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home / news releases / TREX - Trex sells commercial products unit for $8.3M

TREX - Trex sells commercial products unit for $8.3M

Trex Company Inc.

  • Trex ( NYSE: TREX ) said Friday it sold all assets of its unit Trex Commercial Products to Minnesota-based Sightline Commercial Solutions for ~$8.3M.
  • The company expects to recognize a loss on sale of ~$13M-$16M after tax, which will be recognized in Q4 2022.
  • Sightline also offered employment to all staff at Trex Commercial.
  • For the nine months ended September 30, Trex Commercial had sales of $35.1M, 3.8% of Trex's ( TREX ) consolidated net sales, and incurred net loss of $2.4M.
  • Read SA contributor WideAlpha's analysis of Trex's ( TREX ) Q3 earnings report .

For further details see:

Trex sells commercial products unit for $8.3M
Stock Information
Company Name: Trex Company Inc.
Stock Symbol: TREX
Market: NYSE
Website: trex.com
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