xœ½\kOIýŽÄhiWZ{Š®wwE TREX COMPANY, INC. - 2 FOR 1 STOCK SPLIT OPTION SYMBOL: TREX Documents filed with the Securities and Exchange Commission by the Company, including in particular its latest annual report on Form 10-K and quarterly reports on Form 10-Q, discuss some of the important factors that could cause the Company’s actual results to differ materially from those expressed or implied in these forward-looking statements. September 15, 2020 08:00 AM Eastern Daylight Time. In an unprecedented 10-year streak, Green Builder Media Readers’ Choice Awards named Trex as the “greenest” decking brand. Tickers NOG TREX TSLA WLL. This gain has accelerated with the launch of Enhance decking products that have narrowed the price gap between composites and wood. Second Quarter 2020 Conference Call and Webcast Information 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. “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. The statements in this press release regarding the Company’s expected future performance and condition constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Reconciliation of net income (GAAP) to EBITDA (non-GAAP) is as follows: EBITDA as a percentage of net sales (EBITDA margin). ‰È†gwFÉ~p É°pƆUåv™ÛD±ۏsßuÏ­²³ýwÙ³gû'‡ÇGYþüyvpt˜ýµ»“³ÿ•\dyfà֖"W»;ÿù%»ÝÝ9ìîìÿÊ3Ír• ®vw8¼,Ïx& +Mf`&ÜÀ‹^Ûìó>0ûìÓG¯vw>ô²þ³Áëݝ—ðqÿÚÝÉ^žfق@, TREX COMPANY, INC. - 2 FOR 1 STOCK SPLIT OPTION SYMBOL: TREX. Trex Company’s 2-For-1 Stock Split Becomes Effective Today. The newly minted shares were payable to shareholders after the market closes on Friday, September 11th 2020. Reflecting our positive outlook, the Trex Board of Directors has approved a two-for-one stock split of the company's common shares. Do the numbers hold clues to what lies ahead for the stock? The Ex-distribution Date is September 15, 2020. 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. Tickers TREX. SG&A was $64 million, or 15.1% of net sales, compared to $66 million, or 17.1% of net sales, in the first half of 2019. Our team demonstrated exceptional resilience, and we thank them for their hard work and dedication. Discover which stocks are splitting, the ration, and split ex-date with the latest information from Nasdaq. Also, Trex is a leading national provider of custom-engineered railing and staging systems for the commercial and multi-family market, including performing arts venues and sports stadiums. If stock splits are making a comeback, it … On August 3, 2020, the Company announced Board approval for a 2-for-1 stock split. And it … SG&A was $29 million, or 13.2% of sales, compared to 17.3% of sales in the year ago quarter. Net income was $90 million, or $1.54 per diluted share, for the first half of 2020, compared to net income of $67 million, or $1.14 per diluted share, for the first half of 2019. TBD = To Be Determined *Stock split calendar data is compiled from sources such as company websites and/or other third party public and private sources. Net sales for the first half of 2020 were $421 million, 9% above the $386 million reported for the comparable period in 2019. Please see the "Historical Prices" tab for adjusted price values. “Reflecting our continued positive outlook, the Trex Board of Directors has approved a 2-for-1 stock split of the Company’s common shares. <>stream WINCHESTER, Va.--(BUSINESS WIRE)--Aug 3, 2020--. ... September 8, 2020 8:00 AM EDT. Trex Company Announces September 2020 Investor Conference Schedule. 17 0 obj A few days later and with a lot less fanfare, Trex Company Inc (NYSE:TREX) also announced an upcoming stock split. We started three new production lines in our Nevada facility late in the second quarter and will continue to deploy our strong operating cash flow to build out our new Virginia facility, which is scheduled to start coming online early in the first quarter of 2021. In addition, Trex brand received the best Brand Index score for the decking category – a new addition to the Green Builder program for 2020. “For the third quarter of 2020, we expect consolidated net sales of approximately $215 million to $225 million, representing 13% year-over-year growth at the midpoint. OCC Stock Split Calendar ; Ratings. Press Release Trex Company’s 2-For-1 Stock Split Becomes Effective Today Published: Sept. 15, 2020 at 8:00 a.m. Trex (TREX) delivered earnings and revenue surprises of 7.89% and 4.23%, respectively, for the quarter ended September 2020. From MarketWatch. 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