Trex Company Reports First Quarter 2021 Results
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Stephens Reiterates Equal Weight Rating on Trex (TREX)
May 12, 2021 6:57 AM EDTStephens analyst Trey Grooms reiterated an Equal Weight rating and $111.00 price target on Trex (NYSE: TREX) following the company's 1Q earnings report. TREX reported sales and adj. EBITDA above expectations with strong demand for Residential products keeping TREX running at full capacity. TREX... More
Trex (TREX) Tops Q1 EPS by 4c, Revenues Bat; Offers 2Q Revenues Outlook
May 10, 2021 4:08 PM EDTTrex (NYSE: TREX) reported Q1 EPS of $0.42, $0.04 better than the analyst estimate of $0.38. Revenue for the quarter came in at $246 million versus the consensus estimate of $237.82 million.
Sustained demand for Trex Residential products and accelerated market share gains from wood drove first quarter sales growth, laying the foundation for another year of strong double-digit revenue growth in 2021. At the same time, capacity expansion at our new state-of-the-art manufacturing facility in Virginia is coming on faster than originally anticipated. We now expect all lines in our new plant to be fully... More
