TREX - Trex GAAP EPS of $0.71 beats by $0.17 revenue of $357M beats by $38.11M
2023-07-31 16:19:53 ET
- Trex press release ( NYSE: TREX ): Q2 GAAP EPS of $0.71 beats by $0.17 .
- Revenue of $357M (-7.6% Y/Y) beats by $38.11M .
- Based on first half results and our improving visibility, we now are positioned to provide guidance for full year 2023 revenues. We expect revenues to range from $1.04 billion to $1.06 billion, vs. consensus of $1.05B and anticipate continued sell-through will reduce year-end channel inventories below 2022 levels. We expect the cadence of the second half of 2023 to follow historical seasonality. Third quarter revenues are estimated to be in the range of $280 million to $290 million, vs. consensus of $265.87M with fourth quarter results reflecting both seasonally low demand and our expectations that year end channel inventories will be below that of year end 2022
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Trex GAAP EPS of $0.71 beats by $0.17, revenue of $357M beats by $38.11M