NYSE$TREX
Trex Co Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Trex Company reported record results driven by residential sales growth and improved operating leverage.
Trex Company reported a strong start to 2022, with a 40% increase in residential revenue and a 38% increase in consolidated net sales. The company's gross margin was 39.8%, and EBITDA increased by 49%.
- Consolidated net sales increased 38% to $339 million.
- Net income increased by 47% to $71 million, with diluted earnings per share up 48% to $0.62.
- EBITDA rose by 49% to $105 million, and the EBITDA margin increased by 220 basis points to 31.1%.
- Trex Residential net sales increased 40% to $327 million, while Trex Commercial contributed $12 million to net sales.
Headline financials
Revenue & EPS history
Trex · Revenue · Quarterly
$339M
Forward guidance
For the second quarter of 2022, Trex expects consolidated net sales to range from $375 million to $385 million, representing 22% year-over-year growth at the midpoint. The company also reaffirmed its guidance for full year 2022 double-digit revenue growth and an incremental EBITDA margin of 30% to 35%.
Tailwinds
- Expected consolidated net sales to range from $375 million to $385 million.
- Representing 22% year-over-year growth at the midpoint.
- Reaffirms guidance for full year 2022 double-digit revenue growth.
- Reaffirms guidance for full year 2022 incremental EBITDA margin of 30% to 35%.
- Long-term secular growth trends remain strong.
Headwinds
- Availability and cost of third-party transportation services for the Company’s products
- The Company’s ability to obtain raw materials at acceptable prices
- The Company’s ability to maintain product quality and product performance at an acceptable cost
- The level of expenses associated with product replacement and consumer relations expenses related to product quality
- The highly competitive markets in which the Company operates
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+1.1%
Avg return
Earnings day
+2.1%
Avg return
5 days after
+2.4%
Avg return
30 days after
51%
33 / 65 earnings
Positive
+26.8%
Q3 2013
Best reaction
-31.1%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.9% | -2.2% | -0.7% | |
| Q4 2025 | +0.7% | -1.9% | -14.3% | |
| Q3 2025 | -31.1% | -31.5% | -26.7% | |
| Q1 2025 | -1.0% | +3.6% | -2.8% | |
| Q4 2024 | +1.2% | +5.1% | -5.8% | |
| Q3 2024 | +9.8% | +10.0% | +15.7% | |
| Q2 2024 | -20.4% | -19.5% | -19.4% | |
| Q1 2024 | -3.8% | -2.5% | -11.7% | |
| Q4 2023 | -0.7% | +0.9% | +5.8% | |
| Q3 2023 | +3.6% | +15.5% | +29.4% | |
| Q2 2023 | +9.7% | +4.8% | +2.9% | |
| Q1 2023 | +10.2% | +2.6% | +5.4% | |
| Q4 2022 | +2.0% | -4.1% | +5.9% | |
| Q3 2022 | -10.6% | -14.3% | -7.0% | |
| Q2 2022 | -16.0% | -8.7% | -27.2% | |
| Q1 2022 | +5.7% | +13.2% | +16.5% | |
| Q4 2021 | -8.0% | -17.4% | -22.0% | |
| Q3 2021 | +16.2% | +13.6% | +23.0% | |
| Q2 2021 | +0.3% | +8.4% | +14.4% | |
| Q1 2021 | -2.5% | -3.8% | -10.1% | |
| Q4 2020 | -11.2% | -10.7% | -14.7% | |
| Q3 2020 | +2.0% | +14.5% | +6.2% | |
| Q2 2020 | -0.3% | -0.2% | +9.3% | |
| Q1 2020 | +18.8% | +25.2% | +27.1% | |
| Q4 2019 | -2.4% | -10.0% | -23.4% | |
| Q3 2019 | -6.6% | -0.7% | -2.8% | |
| Q2 2019 | +14.3% | +12.5% | +18.4% | |
| Q1 2019 | -8.9% | -11.0% | -19.2% | |
| Q4 2018 | -1.2% | +0.7% | -9.7% | |
| Q3 2018 | -0.5% | +7.6% | +5.0% | |
| Q2 2018 | +20.2% | +21.4% | +30.1% | |
| Q1 2018 | +12.6% | +9.1% | +19.4% | |
| Q4 2017 | -4.9% | +0.2% | -3.1% | |
| Q3 2017 | +22.8% | +17.1% | +31.1% | |
| Q2 2017 | +3.4% | +6.5% | +3.1% | |
| Q1 2017 | -7.5% | -10.8% | -7.9% | |
| Q4 2016 | -5.7% | -5.0% | -0.4% | |
| Q3 2016 | +11.0% | +22.3% | +27.6% | |
| Q2 2016 | +17.4% | +22.2% | +27.7% | |
| Q1 2016 | -6.5% | — | — | |
| Q4 2015 | +16.9% | — | — | |
| Q3 2015 | -2.9% | — | — | |
| Q2 2015 | -10.6% | — | — | |
| Q1 2015 | +0.3% | — | — | |
| Q4 2014 | +4.1% | — | — | |
| Q3 2014 | +7.7% | — | — | |
| Q2 2014 | +18.5% | — | — | |
| Q1 2014 | -10.9% | — | — | |
| Q4 2013 | +10.8% | — | — | |
| Q3 2013 | +26.8% | — | — | |
| Q2 2013 | -11.7% | — | — | |
| Q1 2013 | +8.4% | — | — | |
| Q4 2012 | +7.6% | — | — | |
| Q3 2012 | +12.4% | — | — | |
| Q2 2012 | -5.9% | — | — | |
| Q1 2011 | -6.9% | — | — | |
| Q1 2012 | -0.5% | — | — | |
| Q4 2009 | +3.6% | — | — | |
| Q4 2011 | +3.6% | — | — | |
| Q3 2011 | +7.5% | — | — | |
| Q3 2010 | +7.5% | — | — | |
| Q2 2011 | -13.5% | — | — | |
| Q4 2010 | -13.5% | — | — | |
| Q2 2010 | -13.5% | — | — | |
| Q1 2010 | -2.5% | — | — |
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