The Payable Date is September 14, 2020. TBD = To Be Determined *Stock split calendar data is compiled from sources such as company websites and/or other third party public and private sources. This gain has accelerated with the launch of Enhance decking products that have narrowed the price gap between composites and wood. In an unprecedented 10-year streak, Green Builder Media Readers’ Choice Awards named Trex as the “greenest” decking brand. 2 0 obj 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. With improved clarity in the market, we are again able to provide full year financial guidance. Find the latest press releases from Trex Company, Inc. Common Stock (TREX) ... Trex Company’s 2-For-1 Stock Split Becomes Effective Today. ... Trex Company Announces September 2020 Investor Conference Schedule. The newly minted shares will be issued to shareholders after the closing bell on Friday, September 11th. For example, a 4000 share position pre-split, became a 8000 share position following the split. August 04, 2020. Trex is the only composite decking manufacturer to have held this title since the program’s inception in 2009. After the Tesla Stock Split: 2 "Splits" to Avoid, and 1 to Watch. The Payable Date is September 14, 2020. endobj “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. Discover which stocks are splitting, the ration, and split ex-date with the latest information from Nasdaq. 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. For more information, visit trex.com. Net sales for the first half of 2020 were $421 million, 9% above the $386 million reported for the comparable period in 2019. The last stock split was on September 15, 2020. “For the third quarter of 2020, we expect consolidated net sales of approximately $215 million to $225 million, representing 13% year-over-year growth at the midpoint. The 2-1 split was announced on Monday, August 3rd. ... Why Trex Stock Fell Today. Tickers NOG TREX TSLA WLL. ET 7 0 obj We consider EBITDA to be an important supplemental indicator of our core operating performance because it eliminates many differences among companies in capitalization and tax structures, capital investment cycles and ages of related assets. Trex Stock. endobj Trex Company, Inc. (TREX) has announced a 2 for 1 stock split. A live webcast of the conference call will be available in the Investor Relations section of the Trex Company website at 2Q20 Earnings Webcast. Stock Split Calendar ; Ratings. TREX COMPANY, INC. - 2 FOR 1 STOCK SPLIT OPTION SYMBOL: TREX “First half results give us confidence that 2020 will be another year of strong growth for Trex. GlobeNewswire. ... September 8, 2020 8:00 AM EDT. 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. endobj PRESS RELEASE Businesswire . Pro Right Line is not liable for any actions taken in reliance on this stock split calendar of upcoming stock splits and recent stock splits, including 2 for 1 stock split and 3 for 2 stock split announcements. 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 … And it … 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. shareholders of record at the close of business on August 19, 2020,” Mr. Fairbanks concluded. The Ex-distribution Date is September 15, 2020. This was a 2 for 1 split, meaning for each share of TREX owned pre-split, the shareholder now owned 2 shares. The 2-1 split was announced on Monday, August 3rd 2020. Business Wire. 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. 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. TREX earnings call for the period ending September 30, 2020. Detailed statistics for Trex Company (TREX) stock, including valuation metrics, financial numbers, share information and more. Consolidated net sales for the second quarter of 2020 were $221 million, 7% ahead of the comparable period in 2019. (used in) provided by operating activities: (Gain) loss on disposal of property, plant and equipment. These statements are subject to risks and uncertainties that could cause the Company’s actual operating results to differ materially. The stock split will be in … On August 3, 2020, the Company announced Board approval for a 2-for-1 stock split. 1 0 obj Trex (TREX) delivered earnings and revenue surprises of 7.89% and 4.23%, respectively, for the quarter ended September 2020. 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. 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. 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. Stock split history for Trex since 1999. Trex Residential Products gross margin was 44%, compared to 41% in the first half of 2019. Trex Company's 2-For-1 Stock Split Becomes Effective Today. A few days later and with a lot less fanfare, Trex Company Inc (NYSE:TREX) also announced an upcoming stock split. 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. Please see the "Historical Prices" tab for adjusted price values. If stock splits are making a comeback, it … 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. %âãÏÓ From MarketWatch. September 14, 2020. <> 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. An investor that had 100 shares of Trex stock prior to the split would have 200 shares after the split. 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 Company Wins 2020 Sustainability Award for Organizational Leadership. Trex will hold a conference call to discuss its second quarter 2020 results and other corporate matters on Monday, August 3, 2020 at 5:00 p.m. EDT. ... Trex Companys 2-For-1 Stock Split Becomes Effective Today. 3 0 obj 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. Trex Company, Inc. (TREX) has announced a 2 for 1 stock split. EBITDA increased 34.9% to $126 million, and EBITDA margin expanded 570 basis points year-over-year to 30%. <>/Metadata 2 0 R/ViewerPreferences 6 0 R>> xœ½\kOIýŽÄhiWZ{Š®wwE 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. ... Trex Company Announces September 2020 Investor Conference Schedule. Sep. 8, 2020, 02:00 PM. OCC Complete your yard with our framing, railing, & lighting. Press release content from Business Wire. Second Quarter 2020 Conference Call and Webcast Information 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. SG&A was $29 million, or 13.2% of sales, compared to 17.3% of sales in the year ago quarter. endstream We expect full year 2020 incremental gross margin to be 45% to 50% inclusive of additional COVID-19 related expenses, full year SG&A as a percentage of sales to improve by 80 to 100 basis points compared to the prior year, a full year tax rate of approximately 25% and full year capital spending of $150 million to $170 million. “Reflecting our continued positive outlook, the Trex Board of Directors has approved a 2-for-1 stock split of the Company’s common shares. “Our $200 million capital expansion program is progressing on schedule and will enable us to meet continued demand growth. Detailed statistics for Trex Company (TREX) stock, including valuation metrics, financial numbers, share information and more. September 15, 2020 08:00 AM Eastern Daylight Time. 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