Trex (TREX) PT Raised to $80 at FBR Capital Following 2Q EPS Beat
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Trex Expands Into New Markets With Acquisition of SC Company and Launch of Trex Commercial Products
July 31, 2017 5:00 PM EDTWINCHESTER, VA -- (Marketwired) -- 07/31/17 --
Trex Company (NYSE: TREX), the world's number one decking and railing brand, and leader in high-performance, low-maintenance outdoor living products, today announced that it has acquired substantially all of the assets of SC Company, the country's leading manufacturer and supplier of custom architectural railings and staging solutions based in Brooklyn Park, MN. This strategic purchase expands Trex's reach into the... More
Trex Company Reports Second Quarter 2017 Results
July 31, 2017 4:01 PM EDTAnother Quarter of Record Revenue and Net Income
Trex Enters Commercial Market with Acquisition of SC Company
Second Quarter Highlights
--Net Sales increased 8% to record $158 million
--Gross Margin expanded 370 basis points to 45.6%
--Diluted EPS increased 21% to $0.97
Third Quarter Revenue Guidance: $126 million, Inclusive of $9 million Contribution from SC Company
WINCHESTER, Va.--(BUSINESS WIRE)-- Trex Company, Inc. (NYSE: TREX), the worlds number-one brand of decking and railing and leader in high-performance, low-maintenance outdoor living products, today reported financial results for the second quarter... More
Trex Acquires SC Company—a Fast-Growing Market Leader in Modular and Architectural Railings and Arena Staging/Seating Systems
July 31, 2017 4:01 PM EDTExpands Trexs Markets with Launch of Trex Commercial Products Subsidiary Builds Revenue Synergies by Leveraging Brand Recognition, Sales Channel Partnerships and Engineering Capabilities of Both Companies Transaction to be Immediately Accretive to EBITDA
WINCHESTER, Va.--(BUSINESS WIRE)-- Trex Company, Inc. (NYSE: TREX), the worlds number-one brand of decking and railing and leader in high-performance, low maintenance outdoor living products, today announced that it has closed the acquisition of SC Company.
Based in Brooklyn Park, a... More
