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WINCHESTER, Va. - Trex Company (NYSE:TREX), a leading manufacturer of wood-alternative decking and railing with a market capitalization of $7.12 billion and impressive 42.5% gross margins, has announced the expansion of its Trex Select® line with the addition of three new colors and the industry’s first heat-mitigating technology at a mid-tier price point. According to InvestingPro analysis, the company has maintained profitability over the last twelve months, with revenue reaching $1.18 billion. The new offerings, which include advanced performance features, are set to be available in the Midwest and East Coast in April, with plans to extend to the West Coast in the summer.
The newly introduced colors - Malted Barley, Millstone, and Whiskey Barrel - are designed to meet current consumer preferences for on-trend hues and feature a new grain pattern with subtle streaking and embossing. These additions are expected to bolster the company’s mid-tier product portfolio, which has been overshadowed by innovations at the premium and entry-level segments. With an 8.1% revenue growth in the last twelve months, Trex continues to expand its market presence. For deeper insights into Trex’s growth strategy and comprehensive financial analysis, investors can access detailed Pro Research Reports on InvestingPro, which covers over 1,400 US stocks.
A standout feature of the new Trex Select decking is the proprietary SunComfortable™ IR technology, which is engineered into the shell of the boards to reflect the sun and maintain a cooler surface compared to similar composite decking products. This technology is intended to set a new standard for comfort in outdoor living spaces.
In addition to the heat-mitigation properties, Trex Select decking is submersible and fully rated for W.U.I. (Wild Urban Interface (NASDAQ:TILE)) compliance, making it suitable for marine environments and regions prone to wildfires. The solid board profile offers increased durability and structural integrity, with the ability to be curved. The decking also supports the Trex Hideaway® Hidden Fastener Collection for a seamless finish.
Trex Select decking is backed by a 35-year Limited Residential and Fade & Stain Warranty, along with a 10-year Limited Commercial Warranty, providing customers with added assurance of the product’s longevity.
As with all Trex decking products, the Select line is made from up to 95% recycled and reclaimed content and is engineered to resist stains, scratches, and mold. The boards do not rot, warp, crack, or splinter like wood, and require minimal maintenance.
This expansion is part of Trex’s ongoing efforts to lead the composite decking category with high-performance, low-maintenance products. The company has been recognized for its commitment to sustainability and has received accolades such as America’s Most Trusted® Outdoor Decking for five consecutive years and inclusion on lists of sustainable and responsible companies. InvestingPro data reveals that Trex trades at a P/E ratio of 30.35 and has demonstrated high returns over the last decade, with current InvestingPro Fair Value calculations suggesting the stock may be slightly undervalued. Investors can find 8 additional exclusive ProTips and comprehensive valuation metrics through an InvestingPro subscription.
The information in this article is based on a press release statement from Trex Company, Inc.
In other recent news, Benchmark analysts have identified HLMN as their top pick for fiscal year 2025 within the housing sector. This comes as the market adapts to a prolonged period of high interest rates, which has notably benefited new single-family home construction. Analysts have observed that the repair and remodel market has slowed, with current activities driven by homeowners making necessary repairs or upgrades while staying in their homes. Despite a decrease in market valuation below long-term averages, Benchmark analysts believe this presents a more reasonable entry point for investors. The firm expects a low to mid-single digit growth rate for new single-family home construction, while the multi-family and repair and remodel sectors are predicted to remain stable unless interest rates change. Additionally, Benchmark has highlighted NX for its potential catalyst following a recent merger and an upcoming Analyst Day. Companies like BLD, IBP, and BECN are noted for their roles in secular themes such as insulation and roofing. Meanwhile, TREX, AZEK, and UFPI are recommended for their focus on outdoor living.
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