Trex (TREX) Tops Q4 EPS by 1c; offers guidance

Trex (NYSE: TREX) reported Q4 EPS of $0.20, $0.01 better than the analyst estimate of $0.19. Revenue for the quarter came in at $196 million versus the consensus estimate of $193.24 million.

GUIDANCE:

Trex sees Q1 2024 revenue of $360-370 million, versus the consensus of $308.3 million.

Trex sees FY2024 revenue of $1.215-1.235 billion, versus the consensus of $1.218 billion.

In 2024, we expect to achieve double-digit sales growth, benefitting from mid-single-digit demand growth and the shift of our Early Buy program to the first quarter of this year from the fourth quarter of 2023.

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

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