Trex

Trex Co., Inc. engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola and outdoor kitchens, fencing, collections, and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products. The Trex Residential segment offers Fencing, Railing, Decking and Accessories. The Trex Commercial Products segment offers Architectural Railing System, Aluminum Railing Systems, Staging Equipment and Accessories. The company was founded by Andrew U. Ferrari and Roger A. Wittenberg on September 4, 1998, and is headquartered in Winchester, VA.

Earnings data Q1 2024

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The Zacks Building Products - Wood industry is expected to gain from home improvement activities and cost control amid a challenging macro backdrop. Industry players like TREX, BCC and DORR are set to gain the most from the tailwinds.

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WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company, Inc. (NYSE:TREX), the world's #1 brand of high-performance, low-maintenance and eco-friendly decking and railing and a leader in outdoor living products, today announced its participation in the following investor conference:   UBS Industrials Summit         Location: Palm Beach, FL         Date: Wednesday, November 29th         Trex Management: Bryan H. Fairbanks – President and Chief Executive Officer     Brenda K. Lovcik – Senior Vice President.

Trex Company Announces November 2023 Investor Conference Schedule

Downgrading Trex stock from BUY to HOLD due to fully priced at current levels. Nevertheless, Trex is operating exceptionally well, and is positioned better going into 2024 than it was 2023. The company is leaning into an old market opportunity - railing. And has recently introduced a slew of new products which will drive growth.

Trex: An Old Opportunity With New Products

WINCHESTER, Va.--(BUSINESS WIRE)--As a brand focused on engineering what's next in outdoor living, Trex Company (NYSE:TREX) remains steadfast in its commitment to continuous innovation. Never content to rest on its laurels, the world's largest manufacturer of wood-alternative decking and railing and a leader in high-performance, low-maintenance outdoor products plans to roll out a robust selection of new offerings for 2024, further reinforcing its position as a total outdoor living resource for.

What's Next Is Now!

Trex (TREX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Trex (TREX) Upgraded to Buy: Here's What You Should Know

Trex (NYSE:TREX) Company Inc shares rose 4% to $57.30 in early Tuesday trading after the provider of eco-friendly decking and railing reported third quarter 2023 net sales that surged 61% to $304 million, surpassing the consensus analyst forecast by nearly $14 million.  Its adjusted earnings per share (EPS) of $0.57, meanwhile, also exceeded expectations by $0.07.

Trex Company stock higher on 3Q earnings beat; boosts guidance

Trex Company, Inc. (NYSE:TREX ) Q3 2023 Earnings Conference Call October 30, 2023 5:00 PM ET Company Participants Viktoriia Nakhla - IR Bryan Fairbanks - President & CEO Amy Fernandez - Vice President, General Counsel Brad McDonald - Chief Accounting Officer Kara Strosnider - Director of Financial Planning and Analysis Amy Fernandez - Vice President, General Counsel Brenda Lovcik - Senior Vice President and Chief Financial Officer Conference Call Participants John Lovallo - UBS Susan Maklari - Goldman Sachs Ryan Merkel - William Blair Joseph Ahlersmeyer - Deutsche Bank Jeffrey Stevenson - Loop Capital Keith Hughes - SunTrust Robinson Humphrey Noah Murkowsko - Stephens Alexander Rygiel - B. Riley Philip Ng - Jefferies Stanley Elliott - Stifel Tim Wojs - Baird Rafe Jadrosich - Bank of America Michael Rehaut - JPMorgan Kurt Yinger - D.A.

Trex Company, Inc. (TREX) Q3 2023 Earnings Call Transcript

Trex (TREX) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.14 per share a year ago.

Trex (TREX) Q3 Earnings and Revenues Top Estimates

WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company, Inc. (NYSE:TREX), the world's #1 brand of high-performance, low-maintenance and eco-friendly decking and railing and a leader in outdoor living products, today reported third quarter 2023 results. Third Quarter 2023 Highlights Net sales of $304 million Gross margin of 43.1%; 41.8% excluding $3.8 million warranty reserve benefit Net income of $65 million and diluted earnings per share of $0.60 Adjusted EPS of $0.57 excluding the warranty reserve be.

Trex Company Reports Third Quarter 2023 Results

Trex (TREX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Trex (TREX) Reports Next Week: Wall Street Expects Earnings Growth

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Investors looking for stocks in the Building Products - Wood sector might want to consider either JELD-WEN (JELD) or Trex (TREX). But which of these two stocks presents investors with the better value opportunity right now?

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WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company, Inc. (NYSE:TREX), the world's #1 brand of high-performance, low-maintenance and eco-friendly composite decking and railing and a leader in outdoor living products, today announced that it has named Brenda Lovcik Senior Vice President and Chief Financial Officer effective October 23, 2023. Mrs. Lovcik has over 25 years of demonstrated financial and operational success with high-profile publicly traded companies. Most recently she served as Chief Fi.

Trex Company Names Brenda Lovcik Senior Vice President and Chief Financial Officer

WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company, Inc. [NYSE:TREX], the world's #1 brand of high-performance, low-maintenance and eco-friendly composite decking and railing and a leader in outdoor living products, will issue its third quarter 2023 earnings release on Monday, October 30, 2023, after the close of the U.S. market. You are invited to participate in the Company's conference call hosted by senior management on October 30, 2023 at 5:00 PM ET. Their prepared remarks will be followed by a.

Trex Company Announces Timing of Third Quarter 2023 Earnings Release and Conference Call

The building materials stock soared after its last earnings release, but macro data has been rough since then. Building activity seems to be slowing thanks to high interest rates and consumer weakness.

Why Did Trex Stock Drop 14% in September

WINCHESTER, Va.--(BUSINESS WIRE)--The latest innovation from Trex Company [NYSE: TREX], Trex Transcend® Lineage™ decking has been recognized in Good Housekeeping's 2023 Home Renovation Awards in the Exterior Enhancements category. The full list of winners can be found at https://www.goodhousekeeping.com/home/renovation/a44870187/home-renovation-awards-2023/. “Good Housekeeping has long been a trusted resource for homeowners looking to make their homes more beautiful, functional and sustainable,.

Trex Transcend® Lineage™ Composite Decking Recognized in Good Housekeeping's 2023 Home Renovation Awards

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Trex (TREX) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Trex (TREX) Loses -9% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Composite Decking Leader and State Agency Honored by Arkansas Recycling Coalition Composite Decking Leader and State Agency Honored by Arkansas Recycling Coalition

Trex and Keep Arkansas Beautiful Awarded “Recycling Education Program of the Year”

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Bull of the Day: Trex (TREX)

WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company, Inc. (NYSE:TREX), the world's #1 brand of high-performance, low-maintenance and eco-friendly composite decking and railing and a leader in outdoor living products, today hosted its previously announced 2023 Investor Day in New York, NY. At the event, President and CEO, Bryan Fairbanks laid out the company's five-year financial targets for organic growth: For Full Year 2028 Net sales of $1.8 billion to $1.9 billion EBITDA doubling to $600 million+.

Trex Company Hosts Investor Day in New York

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News for Trex Stock (TREX)