Trex (TREX) Q2 Revenue Misses Views
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Trex Company Reports Record Third Quarter 2018 Results
October 29, 2018 4:01 PM EDT--Strong Demand and Significant Operating Leverage Drove Record Revenue and Operating Profit
--Year-to-date Sales and Diluted EPS, up 23% and 42%, respectively
Third Quarter Highlights
Consolidated net sales increased 19% to $166 million and were reduced by a $6 million one-time charge to expand stocking positions in residential sales channels Consolidated gross margin expanded 100 basis points to 40.4% Consolidated earnings increased 47% to $0.50 per diluted share including $0.07 per share related to the one-time charge
WINCHESTER, Va.--(BUSINESS WIRE)-- Trex Company, Inc. (NYSE:... More
