Trex Q4 sales $196M beat guidance; 2024 outlook 12% revenue growth, margin expansion

TREX CO INC

2023-FY EPS reported $1.89 revenue$1,094,837,000

Q4 net sales $196M vs $192M YoY; diluted EPS $0.20 vs $0.09; gross margin 36.1% vs 34.1%.
FY 2023 net sales $1.1B (flat YoY); net income $205M ($1.89 EPS) vs $185M ($1.65); gross margin 41.3% (up 480 bps).
2024 guidance: net sales $1.215-1.235B (12% growth at midpoint); EBITDA margin 30.0-30.5%; capex ~$220M for Arkansas campus.
Q1 2024 sales expected $360-370M, including $60-80M from Early Buy program shift.
Repurchased 264,896 shares ($15.6M) under new 10.8M-share buyback program.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

TREX CO INC reported financial results for three months and twelve months ended December 31, 2023.

Period: three months and twelve months ended December 31, 2023
Result: reported results

Exact text from the filing

On February 26, 2024, Trex Company, Inc. issued a press release announcing financial results for the three months and twelve months ended December 31, 2023.

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Source: SEC EDGAR

accession 0001193125-24-046200

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