Why did AZEK's net profit decline in Q4 2024?

The net profit of AZEK declined in Q4 2024 due to several factors:

1. **Soft Contributions from Segments**: Both the adjusted earnings and net sales declined year-over-year. This was due to soft contributions from both the Residential and Commercial segments of the company.
2. **Decline in Net Sales**: The Residential segment's net sales fell by 6.4% year-over-year to $327.3 million, while the Commercial segment's net sales dropped by 47% year-over-year to $19.4 million. This decline in net sales was due to softer trends in the broader repair and remodel market and uneven conditions in the construction sector.
3. **Impact of Business Sales**: The sale of the Vycom business in the Commercial segment had a significant impact, with a 47% year-over-year decline in net sales.

In summary, the decline in net profit was due to soft contributions from both the Residential and Commercial segments, decline in net sales and impact of business sales.

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|AZEK|AZEK.N|AZEK|2024 Q1|184.57373465612915|2.5148E7|169|
|AZEK|AZEK.N|AZEK|2024 Q2|173.02057613168725|4.9758E7|169|
|AZEK|AZEK.N|AZEK|2024 Q3|44.659353348729795|5.011E7|169|
|AZEK|AZEK.N|AZEK|2024 Q4|-27.702582141673677|2.8363E7|169|