Trex Expands Canadian Distribution With Alexandria Moulding

04.12.24 17:34 Uhr

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Trex Company, Inc. TREX has expanded its distribution network in Canada through a strategic partnership with Alexandria Moulding.The collaboration aims to bring Trex’s premium outdoor living solutions to a broader audience of Canadian retailers, homeowners, and contractors.Enhancing Canadian Outdoor LivingThe partnership represents a significant milestone for Trex as it continues to grow its presence in Canada. By leveraging Alexandria Moulding’s extensive distribution capabilities, Trex will be better positioned to meet the increasing demand for eco-friendly, low-maintenance decking and railing products across the country.Canadian consumers and contractors can look forward to enhanced access to Trex’s innovative outdoor living solutions, which will make it easier than ever to design beautiful, durable, and sustainable spaces.This collaboration underscores Trex’s commitment to driving growth and providing high-quality, environmentally conscious products to the global market. As the outdoor living trend continues to flourish, this partnership sets the stage for a stronger footprint in Canada and beyond.About Alexandria MouldingAlexandria Moulding, a Specialty Building Products brand, is a major player in the North American building materials market. Known for its expertise in mouldings, millwork, and decorative building products, the company offers a robust supply chain and marketing capabilities that align seamlessly with Trex’s mission to provide innovative and sustainable outdoor living products.TREX Stock’s Price PerformanceShares of this Winchester, VA-based wood and plastic composite products manufacturer and distributor have gained 26.8% in the past three months compared with the Zacks Building Products - Wood industry’s 16.1% growth. The company has been reaping the rewards of robust demand for its premium products and cost-reduction efforts.Image Source: Zacks Investment ResearchNew product developments have been pivotal, with recent innovations such as steel, mesh and aluminum railing systems and heat-mitigating technology in new decking colors aligning well with consumer preferences. These product expansions support Trex’s strategic goal of doubling its share of the railing market in the next five years.The improving trend is also clear from TREX’s estimate revision trend. The Zacks Consensus Estimate for 2024 sales and earnings per share (EPS) indicates 4.3% and 10.2% year-over-year growth, respectively.Product Expansion to Drive Growth for TREXIn November, TREX strengthened its partnership with Boise Cascade Company BCC, a major distributor of building products. Going forward, Trex will be the exclusive brand of composite decking and railings sold through participating Boise locations nationwide. This expanded collaboration also includes incremental Trex distribution in New Jersey and the surrounding areas.Earlier in June, the company entered a strategic partnership with Paragon Stairs, the latter being the exclusive supplier for its Trex Spiral Stairs collection.TREX’s Zacks Rank & Key PicksTrex currently carries a Zacks Rank #3 (Hold).A couple of better-ranked stocks from the same space have been discussed below:Louisiana-Pacific Corporation LPX currently flaunts a Zacks Rank of 1 (Strong Buy). LPX delivered a trailing four-quarter earnings surprise of 30.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for LPX’s 2024 sales and EPS indicates an increase of 12.7% and 72.1%, respectively, from a year ago.PotlatchDeltic Corporation PCH presently carries a Zacks Rank #2 (Buy). The company delivered a trailing four-quarter average earnings surprise of 50%.The Zacks Consensus Estimate for PCH’s 2024 EPS indicates a decrease of 65.1% but the same for 2025 reflects an increase of 441.7% from a year ago.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Louisiana-Pacific Corporation (LPX): Free Stock Analysis Report Potlatch Corporation (PCH): Free Stock Analysis Report Trex Company, Inc. (TREX): Free Stock Analysis Report Boise Cascade, L.L.C. (BCC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Nachrichten zu Trex Co. Inc.

Analysen zu Trex Co. Inc.

DatumRatingAnalyst
30.04.2019Trex NeutralB. Riley FBR
31.07.2018Trex HoldStifel, Nicolaus & Co., Inc.
22.02.2018Trex HoldStifel, Nicolaus & Co., Inc.
03.01.2018Trex BuyB. Riley FBR, Inc.
08.12.2017Trex HoldStifel, Nicolaus & Co., Inc.
DatumRatingAnalyst
31.07.2018Trex HoldStifel, Nicolaus & Co., Inc.
22.02.2018Trex HoldStifel, Nicolaus & Co., Inc.
03.01.2018Trex BuyB. Riley FBR, Inc.
08.12.2017Trex HoldStifel, Nicolaus & Co., Inc.
01.06.2017Trex BuySeaport Global Securities
DatumRatingAnalyst
30.04.2019Trex NeutralB. Riley FBR
31.10.2017Trex NeutralFBR & Co.
01.08.2017Trex Mkt PerformFBR & Co.
28.02.2017Trex Mkt PerformFBR & Co.
17.01.2017Trex NeutralWedbush Morgan Securities Inc.
DatumRatingAnalyst
23.06.2005Update Trex Co. Inc.: UnderweightBB&T Capital Markets

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