Trex (TREX) FY2017 results: revenue $565 million, up 17.8% on the year
Trex Co. Inc. (TREX) reported revenue of $565 million for fiscal 2017, the year ended 31 December 2017, up 17.8% on the year before. Net income was $95 million, up 40.2%, and diluted earnings per share $0.81. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2019.
Revenue
$565 million
+17.8% on the year
FY2010FY2017
Operating margin
25.2%
21.7% a year earlier
FY2010FY2017
Net income
$95 million
+40.2% on the year
FY2010FY2017
Diluted EPS
$0.81
+40.6% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
565
480
441
+17.8%
Cost of revenue
322
293
286
+10.0%
Gross profit
243
187
155
+30.1%
Gross margin
43.1%
39.0%
35.1%
Research and development
3.8
3.7
1.5
+2.7%
Selling, general and administrative
101
83.1
77.5
+21.5%
Operating income
142
104
77.4
+37.0%
Operating margin
25.2%
21.7%
17.6%
Interest expense
0.5
1.1
0.6
-59.0%
Pre-tax income
142
103
76.8
+38.0%
Income tax
46.8
35.0
28.7
+33.8%
Effective tax rate
33.0%
34.0%
37.4%
Net income
95.1
67.8
48.1
+40.2%
Net margin
16.8%
14.1%
10.9%
Diluted EPS
$0.81
$0.57
$0.38
+40.6%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
102
85.3
62.6
+19.4%
Capital expenditure
15.0
14.6
23.3
+3.4%
Free cash flow
86.8
70.7
39.3
+22.7%
Free cash flow margin
15.4%
14.7%
8.9%
Cash from investing
-86.8
-10.2
n/a
Cash from financing
-3.2
-62.4
n/a
Depreciation and amortisation
16.9
14.5
14.4
+16.3%
Share-based compensation
5.2
4.8
4.9
+8.3%
Buybacks
3.6
55.2
53.3
-93.4%
Diluted shares, weighted
118m
118m
127m
-0.1%
Shares outstanding at period end
118m
118m
124m
+0.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
231
134
116
+72.4%
Debt
0.0
0.0
7.0
Other liabilities
95.0
87.3
88.5
+8.8%
Total liabilities and equity
326
221
212
+47.3%
Fixed assets
103
103
101
-0.2%
Goodwill
68.5
10.5
10.5
+550.6%
Intangible assets
2.9
n/a
n/a
Cash and equivalents
30.5
18.7
6.0
+63.5%
Receivables
66.9
48.0
47.4
+39.2%
Inventory
34.5
28.5
23.1
+20.9%
Other assets
19.9
12.4
24.1
+60.7%
Total assets
326
221
212
+47.3%
10-K for the year ended 31 December 2017, filed 14 February 2019: the filing.