Trex Company Reports on Recent Share Repurchases
2024年8月20日 - 5:15AM
ビジネスワイヤ(英語)
Trex Company, Inc. (NYSE:TREX), the world’s largest manufacturer
of high-performance, low-maintenance composite decking and railing,
and a leading brand of outdoor living products, today reported on
recent repurchases of its common stock.
In the third quarter 2024, the Company has repurchased 822,400
shares at an average price of $60.83 per share, for a total of $50
million, as part of the Stock Repurchase Program adopted by its
Board of Directors on May 4, 2023. As of August 19, 2024, the
Company has 9.7 million shares remaining on its existing repurchase
authority under the Stock Repurchase Program. The Stock Repurchase
Program has no set expiration date.
"These share repurchases reflect our confidence in the Company’s
long-term growth prospects and highlight our commitment to
returning capital to shareholders,” said Bryan Fairbanks, President
and CEO.
About Trex Company
For more than 30 years, Trex Company [NYSE: TREX] has invented,
reinvented and defined the composite decking category. Today, the
Company is the world’s #1 brand of sustainably made,
wood-alternative decking and deck railing, and a leader in high
performance, low-maintenance outdoor living products. The
undisputed global leader, Trex boasts the industry’s strongest
distribution network with products sold through more than 6,700
retail outlets across six continents. Through strategic licensing
agreements, the Company offers a comprehensive outdoor living
portfolio that includes deck drainage, flashing tapes, LED
lighting, outdoor kitchen components, pergolas, spiral stairs,
fencing, lattice, cornhole and outdoor furniture – all marketed
under the Trex® brand. Based in Winchester, Va., Trex is proud to
have been named America’s Most Trusted® Outdoor Decking* four years
in a row (2021-2024). The Company was also recently included on
Barron’s list of the 100 Most Sustainable U.S. Companies 2024,
named one of America’s Most Responsible Companies 2024 by Newsweek
and ranked as one of the 100 Best ESG Companies for 2023 by
Investor’s Business Daily. For more information, visit Trex.com.
You may also follow Trex on Facebook (trexcompany), Instagram
(trexcompany), X (Trex_Company), LinkedIn (trex-company), TikTok
(trexcompany), Pinterest (trexcompany) and Houzz
(trex-company-inc), or view product and demonstration videos on the
brand’s YouTube channel (TheTrexCo).
*Trex received the highest numerical score in the proprietary
Lifestory Research 2021-2024 America’s Most Trusted® Outdoor
Decking studies. Study results are based on experiences and
perceptions of people surveyed. Your experiences may vary. Visit
www.lifestoryresearch.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240819471898/en/
Brenda K. Lovcik Senior Vice President and CFO 540-542-6300
Lynn Morgen Casey Kotary ADVISIRY Partners 212-750-5800
lynn.morgen@advisiry.com casey.kotary@advisiry.com
Trex (NYSE:TREX)
過去 株価チャート
から 7 2024 まで 8 2024
Trex (NYSE:TREX)
過去 株価チャート
から 8 2023 まで 8 2024