Trex (TREX) FY2016 results: revenue $480 million, up 8.8% on the year
Trex Co. Inc. (TREX) reported revenue of $480 million for fiscal 2016, the year ended 31 December 2016, up 8.8% on the year before. Net income was $68 million, up 41.1%, and diluted earnings per share $0.57. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2019.
Revenue
$480 million
+8.8% on the year
FY2009FY2016
Operating margin
21.7%
17.6% a year earlier
FY2009FY2016
Net income
$68 million
+41.1% on the year
FY2009FY2016
Diluted EPS
$0.57
+50.7% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
480
441
392
+8.8%
Cost of revenue
293
286
251
+2.3%
Gross profit
187
155
140
+20.8%
Gross margin
39.0%
35.1%
35.8%
Research and development
3.7
1.5
2.3
+146.7%
Selling, general and administrative
83.1
77.5
72.4
+7.3%
Operating income
104
77.4
67.8
+34.3%
Operating margin
21.7%
17.6%
17.3%
Interest expense
1.1
0.6
0.9
+81.7%
Pre-tax income
103
76.8
66.9
+33.9%
Income tax
35.0
28.7
25.4
+21.9%
Effective tax rate
34.0%
37.4%
38.0%
Net income
67.8
48.1
41.5
+41.1%
Net margin
14.1%
10.9%
10.6%
Diluted EPS
$0.57
$0.38
$0.32
+50.7%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
85.3
62.6
58.6
+36.2%
Capital expenditure
14.6
23.3
13.0
-37.6%
Free cash flow
70.7
39.3
45.7
+80.0%
Free cash flow margin
14.7%
8.9%
11.7%
Cash from investing
-10.2
n/a
n/a
Cash from financing
-62.4
n/a
n/a
Depreciation and amortisation
14.5
14.4
15.2
+0.8%
Share-based compensation
4.8
4.9
4.8
-1.5%
Buybacks
55.2
53.3
53.2
+3.6%
Diluted shares, weighted
118m
127m
131m
-6.5%
Shares outstanding at period end
118m
124m
128m
-4.9%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
134
116
113
+15.2%
Debt
0.0
7.0
0.0
Other liabilities
87.3
88.5
82.4
-1.4%
Total liabilities and equity
221
212
196
+4.4%
Fixed assets
103
101
98.7
+2.3%
Goodwill
10.5
10.5
10.5
+0.2%
Cash and equivalents
18.7
6.0
9.5
+211.3%
Receivables
48.0
47.4
36.4
+1.4%
Inventory
28.5
23.1
23.7
+23.6%
Other assets
12.4
24.1
16.9
-48.6%
Total assets
221
212
196
+4.4%
10-K for the year ended 31 December 2016, filed 14 February 2019: the filing.