Trex Company, Inc. (NYSE:TREX) Q4 2022 Earnings Call Transcript

Dennis Schemm: Yes. So, for the full year guide, we are looking at 15% to 16% for SG&A. And as you discussed before, from a gross margin perspective, yes, we are looking at 38%, pretty much ratable or flattish across the quarters. I think it’s just important too, over the longer term here, we do expect to see gross margins increment up. I would see us getting over 40% over the longer term. And as far as incremental EBITDA margins over the longer term as well, I do expect us to return to that 35% to 40% incremental EBITDA margins over the longer haul.

Bryan Fairbanks: And our branding is more heavily weighted to the beginning part of the year. We started that midway through the first quarter and then continue on that heavily through second quarter and even into the third quarter and then trails off significantly at the end of the year.

Michael Rehaut: Thanks.

Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Bryan Fairbanks for any closing remarks.

Bryan Fairbanks: Thank you for your questions and your attendance on today’s call. We look forward to speaking with many of you during the quarter at conferences and other events. Have a great evening. Thanks.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.