Trex Q2 net sales $357M, raises FY EBITDA margin guidance to 28-29%

TREX CO INC

2023-Q2 EPS reported $1.09 revenue$595,256,000

Q2 net sales $357M vs $386M prior year; net income $77M ($0.71 diluted EPS) vs $89M ($0.79).
Gross margin improved to 43.9% vs 40.7% YoY; EBITDA margin 32.8%.
Full-year 2023 revenue guidance initiated at $1.04B-$1.06B; Q3 revenue guided $280M-$290M.
FY EBITDA margin guidance raised to 28%-29% from 26%-27%; SG&A expected at high end of 15%-16%.
Repurchased 264,896 shares for $16M in Q2; Arkansas plant modular construction continues.

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 second quarter 2023 results: revenue $357 million, net income $77 million, EPS $0.71 per diluted share. Guidance raised.

Period: second quarter 2023
Revenue: $357 million
Net income: $77 million
EPS: $0.71 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

– all proudly manufactured in the U.S.A. – and a leader in outdoor living products, today reported second quarter 2023 results. Second Quarter 2023 Highlights Net sales of $357 million Second quarter gross margin of 43.9% Net income of $77 million and diluted earnings per share of $0.71 EBITDA of $117 million and EBITDA margin of 32.8% CEO Comments “This was an

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Source: SEC EDGAR

accession 0001157523-23-001191

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