Trex (TWP), which makes the Trex brand of decking, fencing and railing using recycled materials announced mixed earnings results this morning and guided estimates lower for next quarter. The company reported an EPS of .44/share vs the estimate of .38/share, but revenues came in a bit on the light side missing consensus estimates by a few million at 85.4 million. The company expects 4th quarter revenue around 30 million which would represent zero growth over the year ago quarter. Analysts were expecting revenue of 34 million in Q4.
“We are pleased that our third-quarter sales exceeded those for last year’s period, although by a smaller amount than we originally forecasted. In the toughest economy in decades, our decking, railing and fencing sales have all held up well as a result of our outstanding brand recognition, best-in-class products, expanded product offering, and our leading distribution presence, said the CEO.