Trex (TREX) Tops Q3 EPS by 3c, Revenues Beat; Offers 4Q Revenue Guidance Above Consensus
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Trex Company Reports Third Quarter 2020 Results
November 2, 2020 4:01 PM EST20% Residential Sales Growth Reflects Brand Leadership Amid Strong Secular Demand
Fourth Quarter Consolidated Sales Expected at $210 Million - $220 Million, Up 30% Year-on-Year at the Mid-Point
Strong Double-Digit Sales Growth Expected for Full Year 2021
Company Reinstates Share Buyback Program
Third Quarter Highlights
- Consolidated net sales increased 19% to $232 million
- Consolidated 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 $0.41
- Consolidated EBITDA margin of 26.6%; excluding the warranty... More
