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, Inc. (NYSE:TREX), leader in eco-friendly composite decking and railing, announces participation in three upcoming investor conferences. The conferences are: Baird 2022 Global Industrial Conference on November 9 in Chicago, Deutsche Bank Industrials Conference on November 15 in New York, and Stephens Annual Investment Conference on November 17 in Nashville. Company management will host one-on-one meetings and the investor presentation is available on their Investor Relations site.
Trex Company, the top brand in eco-friendly composite decking, will release its third quarter 2022 earnings on October 31, 2022, after market close. A conference call with senior management is scheduled for the same day at 5:00 PM ET, where prepared remarks will be followed by a Q&A session. Investors can join the call by dialing 1-844-792-3734 (or 1-412-317-5126 internationally). A live webcast will also be available on Trex's Investor Relations page, along with an audio replay for 30 days. Trex has been recognized among the 50 Best U.S. Manufacturers in 2022.
Trex Company has partnered with DW Distribution to enhance the distribution of its outdoor living products in the South Central region of the U.S. DW Distribution, a Texas-based distributor, will supply Trex products from locations in Arlington, DeSoto, Round Rock, and Oklahoma City. Trex's VP, Bret Martz, emphasized the importance of collaborating with well-regarded distributors like DW to meet rising demand for low-maintenance outdoor products. Established in 1955, DW Distribution serves multiple states and is recognized for its customer service and employee engagement.
Trex Company has expanded its distribution presence in Texas by partnering with Snavely Forest Products. This collaboration aims to enhance service in the thriving South Central region, driven by increasing demand for outdoor living products. Trex, the leading manufacturer of wood-alternative decking, emphasizes eco-friendliness and low maintenance. With products available at over 6,700 retail locations, the partnership strengthens Trex's ability to meet consumer needs effectively.
Trex Company expands its NexTrex recycling initiative to engage a wider audience, including municipalities, universities, and nonprofits. This new Grassroots Movement aims to create centralized drop-off locations for recycling plastic film, allowing partners to earn funds while reducing landfill waste. Participating organizations will receive support including balers for bundling recyclables and rebate incentives for their efforts. Trex's commitment to sustainability allows it to source high-quality materials for its composite decking, upcycling approximately 400 million pounds of plastic waste annually.
Trex Company reported strong second quarter 2022 results, with net sales rising 24% to $386 million and net income increasing by 45% to $89 million. Diluted earnings per share reached $0.79, up 49%. The company repurchased 2.8 million shares during the quarter, supported by solid cash flow. EBITDA rose 41% to $129 million, with an EBITDA margin of 33.4%. Despite robust demand, Trex anticipates a revenue decline in the latter half of 2022 due to pro-channel inventory adjustments. For the year, net sales are projected between $185 million to $195 million in Q3 and $180 million to $190 million in Q4.
Trex Company, Inc. (NYSE:TREX) announced its participation in upcoming investor conferences, including the Jefferies 2022 Industrials Conference in New York on August 10 and the D.A. Davidson 21st Annual Diversified Industrials & Services Conference in Nashville on September 22. Senior executives, including CFO Dennis C. Schemm and CEO Bryan H. Fairbanks, will represent the company. The investor presentation can be accessed via Trex's Investor Relations webpage. Trex is recognized as the leading brand in eco-friendly composite decking and railing solutions.
Trex Company, Inc. (NYSE:TREX), recognized as the leading brand in eco-friendly composite decking, is set to announce its second quarter 2022 earnings on August 8, 2022, after U.S. market close. The management will host a conference call at 5:00 PM ET, followed by a Q&A session. Interested participants can join by dialing the provided numbers or via a live webcast. Trex continues to lead in innovative outdoor living solutions.
Trex Company has launched the "Trex Moments Deck Giveaway", a nationwide sweepstakes offering $10,000 in outdoor living products. Participants can enter by sharing a special memory via video on Instagram, TikTok, or the Trex website, using the hashtag #TrexMoments. The contest runs through July 31, 2022, with a winner to be announced in mid-August. The prize includes Trex decking, railing, and other products. This initiative aligns with Trex's marketing campaign, focusing on creating lasting memories with their eco-friendly products.
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