Trex (TREX) Beats With Strong Results

Trex (TREX), reported a strong quarter this morning reporting a Q2 non GAAP) EPS of $1.07 vs the analyst estimate of $0.59. Revenue for the quarter was $115.5 million, vs the estimate of $110.22 million.  This is a company that is about as seasonal as they come, so it doesn’t make sense to compare sequential results.  Quarter over quarter, the EPS number represented a more than 100% increase and on the revenue side about a 25% increase.  Nice quarter from TREX.

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CEO Ronald W. Kaplan commented, “Our sales were even stronger than expected in the second quarter. The additional manufacturing lines we retrofitted to produce our groundbreaking, ultra-low-maintenance product, Trex Transcend(R), helped us meet market demand while our complementary Transcend railing system, which offers consumers more colors, styles and shapes to create the look they want, also drove sales. In fact, our railing sales hit an all-time record in the month of June. At the same time, the enhancements we made to Trex’s traditional decking platform late last year continued to be well received, and sales of TrexTrim(TM) gained momentum during the quarter.

Shares of TREX are currently trading about flat at the open.

One thought on “Trex (TREX) Beats With Strong Results”

  1. I am glad Trex had a strong quarter. It is a strong business model, afterall, a product that is environmentally friendly, effective, and still inexpensive.

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