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, a leader in composite decking, has launched Trex Signature decking, a premium product designed for outdoor living. This innovative decking features a realistic woodgrain aesthetic with two colors, inspired by nature: Ocracoke and Whidbey. Available in designated markets on the West Coast, Northeast, and Mid-Atlantic, Trex Signature is made from recycled materials, emphasizing sustainability. It comes with a 50-year limited warranty, reinforcing its quality and durability. The launch aims to attract style-conscious consumers willing to invest in high-performance outdoor solutions.
Trex Company (NYSE: TREX), the leader in wood-alternative decking, has unveiled a new range of products for 2023 aimed at enhancing outdoor living. Key offerings include Trex Transcend Lineage, featuring heat-mitigating technology and sustainable materials, and pre-assembled stair panels for easier installation. The company also introduced a WiFi controller for outdoor lighting and stylish fire pit tables. Additionally, the Trex Seal Ledger Flashing Tape promises superior waterproofing for deck installations. Trex continues to focus on innovation and sustainability as it expands its product portfolio.
Trex Company has expanded its popular Trex Transcend® Lineage decking line by introducing two new colors for 2023, Carmel and Jasper, which join existing hues Biscayne and Rainier. These products feature enhanced aesthetics, heat-mitigating technology, and a robust 50-year warranty. Trex emphasizes sustainability, as the decking is made from 95% recycled materials. The new offerings align with the preferences of modern homeowners who prioritize design and functionality, further solidifying Trex’s position as a leader in composite decking.
Trex Company, Inc. (NYSE:TREX) has announced the sale of Trex Commercial Products, Inc. to Sightline Commercial Solutions, effective December 30, 2022. This divestiture reflects Trex's focus on its core outdoor living strategy, dedicating resources to accelerating composite usage over wood. Trex Commercial had generated $35.1 million in sales during the first nine months of 2022, comprising 3.8% of Trex's consolidated net sales, but incurred a net loss of $2.4 million. The existing staff at Trex Commercial will retain employment under the new company.
Trex Company encourages Americans to recycle holiday plastic waste at over 32,000 partner locations, transforming it into eco-friendly decking products. With 95% of its composite decking made from reclaimed materials, Trex upcycles more than 1 billion pounds annually, becoming a leader in recycling plastic film in North America. The initiative supports sustainability, enabling consumers to dispose of plastics like shopping bags and bubble wrap responsibly, while also promoting the NexTrex recycling program.
Trex Company has launched its 16th Annual Plastic Film Recycling Challenge, coinciding with America Recycles Day. The competition invites K-12 students nationwide to collect polyethylene plastic film through April 22, offering cash prizes and Trex products for participating schools. Cash prizes total $5,000 for first place, with additional awards for creative promotion of recycling efforts. This initiative reinforces Trex’s commitment to sustainability, having recycled over 430 million pounds of plastic film annually.
Trex Company has partnered with brands like Rent the Runway, L.L. Bean, and Urban Outfitters to recycle single-use plastics into eco-friendly outdoor products. Initiated through the NexTrex program, these collaborations help divert significant plastic waste from landfills. In 2021 alone, Rent the Runway recycled 95 tons of plastic. The program involves approximately 32,000 retail stores, promoting a sustainable circular economy for plastic waste. Trex’s products are made primarily from recycled materials, ensuring a lower environmental impact.
Trex Company, Inc. (NYSE:TREX) reported third quarter 2022 results with consolidated net sales of $188 million, down from $336 million year-over-year. Net income was $14 million, or $0.13 per diluted share, compared to $74 million, or $0.64 per diluted share in Q3 2021. EBITDA stood at $31 million with a 16.4% EBITDA margin. The company repurchased 1.7 million shares and reaffirms fourth quarter guidance of $180 million to $190 million in net sales. Despite current challenges, Trex maintains focus on cost efficiency and long-term growth.
Trex Company has launched the 16th annual Plastic Film Recycling Challenge, engaging K-12 students nationwide from November 15 to April 22. This initiative, aimed at promoting recycling and sustainability, encourages schools to collect polyethylene plastic film, with opportunities to win prizes including cash and Trex products. Top-performing schools can receive up to $5,000, while additional rewards will be given for impactful social media campaigns. Trex repurposes over 1 billion pounds of recycled materials annually, contributing significantly to environmental sustainability.
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