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 widely known for its wood-alternative decking, residential railing and outdoor living products, and its news flow reflects this focus on materials, manufacturing and brand development. Company announcements frequently highlight new product introductions, distribution agreements, sustainability recognition and investor-related events, giving followers a detailed view of how Trex manages its composite decking and railing franchise.
Recent news has included the launch of Trex Refuge ignition-resistant PVC decking, a line engineered for regions with heightened fire-safety requirements and Wildland-Urban Interface protections. This product news centers on fire performance standards, building code compliance, and the extension of Trex’s performance-engineered strategy into dry, fire-prone environments. Other updates describe recognition such as Trex composite decking being named “The Coolest Thing Made in Virginia” in the Virginia Manufacturing Cup, underscoring the company’s manufacturing roots and product reputation.
Investors and industry observers can also follow distribution and channel developments, such as expanded collaborations with Specialty Building Products and Weekes Forest Products in the Midwest and upper Midwest. These stories shed light on how Trex broadens access to its decking and railing products through wholesale distributors and retail outlets.
In addition, Trex news includes corporate and capital markets updates, such as participation in investor conferences, quarterly earnings releases, and board or executive appointments, including changes in the chief financial officer role and additions to the board of directors. Together, these items provide context on Trex’s strategic direction, governance and communication with the investment community.
For readers tracking TREX, this news stream offers ongoing insight into product innovation, distribution footprint changes, sustainability recognition and key corporate actions that shape the company’s position in the outdoor living and composite decking market.
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.
Trex Company, the largest manufacturer of wood-alternative decking, announces the 2020-2021 Trex Plastic Film Recycling Challenge. This educational program for K-12 students promotes recycling by encouraging competition to collect polyethylene plastic film. Last year, over 700 schools recycled 360,000 pounds, contributing to Trex's annual recycling of 400 million pounds. The challenge starts on November 15, 2020, with winners announced on April 22, 2021. Trex's decking is made of 95% recycled materials, showcasing their commitment to eco-friendly practices.
Trex, the leading brand in high-performance, low-maintenance outdoor products, has received notable industry recognition this year, including a Golden Hammer Award from HBS Dealer for its innovative Trex Signature railing collection. Additionally, the company secured two spots on Pro Remodeler’s “Top 100 Products” list with its Trex Enhance decking and Trex Transcend railing kits. These accolades affirm Trex's status as a go-to choice for trade professionals, reflecting the brand's innovation and commitment to quality.
Trex Company, Inc. (NYSE: TREX) has appointed Laura Rygielski Preston as president of Trex Commercial Products, effective immediately. Rygielski Preston brings over 25 years of experience, previously serving as Vice President at Trane, Inc., where she drove significant sales growth. Her role includes managing Trex Commercial Products and Staging Concepts, aiming to leverage their engineering capabilities for market share expansion. This leadership change is expected to enhance operational efficiencies and financial performance.
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