The company, which manufactures wood and plastic composite products, reported net sales were $100.6 million versus $107.9 million for the 2013 first quarter.
Net income for the first quarter 2014 was $12.3 million, or 73 cents per diluted share, compared with $21.6 million or $1.25 per diluted share from the same period last year.
Must Read: Warren Buffett's 10 Favorite Growth Stocks
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
TheStreet Ratings team rates TREX CO INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate TREX CO INC (TREX) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."