Trex (TREX) Tops Q2 EPS by 8c
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Trex Company Reports Record Sales and Earnings in Second Quarter 2016
August 1, 2016 4:06 PM EDT--Operating Leverage Continues to Drive Record Profitability--
-- Net Sales Increased 7% to $146 Million, consistent with guidance
-- Gross Margin was 41.9%, a 350 basis point improvement
-- Diluted EPS was $0.79, up 36% year-on-year
WINCHESTER, Va.--(BUSINESS WIRE)-- Trex Company, Inc. (NYSE: TREX), the worlds number-one brand of decking and railing and leader in high-performance, low-maintenance outdoor living products, today reported financial results for the second quarter ended June 30, 2016.
Second Quarter 2016 Results
Net sales for the second quarter of 2016 were $146 million, 7%... More
