The AZEK Company Announces $50 Million Accelerated Share Repurchase Program
The AZEK Company Inc. Class A (AZEK)
Company Research
Source: Business Wire
CHICAGO--(BUSINESS WIRE)--The AZEK Company Inc. (NYSE: AZEK) (“AZEK” or the “Company”), the industry-leading manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living products, including TimberTech® decking, Versatex® and AZEK Trim®, and StruXure™ pergolas, today announced it has entered into an accelerated share repurchase agreement (“ASR”) with JPMorgan Chase Bank, National Association (“JPMorgan”) to repurchase $50 million of the Company’s Class A common stock.The Company is funding the share repurchases under the ASR with existing cash resources. Under the terms of the ASR, the Company will receive an initial delivery of approximately 2.4 million shares of Class A common stock from JPMorgan, with the final settlement scheduled to occur no later than July, 2022. The final number of shares to be repurchased under the ASR will be based generally on the average of AZEK’s daily volume-weighted average price per share of Class A common stock during a
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AZEK
News
- The AZEK Company (AZEK) Increases Yet Falls Behind Market: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Down -9.62% in 4 Weeks, Here's Why The AZEK Company (AZEK) Looks Ripe for a Turnaround [Yahoo! Finance]Yahoo! Finance
- The AZEK Company Inc. (NYSE: AZEK) is now covered by analysts at Benchmark Co.. They set a "buy" rating and a $55.00 price target on the stock.MarketBeat
- TimberTech® Composite Decking Recognized by Industry and Design Professionals for Performance, Innovation and SustainabilityBusiness Wire
- The AZEK® Company Inc. Announces Fiscal Second Quarter 2024 Earnings Release and Investor Conference Call on May 8, 2024 [Yahoo! Finance]Yahoo! Finance
AZEK
Earnings
- 2/6/24 - Beat
AZEK
Sec Filings
- 4/12/24 - Form 4
- 4/10/24 - Form 144
- 4/2/24 - Form 4
- AZEK's page on the SEC website