8/7/2023 0 Comments Trex wood productTrex trailers even run on vegetable-based oil hydraulics! Additionally, almost 100% of their factory runoff and refuse are recycled back into the manufacturing line. Here’s an interesting fact: the average 500-square foot composite Trex deck contains 140,000 recycled plastic bags! That makes Trex one of the largest plastic bag recyclers in the U.S.!Įco-Friendly Manufacturing: Trex’s proprietary, eco-friendly processing method eliminates the use of smoke stacks while their bi-coastal factories reduce fuel consumption and CO2 emissions. Recycled Plastic: The reclaimed wood in Trex decks is combined with recycled plastic film from a variety of sources ranging from the overwrap on paper towels to dry cleaner bags, sandwich bags, newspaper sleeves, and grocery and shopping bags. By using reclaimed sawdust, Trex has never cut down a tree to make their products. Recycled Wood: Locally sourced reclaimed wood that would otherwise end up in a landfill finds its way into Trex high-performance composite decks. Trex uses both recycled wood and plastic to make their boards. It’s no wonder so many happy deck owners consider Trex the best decking material.Ĭomposite deck boards are made of both wood and plastic byproducts. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.Since 1996, Trex has invented, defined and perfected the composite deck category with a lineup of low-maintenance, high-performance products that fundamentally change the way we live outdoors. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. The Zacks Consensus Estimate for WSO’s 2023 sales and EPS indicates growth of 3.1% and 2.2%, respectively, from the previous year’s reported levels.įrom thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. Shares of the company have gained 31.2% in the year-to-date period. WSO delivered a trailing four-quarter earnings surprise of 5.3%, on average. The Zacks Consensus Estimate for VMC’s 2023 sales and EPS indicates growth of 5.9% and 26.2%, respectively, from the previous year’s reported levels. Shares of the company have gained 13.6% in the year-to-date period. VMC has a trailing four-quarter earnings surprise of 7.1%, on average. Vulcan Materials Company VMC currently carries a Zacks Rank #1. The Zacks Consensus Estimate for MLM’s 2023 sales and EPS indicates growth of 19% and 32.1%, respectively, from the previous year’s reported levels. Shares of the company have gained 19.7% in the year-to-date period. MLM delivered a trailing four-quarter earnings surprise of 31%, on average. Here are some top-ranked stocks that investors may consider from the Zacks Construction sector. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. TREX currently carries a Zacks Rank #3 (Hold). The company also capitalized on the opportunity to upgrade its equipment and generate operating efficiencies. The upside was backed by improved raw material usage. In the first quarter of 2023, TREX witnessed a sequential rise in its gross margin to 39.6% from 34.1% reported in fourth-quarter 2022. As of the end of the quarter, the company’s plants produced at an annual revenue rate of $1 billion, attributable to its ability to efficiently and swiftly mold its production levels based on the demand pattern. ![]() Its product development initiatives had a positive outlook, accelerating its growth momentum. ![]() In first-quarter 2023, TREX engaged in delivering innovative new products that meet the evolving needs of consumers, strengthening its market leadership position along with creating demand. Also, the company’s sound relationships with its top-notch channel partners in the industry assisted it to achieve industry-leading margins and profitability. It gains from improved manufacturing performance and other cost-containment actions. TREX’s consistent product portfolio development and strategic sale initiatives help it to maintain growth momentum, despite various macroeconomic and inflationary risks. The stock has increased 26.1% in the year-to-date period against the Zacks Building Products - Wood industry’s decline of 1.3%. Shares of TREX grew 3.9% during the trading session on Jun 1.
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