Trex Company, Inc. - TREX STOCK NEWS

Trex Company (NYSE:TREX) has appointed Dr. Anand Kangala as its new Vice President and Chief Information Officer. Dr. Kangala, who previously served as Senior Director at Home Depot, will lead global IT functions and enterprise technology strategy. His appointment aligns with Trex's commitment to optimizing manufacturing and business processes through digital solutions and data-driven decision-making. Dr. Kangala brings experience from roles at Edward Jones, Carter's Inc., Cato , and IBM, holding a Doctorate in Business Administration and an MBA.

Trex Company (NYSE:TREX) is implementing strategic changes in its distribution network to expand exclusivity for both decking and railing products. Snavely Forest Products and Boise Cascade have become exclusive distributors for Trex's expanded railing portfolio, while the relationship with Capital Lumber has been terminated. The company aims to increase its share in the $3.3 billion residential railing market from 6% to 12% over the next five years through this exclusivity strategy. Trex maintains a dual or triple distribution model in sales territories to ensure market competition and product availability.

Trex Company [NYSE: TREX] has strengthened its partnership with Boise Cascade [NYSE: BCC], making Trex the exclusive brand of composite decking and deck railings for participating Boise locations nationwide. The partnership includes expanded distribution in New Jersey and surrounding regions. This development follows Trex's recent expansion of its product portfolio, including new railing profiles and materials. Boise Cascade, which operates 39 distribution locations across the U.S., will extend its Trex service area to include New Jersey, Southern New York, Long Island, and Eastern Pennsylvania.

Trex Company (NYSE:TREX), the world's largest manufacturer of wood-alternative decking and railing, has announced its participation in three upcoming investor conferences. The company will attend the Baird Global Industrial Conference in Chicago on November 12th, the Stephens Annual Investment Conference in Nashville on November 19th, and the UBS Global Industrials and Transportation Conference in Palm Beach on December 4th. Various senior executives, including the CEO and CFO, will participate in fireside chats and one-on-one meetings with investors. Trex's investor presentation will be available on their website.

Trex Company (NYSE:TREX) reported Q3 2024 financial results with net sales of $234 million, down 23% year-over-year, and net income of $41 million ($0.37 per share). The company achieved a gross margin of 39.9% and EBITDA of $68 million. Year-to-date performance showed stronger results with net sales up 9% to $984 million and net income growth of 18% to $217 million. The company reaffirmed its full-year 2024 sales guidance of $1.14 billion and expects to reach the high end of its EBITDA margin guidance at 30.5%. Trex also announced progress on its new Arkansas facility, with plastic processing beginning in early 2025 and decking production starting in first half of 2027.

Trex Company (NYSE:TREX) is set to expand its leadership beyond decking in 2025 with an extensive range of new products, positioning itself as a total outdoor living resource. The company is focusing on leading the railing category with the industry's broadest selection of profiles, materials, and solutions.

Key product launches include:

• Trex Enhance Steel Railing
• Trex Select Aluminum Railing
• Trex Select Steel Mesh Panels & Railing Kits
• Trex Select Classic Railing in Charcoal Black
• Trex Signature X-Series Cable and Frameless Glass Railing Systems

Trex is also expanding its heat-mitigating technology to more decking options, introducing new colors to the Trex Transcend Lineage and Trex Enhance decking lines. The company continues to roll out its Trex Hideaway Fastener Collection, establishing itself as a market leader in the decking hardware category.

Snavely Forest Products, a leading building products distributor, has announced its decision to go all-in with Trex. The company will now exclusively sell Trex decking and railing through its nationwide distribution network, including an expanded reach into the Colorado market. This move comes as Trex Company, the world's largest manufacturer of wood-alternative decking and railing, rolls out an expanded railing lineup for 2025.

The expanded offerings include new steel, aluminum, and cable and glass systems, as well as enhancements to the Select composite railing system. These additions position Trex as the #1 brand in decking and residential railing. Snavely Forest Products will now serve Colorado alongside its existing markets, capitalizing on the region's active building and remodeling sector.

Trex Company, Inc. [NYSE:TREX], the world's largest manufacturer of wood-alternative decking and railing, has announced the timing of its third quarter 2024 earnings release and conference call. The company will issue its earnings release on Monday, October 28, 2024, after the close of the U.S. market. A conference call hosted by senior management will follow at 5:00 PM ET on the same day.

To participate in the call, dial 1-844-792-3734 (U.S.) or 1-412-317-5126 (international) approximately ten minutes before the call. A live webcast will be available in the Investor Relations section of the Trex Company website. An audio replay will be accessible on the website for 30 days following the call.

Trex Company, based in Winchester, Va., is the #1 brand of sustainably made, wood-alternative decking and deck railing. The company's products are sold through more than 6,700 retail outlets across six continents.

Trex Company [NYSE:TREX] has launched the NexTrex® Plastic Recycling Drop-Off Directory, a nationwide online searchable platform connecting eco-conscious Americans with local plastic film recycling partners. This initiative addresses the challenge of recycling plastic bags and film, which cannot be processed in regular curbside recycling bins.

The directory includes approximately 10,000 drop-off locations across all 50 states, making it easier for individuals to responsibly dispose of plastic film waste. Trex, a leading manufacturer of composite decking, uses recycled polyethylene plastic as a core ingredient in its products, which are made from up to 95% recycled and reclaimed materials.

As one of North America's largest recyclers of PE film, Trex reclaims over 300 million pounds of discarded plastic annually. The company has diverted more than 5 billion pounds of PE film from landfills and waterways over the past 30 years, demonstrating the viability of plastic recycling when done properly.