Trex Projects Q4 Revenues Of $185M-$195M, Reflecting Both Seasonally Low Demand And Expectation That Year-end Channel Inventories Will Be Below Year-end 2022
Portfolio Pulse from Benzinga Newsdesk
Trex Company Inc. projects its Q4 revenues to be between $185M-$195M. This projection reflects both seasonally low demand and the expectation that year-end channel inventories will be below year-end 2022.
October 30, 2023 | 8:45 pm
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Trex Company Inc. expects lower Q4 revenues due to seasonally low demand and anticipated lower year-end channel inventories.
Trex's projected lower Q4 revenues indicate a potential decrease in sales and profitability, which could negatively impact the company's stock price in the short term. The lower year-end channel inventories suggest a possible decrease in product availability, which could also negatively affect sales and the stock price.
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