WINCHESTER, Va.--(BUSINESS WIRE)--Aug 3, 2020--. 4 0 obj Trex Residential Products gross margin was 44%, compared to 41% in the first half of 2019. In addition, Trex brand received the best Brand Index score for the decking category – a new addition to the Green Builder program for 2020. 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. Trex (TREX) delivered earnings and revenue surprises of 7.89% and 4.23%, respectively, for the quarter ended September 2020. Trex's stock split before market open on Monday, September 14th 2020. 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. Tickers TREX. Our team demonstrated exceptional resilience, and we thank them for their hard work and dedication. 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. September 15, 2020 08:00 AM Eastern Daylight Time. September 14, 2020. Complete your yard with our framing, railing, & lighting. After the Tesla Stock Split: 2 "Splits" to Avoid, and 1 to Watch. 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. As of September 2020, SHOP is in the exact same boat that AAPL and TSLA were in before they split. 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. “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. <> In an unprecedented 10-year streak, Green Builder Media Readers’ Choice Awards named Trex as the “greenest” decking brand. Net sales for the first half of 2020 were $421 million, 9% above the $386 million reported for the comparable period in 2019. From MarketWatch. “Reflecting our continued positive outlook, the Trex Board of Directors has approved a 2-for-1 stock split of the Company’s common shares. Press release content from Business Wire. If stock splits are making a comeback, it … First half 2020 consolidated gross margin was 43.3%, compared to 39.6% in 2019. The 2-1 split was announced on Monday, August 3rd. 17 0 obj <> The newly minted shares will be issued to shareholders after the closing bell on Friday, September 11th. 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. Trex Commercial Products gross margin expanded to 32.3% from 21%. 7 0 obj endobj ... Trex Company’s 2-For-1 Stock Split … <>stream “First half results give us confidence that 2020 will be another year of strong growth for Trex. This gain has accelerated with the launch of Enhance decking products that have narrowed the price gap between composites and wood. Press Release Trex Company’s 2-For-1 Stock Split Becomes Effective Today Published: Sept. 15, 2020 at 8:00 a.m. Trex Company, Inc. (TREX) has announced a 2 for 1 stock split. On August 3, 2020, the Company announced Board approval for a 2-for-1 stock split. Tickers AAON AAPL ACM AGX. Trex Company's 2-For-1 Stock Split Becomes Effective Today. shareholders of record at the close of business on August 19, 2020,” Mr. Fairbanks concluded. Detailed statistics for Trex Company (TREX) stock, including valuation metrics, financial numbers, share information and more. All positions were amended as per normal when a stock split is present. Find out which publicly traded stocks are splitting each month, the split ratio, … Trex Company’s 2-For-1 Stock Split Becomes Effective Today. Stock Split Calendar ; Ratings. The Ex-distribution Date is September 15, 2020. TREX COMPANY, INC. - 2 FOR 1 STOCK SPLIT OPTION SYMBOL: TREX ET And it … Discover which stocks are splitting, the ration, and split ex-date with the latest information from Nasdaq. The Ex-distribution Date is September 15, 2020. 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. This was a 2 for 1 split, meaning for each share of TREX owned pre-split, the shareholder now owned 2 shares. Prices shown are actual historical values and are not adjusted for either splits or dividends. 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. Trex Company Announces September 2020 Investor Conference Schedule. Reflecting our positive outlook, the Trex Board of Directors has approved a two-for-one stock split of the company's common shares. Trex Residential Products sales were up 10% to $396 million, with Trex Commercial Products contributing an additional $25 million. 3 0 obj %âãÏÓ ... September 01, 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. Second Quarter 2020 Conference Call and Webcast Information. Detailed statistics for Trex Company (TREX) stock, including valuation metrics, financial numbers, share information and more. Today, the 15/09/2020, Trex Company, Inc. (TREX) underwent a stock split with a ratio of 1:2. Trex Company, Inc. (TREX) has announced a 2 for 1 stock split. endobj endobj endobj Trex Company’s 2-For-1 Stock Split Becomes Effective Today. (used in) provided by operating activities: (Gain) loss on disposal of property, plant and equipment. endstream Do the numbers hold clues to what lies ahead for the stock? Tags Market News TREX. August 04, 2020. Trex is the only composite decking manufacturer to have held this title since the program’s inception in 2009. The 2-1 split was announced on Monday, August 3rd 2020. With improved clarity in the market, we are again able to provide full year financial guidance. “Strong second quarter results demonstrated continued broad-based demand for Trex decking and railing products reinforcing our leadership position in outdoor living. 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. ... 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