Trex: 4Q Earnings Snapshot
WINCHESTER, Va. (AP) _ Trex Co. (TREX) on Thursday reported fourth-quarter net income of $25.2 million.
On a per-share basis, the Winchester, Virginia-based company said it had profit of 43 cents.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.
The maker of fencing and decking products posted revenue of $140 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $131 million.
For the year, the company reported profit of $134.6 million, or $2.28 per share. Revenue was reported as $684.3 million.
For the current quarter ending in April, Trex said it expects revenue in the range of $176 million.
Trex shares have increased 32 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $78.33, a climb of 39 percent in the last 12 months.