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 Commercial Products has launched customizable Safe Standing Solutions aimed at enhancing the fan experience for Major League Soccer (MLS) supporters. These systems are designed for safe standing or sitting and can be integrated into both new and existing venues. Inspired by European stadiums, Trex engineered the first safe-standing section with seating in the U.S. at Banc of California Stadium. The offerings include the Standing Rail™ and Seating Rail™ systems, each built with durable materials, all while ensuring functionality and crowd control.
Trex Company forecasts major trends in outdoor living for 2021, influenced by the COVID-19 pandemic.
Key insights include:
- Outdoor Offices: Increased demand for stylish outdoor workspaces.
- Expanded Elbow Room: Popularity of under-deck drainage systems.
- Swimming Features: Significant rise in residential pools and spas.
- Luxury Staycation: Homeowners aiming for luxury outdoor environments.
- DIY Projects: Surge in home improvement and DIY activities.
Trex's products are eco-friendly and designed for low maintenance, appealing to this growing market.
Trex Company, Inc. (NYSE: TREX) is set to release its fourth quarter and full year 2020 earnings on February 22, 2021, after market close. A conference call will follow at 5:00 PM ET, where senior management will provide insights and answer questions. Trex leads in composite decking and railing, with over 25 years of experience, and is recognized on Fortune's 2020 100 Fastest-Growing Companies list. The company's products are available in over 6,700 retail locations globally.
Trex Commercial Products, a frontrunner in architectural railing, has concluded its 30th anniversary on a successful note, being recognized for innovation and engineering excellence. The Ascent® Glass Windscreen was awarded as one of the most creative products in the 2020 Architecture MasterPrize™, adding to its accolades from Glass Magazine and FacilitiesNet. The company also celebrated the Equinox® Railing's win at the Innovative Products Awards, demonstrating commitment to quality and customer service in the commercial building sector.
Trex, the leading brand in wood-alternative decking, has gained recognition as one of Building Design + Construction's 'Top 75 Products' for its Trex Cladding product. This honor reflects Trex's strong engagement with professionals in the building sector, enhancing its reputation in both residential and commercial markets. Trex Cladding is designed to replace hardwood in rainscreen systems, showcasing durability, low maintenance, and eco-friendliness with 95% recycled materials. The product is backed by a 25-year warranty and has received multiple accolades this year.
Trex Company showcases its outdoor living products in the HGTV Dream Home 2021 located in Newport, R.I. The home features Trex's versatile products including Transcend® decking, Signature® railing, and innovative RainEscape® drainage to enhance outdoor spaces. Designed for minimal maintenance and environmental sustainability, Trex products are made from over 95% recycled materials. The HGTV Dream Home Giveaway offers a chance to win the property valued at over $2.8 million, with entries open from Dec 28, 2020, to Feb 17, 2021.
Trex Commercial Products recently completed a historic railing project at SoFi Stadium in Inglewood, California, providing over 73,000 linear feet of custom-engineered railing. This facility, the largest in the NFL, can accommodate up to 100,000 fans for events. The project utilized more than 1,500 pallets of materials and required over 10,000 design hours. It features LED-lit rail systems that enhance safety and aesthetics. SoFi Stadium is set to host significant events, including the Super Bowl LVI in 2022.
Trex Company (NYSE:TREX) reported a strong third quarter for 2020, with consolidated net sales of $232 million, marking a 19% increase year-over-year. Net income rose to $43 million or $0.37 per diluted share, up 2% from the previous year. Despite a warranty charge of $6.5 million, adjusted gross margin was 39.5%. For the nine months, net sales totaled $653 million, up 12%. The company anticipates continued growth, projecting Q4 sales of $210-$220 million and strong double-digit growth for 2021.
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