Trex Company Announces 5-Year Net Sales, EBITDA And EBITDA Margin Targets; Sees FY28 Net Sales Of $1.8B-$1.9B
Portfolio Pulse from Benzinga Newsdesk
Trex Company has announced its 5-year net sales, EBITDA, and EBITDA margin targets. The company expects FY28 net sales to be between $1.8B-$1.9B, with EBITDA doubling to over $600 million and EBITDA margin improving by 500 bps to approximately 34%.
September 07, 2023 | 8:24 pm
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POSITIVE IMPACT
Trex Company's announcement of its 5-year targets, including a significant increase in net sales and EBITDA, could potentially boost investor confidence and positively impact its stock price in the short term.
The announcement of increased net sales and EBITDA targets indicates that Trex Company is expecting significant growth in the coming years. This could potentially attract more investors, leading to an increase in demand for the stock and a rise in its price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100