Trex Q3 net sales $304M, gross margin 43.1%; raises FY 2023 revenue and EBITDA margin guidance

TREX CO INC

2023-Q3 EPS reported $1.69 revenue$899,092,000

Q3 net sales $304M vs $188M a year ago; non-recurrence of channel destocking drove volume growth.
Gross margin 43.1% (41.8% ex $3.8M warranty benefit) vs 24.5% last year; cost-out and plant performance helped.
Adjusted EBITDA $96M (31.5% margin) vs $31M (16.4%) in Q3 2022; net income $65M ($0.60 EPS).
Raises FY 2023 revenue guidance to ~$1.09B (midpoint) from $1.04-1.06B; adjusted EBITDA margin now 29-29.5%.
Q4 2023 revenue expected $185-195M; year-end channel inventories seen below year-end 2022 levels.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TREX CO INC reported the three months ended September 30, 2023 results: revenue $304 million, net income $65 million, EPS $0.60 per diluted share. Guidance reaffirmed.

Period: the three months ended September 30, 2023
Revenue: $304 million
Net income: $65 million
EPS: $0.60 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

and eco-friendly decking and railing and a leader in outdoor living products, today reported third quarter 2023 results. Third Quarter 2023 Highlights Net sales of $304 million Gross margin of 43.1%; 41.8% excluding $3.8 million warranty reserve benefit Net income of $65 million and diluted earnings per share of $0.60 Adjusted EPS of $0.57 excluding the

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TREX CO INC updated its full year 2023 guidance (raised).

Period: full year 2023
Guidance: raised
Result: guidance update

Exact text from the filing

Raising Full Year 2023 Revenue and Adjusted EBITDA Guidance

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TREX CO INC reported the nine months ended September 30, 2023 results: revenue $899 million, net income $183 million, EPS $1.69 per diluted share.

Period: the nine months ended September 30, 2023
Revenue: $899 million
Net income: $183 million
EPS: $1.69 per diluted share
Result: reported results

Exact text from the filing

Year-to-date consolidated net sales were $899 million compared to $914 million in the year-ago period.

View on SEC.gov

Browse all earnings releases →

TREX CO INC filing history →

Source: SEC EDGAR

accession 0001157523-23-001574

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.