Trex Company Reports Third Quarter 2019 Results
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Trex (TREX) Tops Q3 EPS by 4c, Revenues Miss; Offers Q4 Revenue Outlook
October 28, 2019 4:17 PM EDTTrex (NYSE: TREX) reported Q3 EPS of $0.72, $0.04 better than the analyst estimate of $0.68. Revenue for the quarter came in at $195 million versus the consensus estimate of $208.25 million.
Third Quarter Highlights
Consolidated net sales were $195 million, an increase of 17%Consolidated gross margin of 42.4%, up 200 basis pointsConsolidated earnings per share of $0.72 per share, up 44%Strong Demand Led to a 24% Increase in Trex Residential Product Sales --Higher Sales and Continued Sequential Gross Margin Expansion Drove Significant Operating Leverage Double-Digit Year-on-Year Sales Growth Expected for Fourth... More