Second Quarter 2020 Conference Call and Webcast Information. ... Trex Company’s 2-For-1 Stock Split … EBITDA increased 34.9% to $126 million, and EBITDA margin expanded 570 basis points year-over-year to 30%. ... September 01, 2020. WINCHESTER, Va.--(BUSINESS WIRE)--Aug 3, 2020--. “Reflecting our continued positive outlook, the Trex Board of Directors has approved a 2-for-1 stock split of the Company’s common shares. Trex Residential Products gross margin was 44%, compared to 41% in the first half of 2019. In addition to the financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), we use the non-GAAP financial measure of earnings before interest, income taxes, depreciation and amortization (EBITDA) and EBITDA as a percentage of net sales, EBITDA margin, to assess performance. And it … “For the third quarter of 2020, we expect consolidated net sales of approximately $215 million to $225 million, representing 13% year-over-year growth at the midpoint. 3 0 obj Trex Company, Inc. (NYSE:TREX), the world’s number-one brand of composite decking and railing and leader in high-performance, low-maintenance outdoor living products, and a leading national provider of custom-engineered commercial railing systems, today reported financial results for the second quarter ended June 30, 2020. The Payable Date is September 14, 2020. Trex Residential Products sales were up 10% to $396 million, with Trex Commercial Products contributing an additional $25 million. TREX's third split took place on September 15, 2020. This was a 2 for 1 split, meaning for each share of TREX owned pre-split, the shareholder now owned 2 shares. Reflecting our positive outlook, the Trex Board of Directors has approved a two-for-one stock split of the company's common shares. The newly minted shares were payable to shareholders after the market closes on Friday, September 11th 2020. Sep. 8, 2020, 02:00 PM. ... September 8, 2020 8:00 AM EDT. 7 0 obj Trading for nearly $1,400, it’s become a mighty-pricey stock. Trex Company, Inc. (TREX) has announced a 2 for 1 stock split. Stock Split Calendar ; Ratings. Trex Company Announces September 2020 Investor Conference Schedule. %âãÏÓ The 80-basis point expansion in Trex Residential gross margin was primarily due to improved throughput and reduced material costs in our Enhance product line, partially offset by startup costs for the new capacity in Nevada. 1 by trade professionals for “brand familiarity,” “brand used in the past two years,” “brand quality,” and “brand used most” in the Builder Magazine Brand Use Study. Tags Market News TREX. Trex Residential Products sales increased 8% year-over-year to $209 million, with Trex Commercial Products contributing $12 million. The Ex-distribution Date is September 15, 2020. Trex Enhance ® Basics and Naturals decking has significantly expanded the size of our addressable market and has accelerated our ability to take share from wood, while Trex Transcend ® and Trex Select ® decking continued to gain market share. Detailed statistics for Trex Company (TREX) stock, including valuation metrics, financial numbers, share information and more. Net income was $90 million, or $1.54 per diluted share, for the first half of 2020, compared to net income of $67 million, or $1.14 per diluted share, for the first half of 2019. The stock split will be in the form of a stock dividend to be distributed on September 14, 2020 to shareholders of record at the close of business on August 19, 2020," Mr. Fairbanks concluded. Build your dream deck with Trex, the world's best high-performance composite decking brand. Today, the 15/09/2020, Trex Company, Inc. (TREX) underwent a stock split with a ratio of 1:2. For more information, visit trex.com. <>/Metadata 2 0 R/ViewerPreferences 6 0 R>> TREX COMPANY, INC. - 2 FOR 1 STOCK SPLIT OPTION SYMBOL: TREX View source version on businesswire.com:https://www.businesswire.com/news/home/20200803005570/en/, KEYWORD: DISTRICT OF COLUMBIA VIRGINIA UNITED STATES NORTH AMERICA, INDUSTRY KEYWORD: OTHER MANUFACTURING COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY FINANCE PROFESSIONAL SERVICES MANUFACTURING BUILDING SYSTEMS ARCHITECTURE RESIDENTIAL BUILDING & REAL ESTATE, PUB: 08/03/2020 04:01 PM/DISC: 08/03/2020 04:01 PM, http://www.businesswire.com/news/home/20200803005570/en. After the Tesla Stock Split: 2 "Splits" to Avoid, and 1 to Watch. “First half results give us confidence that 2020 will be another year of strong growth for Trex. “Before commenting on our results, we want to recognize the tremendous efforts of the Trex team in ensuring that we were able to remain fully operational in a safe and effective manner and drive high single-digit sales growth during these challenging times. An investor that had 100 shares of Trex stock prior to the split would have 200 shares after the split. The 2-1 split was announced on Monday, August 3rd. OCC Documents filed with the Securities and Exchange Commission by the Company, including in particular its latest annual report on Form 10-K and quarterly reports on Form 10-Q, discuss some of the important factors that could cause the Company’s actual results to differ materially from those expressed or implied in these forward-looking statements. xœ½\kOIýŽÄhiWZ{Š®wwE Prices shown are actual historical values and are not adjusted for either splits or dividends. Shares rose 2% late after closing up 3.6% to 144.40 on the stock market today.Trex stock hit a record high and is now modestly above its buy zone after breaking out of a … An additional $ 25 million shares will be in … Trex Company Announces September 2020 to the.... Is the world ’ s inception in 2009 Trex Company, Inc. common stock Trex!, financial numbers, share information and more has approved a two-for-one stock …. ) underwent a stock split is present Commercial gross margin was 44 % compared. 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