Trex(US:TREX)2025-06-16 16:29Company Overview - Trex's market capitalization is valued at $5.3 billion as of March 31, 2023, supported by brand strength, distribution network, low-cost leadership, and product breadth[15, 16, 17] - The company has recycled over 5 billion pounds of plastic film since its inception, utilizing 95% reclaimed and recycled materials in its durable decking[18, 19] - Trex has reduced its greenhouse gas emissions intensity by 33% between 2020 and 2021[19] Market Position and Growth - 82% of people say their outdoor space is more important to them than ever[32] - Trex residential growth from 2015 to 2022 was 140%, outpacing the outdoor living category's growth of 102% and the repair & remodeling sector's growth of 71%[38] - Trex holds a 12% market share of the $8 billion U S decking & railing category[39] Product Innovation and Value - Trex is launching a new luxury line with realistic wood grain and colors inspired by nature, with 2 colors available in Q1 2023 in select markets, backed by a new 50-year warranty[75] - Trex web traffic commands more than 60% of the category, generating high-quality Trex leads[99] Financial Performance and Capital Allocation - Trex has capital expenditures of $656 million since 2016[128] - The company has $745 million in share repurchases over the past 10 years, including $395 million in 2022 repurchases[129] - The company anticipates capital expenditures of $130-140 million, SG&A at 15-16% of sales, depreciation & amortization of $45-47 million, a tax rate of 25-26%, and an EBITDA margin of 26-27%[141]