Trex (TREX) Tops Q1 EPS by 4c, Revenues Bat; Offers 2Q Revenues Outlook
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Trex Company Reports First Quarter 2021 Results
May 10, 2021 4:05 PM EDT
First Quarter Residential Revenue Growth of 25%
Capacity Expansion to be Completed Ahead of Schedule
36% Revenue Growth Expected in 2Q 2021 at Midpoint of Guidance
Reaffirms Full Year 2021 Incremental EBITDA Margin Guidance of 35% to 40%
First Quarter 2021 Highlights
- Consolidated net sales increased 23% to $246 million
- Diluted earnings per share of $0.42, up 17%
- EBITDA increased 20% to $71 million; EBITDA margin of 28.9%
- $46 million in share repurchases
WINCHESTER, Va.--(BUSINESS WIRE)-- Trex Company, Inc. (NYSE: TREX), the worlds #1 brand of composite decking and railing and... More
