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 global leader in high-performance composite decking and sustainable outdoor living solutions. This dedicated news hub provides investors and industry professionals with official press releases, financial updates, and strategic developments directly from Trex and verified sources.
Access timely updates on product innovations, earnings reports, sustainability milestones, and partnership announcements. Our curated collection ensures you stay informed about Trex initiatives including recycled material advancements, manufacturing expansions, and market leadership in wood-alternative decking.
Key coverage areas include quarterly financial results, new product launches (decking systems, outdoor lighting, railing), environmental initiatives like the NexTrex recycling program, and strategic collaborations with home improvement retailers. All content is vetted for accuracy and relevance to stakeholder interests.
Bookmark this page for streamlined access to Trex's evolving story as it reshapes outdoor living through ecological innovation and design excellence. Check regularly for authoritative updates impacting the construction materials sector and sustainable investing landscape.
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.
Trex Commercial has contributed to the construction of the Moody Center, the most expensive college arena in the U.S., valued at $375 million. Located at the University of Texas, this state-of-the-art facility features over 6,000 feet of custom railing systems designed to enhance fan safety and engagement. Opened in April 2022, the arena showcases Texas culture through its design and amenities, including a VIP club and a large event floor. Trex Commercial's contributions align with the arena's LEED Gold certification, emphasizing sustainability and aesthetics.
Trex® has launched a new product, Trex Seal, an 11-inch wide aluminum-lined butyl tape designed to enhance the longevity of deck structures by protecting the ledger board from moisture, which is a common cause of deck failures. This innovative tape provides a superior alternative to traditional flashing methods, creating a comprehensive waterproof barrier. It features an easy-to-apply design, and its compliance with AAMA 711-13 standards ensures effective performance. Trex Seal is an addition to Trex's extensive range of outdoor living products.
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