2021-02-22 16:02:46 TREX Trex Company
02/22/21 02/2216:02 02/22/2116:02 | Trex Company reports Q4 EPS 37c, consensus 36cReports Q4 revenue $228.3M, consensus $215.9M. CEO Bryan H. Fairbanks says: "During one of the most challenging business periods in recent history, 2020 was another record year for Trex as we successfully managed through the rapidly changing COVID-19 pandemic and delivered strong financial results without interruption to our operations. Our performance demonstrates the broad-based appeal of our products, the resilience of our company and the strength of our collaborative culture within our organization and with our dealer, retailer, distributor and contractor partners. These attributes will drive our Company's future success, and I thank all members of the Trex team for their dedication and extraordinary efforts. We remain on track with our capital expenditure program to increase production capacity at our Trex Residential facilities in Virginia and Nevada. As recently announced, production in our new Virginia facility started in January 2021. When complete by June of this year, these investments will increase production capacity by approximately 70% and will further strengthen the Trex Company's position as the industry's leading composite decking manufacturer." |
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