Trex (TREX) Tops Q1 EPS by 12c, Revenues Beat; Offers 2Q Revenue Mid-Point Guidance Below Consens
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Trex Company Reports First Quarter 2020 Results
May 4, 2020 4:01 PM EDTRobust Demand Across Decking Product Lines
Significant Margin Expansion Driven by Production Improvements and Expense Control
Brand Strength, Cost-Effective Manufacturing and a Strong Balance Sheet Position the Company for Long-Term Growth
Second Quarter Sales Estimate of $180 million to $190 million
First Quarter Highlights
Consolidated net sales increased 12% to $200 million Consolidated gross margin of 44.8%, up 620 basis points EBITDA margin was 29.4%, up 570 basis points Consolidated earnings per share of $0.73, up 35%WINCHESTER, Va.--(BUSINESS WIRE)-- Trex... More
