Trex Company Reports Second Quarter 2019 Results
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Trex (TREX) Reports In-Line Q2 EPS, Revenues Beat; Offers Q3 Revenue Guidance Above Consensus
July 29, 2019 4:19 PM EDTTrex (NYSE: TREX) reported Q2 EPS of $0.64, in-line with the analyst estimate of $0.64. Revenue for the quarter came in at $206 million versus the consensus estimate of $201.72 million.
Second Quarter Highlights
Consolidated net sales were $206 millionConsolidated gross margin of 40.4%, inclusive of new product start-up and added material cost impacts of approximately 370 basis pointsConsolidated earnings per share of $0.61 per share; exclusive of a one-time severance expense, consolidated earnings per share was $0.64We continued to experience strong demand across our residential product portfolio and sales channels in the second quarter. Significant... More
