TREX expands in Canada with Alexandria Moulding, bringing premium decking to more retailers, homeowners, and contractors nationwide.
Trex expands its distribution network with Boise Cascade partnership.
Housing costs are a key issue for many, with recent data from the National Association of Realtors (NAR) data showing that the market share of first-time homebuyers reached a historic low while the age and income of those who are buying homes rose. Trex (TREX) CEO Bryan Fairbanks sits down with Market Domination Overtime Hosts Julie Hyman and Josh Lipton to check in on how the housing market dynamics affect the renovation space and companies like the composite materials manufacturer.
Bryan Fairbanks, Trex CEO, joins CNBC's 'The Exchange' to discuss Trex's third-quarter earnings beat, growth plans, and more.
With numerous headwinds in the rearview, market sentiment is improving for Trex Company. Trex has 3 tailwinds: growth in Restore & Remodel, a new opportunity in railing, and growth in FCF. At $70, Trex stock is undervalued by >15% compared to historical valuation metrics.
Trex, Louisiana-Pacific and JELD-WEN have been highlighted in this Industry Outlook article.
Trex Company, Inc. (NYSE:TREX ) Q3 2024 Earnings Call Transcript October 28, 2024 5:00 PM ET Company Participants Casey Kotary - IR Amy Fernandez - SVP, CLO and Secretary Bryan Fairbanks - President and CEO Brenda Lovcik - SVP and CFO Conference Call Participants Ryan Merkel - William Blair Rafe Jadrosich - Bank of America Keith Hughes - Truist Reuben Garner - The Benchmark Company Susan Maklari - Goldman Sachs John Lovallo - UBS Michael Rehaut - JPMorgan Tim Wojs - Baird Phil Ng - Jefferies Jeffrey Stevenson - Loop Capital Kurt Yinger - D.A. Davidson Trevor Allinson - Wolfe Research Adam Baumgarten - Zelman Steven Ramsey - Thompson Research Group Matthew Bouley - Barclays Operator Good day, and welcome to the Trex Company Third Quarter 2024 Earnings Conference Call.
Trex (TREX) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.57 per share a year ago.
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 manufactures composite decking and has quickly become the leader in its niche. Despite its market share leadership, the company's growth story has many chapters to go.
Trex beat analyst earnings expectations, but revenue came in lighter than expected. The company also guided for third-quarter and full-year sales below expectations.
Trex Company, Inc. (TREX) Q2 2024 Earnings Call Transcript