Trex Co (TREX) Reports Narrower Loss, But Light Revs, Moving Up On Guidance

Shares of Trex Co. (TREX) are surging nearly 12% today back to its yearly high after reporting a smaller loss than what analysts were expecting.  The company reported a loss of .31/share on revenues of $66.3 while analysts expected a .39/share loss on revenues of $71 million.  So a mixed report, but traders like the guidance.

The company sees sales for Q2 at $110 million vs the estimate of $99 million.  That would be about a 20% bump over the year ago quarter.

===> Click Here For Your FREE Trex Analysis

CEO Ronald Kaplan commented, “Demand for our new ultra-low-maintenance product, Trex Transcend(R), has been exceptionally strong. Transcend’s recent launch generated widespread excitement in the market place due to the offering’s unique combination of aesthetics and practicality, as well as our industry-leading warranty. The complementary Transcend railing system, which lets consumers mix or match decking and railing components to create the customized look they want, is also proving very popular.

Earnings are really expected to ramp up this year and next for Trex and the stock is up with big volume today, but I’m just not a big fan of the stock up at these levels. 

One thought on “Trex Co (TREX) Reports Narrower Loss, But Light Revs, Moving Up On Guidance”

  1. I’d expect to see earning go up–unlike many companies, Trex has a solid business plan that is well executed as well as a product that is both traditionally effective and innovative. Companies which are both socially responsible and seek higher profits are going to be extremely successful in the coming decade. Whole Foods is a great example of this.

Leave a Reply

Your email address will not be published. Required fields are marked *