Trex (NYSE: TREX) reported Q3 EPS of $0.68, $0.13 better than the analyst estimate of $0.55. Revenue for the quarter came in at $140 million versus the consensus estimate of $125.13 million.

“Our strong year-to-date performance across all key metrics has put us on track to achieve another year of record revenues and earnings in 2017. The positive momentum driving organic sales growth demonstrates the increasing strength of the Trex brand and the effective ways in which we are engaging with consumers and working collaboratively with the trade to deliver the very best in outdoor living experiences.

“For the remainder of the year, we expect total revenues to be approximately $118 million in the fourth quarter of 2017, comprised of a 9% increase in Trex Residential Products revenue to $104 million and a $14 million contribution from Trex Commercial Products. Based on fourth quarter revenue expectations, full year 2017 consolidated revenue growth would be 17%, while Trex Residential Products would be up 12%.

Third Quarter Highlights

• Consolidated Sales increased 32% to a record $140 million
• Trex Residential Products sales increased 23%
• Trex Residential Products gross margin expanded to 40.6%
• Earnings per share of $0.68

For earnings history and earnings-related data on Trex (TREX) click here.