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Trex Company, inc (TREX) Q2 2021 Earnings Call Transcript

Operator
Good afternoon and welcome to the Trex Company s Second Quarter 2021 Earnings Conference Call. [Operator Instructions]
I would now like to turn the conference over to Viktoriia Nakhla. Please go ahead.
Viktoriia Nakhla
Investor Relations
Thank you all for joining us today. With us on the call are Bryan Fairbanks, President and Chief Executive Officer; and Dennis Schemm, Senior Vice President and Chief Financial Officer. Joining Bryan and Dennis is Bill Gupp, Senior Vice President, General Counsel and Secretary as well as other members of Trex management.
The company issued a press release today after market close containing financial results for the second quarter 2021. This release is available on the company s website. This conference call is also being webcast and will be available on the Investor Relations page of the company s website for 30 days. ....

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Trex Announces Plans For New Global Headquarters, Hiring Efforts | Shenandoah Country Q102

Today, the company closed on the purchase of eight acres in Winchester, Va., where it plans to build a new 64,000-square-foot office facility that will serve as the manufacturer’s global headquarters. ....

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Kickstart: Another staycation summer means another boom year for composite decks

Kickstart: Another staycation summer means another boom year for composite decks
It looks like the staycation economy is continuing for a second summer of the pandemic.
That s good news for companies making items for home improvement projects such as Trex Co. Inc., the maker of composite decking from recycled plastic and wood fiber. The Virginia-based company is bringing an expansion into operation 30 days ahead of schedule as it works to meet rising demand.
We are running all of the assets we have and getting every single linear foot of decking and railing out to the marketplace, CEO Bryan Fairbanks said during a quarterly sales call with analysts. ....

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1 Reason to Think Trex's Surge Is for Real

Author Bio
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead.
Many companies benefited from the stay-at-home restrictions that were implemented during the COVID-19 pandemic. With people spending so much more of their time at home, many decided it was time to spruce up their properties, both inside and out. Sales at ....

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Trex adding capacity a month ahead of schedule

Trex adding capacity a month ahead of schedule
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Extra capacity is coming online faster than initially projected for Trex Co. Inc. s new manufacturing facility at its headquarters site in Winchester, Va.
We now expect all lines in our new plant to be fully operational by the end of May 30 days ahead of schedule, President and CEO Bryan Fairbanks said during a May 10 first quarter conference call with investment bankers.
The expansion will provide about 70 percent more capacity compared to 2019 volume levels and give Trex an important competitive advantage in the dynamic composite decking marketplace, Fairbanks added.
Currently, the utilization rate is 100 percent. ....

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