Sustained Demand Boosts Trex Sales

Trex Company, Inc. had consolidated net sales of $246 million for the first quarter of 2021, an increase of 23 per cent over the first quarter of 2020. Trex residential products net sales increased 25 per cent to $233 million, reflecting sustained broad-based demand and continued strong secular trends across the company’s outdoor living products and consumers’ increasing preference for environmentally sustainable products. Net income for the quarter was $49 million, an increase of 14 per cent from net income of $42 million in the year-ago period.