Trex(US:TREX)2025-06-16 16:28Company Overview - Trex is the 1 brand in trust, consumer awareness, search, traffic, social media, sales, and market share[13] - Trex decking is made of 95% reclaimed and recycled materials, and the company has recycled over 5 billion pounds of plastic film since inception[14] - The company has a market cap supported by brand, distribution, low-cost leadership, and product breadth[15] Market Opportunity and Growth - Trex Residential experienced 140% growth from 2015 to 2022, outpacing the outdoor living category's 102% growth and the repair & remodeling category's 71% growth[32] - Trex has a 12% market share of the $8 billion U S decking & railing category[33] - Homeowners are increasingly allocating budgets to outdoor living spaces, with 25% of overall budgets going to upgrades[37] - The company estimates $400 million in expenditures for the Arkansas site through 2026[42] Sustainability and Impact - 95% of Trex decking is upcycled from diverted wastes[116] - The company reclaims approximately 13,000 pounds of scrap Trex boards and cut-off ends through a pilot circulatory program[116] - Trex recycles ~99% of water annually with closed-loop cooling systems at its Virginia and Nevada manufacturing facilities[117] Financial Performance and Guidance - Trex Residential adjusted sales for TTM 2024 were $1.23 billion[130] - Trex Residential adjusted EBITDA for TTM 2024 was $388 million, representing 32% of net sales[132] - The company projects full-year revenue growth of 11-13%[135]