Following the market close today, Trex Co. Inc. (TREX) turned heads with its stellar after-hours stock performance, indicating investor optimism. Shares of the company climbed to $103.00, buoyed by a robust trade volume of 43.13K. The stock’s noteworthy $8.14 jump resulted in a remarkable 8.58% increase from its closing price, mirroring the market’s strong confidence in the company and hinting at a favorable future as investors reassess today’s market activities and strategize accordingly.
What Happened Recently?
On February 26, 2024, Trex Company, Inc. (NYSE: TREX), a pioneer in sustainable, low-maintenance outdoor decking and railing solutions, unveiled its Q4 earnings, along with the full-year financials for 2023. Highlights from the Q4 and annual financials for 2023 revealed a solid quarterly net sales of $196 million, contributing to a yearly sum of $1.1 billion. The company reported a healthy profit with a Q4 gross margin of 36.1% and a yearly gross margin of 41.3%. The Q4 net income was $22 million, yielding $0.20 in diluted earnings per share; the annual net income amounted to $205 million, equivalent to $1.89 in diluted earnings per share. The Q4 EBITDA reached $41 million at a 21.0% margin, while the annual EBITDA was $326 million at a 29.8% margin.
Upcoming Investor Call for Q4 2023
Trex Company, Inc. has arranged an investor call to go over its Q4 and full-year 2023 financial results on February 26, 2024, at 5:00 p.m. Eastern Time. Interested parties can join the call by dialing 1-844-792-3734, or 1-412-317-5126 for international callers, around ten minutes before the scheduled time. Callers should state their intent to join the Trex Company Conference Call to the operator.
A live webcast of the call will also be available on the Trex Company website under “Investor Relations” with the title “4Q23 Earnings Webcast.” If you’re unable to attend the live webcast, a recorded replay will be posted on the Trex website within 24 hours of the live call and will remain available for 30 days thereafter.
