Trex Company, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 31, 2023 at 09:05 pm
Share
Trex Company, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 356.54 million compared to USD 386.25 million a year ago. Net income was USD 77.04 million compared to USD 88.92 million a year ago. Basic earnings per share from continuing operations was USD 0.71 compared to USD 0.79 a year ago. Diluted earnings per share from continuing operations was USD 0.71 compared to USD 0.79 a year ago.
For the six months, sales was USD 595.26 million compared to USD 725.48 million a year ago. Net income was USD 118.17 million compared to USD 160.13 million a year ago. Basic earnings per share from continuing operations was USD 1.09 compared to USD 1.41 a year ago. Diluted earnings per share from continuing operations was USD 1.09 compared to USD 1.4 a year ago.
Trex Company, Inc. is a manufacturer of wood-alternative decking and residential railing and outdoor living products and accessories, marketed under the brand name Trex. The Companyâs segment is Trex Residential Products. Trex Residential Products manufactures outdoor living products, consisting of composite decking and railing products, hidden fasteners, and a broad offering of outdoor living accessories. The Company offers a range of products, such as Trex Outdoor Furniture; Trex Pergola; Trex Lattice; Trex Cornhole; Trex Blade; Trex Outdoor Kitchens, and others. Its principal decking products are Trex Signature, Trex Transcend Lineage, Trex Transcend, Trex Select, and Trex Enhance. Trex Outdoor Kitchens cabinetry is manufactured and sold by Danver Outdoor Kitchens. Its Trex Seclusions composite fencing product is offered through two specialty distributors. This product consists of structural posts, bottom rails, pickets, top rails and decorative post caps.
TREX COMPANY, INC. 
