What drove AZEK's EPS growth in Q4 2024?

AZEK's EPS growth in Q4 2024 was driven by several key factors:

1. **Net Sales Growth**: The company reported a robust 12% year-over-year net sales growth in fiscal 2024, which is a significant positive contributor to the EPS growth. This growth was particularly notable in the deck, rail, and accessories business, which led the industry with an 18% sales growth for the fiscal year.
2. **Strategic Initiatives**: AZEK's strategic initiatives for future market expansion and new product launches are likely to have positively influenced the EPS growth. The company outlined plans for accessing more than $2 billion of addressable market opportunity, which suggests a strong forward trajectory.
3. **Margin Expansion**: The company delivered a net profit margin expansion of 600 basis points year over year to 10.6%, and adjusted EBITDA margin expansion of 560 basis points to a record 26.3%. This significant margin expansion indicates improved profitability, which directly impacts EPS growth.
4. **Shareholder Returns**: AZEK returned $243 million to shareholders through its share repurchase program, which can enhance EPS when coupled with growth in net income. This reflects the company's commitment to shareholder value and can positively influence investor perceptions and market valuation.

In summary, AZEK's EPS growth in Q4 2024 was driven by strong net sales growth, strategic initiatives, margin expansion, and shareholder returns. These factors combined to deliver a robust financial performance and outlook for the future.