Trex Company, Inc. - TREX STOCK NEWS

Glenroy, Inc. has partnered with Trex Company to enhance sustainable packaging solutions. Their TruRenu stand-up pouch has been certified for recyclability through Trex's NexTrex Recycling Program, which reclaims over 850 million pounds of plastic annually. This partnership aims to inform consumers on recycling through the NexTrex label, enhancing packaging value. The pouch successfully passed initial testing, confirming it is made of polyethylene plastic, crucial for recyclability. This collaboration is showcased at Pack Expo 2021.

Trex Company has partnered with NW Works to enhance employment opportunities for individuals with disabilities. Since August 2020, Trex has employed 14 NW Works clients at its Virginia facility, where they contribute to crucial production functions. This collaboration has proven beneficial, with NW Works clients feeling valued and included in the workplace. As Trex expands its production capacity, it plans to double the number of NW Works employees in the next year, further reinforcing its commitment to diversity and corporate responsibility.

Trex Company has received the prestigious 2021 Golden Hammer Award from HBS Dealer magazine for its Universal Fastener Installation Tool. This innovative tool, aimed at both professionals and DIYers, significantly improves decking installation by reducing time by up to 50%. It features a unique nose cone for accurate fastener engagement, making it a valuable addition to builders' toolkits at a retail price of approximately $23. The award recognizes Trex's commitment to product excellence and innovation in the home improvement industry.

Trex Company (NYSE:TREX), a leader in composite decking and eco-friendly outdoor products, will present at the Barclays Select Series: Building & Building Products Conference on August 11 at 10:00 am EDT. Senior VP and CFO Dennis Schemm will lead the presentation, which will be held virtually. Investors can access the company’s presentation through its Investor Relations section. Trex is recognized as the #1 brand in outdoor living and boasts nearly 30 years of experience in the industry.

Trex Company reported robust second quarter 2021 results, achieving consolidated net sales of $312 million, up 41% year-over-year. Trex Residential sales surged 43% to $299 million, driven by increased demand and a completed $200 million capacity expansion. Gross margin declined to 38% due to rising raw material and logistic costs, impacting EBITDA growth of 36% to $92 million. Year-to-date, net income reached $110 million, up 22% from last year. For Q3 2021, Trex forecasts net sales between $320 million and $330 million.

Trex Company, Inc. (NYSE:TREX) will release its second quarter 2021 earnings on August 2, 2021, after the U.S. market close. A conference call with senior management will follow at 5:00 PM EDT, featuring prepared remarks and a Q&A session. Interested participants can join by calling 1-844-792-3734 (or 1-412-317-5126 internationally) ten minutes prior. A live webcast will be available on Trex's Investor Relations page, with an audio replay for 30 days post-event. Trex continues to lead in eco-friendly decking and railing solutions.

Trex Company recognizes Price Chopper Supermarkets for its exceptional recycling efforts in 2020, collecting over 1.5 million pounds of post-consumer plastic film, earning them the program's coveted Gold Status. Their participation in the NexTrex® Retail Recycling Program illustrates their commitment to sustainability. Trex repurposes over 450 million pounds of plastic waste annually, cementing its role as a leader in eco-friendly building materials.

Trex Company (NYSE:TREX) published its 2020 Environmental, Social, and Governance (ESG) report, highlighting achievements amid a challenging business landscape. The report emphasizes Trex's commitment to sustainability, with over 900 million pounds of materials upcycled into eco-friendly products. Notable accomplishments include a $200 million capital expansion boosting production capacity by 70%, and efforts in employee health and diversity. Trex also contributed over $500,000 to local nonprofit organizations. CEO Bryan Fairbanks commended the team's dedication and their ongoing commitment to building a better tomorrow.

Trex Commercial Products has played a crucial role in the construction of Cincinnati's TQL Stadium, featuring almost 20,000 linear feet of custom-engineered railing systems. The stadium, which opened in May 2021, accommodates 26,000 fans, showcasing various railing styles designed to enhance safety and visibility. The project utilized advanced 3-D laser scanning technology for precise modeling, ensuring quality and efficiency in construction. This initiative signals Trex's commitment to innovative architectural solutions in commercial venues.