Trex (TREX) Misses Q1 EPS by 5c; Guides Below Views
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Trex Company Reports First Quarter 2019 Results
April 29, 2019 4:01 PM EDTStrong Demand for Trex Decking and Railing Continues
Product Mix in Line with Expectations
Consolidated and Residential Gross Margins Reflect New Product Start-up Costs; Progressive Gross Margin Improvement Expected Throughout 2019
First Quarter Highlights
Consolidated net sales increased 5% to $180 million New product start-up costs and related manufacturing inefficiencies of approximately $10 million in the quarter Consolidated gross margin of 38.6%, inclusive of new product start-up impact of approximately 560 bps Consolidated earnings per share of $0.54... More