Trex Raises Full-Year Guidance Following Record Q3 Sales and Earnings Beat
Trex (NYSE: TREX) reported strong third-quarter financial results, characterized by a significant beat on both top and bottom lines. Non-GAAP earnings per share reached $0.55, exceeding analyst expectations by $0.07, while revenue surged 26.2% year-over-year to $360 million, surpassing consensus estimates by over $45 million. Driven by this robust performance, the company has upwardly revised its full-year guidance for both net sales and adjusted EBITDA. The new net sales outlook of $1.296 billion to $1.306 billion sits well above the previous market consensus of $1.24 billion, signaling strong momentum in its core business segments.
Tickers: $TREX
Topics: earnings beat EBITDA guidance guidance raise revenue growth
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