Trex Company Reports Third Quarter 2024 Results
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: Business Wire
Continued Strength in Consumer Demand for Premium ProductsNew Railing Product Introductions to Accelerate Market Share GainsProvides Update on New Arkansas FacilityReaffirms Full Year 2024 Sales Guidance and Expects to Achieve High End of EBITDA Guidance Range WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company, Inc. (NYSE:TREX), the world’s largest manufacturer of wood-alternative decking and railing, and a leader in high-performance, low-maintenance outdoor living products, today announced financial results for the third quarter of 2024.Third Quarter Financial 2024 HighlightsNet sales of $234 millionGross margin of 39.9%Net income of $41 million and diluted earnings per share of $0.37EBITDA of $68 million and EBITDA margin of 29.1%Trex repurchased 1.6 million shares year-to-date for $100 millionCEO Comments“Our third quarter results were ahead of our expectations led by sustained consumer demand for our premium-priced products, for which we estimate sell-through increased by high-sing
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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