Trex Q3 net sales $188M, down 44% YoY; EPS $0.13 vs $0.64; reaffirms Q4 guidance

TREX CO INC

2022-Q3 EPS reported $1.55 revenue$913,950,000

Q3 net sales $188M vs $336M YoY; net income $14M ($0.13 EPS) vs $74M ($0.64).
Gross margin fell to 24.5% from 38.2% due to distribution inventory drawdown and reduced production.
Repurchased 1.7M shares for $100M; remaining buyback authority 2.6M shares.
Reaffirms Q4 net sales guidance of $180M-$190M and full-year EBITDA margin 27%-29%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TREX CO INC reported third quarter 2022 results: revenue $188 million, net income $15 million, EPS $0.14 per diluted share. Guidance reaffirmed.

Period: third quarter 2022
Revenue: $188 million
Net income: $15 million
EPS: $0.14 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Third Quarter 2022 Highlights Consolidated net sales of $188 million Net income of $15 million; diluted earnings per share of $0.14, excluding severance charges

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Source: SEC EDGAR

accession 0001157523-22-001440

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