Trex Company Inc Stock Price, News & Analysis

Trex Company (NYSE: TREX) has launched a new marketing campaign, "We See It Too," aimed at connecting emotionally with consumers. This initiative, created with advertising agency BUNTIN, emphasizes the personal experiences of families and how Trex products serve as a backdrop for cherished memories. The campaign began on January 1, 2022, featuring advertisements across multiple channels, including TV and digital platforms. With a reported $1 billion in revenue and recognition as a leading brand in outdoor living products, Trex continues to innovate within the composite decking industry.

Trex Company has identified key trends in outdoor living for 2022, focusing on comfort, convenience, and design. Consumers are seeking multifunctional outdoor spaces, leading to the rise of Outdoor Dens equipped with amenities like TVs and kitchens. Activity Zones are also popular, maximizing space for various functions. The demand for privacy in outdoor settings is increasing, along with a push for eco-friendly materials. Curves in design, including outdoor kitchens and cabinetry, are gaining traction, transforming outdoor areas into functional extensions of homes.

Trex Commercial has boosted its Midwest presence by appointing two new regional sales representatives, Michael Scalze and Kyle Jorgenson. Their combined expertise aims to enhance sales and strengthen relationships with key industry players in this vital market. Scalze brings over 20 years of experience in sales and project management, previously achieving significant growth for his former company. Jorgenson has transitioned from Trex's residential division, having developed strong connections in the industry. This strategic move is anticipated to drive sales growth and improve Trex's engagement in the Midwest.

Trex Company has launched its 15th annual Plastic Film Recycling Challenge, offering cash prizes for schools that recycle the most plastic film. Sponsored by Charter Next Generation, the program incentivizes K-12 students nationwide to collect polyethylene plastic film from November 15 to April 22. Schools can win up to $5,000, and additional rewards for creative promotion of recycling efforts. Trex continues its commitment to sustainability, repurposing over 850 million pounds of recycled materials annually, including 1.5 billion plastic bags.

Trex Company has been featured in the HGTV Dream Home 2022, located in Warren, Vermont, showcasing a luxury cabin designed to celebrate local aesthetics. The outdoor spaces utilize Trex's eco-friendly, low-maintenance decking products, including Trex Transcend, which provides the look of wood without the upkeep hassles. The installation features Trex's advanced drainage systems and modern railings, enhancing both functionality and style. The HGTV Dream Home giveaway will allow viewers to enter for a chance to win this stunning property starting December 28, 2021.

Trex Company (NYSE:TREX) reported robust third quarter 2021 results with a 45% revenue growth to $336 million and a net income increase of 73% to $74 million. The growth is attributed to strong demand for decking and railing products, alongside efficient cost management despite inflationary pressures. EBITDA rose 76% to $108 million, reflecting a healthy EBITDA margin of 32.2%. Trex plans to add a third production site in Little Rock, Arkansas, investing $400 million over five years to meet future demand. Fourth quarter sales are projected between $295 million and $305 million.

Trex Company (NYSE:TREX) has announced its participation in several upcoming investor conferences. These include the Baird 2021 Global Industrial Conference on November 10, the Stephens Investment Conference in Nashville, TN, on December 2, and the Truist Securities 2021 Industrials and Services Summit on December 7. Management will engage in one-on-one meetings with investors, and an investor presentation is accessible through the company's website. Trex is recognized as the top brand in composite decking and railing, with over 30 years of expertise in eco-friendly outdoor products.

Trex Company (NYSE: TREX) is set to enhance its production capabilities by establishing a new manufacturing site in Little Rock, Arkansas. This strategic investment of approximately $400 million aims to meet the growing demand for its composite decking products driven by increasing consumer interest in outdoor living. Expected to create over 500 new jobs, the facility will optimize access to raw materials and key transportation hubs. Construction is slated to begin in early 2022, with production anticipated to start in 2024.