endobj 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 Announces September 2020 Investor Conference Schedule. From MarketWatch. WINCHESTER, Va.--(BUSINESS WIRE)--Aug 3, 2020--. Detailed statistics for Trex Company (TREX) stock, including valuation metrics, financial numbers, share information and more. ... Trex Company Announces September 2020 Investor Conference Schedule. On August 3, 2020, the Company announced Board approval for a 2-for-1 stock split. Prices shown are actual historical values and are not adjusted for either splits or dividends. Reconciliation of net income (GAAP) to EBITDA (non-GAAP) is as follows: EBITDA as a percentage of net sales (EBITDA margin). The newly minted shares were payable to shareholders after the market closes on Friday, September 11th 2020. Press Release Trex Company’s 2-For-1 Stock Split Becomes Effective Today Published: Sept. 15, 2020 at 8:00 a.m. “Reflecting our continued positive outlook, the Trex Board of Directors has approved a 2-for-1 stock split of the Company’s common shares. ‰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. Trex Residential Products gross margin was 44%, compared to 41% in the first half of 2019. Build your dream deck with Trex, the world's best high-performance composite decking brand. 7 0 obj Our team demonstrated exceptional resilience, and we thank them for their hard work and dedication. For more information, visit trex.com. Tickers AAON AAPL ACM AGX. Trex Company’s 2-For-1 Stock Split Becomes Effective Today. 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. Saturday, August 29, 2020 | MarketBeat Trex Company Inc (NYSE:TREX)'s stock is going to split on Monday, September 14th. EBITDA increased 34.9% to $126 million, and EBITDA margin expanded 570 basis points year-over-year to 30%. 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. Complete your yard with our framing, railing, & lighting. As of September 2020, SHOP is in the exact same boat that AAPL and TSLA were in before they split. 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. 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. Trex's stock split before market open on Monday, September 14th 2020. This gain has accelerated with the launch of Enhance decking products that have narrowed the price gap between composites and wood. <>stream “Reflecting our continued positive outlook, the Trex Board of Directors has approved a 2-for-1 stock split of the Company’s common shares. Tags Market News TREX. 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. endobj “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. 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. Stock split history for Trex since 1999. First half 2020 consolidated gross margin was 43.3%, compared to 39.6% in 2019. endobj Second Quarter 2020 Conference Call and Webcast Information 2 0 obj 3 0 obj With improved clarity in the market, we are again able to provide full year financial guidance. Trex is the only composite decking manufacturer to have held this title since the program’s inception in 2009. For the 13th consecutive year, Trex was ranked No. “Our $200 million capital expansion program is progressing on schedule and will enable us to meet continued demand growth. 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. %âãÏÓ ... September 01, 2020. 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. %PDF-1.7 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. 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. For example, a 4000 share position pre-split, became a 8000 share position following the split. “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 gross margin performance reflected improvements in both Trex Residential and Trex Commercial. <> PRESS RELEASE Businesswire . September 15, 2020 08:00 AM Eastern Daylight Time. And it … Trex Company, Inc. (TREX) has announced a 2 for 1 stock split. “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. All positions were amended as per normal when a stock split is present. Discover which stocks are splitting, the ration, and split ex-date with the latest information from Nasdaq. 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. 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. 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. OCC Consolidated net sales for the second quarter of 2020 were $221 million, 7% ahead of the comparable period in 2019. EBITDA increased 32% to $67.5 million, and EBITDA margin expanded to 30.6% from 24.8% in the second quarter of 2019. 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. The 2-1 split was announced on Monday, August 3rd 2020. If stock splits are making a comeback, it … ... Trex Company’s 2-For-1 Stock Split … Detailed statistics for Trex Company (TREX) stock, including valuation metrics, financial numbers, share information and more. 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. Press release content from Business Wire. Sep. 8, 2020, 02:00 PM. The 80-basis point expansion in Trex Residential gross margin was primarily due to improved throughput and reduced material costs in our Enhance product line, partially offset by startup costs for the new capacity in Nevada. <>stream 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 … 4 0 obj September 14, 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. ET 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. Find out which publicly traded stocks are splitting each month, the split ratio, … Trex Commercial Products gross margin expanded to 32.3% from 21%. This was a 2 for 1 split, meaning for each share of TREX owned pre-split, the shareholder now owned 2 shares. 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 Company Wins 2020 Sustainability Award for Organizational Leadership. Trex Residential Products sales increased 8% year-over-year to $209 million, with Trex Commercial Products contributing $12 million. An investor that had 100 shares of Trex stock prior to the split would have 200 shares after the split. A few days later and with a lot less fanfare, Trex Company Inc (NYSE:TREX) also announced an upcoming stock split. TREX's third split took place on September 15, 2020. The last stock split was on September 15, 2020. Today, the 15/09/2020, Trex Company, Inc. (TREX) underwent a stock split with a ratio of 1:2. Trex Company's 2-For-1 Stock Split Becomes Effective Today. In an unprecedented 10-year streak, Green Builder Media Readers’ Choice Awards named Trex as the “greenest” decking brand. Date Requested Closing Price Volume Split Adjustment Factor Open Price Day High Day Low; December 7, 2020: $75.62: 548,607: 1:1: $74.49: $76.21: $73.97: December 8, 2020 endobj 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. Do the numbers hold clues to what lies ahead for the stock? 1 0 obj 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. ... Trex Company Inc (TREX) Q3 2020 Earnings Call Transcript ... the third quarter of 2019 adjusted for the stock split … shareholders of record at the close of business on August 19, 2020,” Mr. Fairbanks concluded. Trex Company’s 2-For-1 Stock Split Becomes Effective Today. Trex Company Announces September 2020 Investor Conference Schedule. The Payable Date is September 14, 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. 17 0 obj 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, INC. - 2 FOR 1 STOCK SPLIT OPTION SYMBOL: TREX Stock Split Calendar ; Ratings. Business Wire. A live webcast of the conference call will be available in the Investor Relations section of the Trex Company website at 2Q20 Earnings Webcast. August 04, 2020. Trex Company is the world’s largest manufacturer of high-performance wood-alternative decking and railing with more than 25 years of product experience. SG&A was $29 million, or 13.2% of sales, compared to 17.3% of sales in the year ago quarter. ... Trex Companys 2-For-1 Stock Split Becomes Effective Today. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/MediaBox[0 0 612 792]/Contents 17 0 R/Group<>/Tabs/S/StructParents 0>> GlobeNewswire. Trex Residential Products sales were up 10% to $396 million, with Trex Commercial Products contributing an additional $25 million. endobj “First half results give us confidence that 2020 will be another year of strong growth for Trex. 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