Trex Company's consolidated net sales for 2Q 2020 were $221 million, 7% ahead of the comparable period in 2019.
Net income for the 2Q 2020 was $47 million, or $0.81 per diluted share, 32% and 33% respectively, ahead of the $36 million, or $0.61 per diluted share, reported in last year’s 2Q. EBITDA increased 32% to $67.5 million, and EBITDA margin expanded to 30.6% from 24.8% in the 2Q 2019.
Net sales for the first half of 2020 were $421 million, 9% above the $386 million reported for the comparable period in 2019. EBITDA increased 34.9% to $126 million, and EBITDA margin expanded 570 basis points year-over-year to 30%.
Net income was $90 million, or $1.54 per diluted share, for the first half of 2020, compared to net income of $67 million, or $1.14 per diluted share, for the first half of 2019.
Trex Company is the world’s largest manufacturer of high-performance wood-alternative decking and railing.
