Core Points - U.S. stock futures are lower, with Dow futures falling over 50 points [1] - Super Micro Computer Inc reported disappointing first-quarter results, with earnings of 35 cents per share, missing the consensus estimate of 40 cents, and revenue of $5.01 billion, below the expected $5.99 billion [2] - Super Micro's revenue decreased from $5.93 billion in the same period last year [2] - The company's shares fell 9.2% to $43.12 in pre-market trading [2] Company-Specific Movements - Biohaven Ltd experienced a significant drop of 46.2% to $7.51 after receiving an FDA Complete Response Letter for VYGLXIA [4] - Trex Company Inc declined 31.9% to $32.02 following worse-than-expected third-quarter results and lowered FY25 sales guidance [4] - Soleno Therapeutics Inc fell 22.2% to $49.65 after reporting third-quarter results [4] - Axon Enterprise Inc's shares dropped 19.6% to $567.50 after mixed third-quarter results and an acquisition announcement [4] - Pinterest Inc dipped 18.8% to $26.69 after posting disappointing third-quarter earnings [4] - SSR Mining Inc fell 17.5% to $17.90 after its third-quarter results [4] - Uniqure NV's shares decreased by 15.8% to $25.61 after a prior gain [4] - Clover Health Investments Corp fell 15.5% to $2.97 after mixed third-quarter results [4] - Upstart Holdings Inc declined 15.3% to $39.15 after mixed results and lowered FY25 guidance [4] - Corsair Gaming Inc fell 12.4% to $6.59 following worse-than-expected third-quarter results [4] - Advanced Micro Devices, Inc. declined 5% to $237.80 despite reporting better-than-expected third-quarter results and projecting fourth-quarter revenue of approximately $9.6 billion [4]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - SMX (Security Matters) Public Limited Company (SMX) increased by 52% to $2.24 [3] - Entravision Communications Corporation (EVC) rose by 33% to $2.66 [3] - Babcock & Wilcox Enterprises, Inc. (BW) saw a 28% increase to $4.79 [3] - NeuroPace, Inc. (NPCE) gained 24% reaching $11.71 [3] - Kennedy-Wilson Holdings, Inc. (KW) also increased by 24% to $9.30 [3] - Rigel Pharmaceuticals, Inc. (RIGL) rose by 22% to $34.72 [3] - Digital Turbine, Inc. (APPS) increased by 21% to $7.20 [3] - Lumentum Holdings Inc. (LITE) saw a 15% increase to $218.06 [3] - AsiaStrategy (SORA) rose by 14% to $3.63 [3] - Marine Petroleum Trust (MARPS) increased by 7% to $5.05 [3] Premarket Losers - Biohaven Ltd. (BHVN) decreased by 42% to $7.96 [4] - Trex Company, Inc. (TREX) fell by 34% to $30.65 [4] - Soleno Therapeutics, Inc. (SLNO) saw a 23% decline to $49.00 [4] - Axon Enterprise, Inc. (AXON) decreased by 19% to $572.00 [4] - Clover Health Investments, Corp. (CLOV) fell by 19% to $2.82 [4] - Pinterest, Inc. (PINS) decreased by 18% to $26.91 [4] - SSR Mining Inc. (SSRM) saw a 17% decline to $17.91 [4] - Upstart Holdings, Inc. (UPST) decreased by 16% to $38.81 [4] - WF International Limited (WXM) fell by 12% to $2.25 [4] - Corsair Gaming, Inc. (CRSR) decreased by 11% to $6.66 [4]

Group 1 - The article does not provide any specific content or key points related to a company or industry [1]

Core Viewpoint - Trex reported quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.56 per share, but showing an increase from $0.37 per share a year ago, indicating a negative earnings surprise of -8.93% [1] Financial Performance - Trex's revenues for the quarter ended September 2025 were $285.35 million, missing the Zacks Consensus Estimate by 5.64%, compared to $233.72 million in the same quarter last year [2] - Over the last four quarters, Trex has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Performance - Trex shares have declined approximately 30.6% since the beginning of the year, contrasting with the S&P 500's gain of 16.5% [3] Future Outlook - The company's earnings outlook will be crucial for assessing future stock performance, with current consensus EPS estimates at $0.32 for the upcoming quarter and $2.21 for the current fiscal year [7] - The Zacks Rank for Trex is currently 4 (Sell), indicating expectations of underperformance in the near future [6] Industry Context - The Building Products - Wood industry, to which Trex belongs, is currently in the bottom 5% of over 250 Zacks industries, suggesting a challenging environment for stock performance [8]

Trex (NYSE:TREX) Q3 2025 Earnings Call November 04, 2025 04:30 PM ET Speaker5Good day, and welcome to the Trex Company Third Quarter 2025 Earnings Conference Call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one, on a touch-tone phone. To withdraw your question, please press star ...

Financial Performance - Net sales for the three months ended September 30, 2025, increased by 22.1% to $285.3 million compared to $233.7 million in the same period of 2024[87] - Gross profit for the same quarter rose by 23.9% to $115.4 million, up from $93.2 million year-over-year[87] - Net income for the three months ended September 30, 2025, was $51.8 million, reflecting a 27.7% increase from $40.6 million in the prior year[87] - EBITDA for the third quarter of 2025 was $86.4 million, a 27.2% increase compared to $67.9 million in the same quarter of 2024[87] - For the nine months ended September 30, 2025, net sales were $1.01 billion, a 3.0% increase from $983.8 million in the same period of 2024[87] - Net income for the nine months ended September 30, 2025, was $188.1 million, a decrease of 13.2% from $216.6 million in the prior year[87] - Total net sales for the nine-month period increased by $29.3 million, or 3%, to $1,013.1 million, primarily driven by products introduced within the last 36 months[100] - Total EBITDA for the nine-month period decreased by 9.3% to $300.5 million compared to $331.4 million in the 2024 period, driven by lower gross profit and higher expenses[108] Expenses and Costs - Selling, general and administrative expenses increased by $6.1 million, or 15.8%, to $45.0 million, representing 15.8% of net sales in the 2025 quarter[97] - Selling, general and administrative expenses for the nine-month period increased by $16.1 million, or 11.5%, to $156.8 million, representing 15.5% of net sales[104] - Gross profit for the nine-month period decreased by $19.6 million, or 4.6%, to $411.3 million, with a gross margin of 40.6% compared to 43.8% in the 2024 period[101] Capital Expenditures - Capital expenditures for the nine months ended September 30, 2025, totaled $188 million, primarily for the Arkansas manufacturing facility and digital transformation initiatives[87] - Capital expenditures for the nine months ended September 30, 2025, totaled $188 million, including $144.2 million for the Arkansas manufacturing facility and $8.3 million for digital transformation[111] - The company anticipates capital expenditures of $210 million to $220 million for 2025, focusing on internal growth, manufacturing cost reductions, and strategic acquisitions[128] - The company has invested $519 million of the anticipated $550 million on the Arkansas facility as of the reporting date[129] Cash Flow and Debt - Net cash provided by operating activities was $292.6 million for the nine-month period, compared to $152.4 million in the 2024 period[109] - Cash provided by operations increased by $140.2 million to $292.6 million for the nine months ended September 30, 2025, compared to $152.4 million in the same period of 2024, primarily due to a decrease in inventories[110] - As of September 30, 2025, the company had $111.3 million in borrowings outstanding under its revolving credit facility, with total availability of $435.6 million after accounting for outstanding letters of credit[125] - The company is in compliance with all debt covenants as of September 30, 2025, which is crucial for maintaining its borrowing capacity[126] Product Development and Market Expansion - The company launched the Trex® Deck Railing Designer, an interactive design tool aimed at simplifying the railing selection process for consumers and contractors[86] - Trex expanded its market presence in the Western U.S. through a partnership with International Wood Products, LLC, which will stock Trex products in Salt Lake City, Utah[86] Warranty and Claims Management - The company’s warranty period for products sold after January 1, 2023, includes a 50-year warranty for Transcend® decking and a 35-year warranty for Select® decking[132] - The company continues to monitor and settle warranty claims related to decking products manufactured prior to 2007, maintaining a warranty reserve for these claims[135] Seasonal Demand Management - Seasonal demand fluctuations are managed through incentive programs for distributors to build inventory before peak demand periods[136] Taxation - The effective tax rate for the 2025 quarter was 26.5%, up from 25.3% in the 2024 quarter, primarily due to a reduction in allowable deductions[98]

Exhibit 99.1 NEWS RELEASE TREX COMPANY REPORTS THIRD QUARTER 2025 RESULTS New Products Accounted for 25% of Trailing-Twelve-Month Sales Railing Sales Tracking to Double-Digit Growth for the Year Reducing Production Levels Given Anticipation of Muted R&R Activity for the Rest of the Year Revising Full-Year 2025 Revenue and Adjusted EBITDA Margin Guidance Board of Directors Authorizes $50 Million Share Repurchase Program WINCHESTER, Va. –November 4, 2025–Trex Company, Inc. (NYSE:TREX), the world's largest man ...

Core Insights - Trex Company, Inc. is a leading manufacturer of wood-alternative decking and railing products, focusing on innovative and sustainable solutions in the building materials industry [1] - The company is set to release its quarterly earnings on November 4, 2025, with analysts estimating an EPS of $0.56 and projected revenue of $301.5 million, indicating anticipated growth [2][6] Financial Metrics - Trex's price-to-earnings (P/E) ratio is 27.54, suggesting a high valuation relative to earnings, while the price-to-sales ratio is 4.55, reflecting a strong market valuation of its revenue [3][6] - The enterprise value to sales ratio is 4.81, and the enterprise value to operating cash flow ratio is 24.68, indicating how the market values Trex's total worth relative to its sales and cash flow [4] - The company has an earnings yield of 3.63%, providing a return on investment for shareholders, and a debt-to-equity ratio of 0.30, indicating low debt levels and financial stability [4][6] Financial Health - Trex's current ratio of 1.08 suggests a modest level of short-term financial health, with current assets slightly exceeding current liabilities [5][6] - Management's discussion during the earnings call will be crucial for assessing the sustainability of immediate price changes and future earnings projections [5]

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Trex, driven by higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Trex is expected to report quarterly earnings of $0.56 per share, reflecting a year-over-year increase of +51.4% [3]. - Revenues are projected to reach $302.39 million, which is a 29.4% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 4.34% higher in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Trex is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.69% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from consensus estimates, with a strong predictive power for positive readings [9][10]. - Trex's current Zacks Rank is 4 (Sell), complicating predictions for an earnings beat [12]. Historical Performance - In the last reported quarter, Trex exceeded expectations with earnings of $0.74 per share against an estimate of $0.72, resulting in a surprise of +2.78% [13]. - Over the past four quarters, Trex has beaten consensus EPS estimates four times [14]. Industry Context - Another company in the Zacks Building Products - Wood industry, Potlatch, is expected to report earnings of $0.15 per share, indicating a year-over-year change of +275% [18]. - Potlatch's revenues are expected to be $289.5 million, up 13.5% from the previous year, but it has an Earnings ESP of -1.14% and a Zacks Rank of 4 [19][20].

Core Points - Trex Company, Inc. is the world's largest manufacturer of high-performance, low-maintenance composite decking and railing products [1] - The company will issue its third quarter 2025 earnings release on November 4, 2025, after the close of the U.S. market [1] - A conference call hosted by senior management will take place on November 4, 2025, at 4:30 PM ET, following the earnings release [1]