--Builders FirstSource announces $1B stock repurchase plan 07:43 BLDR
--Azek raises FY21 revenue view to up 28%-30% from up 10%-14%, consensus $1.12B 07:41 AZEK
--Azek reports Q3 adjusted EPS 21c, consensus 23c 07:39 AZEK Reports Q3 revenue $327.45M, consensus $291.53M. "The AZEK Company once again delivered strong revenue and growth within the quarter, driven primarily by solid execution and underlying demand for products across channels in our Residential businesses, and improving sales trends in our Commercial segment," commented Jesse Singh, Azek's CEO. "During the quarter, we completed the second phase of our approximately $230 million multi-phase expansion plan and delivered over 50% growth in our Residential segment. While we saw increasing inflation and availability challenges in materials, labor and transportation, we were able to navigate through these challenges to meet the exceptional underlying demand and modestly replenish inventory in the dealer channel. Our focus has and will continue to be on increasing service levels to our customers and our channel partners. Although we saw incrementally higher than expected costs within the quarter, we expect that our pricing and productivity actions will increasingly offset the impact of these higher costs, giving us conviction to deliver margin improvement as we look ahead to 2022."
--Coupang upgraded to Buy after earnings at Deutsche Bank 07:30 CPNG As previously reported, Deutsche Bank analyst Peter Milliken upgraded Coupang to Buy from Hold with a price target of $44, down from $46, noting that Q2 revenue rose 71% year-over-year to $4.5B and the company highlighted that its adjusted EBITDA was breaking even in the core business.