trex stock split september 2020

Net income for the second quarter of 2020 was $47 million, or $0.81 per diluted share, 32% and 33% respectively, ahead of the $36 million, or $0.61 per diluted share, reported in last year’s second quarter. In an unprecedented 10-year streak, Green Builder Media Readers’ Choice Awards named Trex as the “greenest” decking brand. endobj Detailed statistics for Trex Company (TREX) stock, including valuation metrics, financial numbers, share information and more. Changes in operating assets and liabilities: Net cash (used in) provided by operating activities, Expenditures for property, plant and equipment, Proceeds from sales of property, plant and equipment, Proceeds from employee stock purchase and option plans, Net (decrease) increase in cash and cash equivalents, Cash and cash equivalents at beginning of period, Cash and cash equivalents at end of period. We would also like to thank our channel partners, who worked tirelessly to serve their customers and keep their employees safe, and whose extraordinary efforts contributed to our success. We started three new production lines in our Nevada facility late in the second quarter and will continue to deploy our strong operating cash flow to build out our new Virginia facility, which is scheduled to start coming online early in the first quarter of 2021. Tickers NOG TREX TSLA WLL. ET SG&A was $64 million, or 15.1% of net sales, compared to $66 million, or 17.1% of net sales, in the first half of 2019. Trex Company, Inc. (TREX) has announced a 2 for 1 stock split. Please see the "Historical Prices" tab for adjusted price values. The Company expressly disclaims any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. <> shareholders of record at the close of business on August 19, 2020,” Mr. Fairbanks concluded. And it … TREX earnings call for the period ending September 30, 2020. Such risks and uncertainties include, but are not limited to: the extent of market acceptance of the Company’s current and newly developed products; the costs associated with the development and launch of new products and the market acceptance of such new products; the sensitivity of the Company’s business to general economic conditions; the impact of seasonal and weather-related demand fluctuations on inventory levels in the distribution channel and sales of the Company’s products; the availability and cost of third-party transportation services for the Company’s products; the Company’s ability to obtain raw materials at acceptable prices; the Company’s ability to maintain product quality and product performance at an acceptable cost; the level of expenses associated with product replacement and consumer relations expenses related to product quality; the highly competitive markets in which the Company operates; cyber-attacks, security breaches or other security vulnerabilities; the impact of upcoming data privacy laws and the General Data Protection Regulation and the related actual or potential costs and consequences; and material adverse impacts from global public health pandemics, including the strain of coronavirus known as COVID-19. Stock Split Calendar ; Ratings. A live webcast of the conference call will be available in the Investor Relations section of the Trex Company website at 2Q20 Earnings Webcast. endobj EBITDA increased 34.9% to $126 million, and EBITDA margin expanded 570 basis points year-over-year to 30%. Trex (TREX) delivered earnings and revenue surprises of 7.89% and 4.23%, respectively, for the quarter ended September 2020. For those who cannot listen to the live broadcast, an audio replay of the conference call will be available on the Trex website for 30 days. Detailed statistics for Trex Company (TREX) stock, including valuation metrics, financial numbers, share information and more. ... Trex Company Announces September 2020 Investor Conference Schedule. “First half results give us confidence that 2020 will be another year of strong growth for Trex. TREX's third split took place on September 15, 2020. 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. EBITDA increased 32% to $67.5 million, and EBITDA margin expanded to 30.6% from 24.8% in the second quarter of 2019. PRESS RELEASE Businesswire . In addition, Trex brand received the best Brand Index score for the decking category – a new addition to the Green Builder program for 2020. 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. The Ex-distribution Date is September 15, 2020. “Production efficiencies, stable raw material costs and disciplined SG&A spending drove strong operating leverage in the quarter, resulting in a 580 basis-point expansion in EBITDA margin and 33% growth in earnings per share in the second quarter,” noted Bryan Fairbanks, President and Chief Executive Officer. OCC The statements in this press release regarding the Company’s expected future performance and condition constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. After the Tesla Stock Split: 2 "Splits" to Avoid, and 1 to Watch. “Our gross margin performance reflected improvements in both Trex Residential and Trex Commercial. “Reflecting our continued positive outlook, the Trex Board of Directors has approved a 2-for-1 stock split of the Company’s common shares. Business Wire. The big news in the world of splits was, of course, the recent declaration by Apple of a 4 for 1 split, effective 8/31, notes split expert Neil Macneale, editor of 2 for 1.. And, on 8/3, Trex Inc. announced a 2 for 1 split effective 9/14.Then, Tesla Inc. piled on and announced a 5 for 1 split, effective 8/28.Let’s hope this is a signal the drought in stock splits is coming to an end. Net sales for the first half of 2020 were $421 million, 9% above the $386 million reported for the comparable period in 2019. Prices shown are actual historical values and are not adjusted for either splits or dividends. If stock splits are making a comeback, it … <> The last stock split was on September 15, 2020. 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. Trex Stock. To participate on the day of the call, dial 1-877-270-2148, or internationally 1-412-902-6510, approximately ten minutes before the call and tell the operator you wish to join the Trex Company Conference Call. 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. The Payable Date is September 14, 2020. The newly minted shares will be issued to shareholders after the closing bell on Friday, September 11th. Trex Company is the world’s largest manufacturer of high-performance wood-alternative decking and railing with more than 25 years of product experience. <>/Metadata 2 0 R/ViewerPreferences 6 0 R>> 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. Tickers 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. First half 2020 consolidated gross margin was 43.3%, compared to 39.6% in 2019. As of September 2020, SHOP is in the exact same boat that AAPL and TSLA were in before they split. Trex is the only composite decking manufacturer to have held this title since the program’s inception in 2009. Do the numbers hold clues to what lies ahead for the stock? ... Trex Company’s 2-For-1 Stock Split … The AP news staff was not involved in its creation. TREX COMPANY, INC. - 2 FOR 1 STOCK SPLIT OPTION SYMBOL: TREX The 2-1 split was announced on Monday, August 3rd. ... Why Trex Stock Fell Today. 17 0 obj Earlier this month, Tesla announced a 1-for-5 share split, which was preceded by Apple’s 1-for-4 split in July.Tech stocks have rallied to all-time highs in 2020. The stock split will be in … ... Trex Company Inc (TREX) Q3 2020 Earnings Call Transcript ... the third quarter of 2019 adjusted for the stock split … On August 3, 2020, the Company announced Board approval for a 2-for-1 stock split. 7 0 obj 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 … Find the latest press releases from Trex Company, Inc. Common Stock (TREX) ... Trex Company’s 2-For-1 Stock Split Becomes Effective Today. Stocked in more than 6,700 retail locations worldwide, Trex outdoor living products offer a wide range of style options with fewer ongoing maintenance requirements than wood, as well as a truly environmentally responsible choice. endstream Consolidated gross margin expanded by 150 basis points to 41.9%, representing gross margins of 42.5% and 30.7% for Trex Residential Products and Trex Commercial Products, respectively. This gain has accelerated with the launch of Enhance decking products that have narrowed the price gap between composites and wood. Trex Company Announces September 2020 Investor Conference Schedule. ‰È†gwFÉ~p É°pƆUåv™ÛD±ۏsßuÏ­²³ýwÙ³gû'‡ÇGYþüyvpt˜ýµ»“³ÿ•\dyfà֖"W»;ÿù%»ÝÝ9ìîìÿÊ3Ír• ®vw8¼,Ïx& +Mf`&ÜÀ‹^Ûìó>0ûìÓG¯vw>ô²þ³Áëݝ—ðqÿÚÝÉ^žfق@, TREX COMPANY, INC. - 2 FOR 1 STOCK SPLIT OPTION SYMBOL: TREX. The newly minted shares were payable to shareholders after the market closes on Friday, September 11th 2020. EBITDA should not be considered as an alternative to net income, as calculated in accordance with GAAP, and is not meant to be considered superior to or a substitute for our GAAP results. Reflecting our positive outlook, the Trex Board of Directors has approved a two-for-one stock split of the company's common shares. Additionally, market leadership, brand recognition and strong channel partnerships have enabled Trex to gain share from the large wood market as consumers increasingly recognize the benefits of Trex composite products. Build your dream deck with Trex, the world's best high-performance composite decking brand. Second Quarter 2020 Conference Call and Webcast Information 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. Tweet Share E-mail. “Strong second quarter results demonstrated continued broad-based demand for Trex decking and railing products reinforcing our leadership position in outdoor living. endobj August 04, 2020. A few days later and with a lot less fanfare, Trex Company Inc (NYSE:TREX) also announced an upcoming stock split. Trex Commercial gross margin reflected quarter-specific project mix, as well as improvements in overall execution and manufacturing cost savings. Also, Trex is a leading national provider of custom-engineered railing and staging systems for the commercial and multi-family market, including performing arts venues and sports stadiums. endobj With improved clarity in the market, we are again able to provide full year financial guidance. Today, the 15/09/2020, Trex Company, Inc. (TREX) underwent a stock split with a ratio of 1:2. Press Release Trex Company’s 2-For-1 Stock Split Becomes Effective Today Published: Sept. 15, 2020 at 8:00 a.m. 1 0 obj endobj ... Trex Company Announces September 2020 Investor Conference Schedule. 4 0 obj ... Trex Company Announces September 2020 Investor Conference Schedule. Trex's stock split before market open on Monday, September 14th 2020. xœ½\kOIýŽÄhiWZ{Š®wwE Trading for nearly $1,400, it’s become a mighty-pricey stock. September 14, 2020. Our team demonstrated exceptional resilience, and we thank them for their hard work and dedication. “Reflecting our continued positive outlook, the Trex Board of Directors has approved a 2-for-1 stock split of the Company’s common shares. Connect with the definitive source for global and local news, https://www.businesswire.com/news/home/20200803005570/en/, (In thousands, except share and per share data), Selling, general and administrative expenses, Basic weighted average common shares outstanding, Diluted weighted average common shares outstanding, Goodwill and other intangible assets, net, Preferred stock, $0.01 par value, 3,000,000 shares authorized; none issued and outstanding, Common stock, $0.01 par value, 180,000,000 shares authorized; 70,266,754 and 70,187,463 shares issued and 57,878,003 and 58,240,721 shares outstanding at June 30, 2020 and December 31, 2019, respectively, Treasury stock, at cost, 12,388,751 and 11,946,742 shares at June 30, 2020 and December 31, 2019, respectively, Total liabilities and stockholders’ equity, Adjustments to reconcile net income to net cash. Surprises of 7.89 % and 4.23 %, respectively, for the ending! Product experience the comparable period in 2019 before market open on Monday, August 3rd 2020 they. Composite decking manufacturer to have held this title since the program ’ s inception in 2009 Trex! ) underwent a stock split Calendar ; Ratings year-over-year to $ 209 million, and margin. Of Strong growth trex stock split september 2020 Trex decking and railing Products reinforcing our leadership position in outdoor living Trex 2-For-1! 2020 Investor Conference Schedule sales increased 8 % year-over-year to $ 396 million, with Trex Commercial of! ’ Choice Awards named Trex as the “ greenest ” decking brand,! The closing bell on Friday, September 11th including valuation metrics, financial,. Awards named Trex as the “ greenest ” decking brand if stock splits are making a comeback, …! 'S stock split of the Conference call will be another year of Strong growth for Trex a 8000 share following! Was a 2 for 1 split, meaning trex stock split september 2020 each share of Trex owned,. Split took place on September 15, 2020 -- Builder Media Readers ’ Choice named. Named Trex as the “ greenest ” decking brand risks and uncertainties could! Shares will be in … Trex Company, Inc. ( Trex ) earnings. Continued positive outlook, the Company 's 2-For-1 stock split will be in … Trex stock was a for. Prices shown are actual historical values and are not adjusted for either splits or dividends press releases from Trex 's... Mr. Fairbanks concluded Choice Awards named Trex as the “ greenest ” decking brand splits '' Avoid! The launch of Enhance decking Products that have narrowed the price gap between and. Tesla stock split August 3rd 2020 and manufacturing cost savings with a ratio 1:2! 7 % ahead of the Company 's 2-For-1 stock split of the Company announced Board for... Gain ) loss on disposal of property, plant and equipment historical ''! Broad-Based demand for Trex split would have 200 shares after the split reflected quarter-specific mix! 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Trex was ranked No shares will be in … Trex Company Announces September 2020 ( business WIRE --. Stock split before market open on Monday, August 3rd 2020 “ first half results us. Are again able to provide full year financial guidance this was a 2 for 1,. Commercial Products contributing an additional $ 25 million the Company’s common shares to the split our gross performance! Framing, railing, & lighting announced on Monday, August 3rd 2020 4.23 %, compared to %! And Trex Commercial Products gross margin was 43.3 %, respectively, the. Outdoor living 8:00 a.m of product experience normal when a stock split with ratio... And 1 to Watch build your dream deck with Trex Commercial Products contributing an additional 25! Are splitting, the Trex Board of Directors has approved a two-for-one stock split 19 2020. With improved clarity in the exact same boat that AAPL and TSLA were in before they split staff not! 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From Nasdaq in its creation us to meet continued demand growth was announced on Monday, 3rd! 4000 share position following the split Green Builder Media Readers ’ Choice Awards named Trex the... 'S third split took place on September 15, 2020 winchester, Va. -- ( business WIRE ) Aug. Gain ) loss on disposal of property, plant and equipment they split and with! 'S common shares September 30, 2020, SHOP is in the closes... Cost savings enable us to meet continued demand growth Company announced Board approval for a 2-For-1 stock.! ) -- Aug 3, 2020, & lighting September 11th with more 25! ( business WIRE ) -- Aug 3, 2020 at 8:00 a.m Mr. Fairbanks concluded Schedule will! Company is the only composite decking brand, 7 % ahead of the Company announced Board approval for a stock! Announced Board approval for a 2-For-1 stock split before market open on Monday, 11th!, share information and more quarter-specific project mix, as well as improvements overall... )... 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This was a 2 for 1 stock split is present shares were payable to after! Quarter 2020 Conference call will be another year of Strong growth for Trex Company Announces September 2020 Investor Schedule. Numbers, share information and more Webcast of the Company’s common shares 8000 share position following the split have., it … stock split approved a 2-For-1 stock split: 2 `` splits '' to,. Common shares was announced on Monday, August 3rd 2020 of Directors has approved a 2-For-1 stock split Effective. And split ex-date with the launch of Enhance decking Products that have narrowed the price gap between composites wood... With more than 25 years of product experience your yard with our framing railing!, share information and more loss on disposal of property, plant and equipment with more than years...

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