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

TREX COMPANY, INC.

(TREX)
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Trex Names New President of Commercial Products Division

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07/27/2020 | 12:01pm EDT

WINCHESTER, Va., July 27, 2020 (GLOBE NEWSWIRE) -- Trex Company, Inc. (NYSE:TREX) announces the appointment of Laura Rygielski Preston as president of Trex Commercial Products, Inc. Effective today, Rygielski Preston takes over management of the company’s commercially focused subsidiary, which includes two Minneapolis-based businesses – Trex Commercial Products, a national leader in architectural railing systems, and Staging Concepts, a leading provider of portable staging solutions.

Rygielski Preston brings with her more than 25 years of experience as a sales and operations executive with large global companies. Most recently, she served as Vice President and General Manager of a $200 million business with Trane, Inc, a subsidiary of Ingersoll Rand, where she succeeded in driving record sales growth and implementing lean manufacturing processes. Rygielski Preston began her career with Trane in 2006 and served in a variety of sales and operations management roles during her 15-year tenure with the company. Previously, she held progressively more responsible sales and strategic planning positions at Johnson Controls where she worked from 1991 to 2006.

“We are very pleased to welcome Laura to our leadership team,” said Bryan Fairbanks, president and CEO of Trex Company. “Her well-rounded background and proven management skills make her an excellent fit to drive growth while implementing operating efficiencies and continuing to achieve synergies with Trex Residential Products.”

“This is an excellent opportunity to utilize the extensive sales and operating experience I have gained throughout my career,” noted Rygielski Preston. “Trex Commercial Products and Staging Concepts have industry-leading engineering and design capabilities that can be leveraged to gain additional market share and improved financial performance. I look forward to working with the teams to achieve these goals.”

Rygielski Preston earned a bachelor’s degree in Business Administration, Finance and Business Economics from the University of Notre Dame and an MBA in Global Business from the University of Manchester in the U.K.

For more information about Trex Commercial Products, visit www.trexcommercial.com.

About Trex Commercial Products
Based in Minneapolis, Minn., Trex Commercial Products, Inc., is a wholly-owned subsidiary of Trex Company, Inc. The division is comprised of two distinct business units that serve the commercial building arena. Trex Commercial Products (www.trexcommercial.com) is a national leader in engineering architectural railings for commercial applications. Staging Concepts (www.stagingconcepts.com) is a leading international provider of portable staging solutions. Acquired by Trex Company in 2017, both companies were founded in 1990 and have industry-leading reputations for engineering innovation, quality and customer service.

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 (@TrexCompany) or view product and demonstration videos on the brand’s YouTube channel (TheTrexCo).

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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7c5e0a2b-b986-4213-9a4a-1fd4fd584867

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Laura Rygielski Preston

Laura Rygielski Preston Takes the Helm at Trex Commercial Products
© GlobeNewswire 2020

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Financials (USD)
Sales 2020 827 M - -
Net income 2020 169 M - -
Net cash 2020 118 M - -
P/E ratio 2020 52,4x
Yield 2020 -
Capitalization 8 802 M 8 802 M -
EV / Sales 2020 10,5x
EV / Sales 2021 9,36x
Nbr of Employees 1 332
Free-Float 81,9%
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Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 73,41 $
Last Close Price 76,04 $
Spread / Highest target 11,8%
Spread / Average Target -3,46%
Spread / Lowest Target -18,5%
EPS Revisions
Managers
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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