earnings
confidence high
sentiment neutral
materiality 0.50
Trex Q1 sales $340M beat guidance; adj. EPS $0.60; full-year guidance reaffirmed
TREX CO INC
2025-Q1 EPS reported
$0.56
revenue$339,993,000
- Net sales $340M vs $374M last year (which included $40M extra channel inventory); Q2 guidance $370M-$380M.
- GAAP diluted EPS $0.56; adjusted diluted EPS $0.60; adjusted EBITDA $101M.
- Gross margin 40.5% vs 45.4% YoY, impacted by railing conversion costs and Enhance® refinements.
- New products launched in last 36 months accounted for 22% of trailing 12-month sales (up from ~10% last year).
- Full-year 2025 guidance reaffirmed: 5-7% revenue growth, adjusted EBITDA margin >31%; <5% of cost exposed to tariffs.