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Trex Company, Inc. - TREX STOCK NEWS

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.

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Trex Company (TREX) continues to lead the industry in composite decking innovation, earning six awards for product excellence and sustainability. Their Trex Transcend® Lineage™ decking and Trex Signature® Decking have been recognized for their aesthetics, performance, and sustainability, solidifying Trex's position as a top player in the outdoor living sector.
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Trex Company, Inc. will release its fourth quarter 2023 earnings on February 26, 2024, followed by a conference call with senior management. Participants can join the call or access the webcast through the company's website. An audio replay will also be available for those unable to listen to the live broadcast.
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Trex Company introduces 22” butyl-based tape for moisture protection behind the ledger board, ensuring the structural integrity of decks over time. The new sub-ledger tape creates a continuous water-tight seal between the ledger board and the house wrap to prevent water infiltration. It is designed for easy application, saving valuable time on the job site and is backed by a 25-year warranty.
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Trex Company [NYSE:TREX] has been named '2024 America’s Most Trusted® Outdoor Decking' for the fourth consecutive year, based on a nationwide study by Lifestory Research. The company's commitment to trust, premium aesthetics, durability, sustainability, and continuous innovation has earned it the highest trust rating among popular decking brands, with the best reviews and satisfaction scores among nine outdoor decking brands included in the survey. Trex also received the only five-star rating for trust, affirming its efforts to build a legacy of trust with its customers over the past 30 years.
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Trex Company, the world's largest manufacturer of composite decking and railing, discusses the increasing trend of homeowners reimagining outdoor spaces to connect with nature and promote wellness. The company highlights five outdoor living trends for 2024, including restorative retreats, natural and neutral color palettes, and sustainable design choices.
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Trex Company [NYSE:TREX], the world's largest manufacturer of wood-alternative composite decking and railing, was honored by Lowe's, Newsweek, and Investor's Business Daily for its ongoing commitment to sustainability. The company received the 2023 Sustainability Award from Lowe's, recognition as one of the 100 Best ESG Companies for 2023 by Investor's Business Daily, and was ranked by Newsweek magazine as one of America's Most Responsible Companies. Trex has diverted more than five billion pounds of discarded polyethylene plastic from landfills and waterways over the past 30+ years, and has earned a spot among America's Most Responsible Companies 2024. Additionally, Trex was named a 2023 Eco Leader by Green Builder Media and voted the Sustainable Brand Leader for the 13th consecutive year by the readers of Green Builder magazine.
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Trex Company, Inc. (NYSE:TREX) Announces Participation in UBS Industrials Summit - Trex, the leading brand in eco-friendly decking and outdoor living products, will participate in the UBS Industrials Summit in Palm Beach, FL on November 29th. The company's President and CEO, Bryan H. Fairbanks, and CFO, Brenda K. Lovcik, will be present along with hosting one-on-one meetings with investors. The investor presentation is available on the company's website.
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Trex Company (NYSE:TREX) announces new products for 2024, including a full line of fasteners, new decking options, and railing components. The company aims to become a one-stop supplier for outdoor living spaces, offering high-quality products at multiple price tiers. The new products will be on display at PSP/Deck Expo 2023 in Las Vegas from November 13-15.
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Trex Company, Inc. (NYSE:TREX) reported strong third quarter 2023 results driven by resilient consumer demand. Net sales were $304 million, gross margin was 43.1%, and net income was $65 million. Adjusted EPS was $0.57 and adjusted EBITDA was $96 million. The company raised its full year 2023 revenue guidance to $1.09 billion and adjusted EBITDA margin guidance to 29% to 29.5%.
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Trex Company, Inc. announces Brenda Lovcik as new Senior Vice President and CFO
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FAQ

What is the current stock price of Trex Company (TREX)?

The current stock price of Trex Company (TREX) is $72.25 as of November 22, 2024.

What is the market cap of Trex Company (TREX)?

The market cap of Trex Company (TREX) is approximately 7.6B.

What does Trex Company, Inc. specialize in?

Trex Company, Inc. specializes in high-performance wood-alternative decking and railing, as well as other outdoor living products.

Where is Trex headquartered?

Trex is headquartered in Winchester, Virginia.

How does Trex distribute its products?

Trex distributes its products through wholesale distributors and retail lumber dealers, who then sell to homeowners and professional contractors.

What are some recent achievements of Trex?

Trex has been named America’s Most Trusted® Outdoor Decking brand for four consecutive years (2021-2024) and listed among America's Most Responsible Companies 2024 by Newsweek.

What is the Trex Seal Sub-Ledger Tape?

The Trex Seal Sub-Ledger Tape is an innovative moisture barrier designed to protect deck ledger boards from water damage.

Who manufactures the Trex Spiral Stairs collection?

The Trex Spiral Stairs collection is manufactured by Paragon Stairs, the largest producer of spiral stairs in the U.S.

What materials are Trex products made from?

Trex products are made from 95% recycled materials, including reclaimed wood and plastic film.

How long has Trex been in the industry?

Trex has been in the industry for over 30 years.

How can I stay updated with Trex's latest news?

You can stay updated by visiting Trex's website or following them on social media platforms like Facebook, Instagram, Twitter, LinkedIn, TikTok, Pinterest, and Houzz.

What awards has Trex recently won?

Trex was named one of the 100 Best ESG Companies for 2023 by Investor’s Business Daily and America’s Most Trusted® Outdoor Decking brand for 2021-2024 by Lifestory Research.

Trex Company, Inc.

NYSE:TREX

TREX Rankings

TREX Stock Data

7.58B
106.42M
0.67%
100.18%
4.77%
Building Products & Equipment
Lumber & Wood Products (no Furniture)
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United States of America
WINCHESTER