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MarketScreener Homepage  >  Equities  >  Nyse  >  Trex Company, Inc.    TREX

TREX COMPANY, INC.

(TREX)
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Trex Commercial Products Shines as Part of New SoFi Stadium

11/30/2020 | 09:05am EST

MINNEAPOLIS, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Describing SoFi Stadium in Inglewood, Calif., warrants some superlatives. The largest venue in the NFL, the new home to the Los Angeles Rams and the Los Angeles Chargers football teams spans more than 3 million square feet and has a seating capacity of 70,000-plus seats, expandable up to 100,000 for special events. It also marks the biggest commercial railing project ever undertaken by Trex Commercial Products, which custom designed and engineered an unprecedented 73,000 linear feet of railing for the facility.

“The sheer size of this project was unlike anything we have taken on before,” said Laura Rygielski Preston, president of Trex Commercial Products, a leading national provider of architectural railing systems. “In total, our team designed, developed and deployed the equivalent of 14 miles of railing, featuring nine different styles in 125 different configurations.”

Trex Commercial Products’ railing can be found both inside and outside the stadium, from the seating bowl and suites to the concourse and vomitorium areas, as well as the monument stairs and canyons on each side of the facility. Cable, glass, aisle and cane rail in sleek, sturdy aluminum complement the stadium’s contemporary architecture, while drink rails add convenient function to VIP, ADA and standing spectator areas.

For the install, more than 1,500 pallets of railing material were sent to the job site – an average of 2-3 pallets per day over 20 months. Upon completion, the stadium’s railing elements commanded more than 10,000 design hours, 13,000 production hours and a continuous crew of between 20-40 installers.

A distinguishing aspect of this project is the strategic integration of LED lighted rail. More than 5,000 linear feet of multi-line LED Aisle Rail add safety and ambiance to the massive seating bowl area. Combined with 3,000 linear feet of LED Site Rail, SoFi Stadium features the most LED railing Trex Commercial Products has used in any project.

“The lighted rail really enhances and elevates the sophistication of the stadium,” noted Rygielski Preston. “It’s visually stunning, especially at night. We can’t wait for fans to see it once live attendance resumes.”

SoFi Stadium opened in September 2020 and is an unparalleled sports and entertainment destination. The state-of-the-art facility is slated to host a variety of high-profile events, including Super Bowl LVI in 2022, the College Football Championship Game in 2023, and the Opening and Closing Ceremonies of the Olympic Games in 2028. The stadium is the centerpiece of Hollywood Park, a near 300-acre mixed-use development, which will feature retail, commercial office space, a hotel, residential units and outdoor park spaces.

To learn more about SoFi Stadium, visit www.sofistadium.com. For more information about Trex Commercial Products, visit www.trexcommercial.com.

About Trex Commercial Products
Trex Commercial Products, based in Minneapolis, Minn., is a national leader in architectural railings for commercial applications. The company engineers and markets pre-engineered railing systems, aluminum systems and custom railing solutions. Trex Commercial Products has built an industry-leading reputation for quality and dedication to customer service since 1990. To learn more about Trex Commercial Products, visit www.trexcommercial.com.

About Trex Company, Inc.
Trex Company, Inc. [NYSE: TREX] is the world’s largest manufacturer of high performance wood-alternative decking and railing, with more than 25 years of product experience. Stocked in more than 6,700 retail locations worldwide, Trex outdoor living products offer a wide range of style options with fewer ongoing maintenance requirements than wood, as well as a truly environmentally responsible choice. For more information, visit trex.com. You also can follow Trex on Twitter (@Trex_Company), Instagram (@trexcompany), Pinterest (trexcompany) or Houzz (trexcompany-inc), “like” Trex on Facebook or view product and demonstration videos on the brand’s YouTube channel (TheTrexCo).

Contact: Sara Tatay or Claire Vartabedian
L.C. Williams & Associates
800/837-7123 or 312/565-3900
statay@lcwa.com or cvartabedian@lcwa.com

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/5657a388-1ea3-4434-b9e6-ae852c608504

https://www.globenewswire.com/NewsRoom/AttachmentNg/2e1470bc-bb83-4bcb-8fcb-bbaf7064f2e7


Primary Logo

SoFi Stadium Interior

SoFi Stadium marks the biggest commercial railing project ever undertaken by Trex Commercial Products, which custom designed and engineered an unprecedented 73,000 linear feet of railing for the facility. Photo credit: Rich Fury
SoFi Stadium Exterior

SoFi Stadium, the largest venue in the NFL and new home to the Los Angeles Rams and the Los Angeles Chargers football teams, spans more than 3 million square feet and has a seating capacity of 70,000-plus seats, expandable up to 100,000 for special events. Photo credit: SoFi Stadium / Vantage Point Global, Inc.

© GlobeNewswire 2020
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Financials (USD)
Sales 2020 868 M - -
Net income 2020 174 M - -
Net cash 2020 117 M - -
P/E ratio 2020 59,1x
Yield 2020 -
Capitalization 10 554 M 10 554 M -
EV / Sales 2020 12,0x
EV / Sales 2021 10,3x
Nbr of Employees 1 332
Free-Float 81,9%
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 83,46 $
Last Close Price 91,15 $
Spread / Highest target 3,13%
Spread / Average Target -8,43%
Spread / Lowest Target -19,9%
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Managers and Directors
NameTitle
Bryan Horix Fairbanks President, Chief Executive Officer & Director
James E. Cline Chairman
Dennis Charles Schemm Chief Financial Officer & Vice President
Patricia B. Robinson Lead Independent Director
Jay M. Gratz Independent Director
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