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 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.
Trex Company (NYSE:TREX), leader in eco-friendly outdoor living products, announced its participation in two upcoming virtual investor conferences. The William Blair's 41st Annual Growth Stock Conference will be held on June 2, with CEO Bryan Fairbanks presenting at 9:40 AM EDT. The UBS Global Industrials and Transportation Virtual Conference is set for June 8, featuring CFO Dennis Schemm in a fireside chat at 3:00 PM EDT. Management will also conduct one-on-one investor meetings, and the investor presentation is accessible on the company’s Investor Relations page.
Trex Company (NYSE:TREX), a leader in eco-friendly outdoor living products, announced its participation in two upcoming investor conferences. The Berenberg Conference is set for May 18, 2021, featuring a fireside chat with CEO Bryan Fairbanks at 3:00 PM EDT. The next day, May 19, 2021, Trex will present at the J.P. Morgan Homebuilding & Building Products Conference, with CFO Dennis Schemm speaking at 1:15 PM EDT. Trex continues to showcase its growth, being recognized in Fortune and Forbes for its performance and sustainability efforts.
Trex Company (NYSE:TREX) reported strong Q1 2021 results, with net sales of $246 million, a 23% increase year-over-year. Residential Products sales surged 25% to $233 million. Gross margin stood at 39%, affected by start-up costs and inflation. Net income rose 14% to $49 million, or $0.42 per diluted share. The company expects Q2 sales between $295 million to $305 million, reflecting 36% growth. Innovative initiatives like the NexTrex Packaging Label underscore Trex's commitment to sustainability, alongside recent industry accolades.
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