TREX - Trex Non-GAAP EPS of $0.23 beats by $0.01 revenue of $192M beats by $6.54M
- Trex press release ( NYSE: TREX ): Q4 Non-GAAP EPS of $0.23 beats by $0.01 .
- Revenue of $192M (-36.8% Y/Y) beats by $6.54M .
- Adjusted fourth quarter EBITDA of $46 million; Adjusted fourth quarter EBITDA margin of 24.1%, excluding aforementioned adjustments
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Full year consolidated net sales were $1.1 billion compared to $1.2 billion in 2021. Trex Residential net sales were $1.1 billion with Trex Commercial contributing $47 million. Consolidated gross margin was 36.5% and Trex Residential gross margin was 37.7% compared to 38.5% and 39.3%, respectively, in 2021.
- Full year 2022 net income was $185 million, or $1.65 per diluted share, compared to $209 million, or $1.80 per diluted share, in 2021.
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During 2022, we returned approximately $395 million to shareholders through the repurchase of 6.5 million shares of our outstanding common stock.
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Trex Non-GAAP EPS of $0.23 beats by $0.01, revenue of $192M beats by $6.54M