Trex Company, Inc. manufactures and distributes wood and plastic composite products, and related accessories primarily for residential decking, and railing applications in the United States. It offers Trex Transcend, Trex Select, and Trex Enhance protective shells for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening systems; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps. The company also provides Trex Transcend Railing products used in Trex decking products and other decking materials; Trex Select Railing for simple clean finished look; Trex Enhance railing system; and Trex Signature aluminum railing for contemporary look. In addition, it offers Trex Seclusions fencing product, including structural posts, bottom and top rails, pickets, and decorative post caps; and Trex Elevations, a steel deck framing system. Further, the company acts as a licensor in various licensing agreements with third parties to manufacture and sell products under the Trex name, including Trex Outdoor Furniture; Trex RainEscape, an above joist deck drainage system; Trex Pergola, a cellular PVC product; Trex Latticeworks outdoor lattice boards; Trex Cornhole boards; Diablo Trex Blade, a saw blade for wood-plastic composite decking; Trex SpiralStairs and structural steel posts; Trex Outdoor Kitchens, Cabinetry, and Storage; and Trex Outdoor Fire & Water products. Additionally, it offers architectural and aluminum railing systems, and staging equipment and accessories. The company sells its products through wholesale distributors, retail lumber dealers, and Home Depot and Lowe's stores, as well as through its direct sales staff, independent sales representatives, and bidding on projects. The company was founded in 1996 and is headquartered in Winchester, Virginia.
IPO Year:
Exchange: NYSE
Website: trex.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/7/2024 | $115.00 → $72.00 | Overweight → Equal-Weight | Stephens |
| 8/7/2024 | $95.00 → $75.00 | Buy → Hold | Loop Capital |
| 12/14/2023 | $62.00 → $79.00 | Underweight → Neutral | JP Morgan |
| 12/13/2023 | $66.00 → $74.00 | Equal Weight → Underweight | Barclays |
| 12/12/2023 | Peer Perform | Wolfe Research | |
| 10/3/2023 | $78.00 | Buy | Goldman |
| 8/25/2023 | $72.00 | Neutral | Citigroup |
| 5/9/2023 | $54.00 → $66.00 | Neutral → Buy | BofA Securities |
| 4/24/2023 | $55.00 → $64.00 | Hold → Buy | Loop Capital |
| 4/19/2023 | $47.00 → $54.00 | Underperform → Neutral | BofA Securities |
Decking Giant Tops the Leaderboards Across Numerous Industry Rankings They say the third time is a charm—but what about the seventeenth? That's the number of times Trex Company (NYSE:TREX), the world's largest manufacturer of high-performance, low-maintenance composite decking and railing, has topped the rankings in BUILDER magazine's annual Brand Use Study. In addition to receiving the highest scores for brand awareness among the 23 brands included in the study, Trex® emerged as the #1 brand used most by Pro Builders and Pro Remodel Contractors in both the Composite/PVC Decking and Deck Railings categories of this year's study. But that's not all. This press release features multimedia.
Trex Company, Inc. (NYSE:TREX), the world's largest manufacturer of wood-alternative decking and railing and a leader in high-performance, low-maintenance outdoor living products, announced that Dr. Anand Kangala, has joined Trex as its new Vice President and Chief Information Officer effective today. As a member of the Trex leadership team, Dr. Kangala will lead global IT functions and enterprise technology strategy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241118130372/en/Dr. Anand Kangala, Vice President and Chief Information Officer, Trex Company, Inc. (Photo: Business Wire) "As a high growth company, we are committed
Trex Company, Inc. (NYSE:TREX), the world's largest manufacturer of wood-alternative decking and railing and a leader in high-performance, low-maintenance outdoor living products, is providing an update on its program to expand exclusivity with its existing partners to include its railing products. Since the end of the third quarter of 2024, two of Trex's exclusive decking distributors have become exclusive distributors for the Company's newly expanded railing product portfolio, which now includes premium cable and specialty glass systems, along with steel, aluminum and composite solutions designed to give builders and homeowners more options beyond PVC and wood. Longtime Trex distribut
Trex Company (NYSE:TREX), the world's largest manufacturer of high-performance, wood-alternative decking and railing, has strengthened its relationship with Boise Cascade (NYSE:BCC), the leading national distributor of building products. Moving forward, Trex will be the only brand of composite decking and deck railings sold and distributed by Boise locations participating in the Trex program across the country, including incremental Trex distribution that Boise is gaining in New Jersey and the surrounding region. This increased commitment to Trex correlates with the brand's expanded product offering. After bolstering its decking portfolio with introductions like Trex Signature® and Trex T
Trex Company, Inc. (NYSE:TREX), the world's largest manufacturer of wood-alternative decking and railing, and a leader in high-performance, low-maintenance outdoor living products, today announced its participation in the following investor conferences: Baird 2024 Global Industrial Conference Location: Chicago, IL Date: Tuesday, November 12th Fireside Chat: 1:10 PM CDT Trex Management: Bryan Fairbanks – President and Chief Executive Officer Bret Martz – Group Vice President, North American Professional Sales Stephens Annual Investment Conference Location: Nashville, TN Date: Tuesday, November 19th Fireside Chat: 4:00 PM CD
Continued Strength in Consumer Demand for Premium Products New Railing Product Introductions to Accelerate Market Share Gains Provides Update on New Arkansas Facility Reaffirms Full Year 2024 Sales Guidance and Expects to Achieve High End of EBITDA Guidance Range Trex Company, Inc. (NYSE:TREX), the world's largest manufacturer of wood-alternative decking and railing, and a leader in high-performance, low-maintenance outdoor living products, today announced financial results for the third quarter of 2024. Third Quarter Financial 2024 Highlights Net sales of $234 million Gross margin of 39.9% Net income of $41 million and diluted earnings per share of $0.37 EBITDA of $68 million
Broad and Diverse Portfolio Gives Builders and Homeowners the Most Designs, Colors, Styles and Options for Outdoor Living For more than 30 years, the Trex name has been synonymous with high-performance, low-maintenance composite decking – but that's about to change. With the extensive range of new products the brand has on tap for 2025, Trex Company (NYSE:TREX) is primed to expand its leadership beyond decking to elevate the brand as a total outdoor living resource. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241022476856/en/New railing products from Trex® (Photo: Business Wire) "2025 will be the year of railing for Trex," sa
Leading Building Products Distributor is Now Exclusive with Trex Decking and Railing, with Plans to Expand Trex Footprint into Colorado Leading building products distributor Snavely Forest Products is going all-in with Trex. The longtime Trex®-exclusive decking distributor will now sell Trex® railing exclusively through its nationwide distribution network, including expanded reach with Trex in the Colorado market. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241014374934/en/ "It is a very exciting time to be affiliated with Trex," said Clark Spitzer, president of Snavely Forest Products. "Not only do they engineer the industry
Trex Company, Inc. (NYSE:TREX) the world's largest manufacturer of wood-alternative decking and railing, and a leader in high-performance, low-maintenance outdoor living products, will issue its third quarter 2024 earnings release on Monday, October 28, 2024, after the close of the U.S. market. You are invited to participate in the Company's conference call hosted by senior management on October 28, 2024, at 5:00 PM ET. Their prepared remarks will be followed by a question-and-answer session. 3Q24 Conference Call Date & Time: Monday, October 28, 2024, at 5:00 PM ET To participate on the day of the call, dial 1-844-792-3734, or internationally 1-412-317-5126, approximately ten minutes bef
WINCHESTER, Va., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Amid increasing concern related to plastic bag and film recycling, Trex Company (NYSE:TREX) is making it easier than ever for Americans to responsibly dispose of plastic film waste. The leading manufacturer of high-performance composite decking and railing is proud to announce the launch of the NexTrex® Plastic Recycling Drop-Off Directory, the country's only online searchable platform dedicated to connecting eco-minded Americans with Trex recycling partners in their local communities. With locations in all 50 states, the nationwide directory fills a gap in the marketplace, offering a comprehensive resource that empowers individuals to co
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Continued Strength in Consumer Demand for Premium Products New Railing Product Introductions to Accelerate Market Share Gains Provides Update on New Arkansas Facility Reaffirms Full Year 2024 Sales Guidance and Expects to Achieve High End of EBITDA Guidance Range Trex Company, Inc. (NYSE:TREX), the world's largest manufacturer of wood-alternative decking and railing, and a leader in high-performance, low-maintenance outdoor living products, today announced financial results for the third quarter of 2024. Third Quarter Financial 2024 Highlights Net sales of $234 million Gross margin of 39.9% Net income of $41 million and diluted earnings per share of $0.37 EBITDA of $68 million
Trex Company, Inc. (NYSE:TREX) the world's largest manufacturer of wood-alternative decking and railing, and a leader in high-performance, low-maintenance outdoor living products, will issue its third quarter 2024 earnings release on Monday, October 28, 2024, after the close of the U.S. market. You are invited to participate in the Company's conference call hosted by senior management on October 28, 2024, at 5:00 PM ET. Their prepared remarks will be followed by a question-and-answer session. 3Q24 Conference Call Date & Time: Monday, October 28, 2024, at 5:00 PM ET To participate on the day of the call, dial 1-844-792-3734, or internationally 1-412-317-5126, approximately ten minutes bef
—Second Quarter Sales Growth Led by Premium Products— —Gross Margin Expansion Driven by Higher Utilization and Production Efficiencies— —Guiding to Third Quarter Revenues of $220 million to $230 million— —Full Year Sales Guidance Adjusted to Reflect Softness in Entry-Level Consumer Demand and Uncertain Economic Outlook; Maintains Full Year EBITDA Margin Guidance of 30% to 30.5%— Trex Company, Inc. (NYSE:TREX), the world's largest manufacturer of high-performance, low-maintenance composite decking and railing, and a leading brand of outdoor living products, today announced financial results for the second quarter of 2024. Second Quarter Financial 2024 Highlights Net sales of $37
Trex Company, Inc. (NYSE:TREX), the world's largest manufacturer of high-performance, low-maintenance composite decking and railing, and a leading brand of outdoor living products, will issue its second quarter 2024 earnings release on Tuesday, August 6, 2024, after the close of the U.S. market. You are invited to participate in the Company's conference call hosted by senior management on August 6, 2024, at 5:00 PM ET. Their prepared remarks will be followed by a question-and-answer session. 2Q24 Conference Call Date & Time: Tuesday, August 6, 2024, at 5:00 PM ET To participate on the day of the call, dial 1-844-792-3734, or internationally 1-412-317-5126, approximately ten minutes
Robust First Quarter Sales Reflect Double-Digit Sell-Through for Premium Products and Early Buy Program Gross Margin Expansion Driven by Higher Utilization and Cost Efficiencies Guiding to Second Quarter Revenues of $380 million to $390 million Reaffirms Full Year 2024 Guidance Trex Company, Inc. (NYSE:TREX) (Trex or Company), the world's #1 brand of high-performance, low-maintenance and eco-friendly composite decking and railing and a leading brand in outdoor living products, today announced financial results for the first quarter of 2024. First Quarter Financial 2024 Highlights Net sales of $374 million Gross margin of 45.4% Net income of $89 million and diluted earning
Trex Company, Inc. (NYSE:TREX), the world's #1 brand of high-performance, low-maintenance and eco-friendly composite decking and railing and a leader in outdoor living products, will issue its first quarter 2024 earnings release on Thursday, May 9, 2024, after the close of the U.S. market. You are invited to participate in the Company's conference call hosted by senior management on May 9, 2024, at 5:00 PM ET. Their prepared remarks will be followed by a question-and-answer session. 1Q24 Conference Call Date & Time: Thursday, May 9, 2024, at 5:00 PM ET To participate on the day of the call, dial 1-844-792-3734 or internationally 1-412-317-5126 approximately ten minutes before the call
Strong Fourth Quarter Sales Cap a Year of Resilient Consumer Demand for Trex Decking & Railing Full Year Gross Margin Expanded By 480 Basis Points 2024 Guidance Anticipates Double-Digit Sales Growth and Further Margin Expansion Trex Company, Inc. (NYSE:TREX) (Trex or Company), the world's #1 brand of high-performance, low-maintenance and eco-friendly decking and railing and a leader in outdoor living products, today announced financial results for its fourth quarter and full year 2023. Fourth Quarter and Full Year 2023 Highlights Quarterly net sales of $196 million; Full year net sales of $1.1 billion. Fourth quarter gross margin of 36.1%; Full year gross margin of 41.3%. Q
Trex Company, Inc. (NYSE:TREX), the world's #1 brand of high-performance, low-maintenance and eco-friendly composite decking and railing and a leader in outdoor living products, will issue its fourth quarter 2023 earnings release on Monday, February 26, 2024, after the close of the U.S. market. You are invited to participate in the Company's conference call hosted by senior management on February 26, 2024, at 5:00 PM ET. Their prepared remarks will be followed by a question-and-answer session. 4Q23 Conference Call Date & Time: Monday, February 26, 2024, at 5:00 PM ET To participate on the day of the call, dial 1-844-792-3734 or internationally 1-412-317-5126 approximately ten minutes
Resilient Consumer Demand Drives Robust Sales Growth Improved Volume and Cost Out Program Generated Strong Profit Growth Raising Full Year 2023 Revenue and Adjusted EBITDA Guidance Trex Company, Inc. (NYSE:TREX), the world's #1 brand of high-performance, low-maintenance and eco-friendly decking and railing and a leader in outdoor living products, today reported third quarter 2023 results. Third Quarter 2023 Highlights Net sales of $304 million Gross margin of 43.1%; 41.8% excluding $3.8 million warranty reserve benefit Net income of $65 million and diluted earnings per share of $0.60 Adjusted EPS of $0.57 excluding the warranty reserve benefit Adjusted EBITDA of $96 m
Trex Company, Inc. (NYSE:TREX), the world's #1 brand of high-performance, low-maintenance and eco-friendly composite decking and railing and a leader in outdoor living products, will issue its third quarter 2023 earnings release on Monday, October 30, 2023, after the close of the U.S. market. You are invited to participate in the Company's conference call hosted by senior management on October 30, 2023 at 5:00 PM ET. Their prepared remarks will be followed by a question and answer session. 3Q23 Conference Call Date & Time: Monday, October 30, 2023 at 5:00 PM ET To participate on the day of the call, dial 1-844-792-3734 or internationally 1-412-317-5126 approximately ten minutes before
Trex Company, Inc. (NYSE:TREX), the world's largest manufacturer of wood-alternative decking and railing and a leader in high-performance, low-maintenance outdoor living products, announced that Dr. Anand Kangala, has joined Trex as its new Vice President and Chief Information Officer effective today. As a member of the Trex leadership team, Dr. Kangala will lead global IT functions and enterprise technology strategy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241118130372/en/Dr. Anand Kangala, Vice President and Chief Information Officer, Trex Company, Inc. (Photo: Business Wire) "As a high growth company, we are committed
Heat-mitigating* Technology Now Available at Even Cooler Price Points Trex Company (NYSE:TREX), the world's largest manufacturer of wood-alternative decking and railing, and a leader in high-performance, low-maintenance outdoor living products, is expanding performance and aesthetic options for homeowners with the addition of two new colors to the brand's popular Trex Enhance® decking line – both featuring heat-mitigating* technology coupled with affordability. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240904006750/en/Tide Pool is one of two new colors to join the Trex Enhance® decking collection. (Photo: Business Wire) "
Trex Company, Inc. (NYSE:TREX), the world's largest manufacturer of high-performance, low-maintenance composite decking and railing, and a leading brand of outdoor living products, announced the appointment of executive Chris Keffer as a new independent member of its Board of Directors, effective August 15, 2024. Mr. Keffer brings 30 years of leadership experience in the power tool industry, serving both the professional and consumer markets. In 2023, he was named President and Chief Executive Officer of STIHL Inc., the U.S. affiliate of the STIHL Group, the world's top-selling brand of chainsaws. At their Virginia-based operations, Mr. Keffer is responsible for the manufacturing, distrib
Trex Company, Inc. (NYSE:TREX), the world's #1 brand of high-performance, low-maintenance and eco-friendly composite decking and railing and a leader in outdoor living products, today announced that it has named Brenda Lovcik Senior Vice President and Chief Financial Officer effective October 23, 2023. Mrs. Lovcik has over 25 years of demonstrated financial and operational success with high-profile publicly traded companies. Most recently she served as Chief Financial Officer, Global Products, Global Supply Chain and Global FP&A at Johnson Controls, Inc. Prior to that she had a successful 20-year career and held multiple senior financial roles at Medtronic, Inc. In her most recent positio
Trex Company, Inc. (NYSE:TREX), the world's #1 brand of high-performance, low-maintenance and eco-friendly composite decking, railing and outdoor living products, announced today the appointment of human resources executive Melkeya McDuffie as a new independent member of its Board of Directors effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230424005212/en/Trex Company Appoints Human Resources Leader Melkeya McDuffie to its Board of Directors (Photo: Business Wire) Ms. McDuffie is an accomplished executive and leader with a long career in human capital and general business management. She is currently Execu
MINNEAPOLIS, Jan. 05, 2022 (GLOBE NEWSWIRE) -- Trex Commercial, a leading national provider of architectural railing systems, has expanded its U.S. sales force with the appointment of two new regional sales representatives. Michael Angelo Scalze and Kyle Jorgenson share responsibility for the Midwest region working together to grow business, drive sales and nurture relationships with specifiers and project managers in the commercial arena. They report to Tim White, vice president of sales for Trex Commercial. "The Midwest is one of the most active regions for commercial building right now and it is critical that Trex Commercial be well represented and connected," stated White. "These me
WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company, Inc. (NYSE:TREX), the world’s #1 brand of composite decking and railing and leader in high-performance, low-maintenance and eco-friendly outdoor living products and a leading national provider of custom-engineered commercial railing systems, today announced the appointment of Gena C. Lovett as a new independent member of its Board of Directors. Ms. Lovett is a seasoned operations executive with an extensive career in manufacturing at marquee companies. Most recently she served as Vice President of Operations for The Boeing Company’s defense sector, a $30 billion organization. Prior to that role, Ms. Lovett was Director of Manufacturin
Stephens downgraded Trex from Overweight to Equal-Weight and set a new price target of $72.00 from $115.00 previously
Loop Capital downgraded Trex from Buy to Hold and set a new price target of $75.00 from $95.00 previously
JP Morgan upgraded Trex from Underweight to Neutral and set a new price target of $79.00 from $62.00 previously
Barclays downgraded Trex from Equal Weight to Underweight and set a new price target of $74.00 from $66.00 previously
Wolfe Research initiated coverage of Trex with a rating of Peer Perform
Goldman initiated coverage of Trex with a rating of Buy and set a new price target of $78.00
Citigroup initiated coverage of Trex with a rating of Neutral and set a new price target of $72.00
BofA Securities upgraded Trex from Neutral to Buy and set a new price target of $66.00 from $54.00 previously
Loop Capital upgraded Trex from Hold to Buy and set a new price target of $64.00 from $55.00 previously
BofA Securities upgraded Trex from Underperform to Neutral and set a new price target of $54.00 from $47.00 previously
Trex Co (NYSE:TREX) has outperformed the market over the past 10 years by 16.72% on an annualized basis producing an average annual return of 27.72%. Currently, Trex Co has a market capitalization of $8.86 billion. Buying $1000 In TREX: If an investor had bought $1000 of TREX stock 10 years ago, it would be worth $12,161.06 today based on a price of $81.55 for TREX at the time of writing. Trex Co's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and revi
Barclays analyst Matthew Bouley maintains Trex Co (NYSE:TREX) with a Underweight and lowers the price target from $94 to $81.
Citigroup analyst Anthony Pettinari maintains Trex Co (NYSE:TREX) with a Neutral and lowers the price target from $94 to $80.
Loop Capital analyst Jeffrey Stevenson maintains Trex Co (NYSE:TREX) with a Buy and lowers the price target from $110 to $95.
Goldman Sachs analyst Susan Maklari maintains Trex Co (NYSE:TREX) with a Buy and lowers the price target from $114 to $93.
Trex Co's (NYSE:TREX) short percent of float has risen 6.53% since its last report. The company recently reported that it has 5.38 million shares sold short, which is 5.71% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.47 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is imp
Across the recent three months, 5 analysts have shared their insights on Trex Co (NYSE:TREX), expressing a variety of opinions spanning from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 3 1 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 1 1 0 3M Ago 0 0 1 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $98.8, with a high estimate of $110.00 and a low estimate of $80.00. Experiencing a 1.59% dec
DA Davidson analyst Kurt Yinger maintains Trex Co (NYSE:TREX) with a Neutral and lowers the price target from $89 to $80.
Shares of Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) fell sharply during Friday's session after the company announced pricing of $6.0 million public offering. Kaival Brands priced its 3,921,500 unit offering at $15.3 per unit. Kaival Brands Innovations Group shares dipped 47% to $1.52 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers American Rebel Holdings, Inc. (NASDAQ:AREB) shares jumped 161% to $0.8048 after the company signed a Connecticut distribution agreement with Dichello Distributors. Sharecare, Inc. (NASDAQ:SHCR) jumped 74% to $1.35 after the company agreed to be acquired by Altaris affiliate for $1.43 per share in cash.