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WINCHESTER, Va. - Trex Company, Inc. (NYSE:TREX), a manufacturer of composite decking and railing products with a market capitalization of $5.57 billion and trailing twelve-month revenue of $1.13 billion, announced Wednesday the appointment of Prithvi "Prith" Gandhi as Senior Vice President and Chief Financial Officer, effective October 6, 2025. According to InvestingPro analysis, the company maintains strong profitability with a 39.31% gross margin despite recent market volatility.
Gandhi brings over 25 years of financial leadership experience to Trex. He most recently served as Executive Vice President and CFO at Beacon Roofing Supply, where he focused on financial planning and cost reduction initiatives. Previously, he was Vice President and CFO at TAMKO Building Products, LLC, and held multiple senior finance roles at Owens Corning (NYSE:OC), including serving as Interim CFO from 2019-2020. Gandhi joins Trex as the company trades near its 52-week low of $49.01, with InvestingPro data showing multiple growth opportunities and financial metrics available for deeper analysis.
"I am pleased to join the executive leadership team at Trex," Gandhi said in the press release.
Bryan Fairbanks, President and CEO of Trex Company, expressed confidence in the new appointment, noting Gandhi’s "extensive leadership experience in finance, corporate strategy and development in the Building Products sector."
Gandhi holds a Bachelor of Science degree in Mathematics and Economics from the University of California, a Master of Arts degree in International Economics from Georgetown University, and an MBA with a concentration in Finance and Accounting from the Wharton School of Business.
Trex Company, based in Winchester, Virginia, manufactures wood-alternative decking and residential railing products. According to the company statement, Trex sells its products through more than 6,700 retail outlets across six continents. The company operates with a moderate debt level and maintains a healthy current ratio of 1.08, demonstrating solid financial stability. Detailed analysis of Trex’s financial health and growth prospects is available through InvestingPro’s comprehensive research reports.
In other recent news, Trex Company reported its second-quarter 2025 earnings, surpassing analyst expectations with an earnings per share of $0.73 against the forecasted $0.71. The company also exceeded revenue projections, reporting $388 million compared to the anticipated $377.57 million. Following this, Benchmark reiterated its Buy rating with an $80 price target, highlighting the company’s performance despite challenging conditions. DA Davidson raised its price target for Trex to $65 from $60, citing confidence in the company’s ability to meet full-year sales growth targets and noting improvements in gross margins. Truist Securities also maintained its Buy rating on Trex with a $75 price target, emphasizing the company’s positive outlook despite recent stock performance concerns. The firm’s analysis pointed to growth estimates that remain consistent, which is notable in their coverage. These developments come as Trex navigates a competitive market landscape, with analysts keeping a close watch on its financial health and strategic moves.
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