Trex Company reported its third-quarter 2024 financial results, surpassing earnings estimates by $0.05 and achieving revenue growth. The company reaffirmed its revenue guidance for fiscal year 2024. Despite the positive earnings report, analysts noted concerns regarding channel inventories, with Trex's on-balance-sheet inventory increasing threefold year-over-year. The stock price reacted positively, rising by 7.2% in pre-market trading following the announcement.