Trex Co. Set to Report Earnings: What to Expect
August 2, 2023
🌥️Trending News
Trex Co. is set to report its earnings soon, and investors are eagerly awaiting the results. The company, which manufactures wood-alternative composite decking and railing products, is expected to provide an update on its business and share guidance for the future. TREX COMPANY ($NYSE:TREX) is a market leader in the wood-alternative decking and railing industry. TREX COMPANY manufactures and sells a variety of products, including composite decking, railing, and fencing solutions as well as other outdoor living enhancements. The company has also expanded its portfolio to include outdoor furniture, lighting, and storage solutions. Analysts are expecting Trex Co. to deliver better-than-expected earnings for the quarter.
Analysts believe that Trex Co.’s strong product portfolio and growing demand for outdoor living solutions will drive its results for the quarter. Overall, investors should keep a close eye on the upcoming earnings report from Trex Co. If the company meets or exceeds analyst expectations, then its stock could experience a surge in price. On the other hand, if it falls short of expectations, then it could see its stock price decline.
Earnings
TREX COMPANY is set to report its earnings for FY2023 Q2 ending June 30 2021. According to the report, total revenue was 311.6M USD, with 61.37M USD in net income. This represents a 19.3% decrease in total revenue and a 31.0% decrease in net income compared to the previous year.
Despite this decrease, TREX COMPANY’s total revenue has grown steadily for the past three years, increasing from 311.6M USD to 356.54M USD. Investors and analysts alike will be keeping a close eye on this report, as trends within the company’s revenue could indicate future performance.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Trex Company. More…
| Total Revenues | Net Income | Net Margin |
| 975.82 | 142.67 | 15.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Trex Company. More…
| Operations | Investing | Financing |
| 134.01 | -184.68 | 38.25 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Trex Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.07k | 446.29 | 5.74 |
Key Ratios Snapshot
Some of the financial key ratios for Trex Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.7% | -1.3% | 21.6% |
| FCF Margin | ROE | ROA |
| -5.9% | 22.3% | 12.3% |
Stock Price
TREX COMPANY is set to report its earnings on Monday, and the stock opened at $69.6 and closed at $69.1, a 0.2% drop from the previous closing price of 69.3. Investors are eagerly awaiting the earnings report, as it will provide valuable insight into the company’s financial performance and future prospects. Analysts are expecting the report to show an increase in both revenue and earnings compared to the same period a year ago. The report will also provide information on any recent developments, such as key partnerships or investments that could affect the company’s performance.
Additionally, any changes to the company’s strategy or management team could be revealed in the report. Investors will be watching closely to determine if TREX COMPANY is positioned for growth in the coming quarters. Overall, investors should prepare for a crucial earnings report from TREX COMPANY on Monday. It will likely reveal vital insights into the company’s current financial situation and future prospects, so investors should pay close attention to the details provided in the report when evaluating their investments. Live Quote…
Analysis
GoodWhale conducted an analysis of TREX COMPANY’s fundamentals and the results reveal that the company is in a very healthy position. Our Star Chart showed that TREX COMPANY has a high health score of 10/10 with regards to its cashflows and debt, indicating that it is capable of paying off debt and funding future operations. We classified the company as an ‘elephant’, which we conclude is a company rich in assets after subtracting off liabilities. TREX COMPANY is also strong in profitability, medium in assets, growth and weak in dividend. As such, value investors and growth investors may be interested in such a company. Furthermore, since the company is in a healthy position, we believe it could be an attractive acquisition target for larger companies that want to expand their portfolio. More…
Peers
The company’s products are made from recycled materials, such as plastic bags and wood fiber. Trex’s products are available in a variety of colors, textures, and designs. The company also offers a line of low-maintenance, high-performance products that are designed to withstand the elements. Trex’s competitors include Stelrad Group PLC, Komatsu Wall Industry Co Ltd, and PT Arwana Citramulia Tbk.
– Stelrad Group PLC ($LSE:SRAD)
The Stelrad Group PLC is a leading manufacturer of radiators and related products. The company has a market capitalization of 156.64 million as of 2022 and a return on equity of 24.55%. The company’s products are used in a variety of applications, including heating, ventilation, and air conditioning (HVAC), industrial, and commercial. The company’s products are sold through a network of distributors and dealers in the United Kingdom, Europe, North America, and Asia.
– Komatsu Wall Industry Co Ltd ($TSE:7949)
Komatsu Wall Industry Co Ltd has a market cap of 17.66B as of 2022. The company’s ROE is 3.05%. Komatsu Wall Industry Co Ltd is a Japanese company that manufactures and sells construction equipment. The company’s products include excavators, bulldozers, and cranes.
– PT Arwana Citramulia Tbk ($IDX:ARNA)
PT Arwana Citramulia Tbk is one of the largest publicly traded companies in Indonesia with a market capitalization of 6.18 trillion as of 2022. The company has a diversified business portfolio with interests in mining, manufacturing, real estate, and other sectors. The company’s return on equity is 29.56%, indicating that it is a profitable company. PT Arwana Citramulia Tbk is a well-established company with a strong presence in Indonesia and a good reputation among investors.
Summary
Trex Co is up for an earnings preview this week. Investors will be watching to see if the company can meet expectations and deliver solid financial performance. Analysts will also be looking at other key metrics such as inventory levels, margins, and return on invested capital.
Investors should also be aware of any potential risks that may affect the stock price in the short-term, such as economic conditions, competitive pressures, and changes in regulations. With that in mind, Trex Co is expected to provide a positive outlook for the coming quarter and beyond.
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