Welcome to our dedicated page for Trex Company news (Ticker: TREX), a resource for investors and traders seeking the latest updates and insights on Trex Company stock.
Trex Company, Inc. (NYSE: TREX) is the world's largest manufacturer of high-performance wood-alternative decking and railing. Headquartered in Winchester, Virginia, Trex specializes in creating sustainable, low-maintenance outdoor living products that combine superior durability and aesthetics. For over 30 years, Trex has been defining and reinventing the composite decking category.
Trex's product portfolio includes a wide variety of decking and railing options, along with LED deck and landscape lighting, stylish pergolas, outdoor furniture and storage solutions, innovative steel deck framing, and advanced drainage systems. These products are designed to help homeowners create their dream outdoor living spaces.
The company operates primarily under the Trex Residential segment, focusing on the manufacturing of wooden alternative decking products. Trex distributes its products through wholesale distributors and retail lumber dealers, who then sell to homeowners and professional contractors, remodelers, and homebuilders. This strategy has enabled Trex to build the industry's strongest distribution network, with products available in over 6,700 retail outlets across six continents.
Recent achievements highlight Trex's commitment to innovation and sustainability. The company was named America’s Most Trusted® Outdoor Decking brand for four consecutive years (2021-2024) and was listed among America's Most Responsible Companies 2024 by Newsweek. Investor’s Business Daily also recognized Trex as one of the 100 Best ESG Companies for 2023.
Trex continues to expand its market through strategic licensing agreements. Notable recent developments include the introduction of Trex Seal Sub-Ledger Tape, an innovative moisture barrier designed to protect deck ledger boards from water damage, and the addition of Paragon Stairs as the exclusive supplier for the Trex® Spiral Stairs collection. These collaborations aim to enhance the durability and longevity of outdoor decking solutions while providing stylish and functional design options.
With a strong focus on sustainability, Trex products are made from 95% recycled materials, including reclaimed wood and plastic film. This environmentally responsible approach helps the company reduce waste and conserve natural resources.
For more information, visit Trex.com or follow Trex on social media platforms like Facebook, Instagram, Twitter, LinkedIn, TikTok, Pinterest, and Houzz. You can also view product and demonstration videos on Trex's YouTube channel.
Trex Company, a leader in composite decking, announced the conclusion of its 15th annual Plastic Film Recycling Challenge. Students from K-12 participated nationwide, collecting over 323,586 pounds of polyethylene plastic film, significantly contributing to Trex's annual diversion of nearly 400 million pounds from landfills. This year, corporate sponsor Charter Next Generation introduced cash prizes for schools, enhancing engagement. Moscow Charter School emerged as the top recycler, earning $5,000, alongside other winners. The next challenge will kick off on November 15, 2022.
Trex Company, Inc. (NYSE:TREX) will release its first quarter 2022 earnings on May 9, 2022, after U.S. market close. A conference call with senior management is scheduled for the same day at 5:00 p.m. ET to discuss the results, followed by a Q&A session. Interested participants can join by dialing the provided numbers or via a live webcast on Trex's Investor Relations website. Trex is recognized as the leading provider of eco-friendly composite decking and railing, boasting over 30 years of experience in the industry.
Trex Company has launched Trex Academy, an online hub for DIY enthusiasts focused on deck building. This platform includes resources such as step-by-step guides, planning tools, and a comprehensive library of videos. It aims to assist users of all skill levels from conceptualization to project completion. The initiative underscores Trex's commitment to providing superior outdoor living products while enhancing customer engagement and support.
Trex Company, a leader in composite decking, has been awarded multiple honors by Green Builder Media for its commitment to sustainability. For the 12th consecutive year, Trex has been recognized as the “greenest” decking in the industry and received the highest score in the Green Builder Media Brand Index. Additionally, its new AR Decking Visualizer was named one of the 2022 Sustainable Products of the Year.
Trex Company reported record net sales of $1.2 billion for 2021, a 36% year-over-year increase, driven by robust demand for outdoor living products. Fourth-quarter sales increased by 33% to $304 million, with net income of $25 million and adjusted EBITDA up 44% to $92 million. The company is expanding its capacity, planning a new facility in Little Rock, Arkansas, set to open in 2024. Despite challenges like raw material costs, Trex anticipates first-quarter 2022 revenues of $320 million to $330 million, reflecting a 32% increase from the previous year.
Trex, a leader in high-performance wood-alternative decking, has launched a dedicated website to enhance its presence among architects, engineers, and contractors. This resource, available at Trex.com/Professionals, features a comprehensive portfolio, technical information, and product resources tailored for building professionals. The site aims to support decision-makers in creating sustainable outdoor spaces with easy access to Trex's extensive product offerings made from 95% recycled materials, backed by a 25-year warranty.
Trex has announced the launch of three new products designed for outdoor living, responding to increased homeowner demand for privacy and comfort in their backyards post-pandemic. The new offerings include Trex Privacy, a range of aluminum privacy wall panels; Trex Shade, architectural shade panels for pergolas; and the Trex Pergola Retreat, a versatile aluminum structure. These products aim to provide enhanced outdoor experiences, blending functionality with aesthetic appeal. Trex continues to solidify its market presence with innovative solutions tailored for modern outdoor spaces.
Trex, the leading manufacturer of wood-alternative decking, is set to showcase innovative products at the 2022 International Builders' Show, enhancing installation speed and durability. The highlight is the Trex Universal Fastener Installation Tool, designed to reduce installation time by 50% for contractors and DIYers. Additionally, Trex introduces new ledger and rim tapes to protect against moisture, preserving deck integrity. These innovations aim to streamline the building process, meet consumer demands, and reinforce Trex's commitment to quality in outdoor living.
Trex Company (NYSE:TREX) will release its fourth quarter and full year 2021 earnings on
Trex Company has launched an innovative AR app called Trex Augme that allows homeowners and contractors to visualize deck designs in real-time within their actual environments. The app, available for free on iTunes and Google Play, enhances user experience with high-definition renderings and interactive planning tools. Users can select Trex products, estimate material needs, and even purchase items directly from their devices. The app aims to streamline the planning process for outdoor living spaces while fostering confidence in users' design choices.
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