Trex Q1 Earnings: Strong Growth & Innovation

Trex kicks off Q1 with a one percent sales boost, reaching $343 million, and unveils strategic priorities under new CEO Adam Zambanini. The company aims to double railing sales in five years, strengthen distribution, and enhance team capabilities. Despite weather challenges and uncertain remodel demand, EBITDA rises by two percent to $103 million. Trex maintains guidance for full-year sales between $1.185 billion and $1.23 billion, with EBITDA from $315 million to $340 million. The company is aggressive on buybacks and plans to slash capex with the Arkansas plants completion. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1a93ecb97251a050