Trex Company Reports First Quarter 2024 Results
Trex Company, Inc. (TREX)
Last trex company, inc. earnings: 2/24 04:15 pm
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US:NYSE Investor Relations:
trex.com/our-company/investor-relations
Company Research
Source: Business Wire
Robust First Quarter Sales Reflect Double-Digit Sell-Through for Premium Products and Early Buy ProgramGross Margin Expansion Driven by Higher Utilization and Cost EfficienciesGuiding to Second Quarter Revenues of $380 million to $390 millionReaffirms Full Year 2024 Guidance WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company, Inc. (NYSE:TREX) (Trex or Company), the world’s #1 brand of high-performance, low-maintenance and eco-friendly composite decking and railing and a leading brand in outdoor living products, today announced financial results for the first quarter of 2024.First Quarter Financial 2024 HighlightsNet sales of $374 millionGross margin of 45.4%Net income of $89 million and diluted earnings per share of $0.82EBITDA of $133 million and EBITDA margin of 35.6%CEO Comments“This was an exceptionally strong quarter for Trex, reflecting the continued appeal of the Outdoor Living category and demonstrating strong consumer demand for Trex branded products. Sell-through for premium
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TREX
Earnings
- 5/9/24 - Beat
TREX
Sec Filings
- 5/17/24 - Form 4
- 5/15/24 - Form 144
- 5/9/24 - Form 10-Q
- TREX's page on the SEC website