TREX Strengthens Partnership With Boise Cascade, Expands Reach

Core Insights - Trex Company, Inc. has strengthened its partnership with Boise Cascade Company, becoming the exclusive brand of composite decking and railings sold through participating Boise locations nationwide [1] - The company has significantly expanded its product offerings, filling product gaps and developing a well-structured portfolio to enhance competitiveness in key decking and railing categories [2] - Trex's distribution network is robust, with products available in over 6,700 retail outlets across six continents [2] Product Development - Trex has expanded its decking portfolio with new products such as Trex Signature and Trex Transcend Lineage, along with a full collection of Trex-branded deck fasteners [3] - The company has introduced a wide range of new railing profiles and materials, making its collection the largest and most diverse in the category [3] - Recent innovations include steel, mesh, and aluminum railing systems, as well as heat-mitigating technology in new decking colors, aligning with consumer preferences [5] Financial Performance - Trex's stock has gained 11.3% in the past month, outperforming the Zacks Building Products - Wood industry's growth of 4.3% [4] - The Zacks Consensus Estimate for 2024 indicates a 4.3% growth in sales and a 10.2% growth in earnings per share (EPS) year-over-year [5] - The company has delivered a trailing four-quarter earnings surprise of 9% on average [5] Market Position - Trex aims to double its share of the railing market within five years, supported by its product expansion strategy [5] - The company currently holds a Zacks Rank of 3 (Hold) [6]