Trex Q2 net sales $376M (+6% YoY); full-year revenue guidance cut to $1.13-1.15B

TREX CO INC

2024-Q2 EPS reported $1.62 revenue$750,105,000

Q2 diluted EPS $0.80, up 13% from $0.71; net income $87M.
Net sales $376M (+6% YoY); gross margin 44.7% (+80 bps); EBITDA margin 34.6% (+180 bps).
Full-year 2024 revenue guidance lowered to $1.13B-$1.15B; prior implied higher.
Q3 revenue guidance $220M-$230M; full-year EBITDA margin guidance maintained at 30.0%-30.5%.
CEO cites softness in entry-level segment; premium products (Transcend, Signature) continued double-digit sell-through growth.

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