Trex Company, Inc. - TREX STOCK NEWS

Trex Commercial has contributed to the construction of the Moody Center, the most expensive college arena in the U.S., valued at $375 million. Located at the University of Texas, this state-of-the-art facility features over 6,000 feet of custom railing systems designed to enhance fan safety and engagement. Opened in April 2022, the arena showcases Texas culture through its design and amenities, including a VIP club and a large event floor. Trex Commercial's contributions align with the arena's LEED Gold certification, emphasizing sustainability and aesthetics.

Trex® has launched a new product, Trex Seal, an 11-inch wide aluminum-lined butyl tape designed to enhance the longevity of deck structures by protecting the ledger board from moisture, which is a common cause of deck failures. This innovative tape provides a superior alternative to traditional flashing methods, creating a comprehensive waterproof barrier. It features an easy-to-apply design, and its compliance with AAMA 711-13 standards ensures effective performance. Trex Seal is an addition to Trex's extensive range of outdoor living products.

Trex Company has introduced the Trex Transcend Lineage, a new line of premium composite decking that enhances aesthetics and performance. This latest addition features refined graining and two new color options: Rainier and Biscayne, targeting contemporary design trends. The Lineage boards utilize heat-mitigating technology, making them cooler than similar products. Made from recycled materials, they resist stains, scratches, and mold, requiring minimal maintenance. Available starting June, Trex is expanding its distribution across the U.S., backed by a 25-year warranty.

Trex Company, a leader in wood-alternative composite decking, is launching the Trex Transcend Lineage, enhancing its premium product line. The new decking features refined aesthetics, trend-forward colors, and improved performance, designed to meet modern design trends. Lineage boards come in two new colors, Rainier and Biscayne, and incorporate heat-mitigating technology for cooler surfaces. Made from recycled materials, these boards resist stains and require minimal maintenance. Available in June through select dealers, Lineage is backed by a 25-year warranty.

Trex Company, a leader in wood-alternative decking and railing, has been named the top choice among builders in Builder magazine’s annual Brand Use Study for the fourth time in 15 years. Based on feedback from over 850 building professionals, Trex ranked #1 in familiarity and usage for both Composite/PVC decking and deck railings. Key highlights include a product quality score of 5.78 in the decking category and recognition by 87% of respondents as the most familiar brand. These accolades emphasize Trex's strong brand reputation and commitment to delivering high-quality, sustainable products.

Trex Company (NYSE:TREX) announced its participation in several upcoming investor conferences. The events include the 22nd Annual B. Riley Securities Institutional Investor Conference on May 26, the William Blair's 42nd Annual Growth Stock Conference on June 7, and the Stifel 2022 Cross Sector Insight Conference also on June 7. Key management will present and engage in one-on-one meetings with investors. Trex is recognized for its eco-friendly composite decking products and is a major provider in the commercial railing systems market.

Trex Company (NYSE:TREX) reported a strong first quarter of 2022, achieving a 38% increase in consolidated net sales, reaching $339 million. The net income rose by 47% to $71 million, with diluted earnings per share up 48% to $0.62. Residential sales surged 40%, driven by rising volume and effective pricing strategies. The gross margin expanded to 39.8%, reflecting operational efficiencies amidst cost pressures. Trex forecasts 22% year-on-year sales growth for Q2 2022, with a robust outlook for the rest of the year.

Trex Commercial has launched the Ocula glass windscreen system, enhancing outdoor design flexibility and wind protection for commercial applications. This innovative system supports wind loads up to 86 psf at guardrail height (43 inches), significantly exceeding industry standards. Ocula’s post-free, clamp-supported design allows for customization in height and finish, appealing for use in various settings like pool areas and balconies. The launch aligns with Trex's ongoing commitment to improving architectural aesthetics while ensuring safety and comfort in outdoor environments.