Trex Sees Double-Digit Growth in Premium Products

Trex (NYSE: TREX), the leading manufacturer of wood-alternative decking and railing products, recently held its fourth-quarter and full-year 2024 earnings call on February 24, 2025. For investors focused on the long-term potential of this repair and remodel market leader, the call provided important insights into the company's strategic initiatives, product innovations, and financial outlook.Trex is expanding its product lineup with innovations that continue to drive sales growth. One example is its SunComfortable heat-mitigating technology, which Trex is incorporating across its product portfolio to differentiate its offerings.Products launched within the last 36 months accounted for approximately 20% of our full-year revenues. Between new products introduced in 2024 and those slated for 2025, we will launch a record number of new products that will support future sales growth.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool