TREX - Trex GAAP EPS of $0.38 beats by $0.05 revenue of $238.71M beats by $1.06M
2023-05-08 16:20:31 ET
- Trex press release ( NYSE: TREX ): Q1 GAAP EPS of $0.38 beats by $0.05 .
- Revenue of $238.71M (-29.6% Y/Y) beats by $1.06M .
- First quarter gross margin of 39.6%.
- EBITDA of $69 million and EBITDA margin of 28.8%.
- “We anticipate second quarter 2023 net sales to be in the range of $310 million to $320 million. First quarter margin performance supports our expectation for full year 2023 EBITDA margin in the range of 26% to 27%. Capital expenditures for 2023 are expected to be in the $130 million to $140 million range, primarily related to the modular build out of our Arkansas facility, which will be calibrated to demand trends,” Fairbanks concluded.
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Trex GAAP EPS of $0.38 beats by $0.05, revenue of $238.71M beats by $1.06M