could result from sustained EBITDA margin at or above 20%, remediation of the material weaknesses in internal control over financial reporting, and Fitch’s expectation that EBITDA leverage will sustain below 3.0x. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Click Subscribe #FitchRatings #AZEK #JamesHardie #Acquisition #PositiveOutlook

Halper Sadeh LLC Launches Investigations into AZEK, LNSR, and DNB Shareholder Rights Halper Sadeh LLC is investigating AZEK, LNSR, and DNB for possible violations of federal securities laws, seeking increased shareholder rights and options.

Halper Sadeh LLC Launches Investigations into AZEK, LNSR, and DNB Shareholder Rights #United_States #New_York #AZEK #LNSR #DNB

James Hardie to Acquire AZEK in $8.75B Cash and Stock Deal, Offering 26% Premium.

Link: youtube.com/shorts/QeS1E...

#AZEK #AZEKStock #AZEKNews #AZEKStockNews #AZEKAcquisition #JHXStock #JHXNews #JHXStockNews #JamesHardie #JamesHardieStock #JamesHardieNews #JamesHardieStockNews #JamesHardieAZEK

Australia’s James Hardie to buy US-based Azek for $8.8 bln; shares hit 17-mth low About Us Advertise Help & Support Authors Blog Mobile Portfolio Widgets Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Click Subscribe #JamesHardie #Azek #merger #stocks #investing

James Hardie and AZEK to Combine Creating a Leading Building Products Growth Platform James Hardie (JHX) and AZEK have announced a definitive agreement to combine in a transaction valued at $8.75 billion, including AZEK's net debt of $386 million. Under the agreement, AZEK shareholders will receive $26.45 in cash and 1.0340 JHX ordinary shares for each AZEK share, representing a total value of $56.88 per share and a 26% premium.The merger creates a leading exterior and outdoor living building products platform, uniting complementary products across siding, exterior trim, decking, railing, and pergolas. Post-transaction, JHX and AZEK shareholders will own approximately 74% and 26% of the combined company, respectively.Key financial highlights include:Expected generation of at least $350 million in additional annual adjusted EBITDA from synergiesCombined net sales of $5.9 billion and adjusted EBITDA of $1.8 billionCost synergies of $125 million and commercial synergies of $500 millionProjected annual free cash flow exceeding $1 billion once synergies are realizedThe transaction is expected to close in the second half of 2025, subject to regulatory approvals and AZEK shareholder approval.

#JHX #AZEK James Hardie and AZEK to Combine Creating a Leading Building Products Growth Platform

www.stocktitan.net/news/JHX/james-hardie-an...

Bull of the Day: The AZEK Company (AZEK) Who else is beating and raising?

Should hide out in the maker of TimberTech decking? #AZEK www.zacks.com/commentary/2...

AZEK Crushes Q1 Revenue Targets: Residential Sales Hit Record $272M as Growth Accelerates AZEK delivers stellar Q1 performance with 19% sales growth to $285.4M, driven by robust residential segment. Company raises FY2025 guidance amid strong market momentum and execution.

#AZEK The AZEK Company Announces First Quarter Fiscal 2025 Results; Raises Full-Year Fiscal 2025 Net Sales and Adjusted EBITDA Outlook

www.stocktitan.net/news/AZEK/the-azek-compa...

Azek tonight. It has only missed once since it went public in 2020. Shares near all-time highs. TimberTech decking and pergolas. #AZEK

AZEK Announces CFO Transition: Ryan Lada to Succeed Peter Clifford in Executive Reshuffle AZEK promotes Ryan Lada to CFO and Matthew Wiora to Chief Accounting Officer as Peter Clifford departs. Leadership changes effective January 2025 amid strategic growth initiatives.

#AZEK The AZEK Company Announces Chief Financial Officer Transition and Internal Promotions

www.stocktitan.net/news/AZEK/the-azek-compa...

#AZEK The AZEK® Company to Present at the UBS Global Industrials and Transportation Conference

www.stocktitan.net/news/AZEK/the-azek-compa...

#AZEK The AZEK Company Announces Fourth Quarter and Full-Year Fiscal 2024 Results

www.stocktitan.net/news/AZEK/the-azek-compa...

#AZEK The AZEK Company Announces Strategic Distribution Partnership With Capital Lumber to Service the Western United States

www.stocktitan.net/news/AZEK/the-azek-compa...

#AZEK StruXure by AZEK Unveils 2025 Line of Progressive Outdoor Solutions

www.stocktitan.net/news/AZEK/stru-xure-by-a...