05:17 PM EDT, 08/06/2024 (MT Newswires) -- Trex (TREX) reported Q2 earnings late Tuesday of $0.80 per diluted share, up from $0.71 a year earlier.

Analysts surveyed by Capital IQ expected $0.78.

Net sales for the quarter ended June 30 were $376.5 million, compared with $356.5 million. Analysts polled by Capital IQ expected revenue of $387.9 million.

The company expects Q3 revenue of $220 million to $230 million. Analysts forecast $291.8 million.

Trex said it now expects full year 2024 revenue to be between $1.13 billion and $1.15 billion. It previously projected a range of $1.22 billion to $1.24 billion. Analysts are looking for $1.24 billion.

Shares were down nearly 14% in recent after-hours activity.

Price: 66.00, Change: -10.56, Percent Change: -13.79