trex stock split september 2020

“Reflecting our continued positive outlook, the Trex Board of Directors has approved a 2-for-1 stock split of the Company’s common shares. Trex Company’s 2-For-1 Stock Split Becomes Effective Today. “Reflecting our continued positive outlook, the Trex Board of Directors has approved a 2-for-1 stock split of the Company’s common shares. Prices shown are actual historical values and are not adjusted for either splits or dividends. This gain has accelerated with the launch of Enhance decking products that have narrowed the price gap between composites and wood. “First half results give us confidence that 2020 will be another year of strong growth for Trex. These statements are subject to risks and uncertainties that could cause the Company’s actual operating results to differ materially. Find the latest press releases from Trex Company, Inc. Common Stock (TREX) ... Trex Company’s 2-For-1 Stock Split Becomes Effective Today. 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. ‰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 last stock split was on September 15, 2020. The Ex-distribution Date is September 15, 2020. Tweet Share E-mail. %âãÏÓ All positions were amended as per normal when a stock split is present. EBITDA increased 32% to $67.5 million, and EBITDA margin expanded to 30.6% from 24.8% in the second quarter of 2019. Trex Company Announces September 2020 Investor Conference Schedule. “Strong second quarter results demonstrated continued broad-based demand for Trex decking and railing products reinforcing our leadership position in outdoor living. Our team demonstrated exceptional resilience, and we thank them for their hard work and dedication. PRESS RELEASE Businesswire . For more information, visit trex.com. ... Trex Company’s 2-For-1 Stock Split … 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. ... Trex Company Announces September 2020 Investor Conference Schedule. <> The Payable Date is September 14, 2020. For example, a 4000 share position pre-split, became a 8000 share position following the split. endobj 1 by trade professionals for “brand familiarity,” “brand used in the past two years,” “brand quality,” and “brand used most” in the Builder Magazine Brand Use Study. Business Wire. Trex Stock. 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. endobj If stock splits are making a comeback, it … 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. <>stream Detailed statistics for Trex Company (TREX) stock, including valuation metrics, financial numbers, share information and more. OCC 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. WINCHESTER, Va.--(BUSINESS WIRE)--Aug 3, 2020--. 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 … 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. Build your dream deck with Trex, the world's best high-performance composite decking brand. 4 0 obj Second Quarter 2020 Conference Call and Webcast Information 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. 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 Tags MTH Retail BLD. “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. The 2-1 split was announced on Monday, August 3rd. 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. 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. ... September 01, 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. Trex Commercial Products gross margin expanded to 32.3% from 21%. 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. Reconciliation of net income (GAAP) to EBITDA (non-GAAP) is as follows: EBITDA as a percentage of net sales (EBITDA margin). Tickers AAON AAPL ACM AGX. 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. And it … Trex Company’s 2-For-1 Stock Split Becomes Effective Today. After the Tesla Stock Split: 2 "Splits" to Avoid, and 1 to Watch. 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. In an unprecedented 10-year streak, Green Builder Media Readers’ Choice Awards named Trex as the “greenest” decking brand. ... Trex Company Announces September 2020 Investor Conference Schedule. ... Why Trex Stock Fell Today. Saturday, August 29, 2020 | MarketBeat Trex Company Inc (NYSE:TREX)'s stock is going to split on Monday, September 14th. 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. ... Trex Company Announces September 2020 Investor Conference Schedule. Tickers NOG TREX TSLA WLL. Trex Commercial gross margin reflected quarter-specific project mix, as well as improvements in overall execution and manufacturing cost savings. Trex Residential Products sales increased 8% year-over-year to $209 million, with Trex Commercial Products contributing $12 million. 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. 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. 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. 2 0 obj 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. <>stream This was a 2 for 1 split, meaning for each share of TREX owned pre-split, the shareholder now owned 2 shares. Trex (TREX) delivered earnings and revenue surprises of 7.89% and 4.23%, respectively, for the quarter ended September 2020. 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 Residential Products sales were up 10% to $396 million, with Trex Commercial Products contributing an additional $25 million. ET shareholders of record at the close of business on August 19, 2020,” Mr. Fairbanks concluded. With improved clarity in the market, we are again able to provide full year financial guidance. Tickers TREX. The Ex-distribution Date is September 15, 2020. 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. Second Quarter 2020 Conference Call and Webcast Information. 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. “Our $200 million capital expansion program is progressing on schedule and will enable us to meet continued demand growth. (used in) provided by operating activities: (Gain) loss on disposal of property, plant and equipment. Discover which stocks are splitting, the ration, and split ex-date with the latest information from Nasdaq. “Before commenting on our results, we want to recognize the tremendous efforts of the Trex team in ensuring that we were able to remain fully operational in a safe and effective manner and drive high single-digit sales growth during these challenging times. 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. ... Trex Companys 2-For-1 Stock Split Becomes Effective Today. September 14, 2020. 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. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/MediaBox[0 0 612 792]/Contents 17 0 R/Group<>/Tabs/S/StructParents 0>> EBITDA increased 34.9% to $126 million, and EBITDA margin expanded 570 basis points year-over-year to 30%. 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. Find out which publicly traded stocks are splitting each month, the split ratio, … The AP news staff was not involved in its creation. Stock split history for Trex since 1999. TREX COMPANY, INC. - 2 FOR 1 STOCK SPLIT OPTION SYMBOL: TREX 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. 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. 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. 3 0 obj Do the numbers hold clues to what lies ahead for the stock? <> Trex Company is the world’s largest manufacturer of high-performance wood-alternative decking and railing with more than 25 years of product experience. 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. ... September 8, 2020 8:00 AM EDT. “Reflecting our continued positive outlook, the Trex Board of Directors has approved a 2-for-1 stock split of the Company’s common shares. 7 0 obj %PDF-1.7 Trex Company's 2-For-1 Stock Split Becomes Effective Today. First half 2020 consolidated gross margin was 43.3%, compared to 39.6% in 2019. Complete your yard with our framing, railing, & lighting. Net sales for the first half of 2020 were $421 million, 9% above the $386 million reported for the comparable period in 2019. Business Wire. On August 3, 2020, the Company announced Board approval for a 2-for-1 stock split. 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. ... Trex Company Inc (TREX) Q3 2020 Earnings Call Transcript ... the third quarter of 2019 adjusted for the stock split … The 2-1 split was announced on Monday, August 3rd 2020. The newly minted shares will be issued to shareholders after the closing bell on Friday, September 11th. A few days later and with a lot less fanfare, Trex Company Inc (NYSE:TREX) also announced an upcoming stock split. Please see the "Historical Prices" tab for adjusted price values. 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's stock split before market open on Monday, September 14th 2020. xœ½\kOIýŽÄhiWZ{Š®wwE endobj TREX's third split took place on September 15, 2020. endstream GlobeNewswire. The stock split will be in … Trex Company, Inc. (TREX) has announced a 2 for 1 stock split. 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. Reflecting our positive outlook, the Trex Board of Directors has approved a two-for-one stock split of the company's common shares. 17 0 obj Today, the 15/09/2020, Trex Company, Inc. (TREX) underwent a stock split with a ratio of 1:2. Trading for nearly $1,400, it’s become a mighty-pricey stock. SG&A was $29 million, or 13.2% of sales, compared to 17.3% of sales in the year ago quarter. Sep. 8, 2020, 02:00 PM. 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. August 04, 2020. Trex is the only composite decking manufacturer to have held this title since the program’s inception in 2009. The newly minted shares were payable to shareholders after the market closes on Friday, September 11th 2020. Trex Company Wins 2020 Sustainability Award for Organizational Leadership. In addition, Trex brand received the best Brand Index score for the decking category – a new addition to the Green Builder program for 2020. Consolidated net sales for the second quarter of 2020 were $221 million, 7% ahead of the comparable period in 2019. 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 Residential Products gross margin was 44%, compared to 41% in the first half of 2019. The Payable Date is September 14, 2020. “Our gross margin performance reflected improvements in both Trex Residential and Trex Commercial. endobj From MarketWatch. As of September 2020, SHOP is in the exact same boat that AAPL and TSLA were in before they split. 1 0 obj September 15, 2020 08:00 AM Eastern Daylight Time. Press release content from Business Wire. Tags Market News TREX. An investor that had 100 shares of Trex stock prior to the split would have 200 shares after the split. For the 13th consecutive year, Trex was ranked No. <>/Metadata 2 0 R/ViewerPreferences 6 0 R>> The only composite decking manufacturer to have held this title since the program ’ s manufacturer! Our framing, railing, & lighting releases from Trex Company, (! 44 %, respectively, for the 13th consecutive year, Trex Company, Inc. ( Trex ) earnings. Its creation the market closes on Friday, September 11th following the split would have 200 shares after market... It’S become a mighty-pricey stock activities: ( gain ) loss on disposal of,! Mr. Fairbanks concluded tab for adjusted price values million capital expansion program is on... Are making a comeback, it … stock split Becomes Effective Today are not adjusted for splits! Gap between composites and wood a 2 for 1 stock split before market open on Monday, 11th. 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