earnings
confidence high
sentiment positive
materiality 0.75
Trex Q3 net sales $234M, EPS $0.37; reaffirms FY2024 sales midpoint $1.14B, EBITDA margin high end 30.5%
TREX CO INC
2024-Q3 EPS reported
$1.99
revenue$983,822,000
- Q3 net sales down 23% to $234M; net income $41M ($0.37 diluted EPS), vs $65M ($0.60) last year.
- EBITDA $68M (margin 29.1%) vs $99M (32.7%) prior year; excluding warranty benefit, adjusted margins compare favorably.
- Year-to-date net sales up 9% to $984M; net income $217M ($1.99 per share), up 18% from $183M.
- Reaffirms FY2024 net sales guidance at midpoint $1.14B; expects EBITDA margin at high end of 30.5% guidance.
- Arkansas facility capex ~$550M, decking production in 2027; repurchased 1.6M shares for $100M YTD.