Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

TREX COMPANY, INC.

(TREX)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Trex : Publishes 2019 Environmental, Social And Governance Report

share with twitter share with LinkedIn share with facebook
08/10/2020 | 09:24am EDT

Report Provides Insight into Leading Manufacturer's Practices and Priorities

WINCHESTER, Va., August 10, 2020 - Trex Company, Inc. (NYSE:TREX), the world's No. 1 brand of residential composite decking and railing, leader in high-performance, low-maintenance outdoor living products, and a leading national provider of custom-engineered commercial railing and staging systems, today published its 2019 Environmental, Social and Governance (ESG) Report in conjunction with the launch of a new Trex ESG Hub on the Company's website.

President and Chief Executive Officer Bryan Fairbanks commented, 'Our 2019 ESG Report highlights Trex Company's strong performance across environmental, social, governance and financial metrics. These accomplishments are aligned with the Company's values and reflect excellent execution on behalf of our leadership team and dedicated workforce.

'Environmental stewardship is embedded in the Trex DNA, and we continually seek ways to strengthen our legacy. Since inception, our decking products have been made with 95%+ recycled material content. Recycled consumer and industrial polyethylene film and reclaimed wood are the primary material sources for Trex decking.'

Highlights of the 2019 report include:

  • The environmental footprint for Trex decking has improved across all impact categories since the 2016 Life Cycle Analysis (LCA). This is particularly noteworthy given the increased production associated with the introduction of the new Trex Enhance® decking product, sourcing more materials to support higher volume, upgrading manufacturing operations, and improving output on legacy product lines.
  • The launch of NexTrex™, a groundbreaking polyethylene collection program, has expanded the reach of the Company's recycling initiatives and increased its base of participating retailers and consumers.
  • The Company used more than 850 million pounds of polyethylene film and reclaimed wood fibers in its products in 2019.
  • Closed-loop water recirculation systems added to the Company's manufacturing facilities in Virginia and Nevada recycled approximately 99% of the water used in 2019.
  • Safety programs resulted in a 24% reduction in recordable incident rates.
  • A 25% increase in retention of hourly workers during a period of very low unemployment rates.

'Looking ahead, our strategic objective to accelerate the conversion from wood decking to sustainable Trex composite decking will result in more plastic being diverted from landfills and allow us to employ more people, which, in turn, will benefit the communities in which we operate,' Fairbanks noted.

To learn more about Trex's ESG policies, initiatives and performance, please read the full 2019 Environmental, Social and Governance Report.

About Trex Company

Trex Company 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 an environmentally responsible choice. Also, Trex is a leading national provider of custom-engineered railing and staging systems for the commercial and multi-family market, including performing arts venues and sports stadiums. For more information, visit trex.com.

Contact: Lynn Morgen | Viktoriia Nakhla
ADVISIRy Partners
212-750-5800

Disclaimer

Trex Company Inc. published this content on 10 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2020 13:23:19 UTC


share with twitter share with LinkedIn share with facebook
All news about TREX COMPANY, INC.
10/12TREX : Announces Timing of Third Quarter 2020 Earnings Release and Conference Ca..
BU
10/07TREX : Wins 2020 Sustainability Award for Organizational Leadership
AQ
10/07Trex Company Wins 2020 Sustainability Award for Organizational Leadership
GL
10/05TREX : Plastic Film Challenge Teaches Students the Rewards of Recycling
AQ
10/05Trex Plastic Film Challenge Teaches Students the Rewards of Recycling
GL
09/15TREX : 2-For-1 Stock Split Becomes Effective Today
BU
09/15TREX COMPANY, INC. : SPLIT: 2 of 1
FA
09/14From a Small Staging Company to the “Big Stage” Trex Commercial P..
GL
09/08TREX : Announces September 2020 Investor Conference Schedule
BU
09/01Trex Hammers the Competition in Two Industry Awards Programs
GL
More news
Financials (USD)
Sales 2020 827 M - -
Net income 2020 169 M - -
Net cash 2020 118 M - -
P/E ratio 2020 51,5x
Yield 2020 -
Capitalization 8 645 M 8 645 M -
EV / Sales 2020 10,3x
EV / Sales 2021 9,18x
Nbr of Employees 1 332
Free-Float 81,9%
Chart TREX COMPANY, INC.
Duration : Period :
Trex Company, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TREX COMPANY, INC.
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 74,68 $
Spread / Highest target 13,8%
Spread / Average Target -1,70%
Spread / Lowest Target -17,0%
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
Sector and Competitors
1st jan.Capitalization (M$)
TREX COMPANY, INC.66.18%8 802
ASSA ABLOY AB-0.96%27 520
SAINT-GOBAIN0.25%23 575
MASCO CORPORATION16.92%14 693
FORTUNE BRANDS HOME & SECURITY, INC.34.11%12 106
BEIJING NEW BUILDING MATERIALS PUBLIC LIMITED COMPANY51.55%9 758