trex stock split september 2020

trex stock split september 2020

All positions were amended as per normal when a stock split is present. Trex Residential Products gross margin was 44%, compared to 41% in the first half of 2019. The Ex-distribution Date is September 15, 2020. Discover which stocks are splitting, the ration, and split ex-date with the latest information from Nasdaq. Sep. 8, 2020, 02:00 PM. The Payable Date is September 14, 2020. “First half results give us confidence that 2020 will be another year of strong growth for Trex. Second Quarter 2020 Conference Call and Webcast Information. Press Release Trex Company’s 2-For-1 Stock Split Becomes Effective Today Published: Sept. 15, 2020 at 8:00 a.m. 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. 2 0 obj endobj endobj <> In an unprecedented 10-year streak, Green Builder Media Readers’ Choice Awards named Trex as the “greenest” decking brand. And it … Complete your yard with our framing, railing, & lighting. xœ½\kOIýŽÄhiWZ{Š®wwE 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. 17 0 obj Second Quarter 2020 Conference Call and Webcast Information “Our gross margin performance reflected improvements in both Trex Residential and Trex Commercial. From MarketWatch. Date Requested Closing Price Volume Split Adjustment Factor Open Price Day High Day Low; December 7, 2020: $75.62: 548,607: 1:1: $74.49: $76.21: $73.97: December 8, 2020 endstream 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. Tickers TREX. Net income for the second quarter of 2020 was $47 million, or $0.81 per diluted share, 32% and 33% respectively, ahead of the $36 million, or $0.61 per diluted share, reported in last year’s second quarter. The newly minted shares will be issued to shareholders after the closing bell on Friday, September 11th. Find the latest press releases from Trex Company, Inc. Common Stock (TREX) ... Trex Company’s 2-For-1 Stock Split Becomes Effective Today. GlobeNewswire. These statements are subject to risks and uncertainties that could cause the Company’s actual operating results to differ materially. “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. After the Tesla Stock Split: 2 "Splits" to Avoid, and 1 to Watch. TREX earnings call for the period ending September 30, 2020. TREX COMPANY, INC. - 2 FOR 1 STOCK SPLIT OPTION SYMBOL: TREX An investor that had 100 shares of Trex stock prior to the split would have 200 shares after the split. ‰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. endobj Earlier this month, Tesla announced a 1-for-5 share split, which was preceded by Apple’s 1-for-4 split in July.Tech stocks have rallied to all-time highs in 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. PRESS RELEASE Businesswire . Please see the "Historical Prices" tab for adjusted price values. ... Trex Company Announces September 2020 Investor Conference Schedule. A live webcast of the conference call will be available in the Investor Relations section of the Trex Company website at 2Q20 Earnings Webcast. “Our $200 million capital expansion program is progressing on schedule and will enable us to meet continued demand growth. EBITDA increased 32% to $67.5 million, and EBITDA margin expanded to 30.6% from 24.8% in the second quarter of 2019. Stock split history for Trex since 1999. Net sales for the first half of 2020 were $421 million, 9% above the $386 million reported for the comparable period in 2019. This gain has accelerated with the launch of Enhance decking products that have narrowed the price gap between composites and wood. WINCHESTER, Va.--(BUSINESS WIRE)--Aug 3, 2020--. <>stream Find out which publicly traded stocks are splitting each month, the split ratio, … Trex Company’s 2-For-1 Stock Split Becomes Effective Today. 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. 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. Trex Commercial Products gross margin expanded to 32.3% from 21%. As of September 2020, SHOP is in the exact same boat that AAPL and TSLA were in before they split. To participate on the day of the call, dial 1-877-270-2148, or internationally 1-412-902-6510, approximately ten minutes before the call and tell the operator you wish to join the Trex Company Conference Call. The Ex-distribution Date is September 15, 2020. Today, the 15/09/2020, Trex Company, Inc. (TREX) underwent a stock split with a ratio of 1:2. <> EBITDA increased 34.9% to $126 million, and EBITDA margin expanded 570 basis points year-over-year to 30%. Trading for nearly $1,400, it’s become a mighty-pricey stock. A few days later and with a lot less fanfare, Trex Company Inc (NYSE:TREX) also announced an upcoming stock split. TREX's third split took place on September 15, 2020. “Reflecting our continued positive outlook, the Trex Board of Directors has approved a 2-for-1 stock split of the Company’s common shares. Business Wire. Detailed statistics for Trex Company (TREX) stock, including valuation metrics, financial numbers, share information and more. Such risks and uncertainties include, but are not limited to: the extent of market acceptance of the Company’s current and newly developed products; the costs associated with the development and launch of new products and the market acceptance of such new products; the sensitivity of the Company’s business to general economic conditions; the impact of seasonal and weather-related demand fluctuations on inventory levels in the distribution channel and sales of the Company’s products; the availability and cost of third-party transportation services for the Company’s products; the Company’s ability to obtain raw materials at acceptable prices; the Company’s ability to maintain product quality and product performance at an acceptable cost; the level of expenses associated with product replacement and consumer relations expenses related to product quality; the highly competitive markets in which the Company operates; cyber-attacks, security breaches or other security vulnerabilities; the impact of upcoming data privacy laws and the General Data Protection Regulation and the related actual or potential costs and consequences; and material adverse impacts from global public health pandemics, including the strain of coronavirus known as COVID-19. “Before commenting on our results, we want to recognize the tremendous efforts of the Trex team in ensuring that we were able to remain fully operational in a safe and effective manner and drive high single-digit sales growth during these challenging times. 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. The big news in the world of splits was, of course, the recent declaration by Apple of a 4 for 1 split, effective 8/31, notes split expert Neil Macneale, editor of 2 for 1.. And, on 8/3, Trex Inc. announced a 2 for 1 split effective 9/14.Then, Tesla Inc. piled on and announced a 5 for 1 split, effective 8/28.Let’s hope this is a signal the drought in stock splits is coming to an end. With improved clarity in the market, we are again able to provide full year financial guidance. Tickers NOG TREX TSLA WLL. ... September 8, 2020 8:00 AM EDT. Trex Company, Inc. (TREX) has announced a 2 for 1 stock split. shareholders of record at the close of business on August 19, 2020,” Mr. Fairbanks concluded. “Reflecting our continued positive outlook, the Trex Board of Directors has approved a 2-for-1 stock split of the Company’s common shares. ... September 01, 2020. 7 0 obj Trex Stock. Build your dream deck with Trex, the world's best high-performance composite decking brand. The 2-1 split was announced on Monday, August 3rd. endobj September 15, 2020 08:00 AM Eastern Daylight Time. First half 2020 consolidated gross margin was 43.3%, compared to 39.6% in 2019. Tags Market News TREX. Tags MTH Retail BLD. <>stream The Payable Date is September 14, 2020. Shares rose 2% late after closing up 3.6% to 144.40 on the stock market today.Trex stock hit a record high and is now modestly above its buy zone after breaking out of a … Trex Company is the world’s largest manufacturer of high-performance wood-alternative decking and railing with more than 25 years of product experience. Press release content from Business Wire. Trex Company, Inc. (TREX) has announced a 2 for 1 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. Trex Enhance ® Basics and Naturals decking has significantly expanded the size of our addressable market and has accelerated our ability to take share from wood, while Trex Transcend ® and Trex Select ® decking continued to gain market share. Trex is the only composite decking manufacturer to have held this title since the program’s inception in 2009. %PDF-1.7 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. Tweet Share E-mail. The last stock split was on September 15, 2020. For more information, visit trex.com. 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. For example, a 4000 share position pre-split, became a 8000 share position following the split. 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. August 04, 2020. The stock split will be in … Trex Company's 2-For-1 Stock Split Becomes Effective Today. View source version on businesswire.com:https://www.businesswire.com/news/home/20200803005570/en/, KEYWORD: DISTRICT OF COLUMBIA VIRGINIA UNITED STATES NORTH AMERICA, INDUSTRY KEYWORD: OTHER MANUFACTURING COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY FINANCE PROFESSIONAL SERVICES MANUFACTURING BUILDING SYSTEMS ARCHITECTURE RESIDENTIAL BUILDING & REAL ESTATE, PUB: 08/03/2020 04:01 PM/DISC: 08/03/2020 04:01 PM, http://www.businesswire.com/news/home/20200803005570/en. Reflecting our positive outlook, the Trex Board of Directors has approved a two-for-one stock split of the company's common shares. Trex (TREX) delivered earnings and revenue surprises of 7.89% and 4.23%, respectively, for the quarter ended September 2020. ... Why Trex Stock Fell Today. We consider EBITDA to be an important supplemental indicator of our core operating performance because it eliminates many differences among companies in capitalization and tax structures, capital investment cycles and ages of related assets. On August 3, 2020, the Company announced Board approval for a 2-for-1 stock split. Reconciliation of net income (GAAP) to EBITDA (non-GAAP) is as follows: EBITDA as a percentage of net sales (EBITDA margin). Stock Split Calendar ; Ratings. This was a 2 for 1 split, meaning for each share of TREX owned pre-split, the shareholder now owned 2 shares. ... Trex Company Inc (TREX) Q3 2020 Earnings Call Transcript ... the third quarter of 2019 adjusted for the stock split … ... Trex Companys 2-For-1 Stock Split Becomes Effective Today. Trex Company’s 2-For-1 Stock Split Becomes Effective Today. Do the numbers hold clues to what lies ahead for the stock? %âãÏÓ Trex Commercial gross margin reflected quarter-specific project mix, as well as improvements in overall execution and manufacturing cost savings. For the 13th consecutive year, Trex was ranked No. Trex Residential Products sales increased 8% year-over-year to $209 million, with Trex Commercial Products contributing $12 million. “Reflecting our continued positive outlook, the Trex Board of Directors has approved a 2-for-1 stock split of the Company’s common shares. SG&A was $29 million, or 13.2% of sales, compared to 17.3% of sales in the year ago quarter. The 80-basis point expansion in Trex Residential gross margin was primarily due to improved throughput and reduced material costs in our Enhance product line, partially offset by startup costs for the new capacity in Nevada. Trex's stock split before market open on Monday, September 14th 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. 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. “Strong second quarter results demonstrated continued broad-based demand for Trex decking and railing products reinforcing our leadership position in outdoor living. 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. 4 0 obj Trex Company Wins 2020 Sustainability Award for Organizational Leadership. Saturday, August 29, 2020 | MarketBeat Trex Company Inc (NYSE:TREX)'s stock is going to split on Monday, September 14th. Consolidated net sales for the second quarter of 2020 were $221 million, 7% ahead of the comparable period in 2019. endobj Trex Residential Products sales were up 10% to $396 million, with Trex Commercial Products contributing an additional $25 million. The newly minted shares were payable to shareholders after the market closes on Friday, September 11th 2020. (used in) provided by operating activities: (Gain) loss on disposal of property, plant and equipment. 3 0 obj Detailed statistics for Trex Company (TREX) stock, including valuation metrics, financial numbers, share information and more. ... Trex Company Announces September 2020 Investor Conference Schedule. 1 0 obj In addition, Trex brand received the best Brand Index score for the decking category – a new addition to the Green Builder program for 2020. Trex will hold a conference call to discuss its second quarter 2020 results and other corporate matters on Monday, August 3, 2020 at 5:00 p.m. EDT. Business Wire. The 2-1 split was announced on Monday, August 3rd 2020. 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. If stock splits are making a comeback, it … ... Trex Company’s 2-For-1 Stock Split … 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. Connect with the definitive source for global and local news, https://www.businesswire.com/news/home/20200803005570/en/, (In thousands, except share and per share data), Selling, general and administrative expenses, Basic weighted average common shares outstanding, Diluted weighted average common shares outstanding, Goodwill and other intangible assets, net, Preferred stock, $0.01 par value, 3,000,000 shares authorized; none issued and outstanding, Common stock, $0.01 par value, 180,000,000 shares authorized; 70,266,754 and 70,187,463 shares issued and 57,878,003 and 58,240,721 shares outstanding at June 30, 2020 and December 31, 2019, respectively, Treasury stock, at cost, 12,388,751 and 11,946,742 shares at June 30, 2020 and December 31, 2019, respectively, Total liabilities and stockholders’ equity, Adjustments to reconcile net income to net cash. <>/Metadata 2 0 R/ViewerPreferences 6 0 R>> Tickers AAON AAPL ACM AGX. Consolidated gross margin expanded by 150 basis points to 41.9%, representing gross margins of 42.5% and 30.7% for Trex Residential Products and Trex Commercial Products, respectively. We expect full year 2020 incremental gross margin to be 45% to 50% inclusive of additional COVID-19 related expenses, full year SG&A as a percentage of sales to improve by 80 to 100 basis points compared to the prior year, a full year tax rate of approximately 25% and full year capital spending of $150 million to $170 million. 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. 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. Trex Company Announces September 2020 Investor Conference Schedule. Additionally, market leadership, brand recognition and strong channel partnerships have enabled Trex to gain share from the large wood market as consumers increasingly recognize the benefits of Trex composite products. ET <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/MediaBox[0 0 612 792]/Contents 17 0 R/Group<>/Tabs/S/StructParents 0>> Expanded 570 basis points year-over-year to 30 % their hard work and dedication split before market open on Monday September... 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