Trex (TREX) Tops Q4 EPS by 10c, Revenues Beat
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Trex Company Reports Fourth Quarter and Full Year 2019 Results
February 24, 2020 4:15 PM EST--Record Fourth Quarter and Full Year Revenue and Earnings--
--Strong Double-Digit Sales Growth Expected for 2020 Tied to Ramp-up of Additional Capacity--
--First Quarter 2020 Revenue Expected at approximately $200 Million, 11% Ahead of 2019 Levels--
-- Names Bryan H. Fairbanks President & CEO; James E. Cline appointed Chairman--
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 points Consolidated earnings per share of $0.61 per share, up 42%Full Year 2019... More
