Trex Company, Inc. (NYSE: TREX) reported better-than-expected fourth-quarter financial results on Monday.
Trex posted adjusted earnings of 20 cents per share, beating market estimates of 19 cents per share. The company’s quarterly sales came in at $195.75 million, versus expectations of $193.23 million, according to data from Benzinga Pro.
“Fourth quarter results represented a strong finish to the year. Sales were above the high end of our guidance range, reflecting strong demand for Trex products heading into 2024. Channel sell-through remained at mid-single-digit levels in the fourth quarter and channel inventories ended the year at …
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