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Dec 31, 2019
Trex Q4 2019 Earnings Report
Trex reported strong double-digit sales growth and gross margin expansion in Q4 2019.
Key Takeaways
Trex Company reported an 18% increase in consolidated net sales for Q4 2019, reaching $165 million. Earnings per share increased by 42% to $0.61. The company anticipates strong double-digit sales growth for 2020.
Consolidated net sales increased by 18% to $165 million.
Trex Residential net sales were up 25%.
Consolidated gross margin increased by 40 basis points to 43.2%.
Earnings per share increased by 42% to $0.61.
Trex
Trex
Trex Revenue by Segment
Revenue by Segment
Trex Residential Revenue
CapyFin.com Forward Guidance
Trex Company anticipates strong double-digit sales growth for 2020, closely tied to the ramp-up of additional capacity. For the first quarter of 2020, the company expects consolidated net sales of approximately $200 million, 11% ahead of the first quarter 2019.
Positive Outlook
- Strong economic environment
- Healthy repair and remodel sentiment
- High consumer confidence
- Robust demand for Trex Residential Products
- Executing on multi-year capital expenditures program