Trex Suffers Fourth Quarter Loss

Trex Company Incorporated had fourth quarter consolidated net sales of $192 million, a decline of 36.8 per cent compared to $304 million in the prior-year quarter. Selling, general, and administrative expenses were $142 million, or 12.8 per cent of net sales. Net income was $10.1 million, a decrease of 60 per cent, versus $25 million from the year-ago period. Gross profit was $65.5 million for the quarter, compared to $118.2 million year over year.