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 [NYSE: TREX] has strengthened its partnership with Boise Cascade [NYSE: BCC], making Trex the exclusive brand of composite decking and deck railings for participating Boise locations nationwide. The partnership includes expanded distribution in New Jersey and surrounding regions. This development follows Trex's recent expansion of its product portfolio, including new railing profiles and materials. Boise Cascade, which operates 39 distribution locations across the U.S., will extend its Trex service area to include New Jersey, Southern New York, Long Island, and Eastern Pennsylvania.
Trex Company (NYSE:TREX), the world's largest manufacturer of wood-alternative decking and railing, has announced its participation in three upcoming investor conferences. The company will attend the Baird Global Industrial Conference in Chicago on November 12th, the Stephens Annual Investment Conference in Nashville on November 19th, and the UBS Global Industrials and Transportation Conference in Palm Beach on December 4th. Various senior executives, including the CEO and CFO, will participate in fireside chats and one-on-one meetings with investors. Trex's investor presentation will be available on their website.
Trex Company (NYSE:TREX) reported Q3 2024 financial results with net sales of $234 million, down 23% year-over-year, and net income of $41 million ($0.37 per share). The company achieved a gross margin of 39.9% and EBITDA of $68 million. Year-to-date performance showed stronger results with net sales up 9% to $984 million and net income growth of 18% to $217 million. The company reaffirmed its full-year 2024 sales guidance of $1.14 billion and expects to reach the high end of its EBITDA margin guidance at 30.5%. Trex also announced progress on its new Arkansas facility, with plastic processing beginning in early 2025 and decking production starting in first half of 2027.
Trex Company (NYSE:TREX) is set to expand its leadership beyond decking in 2025 with an extensive range of new products, positioning itself as a total outdoor living resource. The company is focusing on leading the railing category with the industry's broadest selection of profiles, materials, and solutions.
Key product launches include:
- Trex Enhance Steel Railing
- Trex Select Aluminum Railing
- Trex Select Steel Mesh Panels & Railing Kits
- Trex Select Classic Railing in Charcoal Black
- Trex Signature X-Series Cable and Frameless Glass Railing Systems
Trex is also expanding its heat-mitigating technology to more decking options, introducing new colors to the Trex Transcend Lineage and Trex Enhance decking lines. The company continues to roll out its Trex Hideaway Fastener Collection, establishing itself as a market leader in the decking hardware category.
Snavely Forest Products, a leading building products distributor, has announced its decision to go all-in with Trex. The company will now exclusively sell Trex decking and railing through its nationwide distribution network, including an expanded reach into the Colorado market. This move comes as Trex Company, the world's largest manufacturer of wood-alternative decking and railing, rolls out an expanded railing lineup for 2025.
The expanded offerings include new steel, aluminum, and cable and glass systems, as well as enhancements to the Select composite railing system. These additions position Trex as the #1 brand in decking and residential railing. Snavely Forest Products will now serve Colorado alongside its existing markets, capitalizing on the region's active building and remodeling sector.
Trex Company, Inc. [NYSE:TREX], the world's largest manufacturer of wood-alternative decking and railing, has announced the timing of its third quarter 2024 earnings release and conference call. The company will issue its earnings release on Monday, October 28, 2024, after the close of the U.S. market. A conference call hosted by senior management will follow at 5:00 PM ET on the same day.
To participate in the call, dial 1-844-792-3734 (U.S.) or 1-412-317-5126 (international) approximately ten minutes before the call. A live webcast will be available in the Investor Relations section of the Trex Company website. An audio replay will be accessible on the website for 30 days following the call.
Trex Company, based in Winchester, Va., is the #1 brand of sustainably made, wood-alternative decking and deck railing. The company's products are sold through more than 6,700 retail outlets across six continents.
Trex Company [NYSE:TREX] has launched the NexTrex® Plastic Recycling Drop-Off Directory, a nationwide online searchable platform connecting eco-conscious Americans with local plastic film recycling partners. This initiative addresses the challenge of recycling plastic bags and film, which cannot be processed in regular curbside recycling bins.
The directory includes approximately 10,000 drop-off locations across all 50 states, making it easier for individuals to responsibly dispose of plastic film waste. Trex, a leading manufacturer of composite decking, uses recycled polyethylene plastic as a core ingredient in its products, which are made from up to 95% recycled and reclaimed materials.
As one of North America's largest recyclers of PE film, Trex reclaims over 300 million pounds of discarded plastic annually. The company has diverted more than 5 billion pounds of PE film from landfills and waterways over the past 30 years, demonstrating the viability of plastic recycling when done properly.
Trex Company [NYSE:TREX], the world's largest manufacturer of wood-alternative decking, is expanding its Trex Enhance® decking line with two new colors featuring heat-mitigating technology. The new additions include Tide Pool, a subtle misty grey, and Honey Grove, a light honey brown. These colors combine affordability with advanced performance, previously only available in higher-priced Trex offerings.
Trex Enhance decking, introduced in 2019, is engineered to compete with wood while offering the durability and low maintenance of Trex products. Made from 95% recycled material, it features a scalloped profile for lighter weight and easier installation. The new colors reflect UV rays, keeping boards cooler than most other composite decking products. All Trex Enhance boards come with a 25-year Residential and Fade & Stain Warranty.
Trex Company (NYSE:TREX), the world's largest manufacturer of composite decking and railing, has announced its participation in three upcoming investor conferences in September 2024. The company will attend the Goldman Sachs 31st Annual Global Retailing Conference on September 4th, the Jefferies Industrials Conference on September 5th, and the D.A. Davidson 23rd Annual Diversified Industrials & Services Conference on September 19th.
Key executives, including CEO Bryan H. Fairbanks and COO Adam D. Zambanini, will participate in fireside chats and one-on-one meetings with investors. Trex's investor presentation is available on their website. The company, celebrating over 30 years in the industry, is recognized as America's Most Trusted® Outdoor Decking brand and has been included in several sustainability and responsibility rankings.
Trex Company [NYSE:TREX] has achieved remarkable success with its NexTrex® Grassroots Movement, a plastic recycling initiative launched in August 2022. The program has seen a 227% increase in participation over two years, demonstrating its effectiveness in tackling plastic waste. NexTrex® works with various organizations to collect and recycle polyethylene (PE) plastic, which is then used to manufacture Trex® composite decking.
Key highlights:
- Over 70 drop-off locations established across the U.S.
- More than 3 million pounds of PE plastic waste recovered
- Trex upcycles 320 million pounds of recycled plastic annually
- 5 billion pounds of plastic diverted from landfills over three decades
The program's success is attributed to its ease of implementation and the company's commitment to sustainability, making it an attractive option for businesses, municipalities, and educational institutions seeking to responsibly manage plastic waste.
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