Trex (TREX) FY2015 results: revenue $441 million, up 12.5% on the year
Trex Co. Inc. (TREX) reported revenue of $441 million for fiscal 2015, the year ended 31 December 2015, up 12.5% on the year before. Net income was $48 million, up 15.8%, and diluted earnings per share $0.38. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2016.
Revenue
$441 million
+12.5% on the year
FY2009FY2015
Operating margin
17.6%
17.3% a year earlier
FY2009FY2015
Net income
$48 million
+15.8% on the year
FY2009FY2015
Diluted EPS
$0.38
+19.7% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
441
392
343
+12.5%
Cost of revenue
286
251
244
+13.7%
Gross profit
155
140
98.6
+10.5%
Gross margin
35.1%
35.8%
28.8%
Research and development
1.5
2.3
2.9
-34.8%
Selling, general and administrative
77.5
72.4
74.0
+7.0%
Operating income
77.4
67.8
24.7
+14.1%
Operating margin
17.6%
17.3%
7.2%
Interest expense
0.6
0.9
0.6
-29.5%
Pre-tax income
76.8
66.9
24.0
+14.7%
Income tax
28.7
25.4
-10.5
+12.8%
Effective tax rate
37.4%
38.0%
-43.9%
Net income
48.1
41.5
34.6
+15.8%
Net margin
10.9%
10.6%
10.1%
Diluted EPS
$0.38
$0.32
$0.25
+19.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
62.6
58.6
45.2
+6.8%
Capital expenditure
23.3
13.0
13.1
+79.8%
Free cash flow
39.3
45.7
32.1
-13.9%
Free cash flow margin
8.9%
11.7%
9.4%
Depreciation and amortisation
14.4
15.2
16.3
-5.4%
Share-based compensation
4.9
4.8
3.8
+1.1%
Buybacks
53.3
53.2
31.3
+0.2%
Diluted shares, weighted
127m
131m
137m
-3.3%
Shares outstanding at period end
124m
128m
134m
-3.5%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
116
113
107
+2.7%
Debt
7.0
0.0
0.0
Other liabilities
88.5
82.4
81.5
+7.4%
Total liabilities and equity
212
196
188
+8.3%
Fixed assets
101
98.7
101
+2.2%
Goodwill
10.5
10.5
10.5
0.0%
Cash and equivalents
6.0
9.5
3.8
-37.2%
Receivables
47.4
36.4
37.3
+30.2%
Inventory
23.1
23.7
22.4
-2.7%
Other assets
24.1
16.9
13.3
+42.3%
Total assets
212
196
188
+8.3%
10-K for the year ended 31 December 2015, filed 23 February 2016: the filing.