Trex Company Inc Stock Price, News & Analysis

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.

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.