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TREX-News
TREX-Events
Flexsteel Appoints Anand Kangala as Independent Director
Flexsteel Industries (FLXS) announced the appointment of Dr. Anand Kangala as an independent director of the company. Kangala will also serve on the Board's Audit & Ethics Committee. Kangala is Chief Digital and Technology Officer of Trex Company (TREX).
BlueLinx Forms Strategic Distribution Partnership with Trex
BlueLinx Holdings (BXC) announced a strategic distribution partnership with Trex Company (TREX). BlueLinx will distribute Trex decking and railing products across a broad service territory supported by its distribution centers in Indianapolis, St. Louis, Cincinnati, Erwin, Nashville, Atlanta, Birmingham, Memphis, Gulfport, Little Rock and Monroe. The territory spans key markets throughout Missouri, Illinois, Ohio, Kentucky, West Virginia, Tennessee, Arkansas, Louisiana, Mississippi, Alabama and Georgia. Initial product shipments are expected to begin arriving at BlueLinx locations during the first week of September, with all participating locations expected to receive their initial inventory before the end of the month.
Trex Appoints Brian Taylor as Chief Commercial Officer
Trex Company announced the appointment of Brian Taylor as the company's first Chief Commercial Officer, CCO. Taylor joins Trex from POOLCORP where he served as Vice President of Sales for North America
Trex Reports Q3 Revenue of $418M, Exceeding Expectations
Reports Q3 revenue $418M, consensus $415.7M. "I'm pleased to report that Trex is delivering strong results from disciplined execution against our strategic priorities. We are returning to stronger top-line growth, while also upgrading our distribution network and accelerating the timing of our Arkansas capacity expansion to further strengthen our market position and drive long-term growth," said CEO Adam Zambanini. "At the same time, we are also seeing improved consumer demand trends, with broad-based demand across categories and price points...The transition is tracking to plan with inventory levels at distributors already at desired levels. Together, our accelerated Arkansas expansion and upgraded distribution network strengthens our competitive position, supports long-term growth, and advances our goal of achieving $2B in annual sales by 2030".
Trex Company Sees Q3 Revenue of $305-$320M
Trex Company sees Q3 revenue $305-$320M, consensus $299.54M
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