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TREX Co., Inc. - TREX STOCK NEWS

Welcome to our dedicated news page for TREX Co. (Ticker: TREX), a resource for investors and traders seeking the latest updates and insights on TREX Co..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect TREX Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of TREX Co.'s position in the market.

Rhea-AI Summary
Trex Company expands and simplifies its Plastic Film Recycling Challenge, making it more accessible to participants. Any organization that collects at least 1,000 pounds of recycled plastic film qualifies for a composite bench. Trex is committed to upcycling plastic waste and is one of the largest recyclers of PE in North America.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.92%
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Rhea-AI Summary
Trex Company, Inc. to hold investor day on September 7, 2023 in New York, featuring panels and presentations by Trex management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.88%
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conferences
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Rhea-AI Summary
Trex Company, the world's leading brand of sustainable composite decking and railing, has been named a 2023 Eco-Leader by Green Builder Media. This is the second time Trex has received this honor, making it the only decking brand to achieve Eco Leader status. Trex is recognized for its commitment to sustainability through innovative product development, sustainable manufacturing processes, recycling initiatives, and transparency in ESG reporting.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.7%
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none
Rhea-AI Summary
Fastenal Company (Nasdaq: FAST) partners with Trex Company, Inc. to reduce environmental impact by recycling plastic film into composite decking products. Fastenal invests over $300,000 to collect and recycle more than 600,000 pounds of plastic from its distribution centers, branches, and Onsite locations, supporting Trex's NexTrex Recycling Program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
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Rhea-AI Summary
Trex Company [NYSE:TREX] partners with Zonda to create the 2024 Virtual Concept Home by Livabl, showcasing innovative home design and featuring Trex outdoor living products. The concept home offers flexible floor plans, 3D renderings, and an immersive virtual reality walkthrough experience, catering to the evolving needs of homeowners. Trex products integrated into the virtual home plans include Trex Transcend® Lineage™ Decking, Trex Signature® Rod Rail, and Trex® Composite Fencing, highlighting the brand's premium aesthetics, quality, durability, and sustainability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.85%
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none
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Rhea-AI Summary
Trex Company, Inc. reports strong second quarter 2023 results with net sales of $357 million and a gross margin of 43.9%. The company achieved considerable margin expansion driven by production optimization and cost-saving programs. Trex also raised its full-year EBITDA margin guidance to 28% to 29%. The company expects third quarter 2023 revenues of $280 million to $290 million and full-year 2023 revenue guidance of $1.04 billion to $1.06 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.85%
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Rhea-AI Impact
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4.67%
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Rhea-AI Sentiment
End-of-Day
0.97%
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Rhea-AI Sentiment
End-of-Day
1.27%
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management
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.88%
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TREX Co., Inc.

NYSE:TREX

TREX Rankings

TREX Stock Data

9.99B
108.00M
0.69%
98.8%
4.64%
All Other Miscellaneous Wood Product Manufacturing
Manufacturing
Link
US
Burlingame

About TREX

trex company is the world's largest manufacturer of high-performance wood-alternative decking and railing. combining superior durability and aesthetics, trex also offers a truly environmentally responsible choice. in addition to a variety of decking and railing options, the trex product portfolio includes everything needed to create a dream outdoor living space - from led deck and landscape lighting, stylish pergolas and outdoor furniture and storage to innovative steel deck framing and drainage systems. visit www.trex.com.