Trex Earnings: Here’s Why Investors Don’t Like These Results
Trex Co. Inc. (NYSE:TREX) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 13.41%.
Trex Co. Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 45.76% to $0.86 in the quarter versus EPS of $0.59 in the year-earlier quarter.
Revenue: Rose 4.58% to $98.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Trex Co. Inc. reported adjusted EPS income of $0.86 per share. By that measure, the company missed the mean analyst estimate of $1. It missed the average revenue estimate of $103.42 million.
Quoting Management: Chairman, President and CEO Ronald W. Kaplan commented, “Our 2013 strategy of providing a full line-up of high-performance decking and railing products made a strong contribution to our growth in sales. All of our product introductions for 2013, which give homeowners even more options for creating their ideal outdoor living space, have been well received in the marketplace.”
Key Stats (on next page)…