---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-021666"
form_type: "8-K"
ticker: null
cik: "0001782754"
company_name: "AZEK Co Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T12:13:03.659821+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# AZEK restates FY2021-2023 due to inventory fraud; preliminary Q2 beats, raises FY2024 outlook

## Summary
- Former employee misstated inventory; income overstated $26-29M aggregate across FY2021-2023 and prior; financials no longer reliable.
- Preliminary Q2 FY2024 net sales $418.4M (+11% YoY); residential segment $402.5M (+18% YoY).
- YTD FY2024 net income $74-75M, adjusted EBITDA $167-169M (margin ~25.3-25.6%).
- Audit Committee concluded restatement; no management involvement; material weaknesses expected.

## SEC filing metadata
- accession: 0001628280-24-021666
- form_type: 8-K
- cik: 0001782754
- company_name: AZEK Co Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1782754/000162828024021666/0001628280-24-021666-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1782754/000162828024021666/azek-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-021666
- JSON: https://secwatch.observer/filing/0001628280-24-021666.json
- Plain text: https://secwatch.observer/filing/0001628280-24-021666.txt

## Key facts
- Auditor Changes
  AZEK Co Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: PricewaterhouseCoopers LLP
  source text: the Audit Committee concluded that the consolidated financial statements for the Affected Periods should no longer be relied upon due to the net overstatements described above.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1782754/000162828024021666/0001628280-24-021666-index.htm
- Earnings Releases
  AZEK Co Inc. reported the six months ended March 31, 2024 results: revenue Consolidated Net Sales of $658.9 million, net income Net income in the range of $74 to $75 million. Guidance raised.
  - Period: the six months ended March 31, 2024
  - Revenue: Consolidated Net Sales of $658.9 million
  - Net income: Net income in the range of $74 to $75 million
  - Guidance: raised
  - Result: preliminary results
  source text: For the six months ended March 31, 2024, AZEK expects to report results, including: • Consolidated Net Sales of $658.9 million, representing 11% year-over-year growth o Adjusted Net Sales excluding results for Vycom increased 19% year-over-year • Net income in the range of $74 to $75 million • Net profit margin in the range of 11.2% to 11.4% • Adjusted EBITDA in the range of $167 to $169 million • Adjusted EBITDA margin in the range of 25.3% to 25.6%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1782754/000162828024021666/0001628280-24-021666-index.htm
- Earnings Releases
  AZEK Co Inc. reported the three months ended March 31, 2024 results: revenue Consolidated Net Sales of $418.4 million. Guidance raised.
  - Period: the three months ended March 31, 2024
  - Revenue: Consolidated Net Sales of $418.4 million
  - Guidance: raised
  - Result: preliminary results
  source text: Growth and Material Conversion PRELIMINARY FINANCIAL RESULTS For the three months ended March 31, 2024, AZEK expects to report results, including: • Consolidated Net Sales of $418.4 million, representing 11% year-over-year growth o Adjusted Net Sales excluding results for Vycom increased 17% year-over-year • Residential Segment Net Sales of $402.5 million,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1782754/000162828024021666/0001628280-24-021666-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.