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, Inc. (NYSE: TREX) is set to release its fourth quarter and full year 2020 earnings on February 22, 2021, after market close. A conference call will follow at 5:00 PM ET, where senior management will provide insights and answer questions. Trex leads in composite decking and railing, with over 25 years of experience, and is recognized on Fortune's 2020 100 Fastest-Growing Companies list. The company's products are available in over 6,700 retail locations globally.
Trex Commercial Products, a frontrunner in architectural railing, has concluded its 30th anniversary on a successful note, being recognized for innovation and engineering excellence. The Ascent® Glass Windscreen was awarded as one of the most creative products in the 2020 Architecture MasterPrize™, adding to its accolades from Glass Magazine and FacilitiesNet. The company also celebrated the Equinox® Railing's win at the Innovative Products Awards, demonstrating commitment to quality and customer service in the commercial building sector.
Trex, the leading brand in wood-alternative decking, has gained recognition as one of Building Design + Construction's 'Top 75 Products' for its Trex Cladding product. This honor reflects Trex's strong engagement with professionals in the building sector, enhancing its reputation in both residential and commercial markets. Trex Cladding is designed to replace hardwood in rainscreen systems, showcasing durability, low maintenance, and eco-friendliness with 95% recycled materials. The product is backed by a 25-year warranty and has received multiple accolades this year.
Trex Company showcases its outdoor living products in the HGTV Dream Home 2021 located in Newport, R.I. The home features Trex's versatile products including Transcend® decking, Signature® railing, and innovative RainEscape® drainage to enhance outdoor spaces. Designed for minimal maintenance and environmental sustainability, Trex products are made from over 95% recycled materials. The HGTV Dream Home Giveaway offers a chance to win the property valued at over $2.8 million, with entries open from Dec 28, 2020, to Feb 17, 2021.
Trex Commercial Products recently completed a historic railing project at SoFi Stadium in Inglewood, California, providing over 73,000 linear feet of custom-engineered railing. This facility, the largest in the NFL, can accommodate up to 100,000 fans for events. The project utilized more than 1,500 pallets of materials and required over 10,000 design hours. It features LED-lit rail systems that enhance safety and aesthetics. SoFi Stadium is set to host significant events, including the Super Bowl LVI in 2022.
Trex Company (NYSE:TREX) reported a strong third quarter for 2020, with consolidated net sales of $232 million, marking a 19% increase year-over-year. Net income rose to $43 million or $0.37 per diluted share, up 2% from the previous year. Despite a warranty charge of $6.5 million, adjusted gross margin was 39.5%. For the nine months, net sales totaled $653 million, up 12%. The company anticipates continued growth, projecting Q4 sales of $210-$220 million and strong double-digit growth for 2021.
Trex Company (NYSE:TREX) announced its participation in several upcoming investor conferences, showcasing its leadership in composite decking and outdoor products. The conferences include the Baird’s 2020 Global Industrial Conference on November 10, the Berenberg CEO Conference on November 12, the Stephens Annual Investment Conference on November 18, and the 2020 Truist Securities Industrials and Services Summit on December 8. Management will engage in one-on-one virtual meetings, with investor materials accessible via Trex's website.
Trex Company, Inc. (NYSE:TREX) has announced it will release its third-quarter 2020 earnings on November 2, 2020, after the market closes. A conference call will follow at 5:00 PM ET, hosted by senior management, where they will present prepared remarks and engage in a Q&A session. Interested parties can participate by calling 1-844-792-3734 or accessing a live webcast on the Trex website. Trex is recognized as the leading manufacturer of high-performance composite decking and railing products, with over 6,700 retail locations worldwide.