TREX Stock Recent News
TREX LATEST HEADLINES
WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company, Inc. (NYSE:TREX), the world's largest manufacturer of high-performance, low-maintenance composite decking and railing, and a leading brand of outdoor living products, today published its 2023 Sustainability Report, “Seeing More Value in Sustainability.” Trex 2023 financials demonstrated the strength of the Trex brand, the resilience of its consumer base, and the relevance of its products, underpinned by a 30+ year commitment to sustainability base.
TREX is a high-quality, maintenance-free faux wood product that is popular among homeowners. The company is the market leader in synthetic wood products, with potential for growth in decking and railing markets. TREX's valuation is currently high, but its consistent earnings growth and future potential make it a compelling long-term investment.
Investors need to pay close attention to Trex (TREX) stock based on the movements in the options market lately.
TREX enhances its Spiral Stairs collection product offering by partnering with Paragon Stairs as its exclusive supplier.
Trex (TREX) is the world's largest manufacturer of wood-alternative decking. CEO Bryan Fairbanks joins Nicole Petallides to give an overview of the company and discuss recent remodeling trends.
WINCHESTER, Va., June 03, 2024 (GLOBE NEWSWIRE) -- Trex Company [NYSE: TREX] is stepping into outdoor living season with a strategic new addition to its roster of licensed partners.
The Zacks Building Products - Wood industry is expected to gain from a favorable housing market, home improvement activities and cost control. Industry players like TREX, UFPI and LPX are set to gain the most from the tailwinds.
TREX's first-quarter results reflect higher utilization and investments in production efficiencies amid an increase in SG&A costs.
Trex (TREX) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.38 per share a year ago.
TREX is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.