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, the leading manufacturer of wood-alternative decking, has been ranked #1 in Builder Magazine’s 2023 Brand Use Study for the 16th consecutive year. This recognition confirms Trex's strong presence within the industry as builders and contractors overwhelmingly choose its products. In the survey, over 1,000 professionals highlighted Trex for brand familiarity and usage in both composite decking and deck railing categories.
Key findings include that 88% of respondents are familiar with Trex's decking, with 82% having used it recently. In deck railings, Trex is noted by 91% of professionals as the most familiar brand. These results underscore Trex’s commitment to quality and innovation, enhancing customer satisfaction and industry trust.
Trex Company, Inc. (NYSE:TREX), a leader in eco-friendly composite decking, announced the appointment of Melkeya McDuffie as an independent member of its Board of Directors. Effective immediately, McDuffie brings extensive experience in human resources from her current role as Chief Human Resources Officer at Clean Harbors (NYSE:CLH). Her background includes senior positions at Waste Management and The Wallace Foundation. CEO Bryan H. Fairbanks stated that McDuffie's expertise in corporate strategy and talent development aligns with Trex’s commitment to organizational growth. Following her appointment, the board consists of ten members, with eight being independent. Trex continues to be recognized as a top brand in sustainable decking solutions.
Trex Company, Inc. (NYSE:TREX), a leader in eco-friendly composite decking, is set to release its Q1 2023 earnings on May 8, 2023, after U.S. market close. A conference call will follow at 5:00 PM ET, where management will discuss earnings and address questions.
With over 30 years in the industry, Trex offers a comprehensive portfolio of sustainable outdoor living products, sold through a vast network globally. The company has been recognized as 2023 America’s Most Trusted Decking Brand and was listed among the 50 Best U.S. Manufacturers by Industry Week in 2022. Investors may want to monitor the upcoming earnings release for insights into the company's performance and market outlook.
Trex Company has unveiled its latest decking line, Trex Transcend Lineage, recognized as 2023 Sustainable Product of the Year by Green Builder Media. This innovative product combines performance with sustainability, featuring engineering that keeps the boards cooler than traditional options. Lineage is crafted from 95% recycled materials, affirming Trex's commitment to eco-friendly manufacturing. The line comes in four colors, inspired by North American landscapes, and boasts enhanced performance, resisting stains, scratches, and mold. Trex Lineage is backed by a 50-year limited warranty. For thirteen consecutive years, Trex has also been named a Sustainable Brand Leader in the decking category.
Trex Company has achieved its 13th consecutive year as Green Builder Media’s Sustainable Brand Leader in the decking category. This recognition highlights Trex's ongoing commitment to eco-friendly practices, utilizing 95% recycled materials in its composite decking products. The company repurposes over 1 billion pounds of materials annually and employs a manufacturing process that recycles approximately 99% of water used. Trex's efforts position it as a leader in the sustainable building industry, reinforcing its commitment to environmentally responsible products. The results of the Green Builder Readers' Choice Survey emphasize Trex's strong preference among eco-conscious architects and builders.
Trex Company partners with celebrity landscape designer Carmen Johnston to launch the Trex x Carmen Johnston Spring Refresh Giveaway, promoting sustainable outdoor living. The winner will receive a design consultation, Trex Outdoor Furniture set, and a $200 Visa gift card. Trex emphasizes its commitment to sustainability, producing decking from 95% recycled materials and saving nearly 1 billion pounds from landfills each year. The giveaway runs until April 30, 2023, with the winner announced in May. To enter, visit Trex’s official site.
Trex Company has unveiled its 2023 Outdoor Living Trends Forecast, highlighting key trends that resonate with evolving consumer preferences. Central to these trends is the growing demand for functional outdoor spaces, a shift towards sustainable materials, and a focus on stylish seclusion for privacy. Key trends include:
- Light Neutrals for a calming aesthetic
- Mixed Materials for eclectic design
- Sustainable Selections, featuring Trex's 95% recycled composite decking
- Mood Lighting to enhance ambiance
This report indicates strong momentum in outdoor living investments as homeowners prioritize style, functionality, and environmental consciousness.
Trex Company, a leader in eco-friendly composite decking, reported fourth quarter and full year 2022 results, with quarterly net sales of $192 million and full year net sales of $1.1 billion. The company experienced a gross margin of 34.1% in Q4, a 960 basis point increase from Q3 2022. Net income for Q4 was $10 million, down from $25 million year-over-year. Trex divested its Commercial Products segment and returned $395 million to shareholders through buybacks in 2022. For 2023, Trex expects net sales between $230 million and $240 million for Q1 and an EBITDA margin of 26% to 27%. The company plans to focus on its residential business and innovation.
Trex Company, Inc. (NYSE:TREX) will release its fourth quarter 2022 earnings on February 27, 2023, after the U.S. market closes. The Company invites stakeholders to join its conference call on the same date at 5:00 PM ET, where management will present results followed by a Q&A session. Participants can join via phone or through a live webcast available on Trex's Investor Relations page. Trex has established itself as the leading brand in composite decking and outdoor products, with over 6,700 retail outlets worldwide. It is recognized as America's Most Trusted Decking Brand and among the 50 Best U.S. Manufacturers by Industry Week.
FAQ
What is the current stock price of Trex Company (TREX)?
What is the market cap of Trex Company (TREX)?
What does Trex Company, Inc. specialize in?
Where is Trex headquartered?
How does Trex distribute its products?
What are some recent achievements of Trex?
What is the Trex Seal Sub-Ledger Tape?
Who manufactures the Trex Spiral Stairs collection?
What materials are Trex products made from?
How long has Trex been in the industry?
How can I stay updated with Trex's latest news?
What awards has Trex recently won?
