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Stock impact report

Trex Company Reports First Quarter 2024 Results [Yahoo! Finance]

Trex Company, Inc. (TREX) 
Last trex company, inc. earnings: 2/24 04:15 pm Check Earnings Report
US:NYSE Investor Relations: trex.com/our-company/investor-relations
Company Research Source: Yahoo! Finance
Guiding to Second Quarter Revenues of $380 million to $390 million Reaffirms Full Year 2024 Guidance WINCHESTER, Va., May 09, 2024 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 Highlights Net sales of $374 million Gross margin of 45.4% Net income of $89 million and diluted earnings per share of $0.82 EBITDA 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 products was at double-digit levels in the first quarter, as our expanded portfolio drove strong end-market demand, and our channel partner Show less Read more
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