Trex Company Reports Third Quarter 2020 Results
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Trex (TREX) Tops Q3 EPS by 3c, Revenues Beat; Offers 4Q Revenue Guidance Above Consensus
November 2, 2020 4:12 PM ESTTrex (NYSE: TREX) reported Q3 EPS of $0.41, $0.03 better than the analyst estimate of $0.38. Revenue for the quarter came in at $232 million versus the consensus estimate of $222.11 million.
Third Quarter Highlights
Consolidated net sales increased 19% to $232 millionConsolidated gross margin of 36.7%; excluding the warranty reserve charge, consolidated gross margin of 39.5%Consolidated diluted earnings per share of $0.37; excluding the warranty charge, diluted earnings per share of $0.41Consolidated EBITDA margin of 26.6%; excluding the warranty charge, consolidated EBITDA margin of 29.4%Trex brand leadership continues to position us at the forefront of strong... More
