Trex Company is a leading manufacturer of wood-alternative decking and railing products, specializing in sustainable building materials that are designed to enhance outdoor spaces. The company utilizes recycled wood and plastic to create durable, low-maintenance products that offer the aesthetic appeal of traditional wood while being more resistant to weathering and damage. Trex's innovative offerings cater to both residential and commercial markets, promoting environmentally friendly practices and a commitment to quality. With a focus on sustainability, Trex is dedicated to providing customers with attractive and long-lasting solutions for their outdoor living needs.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the home construction materials stocks, including Simpson (NYSE:SSD) and its peers.
Over the past six months, Trex’s stock price fell to $74.43. Shareholders have lost 12.8% of their capital, which is disappointing considering the S&P 500 has climbed by 14.2%. This might have investors contemplating their next move.
Multi-industry consumer and professional products manufacturer Griffon Corporation (NYSE:GFF)
will be announcing earnings results tomorrow before market hours. Here’s what you need to know.
Composite decking and railing products manufacturer Trex Company (NYSE:TREX) announced better-than-expected revenue in Q3 CY2024, but sales fell 23.1% year on year to $233.7 million. On the other hand, the company’s full-year revenue guidance of $1.14 billion at the midpoint came in slightly below analysts’ estimates. Its non-GAAP profit of $0.37 per share was also 15.6% above analysts’ consensus estimates.
Composite decking and railing products manufacturer Trex Company (NYSE:TREX)
will be reporting results tomorrow after market close. Here’s what you need to know.
Wall Street could go from strength to strength as the index futures point to another session in the green as investors seek to put the worst behind. Volatility continued to drop, as evidenced by another sharp slide in the CBOE Volatility Index, which is now approaching pre-sell-off levels.
