Overview
- Trex posted adjusted EPS of $0.51 for Q3, missing Visible Alpha estimates by $0.06.
- Revenue rose 22.1% to $285.3 million but still came in below analyst expectations.
- The company now projects Q4 sales of $140 million to $150 million, below prior assumptions.
- Full-year revenue is forecast at $1.15 billion to $1.16 billion, roughly flat versus 2024 after previously targeting 5% to 7% growth.
- 2025 adjusted EBITDA margin guidance was cut to 28.0% to 28.5% from above 31%, and shares fell about 28% to their lowest level in more than six years as management flagged continued softness into the seasonally slow fourth quarter.