TrexNYSE: TREX

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 (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.

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 Highlights Net sales of $234 million Gross margin of 39.9% Net income of $41 million and diluted earnings per share of $0.37 EBITDA of $68 million and EBITDA margin of 29.1% Trex repurchased.

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.

WINCHESTER, Va.--(BUSINESS WIRE)--Leading building products distributor Snavely Forest Products is going all-in with Trex. The longtime Trex®-exclusive decking distributor will now sell Trex® railing exclusively through its nationwide distribution network, including expanded reach with Trex in the Colorado market. “It is a very exciting time to be affiliated with Trex,” said Clark Spitzer, president of Snavely Forest Products. “Not only do they engineer the industry's top-selling composite deck.

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, will issue its third quarter 2024 earnings release on Monday, October 28, 2024, after the close of the U.S. market. You are invited to participate in the Company's conference call hosted by senior management on October 28, 2024, at 5:00 PM ET. Their prepared remarks will be followed b.

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.