Trex (TREX) Tops Q3 EPS by 6c
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Trex Company Reports Strong Results in Third Quarter 2021
November 8, 2021 4:05 PM ESTRobust Repair and Remodel Activity and Strong Demand for Trex Decking and Railing Products Drive 45% Revenue Growth
Strong Net Income Bolstered by Strong Operating Leverage
Announced Plans for Third Production Site to Address Long-Term Demand Trends and Pursue New Growth Opportunities
Fourth Quarter Consolidated Sales Expected at $295 Million to $305 Million, Up 31% Year-on-Year at the Mid-Point
Third Quarter 2021 Highlights
- Consolidated net sales increased 45% to $336 million
- Net income grew 73% to $74 million; diluted earnings per share of $0.64, up 73%
- EBITDA grew 76%... More
