Trex Company Inc Stock Price, News & Analysis

Trex Company, the leading manufacturer of wood-alternative decking, has been ranked #1 in Builder Magazine’s 2023 Brand Use Study for the 16th consecutive year. This recognition confirms Trex's strong presence within the industry as builders and contractors overwhelmingly choose its products. In the survey, over 1,000 professionals highlighted Trex for brand familiarity and usage in both composite decking and deck railing categories.

Key findings include that 88% of respondents are familiar with Trex's decking, with 82% having used it recently. In deck railings, Trex is noted by 91% of professionals as the most familiar brand. These results underscore Trex’s commitment to quality and innovation, enhancing customer satisfaction and industry trust.

Trex Company, Inc. (NYSE:TREX), a leader in eco-friendly composite decking, announced the appointment of Melkeya McDuffie as an independent member of its Board of Directors. Effective immediately, McDuffie brings extensive experience in human resources from her current role as Chief Human Resources Officer at Clean Harbors (NYSE:CLH). Her background includes senior positions at Waste Management and The Wallace Foundation. CEO Bryan H. Fairbanks stated that McDuffie's expertise in corporate strategy and talent development aligns with Trex’s commitment to organizational growth. Following her appointment, the board consists of ten members, with eight being independent. Trex continues to be recognized as a top brand in sustainable decking solutions.

Trex Company, Inc. (NYSE:TREX), a leader in eco-friendly composite decking, is set to release its Q1 2023 earnings on May 8, 2023, after U.S. market close. A conference call will follow at 5:00 PM ET, where management will discuss earnings and address questions.

With over 30 years in the industry, Trex offers a comprehensive portfolio of sustainable outdoor living products, sold through a vast network globally. The company has been recognized as 2023 America’s Most Trusted Decking Brand and was listed among the 50 Best U.S. Manufacturers by Industry Week in 2022. Investors may want to monitor the upcoming earnings release for insights into the company's performance and market outlook.

Trex Company has unveiled its latest decking line, Trex Transcend Lineage, recognized as 2023 Sustainable Product of the Year by Green Builder Media. This innovative product combines performance with sustainability, featuring engineering that keeps the boards cooler than traditional options. Lineage is crafted from 95% recycled materials, affirming Trex's commitment to eco-friendly manufacturing. The line comes in four colors, inspired by North American landscapes, and boasts enhanced performance, resisting stains, scratches, and mold. Trex Lineage is backed by a 50-year limited warranty. For thirteen consecutive years, Trex has also been named a Sustainable Brand Leader in the decking category.