Trex (TREX) Tops Q1 EPS by 10c, reaffirms guidanvce

Trex (NYSE: TREX) reported Q1 EPS of $0.82, $0.10 better than the analyst estimate of $0.72. Revenue for the quarter came in at $374 million versus the consensus estimate of $367.31 million.

GUIDANCE:

Trex sees FY2024 revenue of $1.215-1.235 billion, versus the consensus of $1.243 billion.
And EBITDA margin to be in the range of 30.0% and 30.5%, representing year-on-year revenue growth of 12% at the midpoint. In 2024, we plan to continue to invest in marketing and branding programs, R&D, new product development, and cost-out programs, all areas that have yielded substantial returns for Trex,” Mr. Fairbanks concluded.

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

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