Trex Company Reports Fourth Quarter and Full Year 2019 Results
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Trex (TREX) Tops Q4 EPS by 10c, Revenues Beat
February 24, 2020 4:18 PM ESTTrex (NYSE: TREX) reported Q4 EPS of $0.61, $0.10 better than the analyst estimate of $0.51. Revenue for the quarter came in at $165 million versus the consensus estimate of $159.37 million.
Fourth Quarter 2019 Highlights
Consolidated net sales were $165 million, an increase of 18%; Trex Residential net sales were up 25%Consolidated gross margin of 43.2%, up 40 basis pointsConsolidated earnings per share of $0.61 per share, up 42%Fourth quarter results were in line with our expectations for strong double-digit sales growth and sequential gross margin expansion. Our brand leadership and strong demand for our product line-up... More
