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 announced a partnership with Paragon Stairs, the largest spiral stairs producer in the U.S., making Paragon the exclusive supplier for its Trex® Spiral Stairs collection. The collaboration aims to enhance outdoor living spaces with innovative and stylish solutions. Paragon's Vista and Summit Spiral Stair models are designed to integrate seamlessly with Trex decking and railing, offering modern aesthetics and functionality. Key features include modular systems, premium finishes, and customizable options. The initiative is expected to boost customer satisfaction and expand Trex's market reach.
Trex Company, Inc. reported strong financial results for the first quarter of 2024, with net sales of $374 million, gross margin of 45.4%, net income of $89 million, and diluted earnings per share of $0.82. The company's EBITDA was $133 million with an EBITDA margin of 35.6%. Trex reaffirmed its full-year 2024 guidance and highlighted the success of its Early Buy program and continued demand for premium products. Recent recognitions include awards for sustainability and innovation, positioning Trex as a leader in the outdoor living industry.
Trex Company, Inc. (NYSE:TREX) announces its participation in several investor conferences in May and June 2024. The company is a leading brand in eco-friendly composite decking, railing, and outdoor living products. Trex will be presenting at prestigious events like the J.P. Morgan Homebuilding & Building Products Conference and the William Blair Growth Stock Conference. The company's strong distribution network spans six continents, and it has been recognized for its sustainability and responsible business practices.
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