Trex Company Inc Stock Price, News & Analysis

Trex Company (NYSE: TREX), a leader in wood-alternative decking and residential railing, has partnered with Weyerhaeuser to expand distribution across California, Nevada, Arizona, and New Mexico. This collaboration aims to enhance access to Trex’s premium products via Weyerhaeuser’s distribution hubs in key locations including Redding, Stockton, Fresno, Santa Clarita, Fontana, and Phoenix.

Weyerhaeuser will exclusively offer Trex decking and railing solutions, supporting Trex’s strategic focus on the residential railing market. Trex aims to double its market share from 6% to 12% within five years in the $3.3 billion residential railing market, leveraging innovative products like steel, aluminum, cable, glass, and composite systems.

This partnership aligns with Trex’s goal to provide sustainable, low-maintenance outdoor living products. The announcement underscores Trex’s extensive distribution network, with products sold through over 6,700 retail outlets across six continents.

Trex Company (NYSE: TREX), the world's largest manufacturer of wood-alternative decking and railing, has announced a strategic partnership with Alexandria Moulding to expand its distribution network in Canada. Alexandria Moulding, a Specialty Building Products brand and leading North American manufacturer of mouldings and building products, will distribute Trex's premium decking and railing products to Canadian retailers, homeowners, and contractors. This expansion leverages Alexandria Moulding's extensive distribution network and expertise to enhance Trex's presence in the Canadian market, complementing its existing global network of over 6,700 retail outlets across six continents.

Trex Company [NYSE: TREX], the world's largest manufacturer of composite decking and railing, has achieved top rankings in multiple industry studies and awards for 2024. The company secured the #1 position in BUILDER magazine's Brand Use Study for the 17th time, leading in both Composite/PVC Decking and Deck Railings categories. Trex earned impressive Brand Power Ratings of 1904 among professional builders and 1552 among remodel contractors, significantly outperforming competitors. The company also received top recognition from BobVila.com, Good Housekeeping, and Veranda magazine, with products like Trex Transcend®, Signature®, and Select® decking earning spots in their respective 'Best of' lists.

Trex Company (NYSE:TREX) has appointed Dr. Anand Kangala as its new Vice President and Chief Information Officer. Dr. Kangala, who previously served as Senior Director at Home Depot, will lead global IT functions and enterprise technology strategy. His appointment aligns with Trex's commitment to optimizing manufacturing and business processes through digital solutions and data-driven decision-making. Dr. Kangala brings experience from roles at Edward Jones, Carter's Inc., Cato , and IBM, holding a Doctorate in Business Administration and an MBA.

Trex Company (NYSE:TREX) is implementing strategic changes in its distribution network to expand exclusivity for both decking and railing products. Snavely Forest Products and Boise Cascade have become exclusive distributors for Trex's expanded railing portfolio, while the relationship with Capital Lumber has been terminated. The company aims to increase its share in the $3.3 billion residential railing market from 6% to 12% over the next five years through this exclusivity strategy. Trex maintains a dual or triple distribution model in sales territories to ensure market competition and product availability.

Trex Company [NYSE: TREX] has strengthened its partnership with Boise Cascade [NYSE: BCC], making Trex the exclusive brand of composite decking and deck railings for participating Boise locations nationwide. The partnership includes expanded distribution in New Jersey and surrounding regions. This development follows Trex's recent expansion of its product portfolio, including new railing profiles and materials. Boise Cascade, which operates 39 distribution locations across the U.S., will extend its Trex service area to include New Jersey, Southern New York, Long Island, and Eastern Pennsylvania.

Trex Company (NYSE:TREX), the world's largest manufacturer of wood-alternative decking and railing, has announced its participation in three upcoming investor conferences. The company will attend the Baird Global Industrial Conference in Chicago on November 12th, the Stephens Annual Investment Conference in Nashville on November 19th, and the UBS Global Industrials and Transportation Conference in Palm Beach on December 4th. Various senior executives, including the CEO and CFO, will participate in fireside chats and one-on-one meetings with investors. Trex's investor presentation will be available on their website.

Trex Company (NYSE:TREX) reported Q3 2024 financial results with net sales of $234 million, down 23% year-over-year, and net income of $41 million ($0.37 per share). The company achieved a gross margin of 39.9% and EBITDA of $68 million. Year-to-date performance showed stronger results with net sales up 9% to $984 million and net income growth of 18% to $217 million. The company reaffirmed its full-year 2024 sales guidance of $1.14 billion and expects to reach the high end of its EBITDA margin guidance at 30.5%. Trex also announced progress on its new Arkansas facility, with plastic processing beginning in early 2025 and decking production starting in first half of 2027.

Trex Company (NYSE:TREX) is set to expand its leadership beyond decking in 2025 with an extensive range of new products, positioning itself as a total outdoor living resource. The company is focusing on leading the railing category with the industry's broadest selection of profiles, materials, and solutions.

Key product launches include:

• Trex Enhance Steel Railing
• Trex Select Aluminum Railing
• Trex Select Steel Mesh Panels & Railing Kits
• Trex Select Classic Railing in Charcoal Black
• Trex Signature X-Series Cable and Frameless Glass Railing Systems

Trex is also expanding its heat-mitigating technology to more decking options, introducing new colors to the Trex Transcend Lineage and Trex Enhance decking lines. The company continues to roll out its Trex Hideaway Fastener Collection, establishing itself as a market leader in the decking hardware category.