Trex Sees FY24 Net Sales $1.215B-$1.235B vs $1.22B Est., Q1 Sales $360M-$370M vs $307.1M Est.
Portfolio Pulse from Benzinga Newsdesk
Trex Company, Inc. projects its FY24 net sales to be between $1.215 billion and $1.235 billion, surpassing the estimated $1.22 billion. For Q1, Trex anticipates sales between $360 million and $370 million, significantly higher than the $307.1 million estimate.
February 26, 2024 | 9:33 pm
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Trex Company, Inc. forecasts higher-than-expected FY24 net sales and Q1 sales, indicating strong future performance.
Trex's projection of higher-than-expected sales for both FY24 and Q1 suggests a strong demand for its products and operational efficiency. This positive outlook is likely to boost investor confidence and potentially lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100