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TREX News
TREX Events
Trex Appoints Brian Taylor as Chief Commercial Officer
Trex Company announced the appointment of Brian Taylor as the company's first Chief Commercial Officer, CCO. Taylor joins Trex from POOLCORP where he served as Vice President of Sales for North America
Trex Reports Q3 Revenue of $418M, Exceeding Expectations
Reports Q3 revenue $418M, consensus $415.7M. "I'm pleased to report that Trex is delivering strong results from disciplined execution against our strategic priorities. We are returning to stronger top-line growth, while also upgrading our distribution network and accelerating the timing of our Arkansas capacity expansion to further strengthen our market position and drive long-term growth," said CEO Adam Zambanini. "At the same time, we are also seeing improved consumer demand trends, with broad-based demand across categories and price points...The transition is tracking to plan with inventory levels at distributors already at desired levels. Together, our accelerated Arkansas expansion and upgraded distribution network strengthens our competitive position, supports long-term growth, and advances our goal of achieving $2B in annual sales by 2030".
Trex Company Sees Q3 Revenue of $305-$320M
Trex Company sees Q3 revenue $305-$320M, consensus $299.54M
Trex Signs Exclusive Agreement with Fencing Supply Group
Trex Company has signed a multi-year agreement with Fencing Supply Group to become the exclusive national distributor of Trex Fencing.
Nasdaq Rises on Soft Inflation Data, IBM Under Pressure
Stocks moved higher, with the Nasdaq the leader, after softer inflation data shut the door on a Fed rate hike this month. Both headline and core inflation rates declined, easing the impact of another rally in energy prices after the U.S. and Iran maintained strikes against each other. Attention was also focused on the first wave of second quarter earnings from major U.S. banks. Meanwhile, IBM was under pressure after issuing a softer-than-expected revenue outlook, weighing on software and enterprise technology stocks.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:IBMoffered abut guided for 5% software revenueHCA Healthcareprovided anbut lowered its earnings guidance for FY26Goldman Sachsreportedas investment banking fees grew 55% year-over-year in the quarterJPMorganreported, with the company saying it expects AI to produce "huge efficiencies" across the bankAdditionally, Wells Fargoand Citiboth reported2. WALL STREET CALLS:Appleto Underweight at KeyBancPrior to IBM's negative pre-announcement, HSBCshares to Reduce, arguing in favor of a "synthetic IBM" insteadCircle Internetto Underperform at MizuhoBarclayscoverage of SK Hynixwith an Overweight rating and $330 price targetSpaceXwith an Outperform at Evercore ISI3. AROUND THE WEB:Verizonis planning another round of layoffs this week, Barron's reportsPrismML CEO Babak Hassibi told CNBC that Appleand other companies have been evaluating the startup's models and measuring their speed, energy efficiency and performance on devicesGoogleis being probed over Android's default search feature, Reuters reportsOpenAI's first device is expected to be unveiled in 2026, Bloomberg saysA U.S. unit of ZTEand two other Chinese companies have received approval to purchase advanced AI chips from Nvidiaand AMD, signaling a selective easing of export restrictions for certain Chinese firms, Reuters says4. MOVERS:NextCuresurged after entering into awith Avere TherapeuticsDelivery Herowas higher after confirming it iswith Uberin respect to a potential takeover offerJet.AIdropped after entering into a Letter of Intent for awith a privately held operating companyBiogenwas lower afterfrom its CELIA study evaluating diranersenLucidslipped after the companyas an adviser, adding that reports of a possible bankruptcy filing are "completely false"5. EARNINGS/GUIDANCE:FastenalreportedTrex Companyraised itsEricssonreported aUnity Bancorpreported slightlyVirtu FinancialreportedINDEXES:The Dow rose 9.63, or 0.018%, to 52,508.27, the Nasdaq gained 233.83, or 0.90%, to 26,107.01, and the S&P 500 advanced 28.25, or 0.38%, to 7,543.59.
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