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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, Inc. to release third quarter 2023 earnings
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Trex Transcend Lineage decking recognized in Good Housekeeping's Home Renovation Awards in the Exterior Enhancements category.
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Trex Company and Keep Arkansas Beautiful receive '2023 Recycling Education Program of the Year' award for their collaborative efforts in educating students about responsible recycling through the NexTrex Plastic Film Recycling Challenge.
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Trex Company, Inc. announces 5-year financial targets at Investor Day. Targets include net sales of $1.8 to $1.9 billion for FY2028, EBITDA doubling to $600 million+, and EBITDA margin improvement of 500 bps to approximately 34%.
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Trex Company expands and simplifies its Plastic Film Recycling Challenge, making it more accessible to participants. Any organization that collects at least 1,000 pounds of recycled plastic film qualifies for a composite bench. Trex is committed to upcycling plastic waste and is one of the largest recyclers of PE in North America.
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Trex Company, Inc. to hold investor day on September 7, 2023 in New York, featuring panels and presentations by Trex management.
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Trex Company, the world's leading brand of sustainable composite decking and railing, has been named a 2023 Eco-Leader by Green Builder Media. This is the second time Trex has received this honor, making it the only decking brand to achieve Eco Leader status. Trex is recognized for its commitment to sustainability through innovative product development, sustainable manufacturing processes, recycling initiatives, and transparency in ESG reporting.
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Fastenal Company (Nasdaq: FAST) partners with Trex Company, Inc. to reduce environmental impact by recycling plastic film into composite decking products. Fastenal invests over $300,000 to collect and recycle more than 600,000 pounds of plastic from its distribution centers, branches, and Onsite locations, supporting Trex's NexTrex Recycling Program.
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Trex Company [NYSE:TREX] partners with Zonda to create the 2024 Virtual Concept Home by Livabl, showcasing innovative home design and featuring Trex outdoor living products. The concept home offers flexible floor plans, 3D renderings, and an immersive virtual reality walkthrough experience, catering to the evolving needs of homeowners. Trex products integrated into the virtual home plans include Trex Transcend® Lineage™ Decking, Trex Signature® Rod Rail, and Trex® Composite Fencing, highlighting the brand's premium aesthetics, quality, durability, and sustainability.
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Trex Company, Inc. reports strong second quarter 2023 results with net sales of $357 million and a gross margin of 43.9%. The company achieved considerable margin expansion driven by production optimization and cost-saving programs. Trex also raised its full-year EBITDA margin guidance to 28% to 29%. The company expects third quarter 2023 revenues of $280 million to $290 million and full-year 2023 revenue guidance of $1.04 billion to $1.06 billion.
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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)
Link
United States of America
WINCHESTER