Reflecting On Home Construction Materials Stocks' Q2 Earnings: Trex (NYSE:TREX) [Yahoo! Finance]
Trex Company, Inc. (TREX)
Last trex company, inc. earnings: 2/24 04:15 pm
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US:NYSE Investor Relations:
trex.com/our-company/investor-relations
Company Research
Source: Yahoo! Finance
Traditionally, home construction materials companies have built economic moats with expertise in specialized areas, brand recognition, and strong relationships with contractors. More recently, advances to address labor availability and job site productivity have spurred innovation that is driving incremental demand. However, these companies are at the whim of residential construction volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates. Additionally, the costs of raw materials can be driven by a myriad of worldwide factors and greatly influence the profitability of home construction materials companies. The 12 home construction materials stocks we track reported a slower Q2. As a group, revenues missed analysts' consensus estimates by 2.4% while next quarter's revenue guidance was 22.9% below. Inflation progressed towards the Fed's 2% goal recently, leading the Fed to reduce its policy rate by 50bps (half a percent or 0.5%) in
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TREX
News
- Trex Decking and Railing Earn Rave Reviews from Building and Design Experts [Yahoo! Finance]Yahoo! Finance
- Trex Decking and Railing Earn Rave Reviews from Building and Design ExpertsBusiness Wire
- Composite Decking Market to Grow by USD 2.82 Billion (2024-2028), Driven by Construction Industry Revival, with AI Driving Market Transformation - Technavio [Yahoo! Finance]Yahoo! Finance
- Trex Company Welcomes New Chief Information Officer to Leadership TeamBusiness Wire
- Trex Company's Exclusivity Strategy Drives Shifts in the Distribution Landscape [Yahoo! Finance]Yahoo! Finance
TREX
Earnings
- 10/28/24 - Beat
TREX
Sec Filings
- 11/21/24 - Form 8-K/A
- 11/15/24 - Form SCHEDULE
- 10/28/24 - Form 10-Q
- TREX's page on the SEC website