Trex CFO resigns, CEO to assume interim role in August

WINCHESTER, Va. - Trex Company, Inc. (NYSE:TREX), currently trading at $55.31 with a market capitalization of $5.9 billion, announced Wednesday that Senior Vice President and Chief Financial Officer Brenda Lovcik has resigned to accept a position in Minnesota closer to her family.

According to a press release statement, Lovcik will continue serving as CFO through August 5, 2025, after which CEO Bryan Fairbanks will assume the responsibilities on an interim basis. Fairbanks previously served as CFO from August 2015 until April 2020, when he was named CEO. InvestingPro data shows the company maintains a Fair financial health rating, with particularly strong profitability scores.

"We appreciate Brenda’s contributions to the Trex Company and the financial experience she brought to our organization," said Fairbanks.

The company, which manufactures wood-alternative decking and railing products, has initiated a search for a new CFO.

Trex reiterated its financial guidance for 2025, projecting revenue growth of 5%-7% and an adjusted EBITDA margin exceeding 31%. The company also confirmed it remains on track to achieve its second quarter revenue guidance of $370 million to $380 million.

Trex Company, based in Winchester, Virginia, has been in operation for more than 30 years and distributes its products through over 6,700 retail outlets across six continents. The company maintains a moderate debt level with a debt-to-equity ratio of 0.54 and has demonstrated profitability with a gross margin of 40.6% over the last twelve months.

In other recent news, Trex Company Inc. reported its Q1 2025 earnings, revealing a revenue of $340 million, which exceeded forecasts by approximately $10.88 million, and an EPS of $0.60, meeting analysts’ expectations. The company reaffirmed its full-year outlook, projecting a sales growth of 5%-7% and EBITDA margins exceeding 31%. Despite surpassing expectations, Trex’s guidance for the second quarter suggests flat sales compared to the previous year. Analyst firms have varied opinions on Trex’s stock, with Benchmark maintaining a Buy rating with an $80 price target, while Stephens adjusted its price target to $65 from $73, maintaining an Equal Weight rating. DA Davidson also maintained a Neutral stance with a $60 price target, expressing caution due to potential delayed effects on consumer confidence. The company’s performance has been bolstered by strong demand for its premium products and strategic positioning in the market, although competitive pressures and economic uncertainties pose challenges. Trex’s commitment to innovation and operational improvements continues to drive its positive outlook for the remainder of 2025.

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