Market Demand for Trex Transcend® Very Strong
WINCHESTER, VA – May 12, 2010 | Trex Company, Inc., manufacturer and distributor of Trex® decking, railing, fencing and trim, today announced financial results for the first quarter ended March 31, 2010.
Net sales for the first quarter of 2010 totaled $66.3 million compared to net sales of $67.7 million for the 2009 first quarter. Gross margin declined 60 basis points from Q1 2009 due primarily to start-up costs associated with Trex Transcend®. The company reported a net loss of $4.6 million, or $0.31 per diluted share, for the 2010 first quarter compared to a net loss of $3.1 million, or $0.21 per diluted share, for the 2009 period.
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