Trex Company Inc Stock Price, News & Analysis

Trex Company, a leader in composite decking, has been awarded multiple honors by Green Builder Media for its commitment to sustainability. For the 12th consecutive year, Trex has been recognized as the “greenest” decking in the industry and received the highest score in the Green Builder Media Brand Index. Additionally, its new AR Decking Visualizer was named one of the 2022 Sustainable Products of the Year.

Trex Company reported record net sales of $1.2 billion for 2021, a 36% year-over-year increase, driven by robust demand for outdoor living products. Fourth-quarter sales increased by 33% to $304 million, with net income of $25 million and adjusted EBITDA up 44% to $92 million. The company is expanding its capacity, planning a new facility in Little Rock, Arkansas, set to open in 2024. Despite challenges like raw material costs, Trex anticipates first-quarter 2022 revenues of $320 million to $330 million, reflecting a 32% increase from the previous year.

Trex, a leader in high-performance wood-alternative decking, has launched a dedicated website to enhance its presence among architects, engineers, and contractors. This resource, available at Trex.com/Professionals, features a comprehensive portfolio, technical information, and product resources tailored for building professionals. The site aims to support decision-makers in creating sustainable outdoor spaces with easy access to Trex's extensive product offerings made from 95% recycled materials, backed by a 25-year warranty.

Trex has announced the launch of three new products designed for outdoor living, responding to increased homeowner demand for privacy and comfort in their backyards post-pandemic. The new offerings include Trex Privacy, a range of aluminum privacy wall panels; Trex Shade, architectural shade panels for pergolas; and the Trex Pergola Retreat, a versatile aluminum structure. These products aim to provide enhanced outdoor experiences, blending functionality with aesthetic appeal. Trex continues to solidify its market presence with innovative solutions tailored for modern outdoor spaces.

Trex, the leading manufacturer of wood-alternative decking, is set to showcase innovative products at the 2022 International Builders' Show, enhancing installation speed and durability. The highlight is the Trex Universal Fastener Installation Tool, designed to reduce installation time by 50% for contractors and DIYers. Additionally, Trex introduces new ledger and rim tapes to protect against moisture, preserving deck integrity. These innovations aim to streamline the building process, meet consumer demands, and reinforce Trex's commitment to quality in outdoor living.

Trex Company (NYSE:TREX) will release its fourth quarter and full year 2021 earnings on February 28, 2022, post-market. A conference call for investors will follow at 5:00 PM ET, providing an opportunity for Q&A. Trex, a leader in composite decking and railing solutions, has over 30 years of experience in producing eco-friendly outdoor products. Known for its low-maintenance offerings, Trex is recognized in various Fortune and Forbes lists, with products available in more than 6,700 retail locations worldwide.

Trex Company has launched an innovative AR app called Trex Augme that allows homeowners and contractors to visualize deck designs in real-time within their actual environments. The app, available for free on iTunes and Google Play, enhances user experience with high-definition renderings and interactive planning tools. Users can select Trex products, estimate material needs, and even purchase items directly from their devices. The app aims to streamline the planning process for outdoor living spaces while fostering confidence in users' design choices.

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.