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  "notes": "Includes specific footnotes regarding divestiture and GAAP reconciliation.",
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      "text": "Assuming a flattish Residential repair & remodel market in 2024; AZEK expects to drive above-market Residential segment growth in the range of 7% to 10% y-o-y driven via initiatives; Known carryover: 1H24 plant utilization recovery and material savings; Expect strong gross margin performance to enable continued investment in growth initiatives; Adj. EBITDA Margin expected to be 25.5% to 26.1%; Targeting working capital reduction of ~$10 to $20M; ~$101M remaining under existing share repurchase program authorization; Commercial segment’s Scranton Products net sales and Adjusted EBITDA expected to be in the range of ~$70-$74 million and ~$14-$16 million, respectively, inclusive of ~$4 million of higher expenses associated with the Vycom divestiture",
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      "text": "Note: Reflects management estimates and assumptions. (1) Refer to Appendix for a discussion of why we are unable to reconcile Adjusted EBITDA and Adjusted EBITDA Margin guidance to their most comparable GAAP measures. (2) Depreciation expense in fiscal year 2023 was $86.2 million. (3) Assumes no incremental share repurchases. (4) Vycom's Adjusted EBITDA is a non-GAAP measure. See the appendix for a reconciliation of Vycom Adjusted EBITDA to its most comparable GAAP measure. (5) Refers to certain expenses associated with a third-party supply agreement with Vycom post divestiture.",
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      "text": "Metric, Current Range, Previous Range, Net Sales, $1,385 - $1,425, $1,335 - $1,395, Residential Segment Net Sales, $1,312 - $1,348, $1,262 - $1,318, Adjusted EBITDA, $353 - $372, $320 - $335, Residential Segment Adj. EBITDA, $340 - $356, $306 - $319, Capital Expenditures, $80 - $95, $70 - $95, Depreciation Expense, $89 - $92, $87 - $90, Interest Expense, net, $34 - $38, $36 - $40, Effective Tax Rate, ~29 - 31%, ~32 - 33%, FY Diluted Shares, ~148 million, ~149 million",
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      "text": "Fiscal Year 2024 Planning Assumptions",
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