Company Is First in the Wood-Alternative Decking Industry to Obtain Recognition
WINCHESTER, Va., Jul 15, 2010 (BUSINESS WIRE) --
Trex Company, the nation's largest manufacturer of wood-alternative decking, railing and fencing, has received a Verification of Attributes Report (VAR-1011) from the International Code Council Evaluation Service(R) (ICC-ES) under the Sustainable Attributes Verification and Evaluation (SAVE) Program(TM).
The VAR provides independent, third-party confirmation th...
WINCHESTER, Va., Jul 14, 2010 (BUSINESS WIRE) --
Trex Company, Inc. (NYSE: TREX), manufacturer of Trex(R) decking and railing, will release its second-quarter-2010 results before the NYSE opens for regular trading on Tuesday, August 3, 2010.
The company will hold its quarterly earnings conference call at 10:00 a.m. ET on August 3, 2010. To participate in the live earnings call by telephone, please dial 706-634-1218 and reference conference ID #83714567. A live webcast of the conference call...
Market Demand for Trex Transcend(R) Very Strong
Retrofitting Additional Transcend Manufacturing Lines
Solid Second Quarter Sales Expected
WINCHESTER, Va., Apr 30, 2010 (BUSINESS WIRE) --Trex Company, Inc. (NYSE: TREX), manufacturer and distributor of Trex(R)
decking, railing, fencing and trim, today announced financial results
for the first quarter ended March 31, 2010.
Net sales for the first quarter of 2010 totaled $66.3 million compared
to net sales of $67.7 mi...
WINCHESTER, Va., Apr 19, 2010 (BUSINESS WIRE) --Trex Company, Inc. (NYSE: TREX), manufacturer of Trex(R) decking and
railing, will release its first-quarter-2010 results before the NYSE
opens for regular trading on Friday, April 30, 2010.
The company will hold its quarterly earnings conference call at 10:00
a.m. ET on April 30, 2010. To participate in the live earnings call by
telephone, please dial 706-634-1218 and reference conference ID #
68645020. A...
Category Leader Noted for Superior Innovation, Design and
Performance
WINCHESTER, Va., Mar 29, 2010 (BUSINESS WIRE) --Trex(R) (NYSE: TREX), the nation's largest manufacturer of
wood-alternative decking, railing and fencing and trim products, is
building even stronger brand awareness and product demand within the
trade channel - as evidenced by the receipt of several recent
recognitions from respected publications aimed at builders, contractors
a...
WINCHESTER, Va., Mar 18, 2010 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE: TREX), the nation's leading manufacturer and
distributor of wood alternative decking, railing, fencing and trim,
announced that on March 15, 2010, the U.S. District Court for the
Northern District of California granted final approval to the settlement
of a class action suit filed in California by a group of plaintiffs'
class action law firms alleging certain product defects.
In the...
WINCHESTER, Va., Mar 15, 2010 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE: TREX), manufacturer of Trex(R) decking, railing, fencing and trim, is hosting an Analyst Day in Winchester, VA on Thursday, March 18, 2010. Presentations are scheduled to begin at approximately 8:30 AM ET.
The event will be webcast and can be accessed by visiting the Investor Relations section of the company's website at: http://investor.trex.com/phoenix.zhtml?c=86979&p=irol-irhome
An archived replay of the webcast...
Trex(R) RainEscape(R) Deck Drainage System Expands Outdoor Living Space, Adds ValueWINCHESTER, Va., Mar 01, 2010 (BUSINESS WIRE) -- TrexCompany announced that it has entered into a licensing
agreement with Colorado-based Dri-Deck Enterprises, LLC, to develop and
market an above joist deck drainage system called Trex(R) RainEscape(R).
The system creates a dry space beneath the deck that is suitable for the
installation of deck lighting, ceiling fans and finished ce...
Fourth-Quarter-2009 Sales Increase 75%
$20 Million of Cash on Balance Sheet and No Borrowings against Revolver at Year End
Trex Transcend(TM) Launch Executed on Schedule
WINCHESTER, Va., Feb 26, 2010 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE: TREX), manufacturer and distributor of Trex(R) decking, railing, fencing and trim, today announced financial results for the fourth quarter ended December 31, 2009.
Net sales for the fourth quarter of 2009 totaled $51.2 million compared to net sa...
Andrew U. Ferrari to Retire in May 2010Jay M. Gratz Appointed Lead Independent Director
WINCHESTER, Va., Feb 18, 2010 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE: TREX), manufacturer and distributor of Trex(R) decking, railing, fencing and trim, today announced its board of directors has named the company's president and chief executive officer, Ronald W. Kaplan, chairman of the board. The action will be effective on May 5, 2010 upon the retirement of Andrew U. Ferrari, who has served as ch...
Trex Company, Inc. (NYSE: TREX), manufacturer of Trex(R) decking and railing, will release its fourth-quarter and full-year 2009 results before the NYSE opens for regular trading on Friday, February 26, 2010.
The company will hold its quarterly earnings conference call at 10:00 a.m. ET on February 26, 2010. To participate in the live earnings call by telephone, please dial 706-634-1218 and reference conference ID #54057095. A live webcast of the conference call will be available to all investo...
WINCHESTER, Va., Jan 27, 2010 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE: TREX), the nation's leading manufacturer and
distributor of wood alternative decking, railing, fencing and trim,
today announced its participation in the following upcoming events in
the financial community:
-
Deutsche Bank Small- and Mid-Cap Conference
Date: February 8, 2010
...
New Decking and Railing Couples Enduring Beauty and Unmatched Performance
WINCHESTER, Va.--(BUSINESS WIRE)--Nov. 16, 2009-- The best has just gotten better. Already the established industry leader, Trex Company (NYSE: TWP) is expanding its portfolio of durable and beautiful outdoor living products with the new Trex Transcend™ decking and railing system. This revolutionary collection boasts an unprecedented combination of performance and aesthetics guaranteed to outperform wood, composite and P...
Enhanced One-inch Trex Contours®
and Trex Accents® Offer Product
Consistency
WINCHESTER, Va.--(BUSINESS WIRE)--Nov. 9, 2009--
Trex® recently announced the debut of one-inch
board profiles on two of its best-selling collections – Trex Accents®
and Trex Contours®. These enhancements were the direct
result of feedback from Trex's industry partners and set the stage for
larger changes to the overall Trex product portfolio &#...
Major New Decking Launch and Enhancement of Current Decking
Product Platform Underway
3Q Results Include Non-Cash Charge for Olive Branch Facility
$40 Million of Cash on Balance Sheet at Quarter-End
Symbol Change to TREX Effective November 23, 2009
WINCHESTER, Va.--(BUSINESS WIRE)--Nov. 9, 2009--
Trex Company, Inc. (NYSE: TWP), manufacturer and distributor of Trex®
decking, railing, fencing and trim, tod...
WINCHESTER, Va.--(BUSINESS WIRE)--Nov. 6, 2009--
Trex Company, Inc. (NYSE: TWP), the nation’s leading manufacturer and
distributor of wood alternative decking, railing, fencing and trim,
today announced that it has successfully refinanced its revolving credit
facility.
President and CEO Ron Kaplan commented, “The refinancing – which follows
our redemption in September 2009 of the $25 million principal
outstanding on...
WINCHESTER, Va.--(BUSINESS WIRE)--Oct. 15, 2009--
Trex Company, Inc. (NYSE:TWP), manufacturer of Trex® decking
and railing, will release its third-quarter-2009 results before the NYSE
opens for regular trading on Monday, November 9, 2009. The company will
hold its quarterly earnings conference call at 8:00 a.m. ET on November
9, 2009. These activities have been scheduled to coordinate with the
Trex 2009 Distributor Meeting, which will also be held th...
WINCHESTER, Va., Sep 09, 2009 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE: TWP), the nation's leading manufacturer and
distributor of wood alternative decking, railing, fencing and trim,
announced today that the U.S. Court of Appeals for the Federal Circuit
has affirmed a Federal District Court ruling that the Company does not
infringe patents owned by Ron Nystrom.
Mr. Nystrom commenced the litigation in 2001, when he alleged that the
Company's products a...
WINCHESTER, Va.--(BUSINESS WIRE)--Aug. 21, 2009--
Trex Company, Inc. (NYSE: TWP), the nation’s leading manufacturer and
distributor of wood alternative decking, railing, fencing and trim,
today announced that a notice of redemption has been sent to holders of
all Variable Rate Demand Environmental Improvement Revenue Bonds (Trex
Company, Inc. Project) Series 2004. The bonds, totaling $25 million and
issued by the Mississippi Business Finance Co...
WINCHESTER, Va.--(BUSINESS WIRE)--Aug. 11, 2009--
Trex Company, Inc. (NYSE: TWP), the nation’s leading manufacturer and
distributor of wood alternative decking, railing, fencing and trim,
today announced it will present at the following analyst or industry
conferences:
Canaccord Adams Global Growth ConferenceDate: August 12,
2009Time: 3:00 PM ETLocation: Boston, MAPresenters:
Ronald Kaplan, President & CEO...
WINCHESTER, Va.--(BUSINESS WIRE)--Jul. 31, 2009--
Trex Company, Inc. (NYSE: TWP), the nation’s leading manufacturer and
distributor of wood alternative decking, railing, fencing and trim,
announced today that it has entered into a Settlement Agreement that
will resolve a class action suit filed in California by a group of
plaintiffs’ class action law firms alleging certain product defects. The
settlement was preliminarily approved by the ...
WINCHESTER, Va.--(BUSINESS WIRE)--Jul. 29, 2009--
Trex Company, Inc. (NYSE: TWP), manufacturer and distributor of Trex®
decking, railing, fencing and trim, today announced financial results
for the second quarter ended June 30, 2009.
Net sales for the second quarter of 2009 totaled $91.5 million compared
to net sales of $95.0 million for the 2008 second quarter. The company
reported net income of $7.4 million, or $0.49 per diluted share, fo...
WINCHESTER, Va.--(BUSINESS WIRE)--Jul. 27, 2009--
Trex Company, Inc. (NYSE:TWP) today announced that the valuation
allowance related to its deferred tax assets was understated beginning
in December of 2007. The Company will therefore restate its financial
results for the years 2007 and 2008 and the first three months of 2009.
The restatements will have the cumulative effect of decreasing the
Company’s reported net income for 2007 thro...
WINCHESTER, Va.--(BUSINESS WIRE)--Jul. 13, 2009--
Trex Company, Inc. (NYSE: TWP), manufacturer of Trex® decking
and railing, will release its second-quarter-2009 results before the
NYSE opens for regular trading on Wednesday, July 29, 2009.
The company will hold its quarterly conference call at 10:00 a.m. ET on
July 29, 2009. To participate in the live call by telephone, please dial
706-634-1218 and reference conference ID #18436576. A live...
WINCHESTER, Va.--(BUSINESS WIRE)--Jun. 4, 2009--
With the economy still in decline, a large percentage of the nearly 40
million Americans who own decks might choose a “stay-cation” over a
vacation this summer – enjoying leisure time at home with family and
friends. However, homeowners with older wood decks may notice that their
decks are falling into disrepair and becoming more of an eyesore than a
warm weather oasis.
...
WINCHESTER, Va.--(BUSINESS WIRE)--May. 11, 2009--
Trex Company, Inc. (NYSE: TWP), manufacturer of Trex® decking and
railing, today announced the appointment of Richard E. Posey to a newly
created position on its Board of Directors.
Mr. Posey, 62, served as President and Chief Executive Officer of Moen
Incorporated, a leading manufacturer in the global faucet market, for
six years before retiring in 2007. Prior to joining Moen, Mr. Posey was...
WINCHESTER, Va.--(BUSINESS WIRE)--Apr. 30, 2009--
Trex Company, Inc. (NYSE: TWP), manufacturer and distributor of Trex®
decking, railing, fencing and trim, today announced financial results
for the first quarter ended March 31, 2009.
Net sales for the first quarter of 2009 totaled $67.7 million compared
to net sales of $119.5 million for the 2008 first quarter. The Company
reported a net loss for the 2009 first quarter of $3.1 million, or $...
WINCHESTER, Va--(BUSINESS WIRE)--Apr. 15, 2009--
Trex Company, Inc. (NYSE:TWP), manufacturer of Trex® decking
and railing, will release its first-quarter-2009 results before the NYSE
opens for regular trading on Thursday, April 30, 2009.
The company will hold its quarterly conference call at 10:00 a.m. ET on
April 30, 2009. To participate in the live call by telephone, please
dial 706-634-1218 and reference conference ID #94427625. A live w...
Achieves Gross Margin of 27.8%; Positive Cash Balance of $23.2 Million at Year-End
WINCHESTER, Va.--(BUSINESS WIRE)--Feb. 27, 2009--
Trex Company, Inc. (NYSE: TWP), manufacturer and distributor of Trex®
decking, railing, fencing and trim, today announced financial results
for the fourth quarter and fiscal year ended December 31, 2008.
For fiscal year 2008, Trex Company reported net sales of $329.2 million,
compared to net sales of $329.0 million fo...
WINCHESTER, Va.--(BUSINESS WIRE)--Feb. 9, 2009--
Trex Company, Inc. (NYSE: TWP), manufacturer of Trex® decking
and railing, will release its fourth-quarter and full-year 2008 results
before the NYSE opens for regular trading on Friday, February 27, 2009.
The company will hold its quarterly conference call at 10:00 a.m. ET on
Friday, February 27, 2009. To participate in the live call by telephone,
please dial 706-634-1218 and reference confere...
WINCHESTER, Va.--(BUSINESS WIRE)--Jan. 16, 2009--Trex Company, Inc. (NYSE: TWP), the nation's leading manufacturer and
distributor of wood alternative decking, railing, fencing and trim,
responded to a class action suit filed in Washington by a plaintiffs'
class action law firm alleging certain product defects.
In response to the claims of the case, which focus on product surface
flaking, Ronald Kaplan, president and CEO of Trex Company, noted that,...
Download full release as PDF file
Achieves Gross Margin of 27.6%; Positive Cash Balance of $42.8
Million at Quarter-End
WINCHESTER, Va.--(BUSINESS WIRE)--Oct. 29, 2008--Trex Company,
Inc. (NYSE: TWP), manufacturer and distributor of Trex(R) decking,
railing, fencing and trim, today announced financial results for the
third quarter ended September 30, 2008.
Net sales for the third quarter of 2008 totaled $85.4 million
compared to net sales of $64.0...
- Quarterly Conference Call to be Held Wednesday, October 29 at 10:00 a.m. ET -
WINCHESTER, Va.--(BUSINESS WIRE)--
Trex Company, Inc. (NYSE:TWP), manufacturer of Trex(R) decking and
railing, will release its third quarter 2008 results before the NYSE
opens for regular trading on Wednesday, October 29, 2008.
The company will hold its quarterly conference call at 10:00 a.m.
ET on Wednesday, October 29, 2008. To participate in the live call by
telephone, please dial 706-634-1218 and ...
Download full release as PDF file
Gross Margin Rises to 29.6%; Positive Cash Balance of $17.7 Million at Quarter-End
WINCHESTER, Va., Jul 30, 2008 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE: TWP), manufacturer and distributor of
Trex(R) decking, railing, fencing and trim, today announced financial
results for the second quarter ended June 30, 2008.
Net sales for the second quarter of 2008 totaled $95.0 million
compared to net sales of $118.8 million for the second quarter of
2007. T...
- Quarterly Conference Call to be Held Wednesday, July 30 at 10:00
a.m. ET -
WINCHESTER, Va.--(BUSINESS WIRE)--July 9, 2008--Trex Company, Inc.
(NYSE: TWP), manufacturer of Trex(R) decking and railing, will release
its second quarter 2008 results before the NYSE opens for regular
trading on Wednesday, July 30, 2008.
The company will hold its quarterly conference call at 10:00 a.m.
ET on Wednesday, July 30, 2008. To participate in the live call by
...
No Borrowings Against Revolver; Positive Cash Balance of $1.9
million as of May 5, 2008
WINCHESTER, Va.--(BUSINESS WIRE)--May 6, 2008--Trex Company, Inc.
(NYSE: TWP), manufacturer and distributor of Trex(R) decking, railing,
fencing and trim, today announced financial results for the first
quarter ended March 31, 2008.
Net sales for the first quarter of 2008 totaled $119.5 million,
compared to net sales of $115.9 million for the first quarter of 2007,
r...
- Quarterly Conference Call to be Held Tuesday, May 6 at 10:00
a.m. ET -
WINCHESTER, Va.--(BUSINESS WIRE)--April 28, 2008--Trex Company,
Inc. (NYSE:TWP), manufacturer of Trex(R) decking and railing, will
release its first quarter 2008 results before the NYSE opens for
regular trading on Tuesday, May 6, 2008.
The company will hold its quarterly conference call at 10:00 a.m.
ET on Tuesday, May 6, 2008. A live webcast of the conference call will
be...
The Average Eco-Friendly Trex(R) Deck Contains Approximately
140,000 Recycled Bags
WINCHESTER, Va.--(BUSINESS WIRE)--March 26, 2008--Ever wonder what
happens to all of those plastic grocery bags you recycle? You might be
pleasantly surprised to learn that more than 70 percent of them are
used by a company called Trex to manufacture decks, fencing and other
outdoor living products.
With nearly 100 billion plastic bags handed out annually in
grocery sto...
Popular Collection Offers New Color and Hidden Fastener System
WINCHESTER, Va.--(BUSINESS WIRE)--March 20, 2008--Known for its
unrivaled beauty and uncompromising quality, Trex Brasilia(R) decking
and railing takes its design inspiration from the exotic look of
tropical hardwoods. Building upon positive consumer response to this
collection, Trex introduced a new color and a new fastening system to
the Trex Brasilia collection at the 2008 International Builders' Show
(IBS).
Al...
WINCHESTER, Va.--(BUSINESS WIRE)--Feb. 26, 2008--Trex Company,
Inc. (NYSE: TWP), manufacturer and distributor of Trex(R) decking,
railing, fencing and trim, today announced financial results for the
fourth quarter and fiscal year ended December 31, 2007.
Net sales for the fourth quarter of 2007 totaled $30.3 million,
compared to net sales of $32.1 million for the fourth quarter of 2006.
The Company reported a net loss for the 2007 fourth quarter of $41.0
million, or $2.75 per dilu...
Board Members Anthony J. Cavanna and William H. Martin, III to RetireWINCHESTER, Va., Feb 25, 2008 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE: TWP), manufacturer of Trex(R) decking,
railing, fencing and trim, today announced the appointment of James E.
Cline as vice president and chief financial officer effective March
18, 2008.
Mr. Cline, age 56, served as president of Harsco GasServ, a global
manufacturer and distributor of control and containment products with
annual revenues of approx...
WINCHESTER, Va., Feb 22, 2008 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE: TWP), manufacturer and distributor of
Trex(R) decking, railing, fencing and trim, today announced it has
reduced its workforce by approximately 30 salaried employees. The
downsizing, which affected salaried employees at the Company's
corporate headquarters, R&D facility and Fernley, NV and Winchester,
VA manufacturing plants, will result in annual savings of
approximately $3.5 million.
President and Chief Executive...
Earnings Announcement and Conference Call Scheduled for February 26WINCHESTER, Va., Feb 06, 2008 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE: TWP), manufacturer of Trex(R) decking,
railing, fencing and trim, today announced that it expects net sales
for 2007 to total approximately $329 million. This preliminary net
sales level compares to the Company's most recent net sales guidance
of $335 to $345 million.
As the Company exited 2007, it became apparent that, due to an
aesthetic enhancemen...
WINCHESTER, Va., Jan 29, 2008 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE: TWP), manufacturer of Trex(R) decking,
railing, fencing and trim, today announced the appointment of F.
Timothy Reese to the newly created position of vice president,
operations, effective February 5, 2008. Mr. Reese will be responsible
for manufacturing, engineering and logistics.
"Tim is a proven leader with decades of experience in operations
and manufacturing," commented Ronald W. Kaplan, president and chief
ex...
Anthony J. Cavanna to Continue as Director and Interim CFO
WINCHESTER, Va.--(BUSINESS WIRE)--Jan. 2, 2008--Trex Company, Inc.
(NYSE: TWP), manufacturer of Trex(R) decking, railing, fencing and
trim, announced today that Ronald W. Kaplan has been appointed
president, chief executive officer and a director of Trex, effective
January 7, 2008. Andrew U. Ferrari, who previously served as CEO, has
been appointed chairman of the board, replacing Anthony J. Cavanna,
who will continue as a...
WINCHESTER, Va.--(BUSINESS WIRE)--Nov. 29, 2007--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) decking, railing and
fencing, today announced revised net sales guidance for 2007. The
Company now expects net sales to be in the range of $335 million to
$345 million ($350 million to $360 million before taking into account
its product replacement reserve). This revised guidance compares
favorably to the November 6, 2007 net sales guidance of $315 million
to $335 million. Projecte...
Trex Seclusions(R) Fencing Selected for 41 Mile Replacement
Project
WINCHESTER, Va.--(BUSINESS WIRE)--Nov. 21, 2007--Trex Company,
Inc. (NYSE: TWP) today announced the win of a multi-million dollar
contract to provide Trex Seclusions(R) fencing to the Highlands Ranch
Metro District of Colorado. This low-maintenance fencing - offering a
superior combination of privacy, durability and beauty - will be used
to replace the community's existing fencing, which is ...
Reports Increase in Quarterly and Year-to-Date Sales; Increases
Reserve for Product Replacement and Consumer Relations Costs
WINCHESTER, Va.--(BUSINESS WIRE)--Nov. 6, 2007--Trex Company, Inc.
(NYSE: TWP), manufacturer of Trex(R) decking, railing, fencing and
trim, today announced financial results for the third quarter ended
September 30, 2007. The Company's operating results for the 2007 third
quarter and the nine-month period were adversely affected by a $45
million increas...
-- Quarterly Conference Call to Be Held Tuesday, November 6 at
9:00 a.m. ET --
WINCHESTER, Va.--(BUSINESS WIRE)--Oct. 29, 2007--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, will
release its third quarter 2007 results before the NYSE opens for
regular trading on Tuesday, November 6, 2007.
The company will hold its quarterly conference call at 9:00 a.m.
ET on Tuesday, November 6, 2007. A live webcast of the conference c...
New Product Line Opens Promising New Market to Trex
WINCHESTER, Va.--(BUSINESS WIRE)--Oct. 26, 2007--Trex Company,
Inc. (NYSE: TWP) is introducing Trex Trim(TM), the Company's latest
innovation in low maintenance, wood replacement products designed for
easy living. Developed with proprietary cellular PVC technology, Trex
Trim provides builders, remodelers and homeowners a durable,
easy-to-work-with, paintable, routable, bendable option for
window/door surrounds, deck trim, soffitt...
Decking Leader Announces Initiatives at Annual Distributor Summit
to Extend Its Green Commitments, to Provide Product Donations and
Support Towards Revitalizing New Orleans
WINCHESTER, Va.--(BUSINESS WIRE)--Oct. 11, 2007--Trex Company,
Inc. (NYSE:TWP), the alternative decking category leader, announced
today new social and environmental responsibility initiatives to help
rebuild New Orleans with donations of time and decking products for
community venues that mark the city's cultu...
New PVC Product Line Makes Outdoor Living Easier
WINCHESTER, Va.--(BUSINESS WIRE)--Sept. 25, 2007--Trex Company,
Inc. (NYSE: TWP) is introducing "Trex Escapes(TM)", the Company's
newest, innovative decking product line. Developed with proprietary
cellular PVC technology, Trex Escapes provides enhanced stain, mold-
and scratch resistance with ultra-low maintenance. Trex Escapes will
begin shipping nationally in January in time for 2008 spring and
summer outdoor living projects.
...
Company Will Consolidate Operations into its Winchester, Virginia
and Fernley, Nevada Plants
WINCHESTER, Va.--(BUSINESS WIRE)--Sept. 13, 2007--Trex Company,
Inc. (NYSE: TWP) today announced that it has decided to suspend
operations at the Company's Olive Branch, Miss. facility for an
indeterminate amount of time, and will consolidate all manufacturing
operations into its other two plants which are located in Winchester,
Va., and Fernley, Nev. The Company has ...
WINCHESTER, Va.--(BUSINESS WIRE)--Sept. 10, 2007--Trex Company,
Inc. (NYSE: TWP) today announced that Chairman Anthony J. Cavanna will
serve as Trex's interim Chief Financial Officer as the company
conducts its search for a permanent CFO.
One of the original four executives who formed Trex in 1996 and
took the Company public in 1999, Mr. Cavanna has served as a director
since 1998, was executive vice president and chief financial officer
from 1998 through 2003, and served as chief...
WINCHESTER, Va.--(BUSINESS WIRE)--Aug. 24, 2007--Trex Company,
Inc. (NYSE: TWP) today announced that Paul Fletcher has resigned his
position as senior vice president and chief financial officer
effective September 7, 2007. Mr. Fletcher is leaving to accept a
position with a privately held technology company in the Washington,
D.C. area.
Chief Executive Officer Andrew U. Ferrari commented, "All of us at
Trex appreciate Paul's many contributions over the past six years and
extend o...
WINCHESTER, Va., Jul 31, 2007 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE: TWP), manufacturer of Trex(R) decking,
railing and fencing, today announced financial results for the second
quarter ended June 30, 2007.
Net sales for the second quarter of 2007 totaled $118.8 million,
compared to net sales of $121.5 million for the second quarter of
2006. The Company reported net income for the 2007 second quarter of
$2.6 million, or $0.17 per diluted share, compared to net income of
$7.5 million...
Anthony Cavanna to Continue as Chairman of the BoardWINCHESTER, Va., Jul 26, 2007 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE: TWP), manufacturer of Trex(R) decking,
railing and fencing, today announced that Anthony J. Cavanna will
retire as chief executive officer effective August 15, 2007. He will
be succeeded by Andrew U. Ferrari, president and chief operating
officer. Mr. Cavanna will continue as chairman of the board.
Mr. Ferrari, 60, was one of the four original executives who
founde...
Quarterly Conference Call to be Held Tuesday, July 31, at 10:00
a.m. ET
WINCHESTER, Va.--(BUSINESS WIRE)--July 18, 2007--Trex Company,
Inc. (NYSE:TWP), manufacturer of Trex(R) decking and railing, will
release its second quarter 2007 results before the NYSE opens for
regular trading on Tuesday, July 31, 2007.
The company will hold its quarterly conference call at 10:00 a.m.
ET on Tuesday, July 31, 2007. A live webcast of the conference call
wil...
WINCHESTER, Va., Jul 17, 2007 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE: TWP) today announced that the
underwriters of its recent offering of convertible senior subordinated
notes, which closed on June 18, 2007, have exercised their
over-allotment option with respect to the purchase of an additional
$12.5 million principal amount of its 6.00% Convertible Senior
Subordinated Notes due 2012. The purchase of these over-allotment
notes closed today.
The notes bear interest at an annual rate...
WINCHESTER, Va.--(BUSINESS WIRE)--June 13, 2007--Trex Company,
Inc. (NYSE: TWP) today announced that it has priced $85 million
principal amount of its 6.00% Convertible Senior Subordinated Notes
due 2012 through an underwritten public offering. The notes will bear
interest at an annual rate of 6.00% from June 18, 2007, payable
semi-annually on January 1 and July 1, commencing on January 1, 2008.
The closing of the offering is expected to occur on or about June 18,
2007, subject to the...
WINCHESTER, Va.--(BUSINESS WIRE)--June 11, 2007--Trex Company,
Inc. (NYSE: TWP) today announced that it intends, subject to market
and other conditions, to offer $85 million principal amount of
convertible senior subordinated notes due 2012 through an underwritten
public offering. Trex Company also expects to grant an over-allotment
option to the underwriters for up to an additional $10 million
principal amount of the notes. The notes will mature in five years and
will pay interest se...
WINCHESTER, Va.--(BUSINESS WIRE)--May 30, 2007--Trex Company, Inc.
(NYSE: TWP), manufacturer of Trex(R) decking, railing and fencing,
today announced that it expects net sales for the first half of 2007
to be in the range of $215 to $225 million and net income for the
first half of 2007 to be between $0.40 and $0.50 per diluted share.
For the full year 2007, the Company expects net sales to be in the
range of $330 to $350 million.
Chairman and Chief Executive Officer Anthony J. Ca...
WINCHESTER, Va.--(BUSINESS WIRE)--May 4, 2007--Trex Company, Inc.
(NYSE: TWP), manufacturer of Trex(R) decking, railing and fencing,
today announced financial results for the first quarter ended March
31, 2007.
Net sales for the first quarter of 2007 totaled $115.9 million,
compared to net sales of $105.3 million for the first quarter of 2006.
The Company reported net income for the 2007 first quarter of $3.7
million, or $0.25 per diluted share, compared to net income of $4.1
mil...
Quarterly Conference Call to be Held Friday, May 4 at 10:00 a.m. ET
WINCHESTER, Va.--(BUSINESS WIRE)--April 25, 2007--Trex Company,
Inc. (NYSE:TWP), manufacturer of Trex(R) decking and railing, will
release its first-quarter 2007 results before the NYSE opens for
regular trading on Friday, May 4, 2007.
The company has also scheduled its quarterly conference call for
10:00 a.m. ET on Friday, May 4, 2007. A live webcast of the conference
call wil...
WINCHESTER, Va.--(BUSINESS WIRE)--March 26, 2007--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, today
announced financial results for the fourth quarter and fiscal year
ended December 31, 2006.
Net sales for the fourth quarter of 2006 totaled $32.1 million,
compared to net sales of $44.0 million for the fourth quarter of 2005.
The Company reported a net loss for the 2006 fourth quarter of $13.8
million, or $0.93 per diluted share, compared to a net l...
Conference Call to be Held at 1:00 p.m. ET on Monday, March 26
WINCHESTER, Va.--(BUSINESS WIRE)--March 22, 2007--Trex Company,
Inc. (NYSE:TWP), manufacturer of Trex(R) decking and railing, will
release its fourth-quarter 2006 results before the market opens on
Monday, March 26, 2007.
The company has also scheduled its quarterly conference call for
1:00 p.m. ET on March 26, 2007. A live webcast of the conference call
will be available to all investors at the Trex Company websit...
WINCHESTER, Va.--(BUSINESS WIRE)--Feb. 23, 2007--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, today
announced the appointment of Jay M. Gratz to its Board of Directors.
Since 1999, Mr. Gratz, 54, has served as executive vice president
and chief financial officer of Ryerson, Inc., a metals processor and
distributor. He is also president of Ryerson Coil Processing Division
and serves as a director on the Boards of various domestic and
international en...
WINCHESTER, Va.--(BUSINESS WIRE)--Jan. 26, 2007--Trex Company,
Inc. (NYSE: TWP) today announced that, to correct certain errors, it
will restate the Company's financial results, including quarterly
results, for its fiscal years ended December 31, 2003 through 2005 and
its quarterly results for the first nine months of fiscal 2006.
The Company expects that the restatements will have the cumulative
effect of increasing the Company's reported net income for fiscal 2003
through 2005 b...
WINCHESTER, Va., Jan 12, 2007 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE: TWP) today announced it has entered into
an agreement with Lowe's Companies, Inc. (NYSE: LOW) to sell Trex(R)
decking and railing products. Beginning in the first quarter of 2007,
selected Trex(R) decking and railing products will be stocked
nationally in Lowe's stores, with the full product line available via
special order through Trex's existing distribution channels.
Chairman and Chief Executive Officer Anthony C...
WINCHESTER, Va.--(BUSINESS WIRE)--Jan. 3, 2007--Trex Company, Inc.
(NYSE: TWP) today announced the resignation of Robert G. Matheny from
its board of directors effective January 1, 2007. No replacement for
Mr. Matheny has yet been appointed to the board of directors.
Chairman and Chief Executive Officer Anthony Cavanna commented,
"We appreciate the many valuable contributions Bob made to Trex.
During the nine years in which he served as chief executive officer
and on the board of ...
WINCHESTER, Va.--(BUSINESS WIRE)--Nov. 1, 2006--Trex Company, Inc.
(NYSE: TWP), manufacturer of Trex(R) decking and railing, today
announced financial results for the third quarter ended September 30,
2006.
Net sales for the third quarter of 2006 totaled $78.1 million,
compared to net sales of $77.4 million for the third quarter of 2005.
The Company reported net income for the 2006 third quarter of $4.6
million, or $0.31 per diluted share, compared to net income of $5.2
million, ...
Business Editors
WINCHESTER, Va.--(BUSINESS WIRE)--Oct. 18, 2006--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, will
release its third-quarter 2006 results before the market opens on
Wednesday, November 1, 2006.
The company has also scheduled its quarterly conference call for
10:30 a.m. ET on November 1, 2006. A live webcast of the conference
call will be available to all investors at the Trex Company website at
www.trex.com. The call will also ...
WINCHESTER, Va.--(BUSINESS WIRE)--July 27, 2006--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, today
announced financial results for the second quarter ended June 30,
2006.
Net sales for the second quarter of 2006 totaled $121.5 million,
compared to net sales of $82.9 million for the second quarter of 2005,
which represents a 47% increase. The Company reported net income for
the 2006 second quarter of $7.1 million, or $0.47 per diluted share,
compar...
WINCHESTER, Va.--(BUSINESS WIRE)--July 13, 2006--Trex Company,
Inc. (NYSE: TWP), has won a 2006 Gold EFFIE(R) Award in the category
of Agricultural/Industrial/Building in a ceremony held recently in New
York City. The EFFIE Award recognizes advertising effectiveness, which
is measured by a campaign's ability to produce outstanding results in
the marketplace, along with demonstrating outstanding creativity and
visual impact. "We're honored to win the Gold EFFIE Award this year
for a ve...
WINCHESTER, Va.--(BUSINESS WIRE)--July 11, 2006--Trex Company,
Inc. (NYSE:TWP), manufacturer of Trex(R) decking and railing, will
release its second-quarter 2006 results before the NYSE opens for
regular trading on Thursday, July 27, 2006.
The company has also scheduled its quarterly conference call for
11:00 a.m. ET on Thursday, July 27, 2006. A live webcast of the
conference call will be available to all investors at the Trex Company
website at www.trex.com. The call will also b...
WINCHESTER, Va., Apr 27, 2006 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE: TWP), manufacturer of Trex(R)
decking and railing, today announced financial results for the first
quarter ended March 31, 2006.
Net sales for the first quarter of 2006 totaled $105.3 million,
compared to net sales of $89.9 million for the first quarter of 2005,
which represented a 17.1% increase. The Company reported net income
for the 2006 first quarter of $4.2 million, or $0.29 per diluted
share, compared to n...
WINCHESTER, Va.--(BUSINESS WIRE)--April 24, 2006--Trex Company,
Inc. (NYSE:TWP), manufacturer of Trex(R) decking and railing, will
release its first-quarter 2006 results before the NYSE opens for
regular trading on Thursday, April 27, 2006.
The company has also scheduled its quarterly conference call for
11:00 a.m. ET on Thursday, April 27, 2006. A live webcast of the
conference call will be available to all investors at the Trex Company
website at www.trex.com. The call will also...
WINCHESTER, Va.--(BUSINESS WIRE)--Feb. 16, 2006--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, today
announced financial results for the fourth quarter and full year ended
December 31, 2005.
Net sales for the fourth quarter of 2005 totaled $44.0 million,
compared to net sales of $29.6 million for the fourth quarter of 2004,
which represented a 49% increase. The Company reported a net loss for
the 2005 fourth quarter of $10.1 million, or $0.68 per dil...
WINCHESTER, Va.--(BUSINESS WIRE)--Feb. 13, 2006--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, today
announced the appointment of Frank Merlotti, Jr. to fill a newly
created position on the Board of Directors.
Mr. Merlotti, 55, joins the Board with almost 30 years of business
experience. Since 2002, he has served with Steelcase Inc., the global
leader in the office furniture industry, as the president of Steelcase
North America. In that capacity, he ...
WINCHESTER, Va.--(BUSINESS WIRE)--Feb. 13, 2006--
-- Quarterly Conference Call Also to be Held on February 16 --
Trex Company, Inc. (NYSE:TWP), manufacturer of Trex(R) decking and
railing, will release its fourth-quarter and year-end results before
the NYSE opens for regular trading on Thursday, February 16, 2006.
The company has also scheduled its quarterly conference call for
10:00 a.m. ET on Thursday, February 16, 2006. A live webcast of the
conference call wi...
WINCHESTER, Va.--(BUSINESS WIRE)--Oct. 26, 2005--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, today
announced its financial results for the third quarter ended September
30, 2005.
Net sales for the third quarter of 2005 totaled $77.4 million,
compared to $64.4 million for the third quarter of 2004. The Company
reported net income for the 2005 third quarter of $5.2 million, or
$0.35 per diluted share, compared to net income of $7.1 million, or
$0.48...
WINCHESTER, Va.--(BUSINESS WIRE)--Oct. 11, 2005--Trex Company,
Inc. (NYSE:TWP), manufacturer of Trex(R) decking and railing, will
release its third-quarter results after the NYSE close of regular
trading on Wednesday October 26, 2005. The company has scheduled an
analyst conference call for 11:00 a.m. ET on Thursday, October 27,
2005. A live webcast of the conference call will be available to all
investors at the Trex Company website at www.trex.com. The call will
also be simulcast at...
WINCHESTER, Va.--(BUSINESS WIRE)--Aug. 11, 2005--
Robert G. Matheny Retiring for Health Reasons
The Board of Directors of Trex Company, Inc. (NYSE: TWP),
manufacturer of Trex(R) decking and railing, today announced the
appointment of Anthony J. Cavanna as the Company's chairman and chief
executive officer. One of the original four executives who formed Trex
in 1996 and took the Company public in 1999, Mr. Cavanna has served as
a director since 1998 and was executive ...
WINCHESTER, Va.--(BUSINESS WIRE)--July 27, 2005--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, today
announced financial results for the second quarter ended June 30,
2005.
Net sales for the 2005 second quarter totaled $82.9 million,
compared to $83.4 million for the second quarter of 2004. The Company
reported a net loss for the 2005 second quarter of $1.0 million, or
$0.07 per diluted share, compared to net income of $11.1 million, or
$0.75 per dilu...
WINCHESTER, Va.--(BUSINESS WIRE)--July 21, 2005--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, will
release its second-quarter results after the NYSE close of regular
trading on Wednesday, July 27, 2005. The company has scheduled an
analyst conference call for 10:00 a.m. ET on Thursday, July 28, 2005.
A live webcast of the conference call will be available to all
investors at the Trex Company Web site at www.trex.com. The call will
also be simulcast at www.s...
WINCHESTER, Va., Jun 22, 2005 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE: TWP), manufacturer of Trex(R)
decking and railing, today announced that it expects net sales for the
second quarter of 2005 to be in the range of $75 million to $80
million, compared to $83.4 million for the second quarter of 2004. Net
sales for the first six months of 2005 are expected to be in the range
of $165 million to $170 million, which would represent an increase of
approximately 3-6% over the $159.7 million...
WINCHESTER, Va.--(BUSINESS WIRE)--June 2, 2005--Trex Company, Inc.
(NYSE: TWP) is the only building products manufacturer chosen for
BusinessWeek's "Hot Growth" List of the 100 Best Small Companies,
ranking #85. According to BusinessWeek, talent, teamwork, and
creativity powered BusinessWeek's Hot Growth stars of 2005.
BusinessWeek credits small companies with being a prime source of
innovation and boosting the sluggish economy by hooking consumers on
their distinctive goods and services....
WINCHESTER, Va.--(BUSINESS WIRE)--May 10, 2005--Trex Company, Inc.
(NYSE: TWP) has won the Emerging Growth Company Award from the
National Capital Chapter of the Association for Corporate Growth
(ACG). ACG selected Trex Company from a field of six entrants for its
consistent, sustainable and profitable growth. Over a three-year
period ending December 31, 2004, Trex Company earnings per share grew
at a compounded annual rate of 42%.
In presenting the award, Shiv Krishnan, President a...
WINCHESTER, Va., Apr 27, 2005 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE: TWP), manufacturer of Trex(R)
decking and railing, today announced financial results for the quarter
ended March 31, 2005.
Net sales for the 2005 first quarter totaled $89.9 million,
compared to net sales of $76.3 million for the first quarter of 2004.
Net income for the 2005 first quarter totaled $8.4 million, or $0.56
per diluted share, compared to $9.3 million, or $0.63 per diluted
share, for the 2004 first ...
WINCHESTER, Va.--(BUSINESS WIRE)--April 22, 2005--Trex Company,
Inc. (NYSE: TWP) is one of the first recipients of the Green(2)
Awards, which will be presented each Earth Day by Winslow Management
Company to companies that make positive contributions to both the
environment and to their shareholders. Winslow Management is a green
investing company that manages the Winslow Green Growth Fund. The
winners will receive their awards today, which marks the 35th Annual
Earth Day.
Trex Co....
WINCHESTER, Va., Apr 19, 2005 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE:TWP), manufacturer of Trex(R)
decking and railing, expects to release its first-quarter results
after the NYSE close of regular trading on Wednesday, April 27, 2005.
The company has scheduled an analyst conference call for 11:00 a.m. ET
on Thursday, April 28, 2005. A live webcast of the conference call
will be available to all investors at the Trex Company Web site at
www.trex.com. The call will also be simulcast at ...
WINCHESTER, Va.--(BUSINESS WIRE)--April 8, 2005--Trex Company
(NYSE: TWP) will present at the SunTrust Robinson Humphrey 34th Annual
Institutional Investor Conference to be held at the Ritz-Carlton,
Buckhead in Atlanta, Georgia. Chairman and Chief Executive Officer
Robert Matheny will discuss Trex Company's business strategy and
growth plans.
The live audio Web broadcast of the presentation will begin at
approximately 11:45 ET on Monday, April 11, 2005, and can be accessed
through ...
WINCHESTER, Va.--(BUSINESS WIRE)--April 7, 2005--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, today
announced that it expects net sales for the first quarter of 2005 to
be approximately $90 million, compared to $76.3 million for the first
quarter of 2004. The Company expects net income for the first quarter
of 2005 to be in the range $0.50 to $0.52 per diluted share, compared
to $0.63 in the first quarter of 2004.
The Company reaffirmed its previously...
WINCHESTER, Va.--(BUSINESS WIRE)--Feb. 17, 2005--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, today
announced financial results for the fourth quarter and fiscal year
ended December 31, 2004.
Net sales for the 2004 fourth quarter totaled $29.6 million
compared to $21.9 million for the 2003 fourth quarter. The net loss
decreased to $0.4 million, or $0.02 per diluted share, for the 2004
fourth quarter from a net loss of $0.8 million, or $0.05 per dilute...
WINCHESTER, Va.--(BUSINESS WIRE)--Jan. 31, 2005--Trex Company,
Inc. (NYSE:TWP), manufacturer of Trex(R) decking and railing, expects
to release its fourth-quarter and year-end results after the NYSE
close of regular trading on Thursday, February 17, 2005. The company
has scheduled an analyst conference call for 11:00 a.m. ET on Friday,
February 18, 2005. A live webcast of the conference call will be
available to all investors at the Trex Company Web site at
www.trex.com. The call will als...
WINCHESTER, Va.--(BUSINESS WIRE)--Dec. 16, 2004--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, today
announced that it has closed on a $25 million financing, the proceeds
of which will be used to fund a portion of the construction and
equipment costs associated with the Company's new manufacturing plant,
located in Olive Branch, Mississippi. The plant, Trex's third
manufacturing facility, will initially supplement existing operations
by serving markets in th...
WINCHESTER, Va.--(BUSINESS WIRE)--Oct. 25, 2004--Trex Company,
Inc. (NYSE:TWP), manufacturer of Trex(R) decking and railing, today
announced financial results for the third quarter ended September 30,
2004.
Net sales for the 2004 third quarter totaled $64.4 million
compared to $41.2 million for the 2003 third quarter. Net income for
the 2004 third quarter totaled $7.1 million, or $0.48 per diluted
share, compared to $5.1 million, or $0.35 per diluted share, for the
2003 third quart...
Winchester, VA (October 13, 2004) – Trex Company, manufacturer of Trex® decking and railing, announced today that they are becoming an associate team sponsor in the NASCAR NEXTEL Cup Series for the 2005 racing season. Trex Co. will partner with DEWALT Tools, the primary sponsor, for a series of 38 racing events, including two non-point special events during the year. The companies will sponsor the No. 17 car driven by Matt Kenseth, as the two building products industry leaders share the s...
WINCHESTER, Va.--(BUSINESS WIRE)--Oct. 12, 2004--Trex Company,
Inc. (NYSE:TWP), manufacturer of Trex(R) decking and railing, expects
to release its third-quarter results after the NYSE close of regular
trading on Monday, October 25, 2004. The company has scheduled an
analyst conference call for 11:00 a.m. ET on Tuesday, October 26,
2004. A live webcast of the conference call will be available to all
investors at the Trex Company Web site at www.trex.com. The call will
also be simulcast at...
WINCHESTER, Va.--(BUSINESS WIRE)--July 22, 2004--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, today
announced financial results for the second quarter ended June 30,
2004.
Net sales for the second quarter of 2004 totaled $83.4 million
compared to $59.2 million for the second quarter of 2003. Net income
for the 2004 second quarter totaled $11.1 million, or $0.75 per
diluted share, compared to $6.5 million, or $0.44 per diluted share,
for the 2003 seco...
WINCHESTER, Va., Jul 7, 2004 (BUSINESS WIRE) -- Trex Company, Inc.
(NYSE:TWP), manufacturer of Trex(R) decking and railing, expects to
release its second-quarter results after the NYSE close of regular
trading on Thursday, July 22, 2004. The company has scheduled an
analyst conference call for 11:00 a.m. ET on Friday, July 23, 2004. A
live webcast of the conference call will be available to all investors
at the Trex Company Web site at www.trex.com. The call will also be
simulcast at www....
WINCHESTER, Va.--(BUSINESS WIRE)--June 23, 2004--Trex Company
(NYSE: TWP) was named to FORTUNE Small Business magazine's annual list
of the 100 Fastest Growing Small Companies in America. Trex Co., a
leader in the fast-growing market for alternative decking products,
was ranked #91 on the list of public companies. "This is quite an
honor and we're very pleased that FORTUNE Small Business has
recognized our growth achievements and operating performance," said
Trex Chairman and CEO Robert M...
WINCHESTER, Va.--(BUSINESS WIRE)--May 20, 2004--Trex Company
(NYSE: TWP) will present at the SunTrust Robinson Humphrey 33rd Annual
Institutional Investor Conference to be held at the Ritz-Carlton,
Buckhead in Atlanta, Georgia. Chairman and Chief Executive Officer
Robert Matheny will discuss Trex Company's business strategy and
growth plans.
The live audio Web broadcast of the presentation will begin at
approximately 11:05 ET on Tuesday, May 25, 2004, and can be accessed
through th...
WINCHESTER, Va.--(BUSINESS WIRE)--May 7, 2004--Trex Company (NYSE:
TWP) was named #50 on Business Ethics magazine's annual listing of the
100 Best Corporate Citizens for 2004, announced earlier this week.
Trex is a leader in the fast-growing market for alternative decking
products.
"We are proud to be among the elite group of companies recognized
by Business Ethics," including Hewlett-Packard, Intel, Procter &
Gamble, Starbucks, and 3M," said Trex Chairman and CEO Robert Matheny.
A...
WINCHESTER, Va.--(BUSINESS WIRE)--April 20, 2004--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, today
announced financial results for the first quarter ended March 31,
2004.
Net sales for the first quarter of 2004 totaled $76.3 million
compared to $68.7 million for the first quarter of 2003. Net income
for the 2004 first quarter totaled $9.3 million, or $0.63 per diluted
share, compared to $10.1 million, or $0.69 per diluted share, for the
2003 first ...
WINCHESTER, Va.--(BUSINESS WIRE)--April 15, 2004--Trex Company,
Inc. (NYSE: TWP) today announced that it has entered into an agreement
with The Home Depot (NYSE: HD) to begin selling Trex(R) decking
products in selected markets. In addition, Trex(R) decking and railing
products will be available nationally in Home Depot stores via special
order through Trex's existing distribution channels.
Trex Company Chairman and Chief Executive Officer Robert Matheny
commented, "Home Depot repre...
WINCHESTER, Va.--(BUSINESS WIRE)--April 2, 2004--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, expects
to release its first-quarter results after the NYSE close of regular
trading on Tuesday, April 20, 2004. The company has scheduled an
analyst conference call for 11:00 a.m. ET on Wednesday, April 21,
2004. A live webcast of the conference call will be available to all
investors at the Trex Company Web site at www.trex.com. The call will
also be simulcast at...
WINCHESTER, Va.--(BUSINESS WIRE)--Feb. 23, 2004--Trex Company,
Inc. (NYSE:TWP), manufacturer of Trex(R) decking and railing, today
announced financial results for the quarter and fiscal year ended
December 31, 2003. Fully diluted earnings per share for 2003 were
$1.43, an increase of 23% over fully diluted earnings per share of
$1.16 for 2002.
In the fourth quarter of 2003, revenue increased 12% to $21.9
million from $19.6 million in the fourth quarter of 2002. The Company
had a lo...
WINCHESTER, Va., Jan 28, 2004 (BUSINESS WIRE) -- Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, expects
to release its fourth-quarter and year-end 2003 results after the NYSE
close of regular trading on Feb. 23. The company has scheduled an
analyst conference call for 11:00 a.m. ET on Feb. 24. A live webcast
of the conference call will be available to all investors at the Trex
Company Web site at www.trex.com. The call will also be simulcast at
www.streeteven...
WINCHESTER, Va.--(BUSINESS WIRE)--Dec. 23, 2003--Trex Company,
Inc. (NYSE: TWP) has selected a 100-acre parcel of land in Olive
Branch, Miss. for its third manufacturing plant. The manufacturing
facility at this site is expected to become the company's largest, and
current plans call for operations to commence in mid-2005. It will
supply the manufacturing and distribution capacity Trex Company needs
to fulfill demand for its Trex(R) decking and railing products, which
has grown 30% per ye...
WINCHESTER, Va.--(BUSINESS WIRE)--Oct. 27, 2003--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, today
announced financial results for the third quarter ended September 30,
2003 in line with the revised guidance recently provided by the
Company.
Net sales for the quarter totaled $41.2 million compared to $49.5
million in the third quarter of 2002. Income from operations in the
third quarter of 2003 totaled $9.0 million compared to $10.9 million
in last ...
WINCHESTER, Va.--(BUSINESS WIRE)--Oct. 9, 2003--Trex Company, Inc.
(NYSE: TWP), manufacturer of Trex(R) decking and railing, today
announced the company received approval for a $300,000 grant from the
Commonwealth of Virginia to bring more than 2,000 feet of rail track
to its Winchester, Va. manufacturing plant. The rail extension will
support the plastics recycling production line Trex initiated in
December 2002, improving both the plant's efficiency and Trex's
customer service.
"...
WINCHESTER, Va.--(BUSINESS WIRE)--Oct. 7, 2003--Trex Company, Inc.
(NYSE: TWP), manufacturer of Trex(R) decking and railing, expects to
release its third- quarter-2003 results after the NYSE close of
regular trading on Oct. 27. The company has scheduled an analyst
conference call for 11:00 a.m. ET on Oct. 28. A live webcast of the
conference call will be available to all investors at the Trex Company
web site at www.trex.com. The call will also be simulcast at
www.streetevents.com.
...
WINCHESTER, Va.--(BUSINESS WIRE)--Sept. 29, 2003--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, today
updated its financial guidance for 2003. For the full year, the
Company expects revenue to range between $185 million to $190 million,
compared to its previous guidance of approximately $200 million and
2002's revenue of $167.1 million. It expects net income for 2003 to
range between $1.40 to $1.43 per share, compared to the previous
estimate of $1.63 to $1....
WINCHESTER, Va.--(BUSINESS WIRE)--Sept. 25, 2003--Trex Company,
Inc. (NYSE:TWP), has won first place in the Virginia Governor's 2003
Environmental Excellence Awards for Outstanding Environmental Project
in the Smaller Manufacturer's category. Trex Company manufacturers
Trex(R) decking and railing, which is made primarily with recycled
plastic grocery bags, reclaimed pallet wrap and waste wood. Trex Co.'s
Mike Vatuna, Director of Materials, and Dean Craft, Director of
Logistics and Consume...
SPRING LAKE, N.J.--(BUSINESS WIRE)--July 31, 2003--On December 11,
1992, a devastating Nor'easter storm badly damaged the Spring Lake
boardwalk, which was constructed of pressure-treated lumber. Mayor
Thomas J. Byrne III, who remains the town's mayor today, went on a
quest to find a better boardwalk material that would stand up to the
oceanside weather and the millions of pedestrians who visit the beach
community each year. He discovered Trex decking, at the time a
newcomer to the buildin...
WINCHESTER, Va., Jul 28, 2003 (BUSINESS WIRE) -- Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, today
announced financial results for the second quarter ended June 30,
2003.
Net sales for the quarter increased to $59.2 million from $45.9
million in the second quarter of 2002. Net income increased to $6.5
million from $5.6 million in the same period last year. On a fully
diluted per share basis, net income for the quarter rose to $0.44 per
share from $0.3...
WINCHESTER, Va.--(BUSINESS WIRE)--July 14, 2003--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, today
announced the appointment of Paul D. Fletcher as senior vice president
and chief financial officer. Mr. Fletcher, age 44, will report
directly to Trex Company President, Robert G. Matheny.
In addition, the Company announced that Anthony J. Cavanna, age
64, who previously served as executive vice president and chief
financial officer, intends to retire a...
WINCHESTER, Va.--(BUSINESS WIRE)--July 9, 2003--Trex Company, Inc.
(NYSE:TWP), manufacturer of Trex(R) decking and railing, expects to
release its second-quarter-2003 results after the NYSE close of
regular trading on July 28. The company has scheduled an analyst
conference call for 11:00 a.m. EDT on July 29. A live webcast of the
conference call will be available to all investors at the Trex Company
Web site at www.trex.com. The call will also be simulcast at
www.streetevents.com.
...
WINCHESTER, Va., Apr 23, 2003 (BUSINESS WIRE) -- Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, today
announced financial results for the first quarter ended March 31,
2003.
Net sales for the quarter were a record $68.7 million, which
represented an increase of 32% over the $52.0 million reported for the
first quarter of 2002. Net income for the quarter increased 57% to
$10.1 million from the $6.4 million recorded in the first quarter of
2002. On a fully...
WINCHESTER, Va.--(BUSINESS WIRE)--April 22, 2003--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, will
release its first-quarter-2003 results after the NYSE close of regular
trading on April 23.
The company has scheduled a conference call to discuss its first
quarter results for 11:00 a.m. EDT on April 24. A live webcast of the
conference call will be available to all investors at the Trex Company
web site at www.trex.com. The call will also be simulcast...
WINCHESTER, Va., Apr 15, 2003 (BUSINESS WIRE) -- Trex Company,
Inc. (NYSE:TWP), manufacturer of Trex(R) decking and railing, expects
to release its first-quarter-2003 results after the NYSE close of
regular trading on April 23. The company has scheduled an analyst
conference call for 11:00 a.m. EDT on April 24. A live webcast of the
conference call will be available to all investors at the Trex Company
web site at www.trex.com. The call will also be simulcast at
www.streetevents.com.
...
WINCHESTER, Va., Mar 3, 2003 (BUSINESS WIRE) -- The board of directors of Trex
Company, Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, has
appointed Paul A. Brunner as an independent director, effective Feb. 26.
In addition, Executive Vice President Roger A. Wittenberg has announced his
intention to retire later this year, and thus will not seek re-election to the
board when his current term expires in May.
Mr. Brunner's qualifications include broad-ranging financial ...
WINCHESTER, Va., Feb 26, 2003 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE:
TWP), manufacturer of Trex(R)decking and railing, today announced operating
results for the quarter and fiscal year ended December 31, 2002.
Fully diluted earnings per share for 2002 were $1.16, up 81 percent from the EPS
of $0.64 recorded in 2001.
In the fourth quarter, revenue increased 15 percent to $19.6 million, from $17.1
million in the fourth quarter of 2001. The company had a loss from operations of
$...
WINCHESTER, Va., Feb 19, 2003 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE:TWP),
manufacturer of Trex(R)decking and railing, expects to release its
fourth-quarter and year-end 2002 results after the NYSE close of regular trading
on Feb. 26. The company has scheduled an analyst conference call for 11:00 a.m.
EST on Feb. 27. A live webcast of the conference call will be available to all
investors at the Trex Company web site at www.trex.com. The call will also be
simulcast at www.streetevents...
WINCHESTER, Va., Feb 6, 2003 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE: TWP),
manufacturer of Trex(R) decking and railing, today announced the appointment of
A. Catherine Lawler as Senior Vice President - Marketing.
Ms. Lawler is succeeding Andrew Ferrari, who has announced his plans to retire.
Throughout her career, Ms. Lawler has directed highly successful marketing
programs for many major brands, including Crayola(R) with Binney & Smith, and
Maxwell House(R), at that time one of...
WINCHESTER, Va., Oct 28, 2002 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE:
TWP), manufacturer of Trex(R) Easy Care Decking(R), today announced its
operating results for the quarter ended September 30, 2002.
Revenue for the third quarter of 2002 increased to $49.5 million from $29.9
million in the third quarter of 2001. Income from operations in the third
quarter of 2002 nearly doubled, increasing to $10.9 million from $5.7 million in
the third quarter of 2001. Net income for the third q...
WINCHESTER, Va., Oct 18, 2002 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE:TWP),
manufacturer of Trex(R)decking, expects to release its third-quarter 2002
results after the NYSE close of regular trading on Monday, Oct. 28. The company
has scheduled an analyst conference call for 11:00 a.m. EST the next day. A live
webcast of the conference call will be available to all investors at the Trex
Company Web site at www.trex.com and on www.streetevents.com.
For those who cannot listen to the l...
WINCHESTER, Va., Oct 7, 2002 (BUSINESS WIRE) -- Andrew U. Ferrari, Executive
Vice President of Marketing and Business Development for Trex Company, Inc.
(NYSE: TWP), has announced his intention to retire from the company early next
year.
Until that time, he will be assisting with the orderly transition to a new
marketing officer. Mr. Ferrari will continue to serve on the company's board of
directors.
"Andy Ferrari has been one of the leaders of our business since it's inception
whe...
WINCHESTER, Va., Aug 23, 2002 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE:
TWP), manufacturer of Trex(R) decking and railing, has won the 2002 Golden
Hammer(R) Communications Award for the second year in a row, this year in the
category of Business-to-Business Advertising.
The award, sponsored for the past 18 years by Home Channel News and ProDealer
Magazines, recognizes excellence in the area of "Home Improvement & Building
Materials Communication" and is judged on how well a company h...
WINCHESTER, Va., Jul 29, 2002 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE:
TWP), manufacturer of Trex(R) Easy Care Decking(R), today announced its
operating results for the quarter ended June 30, 2002.
Revenue for the second quarter of 2002 increased to $45.9 million from $27.7
million in the second quarter of 2001. Current quarter revenue was slightly
above the guidance provided by the Company on June 24, 2002. Income from
operations in the second quarter of 2002 increased to $12.4 mil...
WINCHESTER, Va., Jul 19, 2002 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE:
TWP), manufacturer of Trex(R) decking, expects to release its
second-quarter-2002 results after the NYSE close of regular trading on Monday,
July 29. The company has scheduled an analyst conference call for 11:00 a.m. EDT
the next day. A live webcast of the conference call will be available to all
investors at the Trex Company Web site at www.trex.com and on
www.streetevents.com.
For those who cannot listen to t...
WINCHESTER, Va., Jul 16, 2002 (BUSINESS WIRE) -- Trex Company (NYSE: TWP)
Executive Vice President Roger Wittenberg, has won the e-chievement Award from
e-town radio for his contributions to the environment.
E-town is a non-profit weekly radio show broadcast on National Public Radio
affiliates and commercial stations throughout the United States. One of the
show's most popular segments has been the e-chievement Award, made possible by a
grant from Whole Foods Market, a major sponsor of ...
WINCHESTER, Va., Jun 24, 2002 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE:
TWP), manufacturer of Trex(R) Easy Care Decking(R), expects revenues for the
second quarter to be in the range of $41 million to $44 million, as compared to
last year's second quarter revenues of $27.7 million.
At these revenue levels, net income for the second quarter is expected to be in
the range of $0.33 to $0.37 per share, versus $0.02 per share for the second
quarter of 2001. The company had previously esti...
WINCHESTER, Va., Jun 21, 2002 (BUSINESS WIRE) -- Trex(R) decking and railing,
manufactured by Trex Company, Inc. (NYSE: TWP), was named one of the "Top Ten
Cool Products," in a pre-show competition held by the Pacific Coast Builders
Conference (PCBC).
The competition was open to all building product manufacturers that will be
attending the PCBC in San Francisco's Moscone Center from June 26 - 28, 2002.
Trex Company will exhibit at booth #5137 in the North Hall of the Moscone
Center.
...
WINCHESTER, Va., Jun 19, 2002 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE:
TWP), manufacturer of Trex(R) Easy Care Decking(R), today completed a
refinancing of total indebtedness of $47.6 million outstanding under its
existing senior credit facility and various real estate loans.
The Company refinanced this indebtedness from the proceeds of its sale of $40
million principal amount of senior secured notes due 2009 and borrowings under
new real estate loans having a total principal amount...
WINCHESTER, Va.--(BUSINESS WIRE)--June 10, 2002--For the second
consecutive year, Trex Company, Inc. (NYSE: TWP), has won the EFFIE(R)
Award in the Agricultural/Industrial/Building category in a ceremony
held recently in New York City.
The EFFIE Award recognizes advertising effectiveness, which is
measured by a campaign's ability to produce outstanding results in the
marketplace, along with demonstrating outstanding creativity and
visual impact.
"We'r...
WINCHESTER, Va., Apr 18, 2002 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE:
TWP), manufacturer of Trex(R)Easy Care Decking(R), today announced financial
results for the first quarter ended March 31, 2002.
Revenues for the quarter were a record $52.0 million, an increase of 23% over
the $42.2 million reported in the first quarter of 2001. Income from operations
was even with the prior year's quarter at $12.8 million. Net income for the
quarter was $6.4 million versus $7.7 million in 2001....
WINCHESTER, Va., Apr 12, 2002 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE:
TWP), manufacturer of Trex(R) decking, expects to release its first-quarter-2002
results after the NYSE close of regular trading on Thursday, April 18. The
company has scheduled an analyst conference call for 11:00 a.m. EDT the next
day. A live webcast of the conference call will be available to all investors at
the Trex Company Web site at www.trex.com and on www.streetevents.com.
For those who cannot listen to ...
WINCHESTER, Va.--(BUSINESS WIRE)--Feb. 25, 2002--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R)Easy Care Decking(R), today
announced financial results for the fourth quarter and year ended
December 31, 2001.
Revenue for the fourth quarter of 2001 was $17.1 million versus
$16.3 million for the same period in 2000. Loss from operations was
$2.3 million versus income of $1.7 million for the fourth quarter of
last year. Net loss for the quarter was $2.3 million, or $0...
WINCHESTER, Va., Feb 15, 2002 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE:TWP),
manufacturer of Trex(R) decking, expects to release its fourth-quarter and
year-end 2001 results after the NYSE close on Monday, February 25. The company
has scheduled an analyst conference call for 11:00 a.m. EST the next day. A live
webcast of the conference call will be available to all investors at the Trex
Company Web site at www.trex.com and on www.streetevents.com.
For those who cannot listen to the l...
PARK CITY, Utah, Feb 12, 2002 (BUSINESS WIRE) -- There's something special
about the championship bobsled and luge track near Salt Lake City.
The walkways along the track and the protective covering over each turn are made
with Trex Company's (NYSE: TWP) Trex(R) Wood-Polymer(TM) lumber, a wood-plastic
composite that resists moisture, sunlight and insects to prevent rotting,
splintering and cracking. These are the same properties that make Trex an ideal
choice for your home's decking and...
WINCHESTER, Va.--(BUSINESS WIRE)--Nov. 6, 2001--Trex Company, Inc.
(NYSE: TWP), manufacturer of Trex(R) decking emerged as the "Preferred
Brand" of decking in two separate brand studies conducted by
Professional Builder and Professional Remodeler Magazines.
Trex decking topped the list in all three sections of the decking
category in both studies, which asked about brand awareness, usage
(currently or within the past 12 months) and the most preferred brand.
Published by Ca...
WINCHESTER, Va.--(BUSINESS WIRE)--Oct. 29, 2001--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R)Easy Care Decking(R), today
announced financial results for the third quarter ended September 30,
2001.
The Company's third quarter financial results were in line with
the revised guidance that was announced on October 19. Revenue for the
period was $29.9 million, an increase of 16% over the third quarter
record revenues of $25.8 million in 2000. Income from operations w...
WINCHESTER, Va., Oct 19, 2001 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE:
TWP), manufacturer of Trex(R) Easy Care Decking(R), today announced that it
expects revenues for the third quarter to be approximately $29.5 million, as
compared to last year's third quarter revenues of $25.8 million.
Net income for the third quarter is expected to be approximately $0.20 per
share, versus $0.37 per share for the third quarter of 2000. Unabsorbed fixed
manufacturing costs caused by manufacturing l...
WINCHESTER, Va.--(BUSINESS WIRE)--Oct. 11, 2001--Trex Company,
Inc. (NYSE: TWP), has won first place in the Virginia Governor's
Environmental Excellence Awards for "Outstanding Environmental
Projects" in the Smaller Manufacturer's category.
Trex Company manufacturers Trex(R)decking, which is made primarily
with recycled plastic grocery bags, reclaimed pallet wrap and waste
wood.
In a ceremony held at The Homestead in Hot Springs, VA, Lt.
Governor John Hagar, an...
WINCHESTER, Va.--(BUSINESS WIRE)--Sept. 5, 2001--Trex Company,
Inc. (NYSE:TWP), manufacturer of Trex(R) decking, the leading non-wood
decking lumber in North America, has won the 2001 Golden Hammer(R)
Communications Award for Business-to-Consumer Advertising.
The award, sponsored by National Home Center News and ProDealer
Magazines for the past 17 years, recognizes excellence in the area of
"Home Improvement & Building Materials Communication" and is judged on
how well a c...
WINCHESTER, Va., Aug 9, 2001 (BUSINESS WIRE) -- Trex(R) Company, Inc. (NYSE:
TWP), manufacturer of Trex(R) Easy Care Decking(R), has swept the decking
category of Remodeling Magazine's 2001 Brand Leader survey as the brand most
heard of, used in the past two years and used most overall.
The survey comprised 4,800 Remodeling readers of which 43% responded.
This latest accolade marks one of many categories in which Trex Company has
achieved noteworthy recognition in the last twelve mo...
WINCHESTER, Va., Jul 23, 2001 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE:
TWP), manufacturer of Trex(R) Easy Care Decking(R), today announced financial
results for the second quarter ended June 30, 2001.
Revenue for the second quarter was $27.7 million versus $36.4 million in the
second quarter of 2000. This is above the expected range of $24 million to $26
million that was projected in the company's guidance released on June 18. The
increase is due to stronger than anticipated sales f...
WINCHESTER, Va., Jul 18, 2001 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE:
TWP), manufacturer of Trex(R) Easy Care Decking(R), expects to release its
second quarter 2001 results after the NYSE close on Monday, July 23.
The company has scheduled an analyst conference call for 11:00 a.m. EDT the next
day. A live webcast of the conference call will be available to all investors at
the Trex Company Web site at www.trex.com and on www.streetevents.com.
For those who cannot listen to the ...
WINCHESTER, Va.--(BUSINESS WIRE)--June 18, 2001--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R)Easy Care Decking(R), is
providing investors with a preliminary revenue and earnings outlook
for the second quarter of fiscal 2001.
Subject to finalizing results, the Company estimates that revenues
for the second quarter will be in the range of $24 million to $26
million, as compared to last year's second quarter revenues of $36.5
million. If these revised estimates are...
WINCHESTER, Va., Jun 7, 2001 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE: TWP),
manufacturer of Trex(R) Easy Care Decking(R), the leading non-wood decking
lumber in North America, has won the 2001 EFFIE(R) Award in the
Agricultural/Industrial/Building category.
The EFFIE Award recognizes advertising effectiveness among American businesses.
Criteria for the EFFIE Award include not only visual and creative measures, but
also a campaign's ability to produce outstanding results in the marke...
WINCHESTER, Va.--(BUSINESS WIRE)--May 10, 2001--Trex Company, Inc.
(NYSE: TWP), manufacturer of Trex(R) Easy Care Decking(R), today
announced the company's participation in a joint venture, named
Denplax, SA, to recycle polyethylene at a new facility in El Ejido,
Spain. The other joint venture partners are a local Spanish company
responsible for public environmental programs in southern Spain, and
an Italian equipment manufacturer. The initial phase of construction
has been complete...
--(BUSINESS WIRE)--
Trex Company Inc. (NYSE:TWP), manufacturer of Trex(R) Easy Care
Decking(R), announced financial results for the first quarter ended
March 31, 2001.
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WINCHESTER, Va.--(BUSINESS WIRE)--April 23, 2001--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R)Easy Care Decking(R), today
announced financial results for the first quarter ended March 31,
2001.
Revenues for the quarter increased 8.0% to $42.2 million from
$39.1 million in the first quarter of 2000. This represents nine
consecutive quarters of year-over-year revenue growth. Income from
operations was $12.8 million, a 10.0% increase above the $11.7 million
for th...
WINCHESTER, Va.--(BUSINESS WIRE)--April 18, 2001--Trex Company,
Inc. (NYSE:TWP), manufacturer of Trex(R) Easy Care Decking(R), expects
to release its first quarter 2001 results after the NYSE close on
Monday, April 23.
The company has scheduled an analyst conference call for 11:00
a.m. EDT the next day. A live webcast of the conference call will be
available to all investors at the Trex Company Web site at
www.trex.com. The call will also be simulcast at www.streetevents.c...
WINCHESTER, Va.--(BUSINESS WIRE)--Feb. 26, 2001--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) Easy Care Decking(R), today
announced financial results for the fourth quarter and the year ended
December 31, 2000.
Revenues for fiscal 2000 grew to $117.6 million from $77.6 million
in 1999, an increase of 51.6%. Net income for the year grew 50% to
$19.3 million from supplemental pro forma net income of $12.9 million
in 1999. On a fully diluted per share basis, net in...
WINCHESTER, Va.--(BUSINESS WIRE)--Feb. 20, 2001--Trex Company,
Inc. (NYSE: TWP) has selected a site near Knoxville, Tennessee for the
next plant in its long-range expansion plans. As demand for its
Trex(R)Easy Care Decking(R)is expected to grow at 25% or more
annually, Trex Company continues to look ahead to the need for
additional manufacturing and distribution capacity.
Trex Company signed a purchase agreement on February 20 to
acquire a 100-acre plot of land from The ...
WINCHESTER, Va.--(BUSINESS WIRE)--Dec. 18, 2000--Trex Company
(NYSE: TWP) was honored by the Society of Plastics Engineers (SPE)
Recycling Division with the "Excellence in Plastics Recycling" Award
at the SPE's Annual Recycling Conference in Dearborn, MI.
The award was based on recycled plastic volume, type of plastic
used and the resulting product and its success in the marketplace.
Trex Company manufactures Trex(R) Easy Care Decking(R) primarily from
recycled plastic gro...
WINCHESTER, Va.--(BUSINESS WIRE)--Nov. 30, 2000--Trex Company
(NYSE:TWP), manufacturer of Trex(R) Easy Care Decking(R), today
announced the appointment of Patricia B. Robinson, age 48, to fill a
newly created position on the Board of Directors.
Ms. Robinson joins the board with over 20 years of industry
experience at Mead Corporation, a $4 billion forest products company,
where she held several top management positions. Most recently, Ms.
Robinson served as President of Me...
WINCHESTER, Va.--(BUSINESS WIRE)--Nov. 20, 2000--Trex Company
(NYSE:TWP), manufacturer of Trex(R) Easy Care Decking(R), has received
the IndustryWeek Magazine's "Growing Companies 25" award.
IndustryWeek, the leading publication covering manufacturing and
industry, recognized 25 of North America's most successful small
manufacturers. Trex decking is a splinter-free decking lumber that
requires no stains or sealants for protection and will not rot, crack
or warp.
Industr...
WINCHESTER, Va.--(BUSINESS WIRE)--Trex(R) Easy Care Decking(R),
the leading non-wood decking lumber in North America, has won Home
Magazine's 2001 American Building Products Award in the building
materials category.
The awards recognize product excellence in ten categories,
including appliances, plumbing, roofing, lighting, etc. Manufactured
by Trex Company, Inc. (NYSE:TWP), Trex decking has a nine-year track
record of no rotting, cracking, insect damage or splinters. Made...
WINCHESTER, VA--(BUSINESS WIRE)--November 2, 2000--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) Easy Care Decking(R), today
announced net income of $5.2 million, or $0.37 per diluted share, for
the third quarter ended September 30, 2000 compared to net income of
$4.1 million, or $0.29 per diluted share, for the third quarter of
1999.
Revenues for the quarter increased to $25.1 million compared to
$20.0 million for the third quarter of 1999. Income from operation...
WINCHESTER, Va.--(BUSINESS WIRE)--Oct. 26, 2000--Trex Company,
Inc. (NYSE:TWP), manufacturer of Trex(R) Easy Care Decking(R),
expects to release its fiscal third quarter 2000 results after the
NYSE close on Thursday, November 2, 2000.
The company has scheduled an analyst conference call for 11:00
a.m. EST the next day.
A live webcast of the conference call will be available to all
investors at the Trex Company Web site at www.trex.com. The call will
also be sim...
WINCHESTER, Va.--(BUSINESS WIRE)--Oct. 16, 2000--Trex Company,
Inc. (NYSE: TWP), manufacturer of Trex(R) Easy Care Decking(R), has
been ranked number one in the Forbes annual list of the 200 Best Small
Companies in America. The list of 200 Best Small Companies in America
is reported in the October 30 issue on newsstands today.
According to Forbes, companies must clear a series of tough
hurdles in order to make the Forbes 200 Best list, including five-year
sales and earni...
- Revenues Increased 80% to $35.6 Million -
WINCHESTER, Va.--(BUSINESS WIRE)--Aug. 8, 2000--
Trex Company, Inc. (NYSE: TWP), manufacturer of Trex(R) Easy Care Decking(R), today announced net income of $6.1 million, or $0.43 per diluted share, for the second quarter ended June 30, 2000 compared to supplemental pro forma net income of $2.7 million, or $0.19 per diluted share, for the second quarter of 1999.
Revenues for the quarter increased 79.8% to ...
FERNLEY, Nev.--(BUSINESS WIRE)--June 7, 2000--Trex Company, Inc. (NYSE:TWP), manufacturer of Trex(R) Easy Care Decking(R), suffered a shutdown in production this week in its Fernley, Nevada plant as a result of an electrical fire on Sunday afternoon.
The damage was contained to a small portion of the plant containing electrical equipment, and there were no injuries. However, the fire caused the plant's four active production lines to be shut down. Production was restored to lin...
WINCHESTER, Va.--(BUSINESS WIRE)--May 22, 2000--Trex Company, Inc. (NYSE: TWP), manufacturer of Trex(R) Easy Care Decking(R), has been named one of the top 100 Hot Growth Companies by Business Week magazine. The list of Hot Growth Companies is reported in the May 29 issue on newsstands today.
According to Business Week, to win a position on the list, a company must excel in sales growth, earnings growth, and return on invested capital. To qualify, a company must have sales betw...
WINCHESTER, Va.--(BUSINESS WIRE)--May 16, 2000--Trex Company, Inc. (NYSE: TWP), manufacturer of Trex(R) Easy Care Decking(R), today announced details of the next phase of a long-term expansion plan.
To meet continuing strong demand, the Company will add additional manufacturing capacity at the sites of existing plants in Winchester, Virginia and Fernley, Nevada. At the Winchester site, Trex Company has purchased 39 acres of land adjacent to the present 26 acre property. In Fe...
WINCHESTER, VA--(BUSINESS WIRE)--May 4, 2000--Trex Company, Inc. (NYSE: TWP) was named among the "Fantastic 50" fastest growing companies in the state in the Virginia Chamber of Commerce's Fifth Annual "Fantastic 50" Awards held last night at the Marriott Hotel in Richmond, VA. Trex Company manufactures Trex(R) Easy Care Decking(R), an alternative decking lumber that includes longevity, no rotting and no splinters among its many benefits. Andy Ferrari, Executive Vice President, Sales & Mar...
WINCHESTER, Va.--(BUSINESS WIRE)--April 26, 2000--Trex Company, Inc. (NYSE:TWP), manufacturer of Trex(R) Easy Care Decking(R), today announced net income of $7.1 million, or $0.50 per diluted share, for the first quarter ended March 31, 2000 compared to supplemental pro forma net income of $5.1 million or $0.36 per diluted share for the first quarter of 1999. Revenues for the quarter increased 70% to $38.1 million compared to $22.4 million in the first quarter of 1999. Income from operatio...
NEW LONDON, Conn.--(BUSINESS WIRE)--April 24, 2000--Three businesses from across the nation will be honored this evening by Connecticut College for their ability to combine environmental stewardship with jobs, productivity and profits.
Trex Company (NYSE: TWP) of Winchester, Va., has won the eighth annual Connecticut College Inherit the Earth Award gold medal for business for manufacturing Trex(R) Easy Care Decking(R), a highly successful alternative decking lumber that is en...
WINCHESTER, Va.--(BUSINESS WIRE)--April 13, 2000--Trex Company, Inc. (NYSE: TWP), manufacturer of Trex(R) Easy Care Decking(R), the nation's leading alternative decking lumber, has achieved designation as a Virginia Safety and Health Achievement Recognition Program (SHARP) worksite.
SHARP is a Virginia Department of Labor and Industry (DOLI) voluntary compliance program which recognizes companies that continuously strive to improve safety and health in the workplace. In a cer...
WINCHESTER, Va.--(BUSINESS WIRE)--Feb. 29, 2000--Trex Company, Inc. (NYSE:TWP) today announced it has been named the Vendor of the Year by OrePac Building Products headquartered in Wilsonville, Oregon. OrePac is a premiere wholesale distributor of lumber, millwork and building materials servicing the Western United States and Pacific Rim. Trex Company, manufacturer of Trex(R) Easy Care Decking(R), the nation's leading alternative decking lumber, was chosen from an impressive list of manuf...
WINCHESTER, Va.--(BUSINESS WIRE)--Feb. 16, 2000--Trex Company, Inc. (NYSE:TWP), manufacturer of Trex(R) Easy Care Decking(R), today announced financial results for the fourth quarter and year ended December 31, 1999.
Revenues for the 1999 fourth quarter increased 125% to $12.2 million compared to $5.4 million in the fourth quarter of 1998. Income from operations for the 1999 fourth quarter increased to $1.8 million from a loss from operations of $0.7 million. Net income for t...
WINCHESTER, VA--(BUSINESS WIRE)--December 1, 1999--What is the most popular home product of 1999? Trex(R) Easy Care Decking(R), according to American Homestyle & Gardening Magazine's Reader's Choice Awards. In the July/August 1999 issue, the magazine invited readers to vote for their favorite home products in a two-page color spread that featured 53 products nominated in a variety of categories. Trex decking was voted as the number one favorite with more than 4,000 votes. Trex decking and...
WINCHESTER, Va.--(BUSINESS WIRE)--Nov. 2, 1999--
Revenues Increase 65%
Supplemental Pro Forma EPS $0.29 vs $0.11
Trex Company, Inc. (NYSE:TWP), manufacturer of Trex(R) Easy Care
Decking(R), today announced financial results for the third quarter and nine months ended September 30, 1999.
Revenues for the 1999 third quarter increased 65% to $20.0 million compared to $12.1 million in the third quarter of 1998. Income fro...
WINCHESTER, Va.--(BUSINESS WIRE)--Oct. 28, 1999--Trex Company, Inc. (NYSE:TWP), manufacturer of Trex(R) Easy Care Decking(R), will officially dedicate the company's new, state-of-the-art, 160,000 sq. ft. manufacturing facility in Fernley, Nevada, on October 28, 1999. Trex Company will hold a Grand Opening celebration from 11:00 a.m. -12:30 p.m. with remarks from Lorraine T. Hunt, Lt. Governor, State of Nevada, Joseph E. Dini, Jr., Speaker of the Nevada Assembly and Robert Matheny, Preside...
WINCHESTER, Va.--(BUSINESS WIRE)--Oct. 25, 1999--Trex Company, Inc. (NYSE:TWP), manufacturer of Trex(R) Easy Care Decking(TM), today announced it is once again meeting with builders face-to-face as a sponsor of the 1999 BUILDER Magazine's Fall Tour in nine cities in the U.S. and Canada, hosted by Al Trellis, celebrated building expert. Trellis coaches more than 6,000 builders each year through his seminars entitled, "Building the Winning Team" to help them improve efficiency and profitabi...
WINCHESTER, Va.--(BUSINESS WIRE)--Aug. 31, 1999--Trex Company,
Inc. (NYSE:TWP), the manufacturer of Trex(R) Easy Care Decking(TM),
today announced that initial product shipments from the first two
production lines at its new facility in Fernley, Nevada commenced
ahead of schedule. These lines, originally targeted for completion in
September, were completed in July and are currently producing product
for shipment to west coast distributors to meet the increasing
consumer demand for Trex pr...
WINCHESTER, Va.--(BUSINESS WIRE)--Aug. 9, 1999--
- Revenues Increase 43% -
- Supplemental Pro Forma EPS $0.19 vs. $0.16 -
Trex Company, Inc. (NYSE:TWP), manufacturer of Trex(R) Easy Care
Decking(TM), today announced financial results for the quarter and six
months ended June 30, 1999.
Revenues for the 1999 second quarter increased 43% to $19.8
million compared to $13.8 million in the second quarter of 1998.
Income from operations for the 1999 second quarter increased 27% to
$4.6 ...
WINCHESTER, Va.--(BUSINESS WIRE)--July 9, 1999--Trex Company,
Inc. (NYSE:TWP), manufacturer of Trex(R) Easy Care Decking(TM), today
announced that it has been added to the Russell 2000 and 3000 indexes.
Each year the Frank Russell Company adjusts its indexes by ranking the
3000 largest stocks in the U.S. equity market by capitalization as of
May 31. The Russell 2000 measures the performance of the 2000 smallest
companies in the Russell 3000 index. More than $100 billion is
invested in ind...
WINCHESTER, Va.--(BUSINESS WIRE)--May 13, 1999--Trex Company,
Inc. (NYSE:TWP), manufacturer of Trex® Easy Care Decking™, today
announced its operating results for the quarter ended March 31, 1999.
Net sales in the first quarter of 1999 increased 44% to $22.4
million from $15.5 million in the first quarter of 1998. Historical
net income for the 1999 quarter increased 49% to $7.6 million, or
$1,889.50 per junior unit, from $5.1 million, or $1,268.50 per junior
unit in the 1998 q...
WINCHESTER, Va.--(BUSINESS WIRE)--April 8, 1999--Trex Company,
Inc. (NYSE:TWP), manufacturer of Trex® Easy Care Decking(tm), today
announced that its initial public offering of 4,103,000 shares of
common stock has been priced at $10.00 per share.
The shares trade on the New York Stock Exchange under the symbol
``TWP''. The underwriter of the offering is J.C. Bradford & Co.
Trex is a splinter-free decking alternative that requires no
stains or sealants for protection. It has been...
