Trex Co. (TREX) CEO On Strong Outlook After Earnings Beat

Trex Co. (TREX) hit a 52-week high today after an earnings beat. Its earnings were released July 31st, postmarket. Its adjusted EPS came in at $0.71 versus an estimated $0.54 and revenue came in at $356.54M versus an estimated $318.93M. President and CEO Bryan Fairbanks joins Nicole Petallides to give an overview of the company and earnings. He talks about how TREX see strong outlook for the rest of this year. TREX install decks and railings. It sees 3Q revenue between $280M-$290M. He also looks at construction spending for June 2023. He then goes over the role of the housing market and interest rates on TREX, as well as how TREX is responding to challenges facing the outdoor living industry. He outlines the new TREX Select T-Rail System that was launched in 2Q. Finally, he notes how TREX is positioned for possibility of economic slowdown. Tune in to find out more about the stock market today.