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Public signal · 1-minute delayed
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AI summary
What happened, with direct paths to the underlying reporting
- TREX reported Q1 2024 earnings and net sales beating estimates and increasing significantly. - Gross margin improved 580 basis points and adjusted EBITDA rose to $133 million. - Company expects Q2 sales of $380-$390 million and full-year revenues of $1.215-$1.235 billion. - Price Impact Rating: Bullish - Impact Horizon Rating: Short-term - Type: Earnings
- TREX reported Q1 2024 earnings and net sales beating estimates and increasing significantly.
- Gross margin improved 580 basis points and adjusted EBITDA rose to $133 million.
- Company expects Q2 sales of $380-$390 million and full-year revenues of $1.215-$1.235 billion.
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