Trex (TREX) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.45%. A quarter ago, it was expected that this maker of fencing and decking products would post earnings of $0.05 per share when it actually produced earnings of $0.09, delivering a surprise of 80%.Over the last four quarter ...

Trex (TREX) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 note this event is being recorded. I would now like to turn the conference over to Casey Cotary. Please go ahead. Speaker1 Thank you, everyone, for joining us today. With us on the call are Brian Fairbanks, President and Chief Executive Officer and Brenda Lovechick, Senior Vice President and Chief Financial Officer. Joining Brian and Brenda is Amy Fernandez, Senior Vice President, Chief Legal Officer and Secretary as well as other members o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Exact name of registrant as specified in its charter) Delaware 54-1910453 (State or other jurisdiction of incorporation or organization) 2500 Trex Way Winchester, Virginia 22601 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition pe ...

Exhibit 99.1 NEWS RELEASE TREX COMPANY REPORTS FIRST QUARTER 2025 RESULTS First Quarter Sales Exceeded Guidance Driven by Continued Demand for Premium Products New Products Accounted for 22% of Trailing Twelve-Month Sales Pro-Dealer Conversions Drive Future Growth Opportunities Second Quarter Revenue Guidance of $370 million to $380 million Full Year 2025 Guidance Reaffirmed at 5%-7% Revenue Growth and Adjusted EBITDA Margin to Exceed 31% First Quarter 2025 Results First quarter 2025 net sales were $340 mil ...

Core Insights - Trex, a leader in wood-alternative decking and railing products, held its fourth-quarter and full-year 2024 earnings call, highlighting strategic initiatives, product innovations, and financial outlook for long-term investors [1] Product Innovation - Trex is expanding its product lineup with innovations like SunComfortable heat-mitigating technology, which aims to differentiate its offerings and drive sales growth [2] - New products launched in the last 36 months accounted for approximately 20% of full-year revenues, with a record number of new products expected to support future sales growth [3] - The company reported a double-digit increase in premium products during Q4, indicating strong performance in the high-end segment despite a flat overall repair and remodel market projected for 2025 [3] Railing Market Strategy - Trex has introduced a comprehensive railing product line, aiming to increase its share of the $3.3 billion railing market from 6% to 12% over the next five years [4][5] - The company anticipates double-digit growth in the railing segment in 2025, driven by an expanded product line and new distribution partnerships [5] Manufacturing Efficiency - Investments in a new Arkansas manufacturing facility are on track, expected to enhance operational efficiency and financial performance [6] - The majority of capital spending related to the Arkansas facility will be completed this year, positioning Trex for substantial free cash flow generation starting in 2026 as capital expenditures normalize to historical levels of 5% to 6% of revenue [7] Financial Outlook - Trex projects net sales for 2025 in the range of $1.21 billion to $1.23 billion, reflecting year-over-year growth of 5% to 7% despite a flat repair and remodel market [9] - The company is positioned to capture significant growth opportunities in the industry, with the Arkansas manufacturing capacity coming online and capital expenditures set to normalize in 2026 [10]

A downtrend has been apparent in Trex (TREX) lately with too much selling pressure. The stock has declined 17% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting wh ...

Trex Company, Inc. (NYSE:TREX) Q4 2024 Earnings Conference Call February 24, 2025 5:00 PM ET Company Participants Casey Kotary - Investor Relations Bryan Fairbanks - President and Chief Executive Officer Brenda Lovcik - Senior Vice President and Chief Financial Officer Amy Fernandez - Senior Vice President, Chief Legal Officer and Secretary Conference Call Participants Rafe Jadrosich - Bank of America Keith Hughes - Truist Securities Susan Maklari - Goldman Sachs Ryan Merkel - William Blair Timothy Wjos - R ...

Trex (TREX) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 80%. A quarter ago, it was expected that this maker of fencing and decking products would post earnings of $0.32 per share when it actually produced earnings of $0.37, delivering a surprise of 15.63%.Over the last four quarte ...

Trex reported earnings for Q4 2024 that surpassed analyst expectations, despite reduced sales revenue and declining margins compared to last year.Trex Company Inc. (TREX 1.80%), a leading producer of composite decking and railing, released its earnings report for the fourth quarter of 2024 on Feb. 24, 2025. The company disclosed earnings per share (EPS) of $0.09, outperforming the analyst forecast of $0.0428. Revenue hit $168 million, slightly higher than the anticipated $160 million but down from $196 mill ...

Financial Performance - Net sales for the year ended December 31, 2024, reached $1,151,449, an increase of $56,612 or 5.2% compared to 2023[157] - Gross profit for 2024 was $485,668, reflecting a $33,261 increase or 7.4% from the previous year[157] - Net income for 2024 was $226,392, up by $21,008 or 10.2% from 2023[157] - EBITDA for 2024 was $360,343, representing a $33,950 increase or 10.4% year-over-year[157] - Diluted earnings per share increased to $2.09, a rise of $0.20 or 10.6% compared to 2023[157] - Total net sales for 2024 increased by $56.6 million, or 5.2%, compared to 2023, reaching $1,151.4 million[184] - Gross profit for 2024 was $485.7 million, a 7.4% increase from $452.4 million in 2023, with a gross margin of 42.2%[185] - Net income for 2024 was $226.4 million, compared to $205.4 million in 2023, reflecting a strong operational performance[189] - EBITDA for 2024 was $360.3 million, an increase from $326.4 million in 2023, indicating improved core operating performance[189] - Total EBITDA increased by 10.4% to $360.3 million for 2024 compared to $326.4 million for 2023, driven by an increase in net sales and gross profit[190] Expenses and Taxation - Selling, general and administrative expenses rose to $180.0 million in 2024, a 2.2% increase from $176.2 million in 2023, representing 15.6% of total net sales[186] - The provision for income taxes for 2024 was $79.3 million, up 12.0% from $70.8 million in 2023, with an effective tax rate of 25.9%[187] Warranty Management - A reduction of $1.5 million was recorded in the warranty reserve for future surface flaking claims in 2024, indicating improved claims management[168] - The average cost per warranty claim decreased to $3,281 in 2024 from $4,221 in 2023, reflecting a significant reduction in warranty costs[170] - The number of unresolved warranty claims at the end of 2024 was 1,674, a slight decrease from 1,695 at the end of 2023[170] - The company anticipates a continued decline in the annual number of claims received, with a slight increase in the average cost per claim due to inflation[169] - A 10% change in the expected number of remaining claims could result in approximately a $0.6 million change in the warranty reserve estimate[169] Capital Expenditures and Investments - Capital expenditures in 2024 totaled $232.3 million, with significant investments in the Arkansas facility and capacity expansions[157] - Cash used in investing activities for capital expenditures was $232.2 million in 2024, including $174.8 million for the construction of the Arkansas facility[195] - The company’s capital expenditure guidance for 2025 is between $190 million and $210 million, focusing on internal growth, manufacturing cost reductions, and strategic acquisitions[220] - The gross asset and liability associated with the industrial revenue bonds for the Arkansas facility was $100 million as of December 31, 2024[214] Liquidity and Financing - As of December 31, 2024, the company had $202.6 million in outstanding borrowings under the revolving credit facility and a borrowing capacity of $347.4 million[212] - The company’s liquidity is primarily financed through cash flow from operations, borrowings, and operating leases[192] - The company expects to fund planned capital expenditures and meet cash requirements for at least the next 12 months using cash on hand, cash flows from operations, and borrowings under its revolving credit facility[221] - As of December 31, 2024, the company had $202.6 million in debt outstanding under its revolving line of credit, with variable rate obligations exposing it to interest rate risks[226] - The company may seek additional financing through bank borrowings or equity issuance to address contingencies or changes in its business plan[221] Compliance and Accounting Standards - The company was in compliance with all financial covenants as of December 31, 2024[212] - The company adopted new accounting standards effective for fiscal years beginning after December 15, 2023, which did not impact consolidated results of operations and financial position[223] - The company is evaluating the impacts of pending accounting standards, which are expected to expand financial statement disclosures but not materially affect consolidated results[224] - The new accounting standards adopted require retrospective application for prior periods presented in financial statements[223] - The company does not expect the adoption of new income tax disclosure standards to materially affect its consolidated results of operations[225] - An increase of 1% in interest rates would not have a material adverse effect on the company's overall financial position or liquidity[226] - The company had no interest rate swap agreements outstanding as of December 31, 2024, indicating a straightforward debt structure[227] Product Development and Sustainability - Trex expanded its Canadian reach by partnering with Alexandria Moulding, enhancing distribution across Canada[155] - The company launched new products including Trex Signature X-Series Railing and two new Enhance decking hues with heat mitigating technology[161] - Trex was recognized as the most sustainable decking brand for the 14th consecutive year by Green Builder Media[161]