Trex Company’s sales climb 39%Trex Company, the world's largest manufacturer of wood-alternative decking and railing products, has announced financial results for the first quarter ended 31 March 2012. Net sales for the first quarter of 2012 totalled US$96.1 million compared to net sales of US$69.0 million for the 2011 first quarter, an increase of 39%.Chairman, President and CEO Ronald W. Kaplan commented, "We continue to see a strong shift in the market towards ultra-low-maintenance wood alternative products. With our expanding ultra-low-maintenance product offering, utilizing Transcend technology, we are off to a great start for the year. Based on the market demand we are currently seeing, we expect net sales of approximately US$90 million for the second quarter of 2012, an increase of 15% from last year's period."  |
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