Trex Company, Inc. Provides Revenue Guidance for Third Quarter and Full Year 2023
July 31, 2023 at 04:06 pm EDT
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Trex Company, Inc. provided revenue guidance for third quarter and full year 2023. For Third quarter revenues are estimated to be in the range of $280 million to $290 million, with fourth quarter results reflecting both seasonally low demand and expectations that year end channel inventories will be below that of year end 2022.
For the year, Company expect revenues to range from $1.04 billion to $1.06 billion and anticipate continued sell-through will reduce year-end channel inventories below 2022 levels.
Trex Company, Inc. is a manufacturer of wood-alternative decking and residential railing and outdoor living products and accessories, marketed under the brand name Trex. The Companyâs segment is Trex Residential Products. Trex Residential Products manufactures outdoor living products, consisting of composite decking and railing products, hidden fasteners, and a broad offering of outdoor living accessories. The Company offers a range of products, such as Trex Outdoor Furniture; Trex Pergola; Trex Lattice; Trex Cornhole; Trex Blade; Trex Outdoor Kitchens, and others. Its principal decking products are Trex Signature, Trex Transcend Lineage, Trex Transcend, Trex Select, and Trex Enhance. Trex Outdoor Kitchens cabinetry is manufactured and sold by Danver Outdoor Kitchens. Its Trex Seclusions composite fencing product is offered through two specialty distributors. This product consists of structural posts, bottom rails, pickets, top rails and decorative post caps.