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0 0.000617474529175695 0.00096531851394465 0.00036019347535244 0.00036019347535244 0.00488834002264082 0.00344756612123091 0.00187300607183289
Stock impact report

Trex Company: Moving Out Of This Outdoor Play [Seeking Alpha]

Trex Company, Inc. (TREX) 
Last trex company, inc. earnings: 2/24 04:15 pm Check Earnings Report
US:NYSE Investor Relations: trex.com/our-company/investor-relations
Company Research Source: Seeking Alpha
Despite a strong performance in 2023, Trex Company has experienced a challenging 2022 due to tough comparables, higher interest rates, and a softening housing market, as 2023 was more of the same. Despite a relatively solid performance in 2023, Trex shares have re-rated and trade at demanding multiples, raising concerns about future growth. Looking for a helping hand in the market? Members of Value In Corporate Events get exclusive ideas and guidance to navigate any climate. Learn More » Earl in 2023, I believed that Trex Company, Inc. ( NYSE: TREX had seen a tougher 2022 than it previously thought. Despite these concerns, driven by tough comparables, higher interest rates, and a resulting softening housing market, I was upbeat on the long term secular growth story, with its composite products gaining market share compared to wood. After a difficult 2023, which came in better than initially expected, I am mindful of the fact that shares have re-rated a lot and trade at very d Show less Read more
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