Trex Earns 37 Cents per Share

After the bell, Trex (TREX) reported Q4 earnings of 37 cents per share. That beat the Street by a penny per share. Sales rose 39% to $228 million. The company made $1.55 per share for the year.

For Q1, Trex expects sales of $235 million to $245 million. The midpoint is a 20% increase. Wall Street had been expecting $237.51 million.

“We remain on track with our capital expenditure program to increase production capacity at our Trex Residential facilities in Virginia and Nevada. As recently announced, production in our new Virginia facility started in January 2021. When complete by June of this year, these investments will increase production capacity by approximately 70% and will further strengthen the Trex Company’s position as the industry’s leading composite decking manufacturer.

The stock is down a bit in the after-hours market.

Posted by on February 22nd, 2021 at 4:21 pm


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