Trex Company

TREX

Trex Company, Inc., also known as Trex or Trex Decking, is a major manufacturer of wood-alternative decking, railings and other outdoor items made from recycled materials. It has been a publicly traded company since 1999 and trades on the New York Stock Exchange under the ticker symbol “TREX”. The company was founded in 1996 and is headquartered in Winchester, Virginia. With manufacturing facilities in Fernley, Nevada and Winchester, Virginia, the company’s products are sold in more than 40 countries. Trex products are carried by approximately 6,700 retail locations worldwide.According to public documents,Trex is the world’s largest manufacturer of wood-alternative decking and railing, with approximate 2018 annual revenues reported of $684 million, annual operating income of $176.7 million, net income of $134.6 million and total assets of $465.1 million. Bryan H. Fairbanks was named president and CEO of Trex effective April 29, 2020. Former president and CEO (2015-2020), James E. Cline, has assumed the position of Chairman of the Board. Dennis C. Schemm was named vice president and CFO and Ronald W. Kaplan is now vice chairman effective April 29, 2020. Other key executives of Trex Decking include; S. Leslie Adkins, vice president of marketing; Barry L. Creek, vice president of manufacturing; Christopher P. Gerhard, vice president of sales; William R. Gupp, senior vice president of general counsel and secretary; Zachary C. Lauer, vice president of supply chain; Jacob T. Rudolph, vice president of human resources; Adam Zambanini, president of Trex residential products.

Trex Company has been a target of short sellers for a while. The current short interest of 10.11% is roughly at the average of the last 12 months (8.69%).