04:54 PM EDT, 05/09/2024 (MT Newswires) -- Trex (TREX) reported Q1 earnings late Thursday of $0.82 per diluted share, up from $0.38 a year earlier.

Analysts polled by Capital IQ expected $0.72.

Net sales in the quarter ended March 31 rose to $373.6 million from $238.7 million a year earlier.

Analysts surveyed by Capital IQ expected $367.3 million.

In Q2, the company expects sales of $380 million to $390 million. Analysts in a Capital IQ poll expect $375.7 million.

Trex reaffirmed 2024 sales guidance of $1.22 billion to $1.24 billion. Analysts in a Capital IQ survey project $1.24 billion.

Shares of the company rose 1.7% in after-hours trading.

Price: 95.00, Change: +1.59, Percent Change: +1.70