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Shares of Trex Co (NYSE:TREX) fell in after-market trading after the company reported Q2 results.
Quarterly Results
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Earnings per share were down 34.57% over the past year to $0.53, which were in line with the estimate of $0.53.
Revenue of $311,596,000 up by 41.22% from the same period last year, which beat the estimate of $302,230,000.
Looking Ahead
Trex Sees Q3 Sales $320M-$330M vs $323.31M Est.
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Date: Aug 02, 2021
Time: 05:00 PM
ET Webcast URL: https://edge.media-server.com/mmc/p/grrbsboj
Price Action
Company's 52-week high was at $313.26
52-week low: $63.32
Price action over last quarter: down 12.35%
Company Profile
Trex Co Inc is a manufacturer of wooden alternative-decking products. The company offers outdoor products in the decking, railing, porch, fencing, trim, steel deck framing, and outdoor lighting categories. Its products are sold under the Trex brand and manufactured in the United States. Further, the company licenses its Trex brand to third parties to manufacture and sell products under the Trex trademark. The distribution is focused on wholesale distributors and retail lumber dealers, which in turn sell Trex products to homeowners and contractors, with an emphasis on professional contractors, remodelers, and homebuilders.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.