Trex Co., Inc. (NYSE: TREX) reported Q1 EPS of $0.73, $0.20 worse than the analyst estimate of $0.93. Revenue for the quarter came in at $101 million versus the consensus estimate of $115.25 million. Expects strong 2Q on delayed start to decking season.

Chairman, President and CEO Ronald W. Kaplan commented, “The severe weather experienced throughout the country during the first quarter delayed the start of outdoor living project activity. Trex was affected by this trend. The impact was especially evident in March, when winter storms and low temperatures persisted throughout the month. Except for the weather-related impact to our sales, we are pleased with our first-quarter financial performance and remain confident about our strategy for the year.

“We believe Trex is optimally positioned across all key price segments with our high-performance decking and railing product platforms. Distributors and dealers are upbeat about our products and market strategy. In March, we were awarded top honors from two of the industry's most respected surveys – Peninsula Publishing's 2013 Building Products Brand Survey, which ranked Trex® as the number-one decking brand, and Green Builder Media's 2014 Reader's Choice Awards, which ranked us as the industry’s ‘greenest.’ These awards illustrate our brand and product leadership among trade professionals.

“In 2014, we are continuing the high-profile Engineered Artistry branding campaign we successfully launched last year. Macro-economic indicators, including rising consumer confidence and the strengthening home remodeling market, bode well for our prospects.

“For the second quarter of 2014, we expect net sales to be $125 million. This represents year-over-year growth of 27% for the quarter and 9% for the first six months of 2014.”

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