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, the largest manufacturer of wood-alternative decking, has been recognized by Green Builder Media with three significant awards for its commitment to sustainability. For the 11th consecutive year, Trex has been named the 'greenest' decking by Green Builder magazine. Additionally, it achieved the highest score in the Green Builder Media Brand Index. Trex's eco-friendly approach includes using 95% recycled materials and a proprietary manufacturing process that minimizes environmental impact. Notably, Trex Signature Railing was also featured among the 'Hot 50 Products' for 2021.
Trex Company, known for its wood-alternative decking, is prominently featured in the HGTV Smart Home 2021, showcasing its eco-friendly and low-maintenance outdoor living solutions. The luxurious home in Naples, Florida, highlights Trex's innovative products, including sleek decking that resembles wood but requires less upkeep. Manufactured from 95% recycled materials, Trex products are designed to last without fading or splintering. The partnership with HGTV emphasizes Trex's commitment to sustainability and its reputation as a leader in outdoor living enhancements.
Trex Company has announced a free packaging labeling initiative to promote the recyclability of products into its Trex composite decking made from over 95% recycled materials. The NexTrex label aims to inform consumers about responsible disposal practices and enhance sustainability efforts. Participating brands must have their packaging tested for recyclability, ensuring it meets Trex's standards. Each year, Trex diverts over 450 million pounds of polyethylene plastic from landfills, collaborating with retailers to facilitate recycling through convenient drop-off programs.
Trex Company (NYSE:TREX) reports no injuries from a recent electrical fire at its Winchester, Virginia facility, thanks to employee training and quick response from local firefighters. The fire is expected to cause minimal impact, with first quarter revenue projected at $235 million, slightly lower than previous guidance. Repairs are ongoing, but production continues at other sites. The new manufacturing facility in Virginia is ahead of schedule, increasing production capacity by 70% compared to 2019 levels, reinforcing Trex's growth strategy amidst robust market demand.
Trex Company has launched a NexTrex Supplier Incentive Program to reward partners for their role in recycling post-consumer plastic film into composite decking. With over 1 billion pounds of recycled material collected, Trex aims to enhance sustainability efforts among its partners. The program offers points that can be earned through various activities, which can be redeemed for Trex products. Approximately 32,000 stores participate in the program, addressing the growing plastic waste issue by repurposing materials into sustainable decking.
Trex Commercial Products has launched a new Smoke Baffle System, designed to enhance safety in commercial spaces by containing smoke during fires. This innovative system addresses the significant risk of smoke, responsible for numerous fire-related deaths and injuries. With over 100,000 commercial fires annually in the U.S., the system meets fire codes and offers customizable options like clear or frosted glass. It is engineered to reduce sprinkler activation time by up to 15%, contributing to faster response during emergencies.
Trex Company, Inc. (NYSE:TREX) announced the appointment of Gena C. Lovett as a new independent member of its Board of Directors. Lovett brings extensive manufacturing experience, having served as Vice President of Operations for Boeing's defense sector and held leadership roles at Alcoa and Ford. Her background is expected to enhance Trex’s ongoing capacity expansion and cost-saving initiatives. Trex is recognized as the leading manufacturer of eco-friendly decking and railing products, operating over 6,700 retail locations worldwide.
Trex Company (NYSE:TREX) announced strong financial results for Q4 and full year 2020, despite challenges from the COVID-19 pandemic. Q4 net sales reached $228 million, a 39% increase year-over-year, while full year sales hit $881 million, up 18%. The company reported a Q4 net income of $43 million, a 22% increase from last year. Key developments include the opening of a new Virginia facility, increasing production capacity by 70% by mid-2021. Trex was also recognized by Fortune and Forbes as a top growth company, highlighting its commitment to sustainability and innovative products.
Trex Company has launched new all-aluminum Pergola designs—Trex Pergola Shadow and Pavilion—aimed at enhancing outdoor spaces in both commercial and residential settings. These products blend aesthetic appeal with durability, featuring customizable options and requiring minimal maintenance. The Shadow design offers various architectural patterns, while the Pavilion includes a modular roof system providing complete rain and sun protection. Both collections come with a 25-Year Limited Residential Warranty or a 10-Year Limited Commercial Warranty.
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