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Trex Company (TREX)
:TREX
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Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.04Last Year’s EPS
0.2Same Quarter Last Year
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2018
|% Change Since: 7.70%
|Next Earnings Date:Jul 30, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted Trex's strategic initiatives and improved EBITDA margins, indicating strong positioning for future growth. However, there were challenges with lower-priced product sales, decreased gross margins, and high inventory levels. Despite these challenges, the company's strategic focus on new product launches and market expansion suggests a cautiously optimistic outlook.Company Guidance
During the Trex Company Q3 2024 earnings call, the executives provided several key metrics and guidance for the remainder of the year and beyond. Trex reported a 9% year-to-date increase in net sales, totaling $984 million, and maintained a gross margin close to last year's adjusted level, despite a decrease from 41.8% to 39.9% due to lower utilization. The company achieved an EBITDA margin of 29.1% for Q3, with a year-to-date margin of 33.7%, driven by cost reduction initiatives and efficient SG&A spending. Trex increased its full-year EBITDA margin guidance to 30.5%, attributed to strong demand for premium products, ongoing cost management, and normalized inventory levels after a $70 million reduction by distribution partners. Looking ahead, Trex projected the doubling of its market share in the residential railing market to 12% in five years, supported by new product launches, including enhanced railing systems. Additionally, the Arkansas facility's development is on track, with recycled plastic processing expected to start in early 2025, contributing to cost savings. The company anticipates low single-digit growth in the repair and remodel market in 2025, positioning Trex to outperform this index with its strategic initiatives and new product offerings.EBITDA Margin Improvement
Trex increased its full-year 2024 EBITDA margin guidance to 30.5%, reaching the high end of their original guidance range.
Successful Product Launches
Products launched within the last 36 months accounted for approximately 18% of year-to-date net sales of $984 million, indicating strong alignment with consumer preferences.
Inventory Normalization
Distribution partners reduced inventory by approximately $70 million, resulting in normalized levels for this point in the season.
Strong Positioning for 2025
Trex projects doubling its share of the residential railing market from approximately 6% to 12% over the next 5 years, with new product introductions supporting this growth.
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TREX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TREX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 28, 2024 | $66.51 | $70.63 | +6.19% |
| Aug 06, 2024 | $76.56 | $60.07 | -21.54% |
| May 09, 2024 | $93.41 | $87.38 | -6.46% |
| Feb 26, 2024 | $94.86 | $93.17 | -1.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Trex Company (TREX) report earnings?
Trex Company (TREX) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is Trex Company (TREX) earnings time?
Trex Company (TREX) earnings time is at Mar 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TREX EPS forecast?
TREX EPS forecast for the fiscal quarter 2024 (Q4) is 0.04.
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