Trex Company TREX

Stock Discussions
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This company makes wood-alternative decking and railings for outdoor settings.

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2/11/20

Trex Company Reports Third Quarter 2020 Results

—20% Residential Sales Growth Reflects Brand Leadership Amid Strong Secular Demand—

—Fourth Quarter Consolidated Sales Expected at $210 Million - $220 Million, Up 30% Year-on-Year at the Mid-Point—

—Strong Double-Digit Sales Growth Expected for Full Year 2021—

—Company Reinstates Share Buyback Program—

Third Quarter Highlights

  • Consolidated net sales increased 19% to $232 million

  • Consolidated gross margin of 36.7%; excluding the warranty reserve charge, consolidated gross margin of 39.5%

  • Consolidated diluted earnings per share of $0.37; excluding the warranty charge, diluted earnings per share of $0.41

  • Consolidated EBITDA margin of 26.6%; excluding the warranty charge, consolidated EBITDA margin of 29.4%
    results