Trex Company Reports First Quarter 2020 Results
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Stephens Reiterates Equal Weight Rating on Trex (TREX) Following 1Q
May 6, 2020 6:58 AM EDTStephens analyst Trey Grooms reiterated an Equal Weight rating and $100.00 price target on Trex (NYSE: TREX) following the company's 1Q earnings report. TREX reported solid 1Q20 earnings that beat across the board, but were largely unaffected by the current pandemic.
TREX guided... More
Trex (TREX) Tops Q1 EPS by 12c, Revenues Beat; Offers 2Q Revenue Mid-Point Guidance Below Consens
May 4, 2020 4:04 PM EDTTrex (NYSE: TREX) reported Q1 EPS of $0.73, $0.12 better than the analyst estimate of $0.61. Revenue for the quarter came in at $200 million versus the consensus estimate of $197.71 million.
Consolidated net sales increased 12% to $200 millionConsolidated gross margin of 44.8%, up 620 basis pointsEBITDA margin was 29.4%, up 570 basis pointsConsolidated earnings per share of $0.73, up 35%First quarter 2020 results reflected continued robust demand for Trex residential decking and railing products. We reported strong year-over-year and sequential increases in gross margin due to continuing production improvements and the non-recurrence of prior year new product startup... More
