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.

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Trex reports solid Q4 earnings, eyes growth through innovation

Trex's strategic focus on innovation, brand strength, and distribution expansion underpins growth.
Challenges in managing pricing pressures and operational efficiency require careful attention.
Opportunities in steady demand, cost-saving measures, and revenue expansion through consumer behavior exist.
Overall, Trex's performance in Q4 2022 sets a positive trajectory for growth and margin improvement.

Trex reports robust Q1 earnings, eyes market share growth

Trex's Q1 2023 performance reflects strong financial results and strategic investments for growth, supported by market leadership and a focus on innovation and sustainability.
While facing seasonal challenges and operational requirements for production ramp-up, the company is well-positioned to capitalize on opportunities in marketing, market share expansion, and potential M&A.
Overall, Trex's performance highlights a balanced approach to addressing challenges, leveraging strengths, and pursuing opportunities for sustained growth and market leadership.

Trex reports robust Q2 earnings, raises guidance amid sustainability focus

Trex's Q2 2023 earnings call highlighted strong sales performance, increased guidance, and a focus on sustainability and new product development.
Challenges include managing raw material costs, balancing CapEx requirements, and ensuring effective brand spending, while opportunities exist in composite conversion rates and market engagement.
Overall, Trex's performance reflects a positive outlook driven by consumer demand, strategic investments, and operational efficiency.

Trex reports robust Q3 performance, eyes growth through innovation

Trex's Q3 performance reflects strong growth driven by new products and marketing investments, with a focus on market share expansion and sustainability.
While facing challenges like thinning project backlogs and increased SG&A spending, the company remains optimistic about future opportunities for growth and differentiation.
By leveraging its strengths in product innovation and market positioning, Trex aims to navigate challenges and capitalize on market demand for high-quality, sustainable products.

Trex reports robust earnings, eyes growth through innovation and sustainability

Trex's strong Q4 performance and full-year results reflect growth momentum and profitability enhancements driven by strategic initiatives.
Despite challenges in certain sectors, the company's focus on innovation, sustainability, and operational efficiency positions it well for future growth.
With a positive outlook for 2024 and a strategic roadmap for margin improvement, Trex is poised for continued success in the market.

Trex (TREX) reports stellar Q1 results, eyes growth opportunities

Trex's Q1 performance reflects strong sales growth and margin expansion, underpinned by market demand for premium decking products and operational efficiencies.
The company's strategic positioning, brand recognition, and focus on innovation present opportunities for sustained growth and market leadership.
While facing challenges in inventory management and channel dynamics, Trex's proactive approach to product expansion and operational optimization positions it for long-term success.

Trex reports Q2 growth driven by premium products amid challenges

Trex reported solid financial performance in Q2 2024, driven by strong demand for premium products.
While facing challenges such as softness in entry-level products, the company remains focused on growth.
Opportunities lie in expanding market presence through new product launches and strategic investments.
Overall, Trex's proactive approach to market challenges positions it well for long-term success.

Trex reports Q3 sales growth, plans market expansion and innovation

Trex's Q3 2024 showcased mixed results with sales growth but lower profitability. Despite challenges in gross margin and net income, the company remains focused on expanding market share, enhancing margins, and driving innovation for sustained growth.

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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

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JELD vs. TREX: Which Stock Should Value Investors Buy Now?

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

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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

Composite Decking Leader Expands and Simplifies Plastic Film Recycling Initiative Composite Decking Leader Expands and Simplifies Plastic Film Recycling Initiative

Trex Company Launches New Community Recycling Challenge

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 will hold an investor day in New York, NY on Thursday, September 7, 2023. The formal presentation will begin at 2:00 p.m. ET. This interactive event will feature panels and presentations by a broad representation of Trex management who will provide further insig.

Trex Company to Host Investor Day in New York on September 7

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MACEDONIA, Ohio--(BUSINESS WIRE)--TPC Wire & Cable (TPC) has expanded its comprehensive industrial wire & cable portfolio with two new additions to our Thermo-Trex family: Thermo-Trex® 2000 Shielded Multi-Conductor and Multi-Pair Cable and Thermo-Trex® 2800 RTD Cable. TPC's Thermo-Trex® brand is the solution for a high temperature resistant cable available in many different configurations gauge sizes for power or control applications. Product Manager, Debbie Tromp, “We developed these p.

TPC Wire & Cable Introduces New Products to the Thermo-Trex® Line of Wire & Cable

Composite Decking Leader Recognized for Ongoing Commitment to Sustainability Composite Decking Leader Recognized for Ongoing Commitment to Sustainability

Trex Company Named a 2023 Eco-Leader by Green Builder Media

On July 31, the maker of eco-friendly composite decking and outdoor products reported earnings of 71 cents per share, down 10% from a year ago, but topping views, which called for net income of 54 cents a share, as you can see on MarketBeat's Trex earnings page.

Trex Shares Up As Eco-Friendly Flooring Specialist Beats Views

Trex beat on the top and bottom lines, benefitting from its work to cut costs and improve efficiency. The company's guidance for the third quarter is higher than what investors had expected.

News for Trex Stock (TREX)