Latest news with #decking
Yahoo
3 days ago
- Business
- Yahoo
Trex's (NYSE:TREX) Q2 Sales Top Estimates
Composite decking and railing products manufacturer Trex Company (NYSE:TREX) beat Wall Street's revenue expectations in Q2 CY2025, with sales up 3% year on year to $387.8 million. On the other hand, next quarter's revenue guidance of $300 million was less impressive, coming in 1% below analysts' estimates. Its non-GAAP profit of $0.73 per share was 2.8% above analysts' consensus estimates. Is now the time to buy Trex? Find out in our full research report. Trex (TREX) Q2 CY2025 Highlights: Revenue: $387.8 million vs analyst estimates of $377.1 million (3% year-on-year growth, 2.8% beat) Adjusted EPS: $0.73 vs analyst estimates of $0.71 (2.8% beat) Adjusted EBITDA: $122 million vs analyst estimates of $117.9 million (31.5% margin, 3.5% beat) Revenue Guidance for Q3 CY2025 is $300 million at the midpoint, below analyst estimates of $303.1 million Operating Margin: 26.4%, down from 31.1% in the same quarter last year Free Cash Flow Margin: 52.3%, up from 42% in the same quarter last year Market Capitalization: $6.8 billion 'Our prominent position in both the pro channel and home centers enabled Trex to deliver another quarter of sales performance that exceeded expectations,' said Bryan Fairbanks, President and CEO. Company Overview Addressing the demand for aesthetically-pleasing and unique outdoor living spaces, Trex Company (NYSE:TREX) makes wood-alternative decking, railing, and patio furniture. Revenue Growth Examining a company's long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Thankfully, Trex's 7.7% annualized revenue growth over the last five years was decent. Its growth was slightly above the average industrials company and shows its offerings resonate with customers. Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. Trex's annualized revenue growth of 7.6% over the last two years aligns with its five-year trend, suggesting its demand was stable. This quarter, Trex reported modest year-on-year revenue growth of 3% but beat Wall Street's estimates by 2.8%. Company management is currently guiding for a 28.4% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 13% over the next 12 months, an improvement versus the last two years. This projection is noteworthy and suggests its newer products and services will catalyze better top-line performance. Software is eating the world and there is virtually no industry left that has been untouched by it. That drives increasing demand for tools helping software developers do their jobs, whether it be monitoring critical cloud infrastructure, integrating audio and video functionality, or ensuring smooth content streaming. Click here to access a free report on our 3 favorite stocks to play this generational megatrend. Operating Margin Operating margin is one of the best measures of profitability because it tells us how much money a company takes home after procuring and manufacturing its products, marketing and selling those products, and most importantly, keeping them relevant through research and development. Trex has been a well-oiled machine over the last five years. It demonstrated elite profitability for an industrials business, boasting an average operating margin of 24.5%. This result isn't surprising as its high gross margin gives it a favorable starting point. Looking at the trend in its profitability, Trex's operating margin decreased by 3.3 percentage points over the last five years. This raises questions about the company's expense base because its revenue growth should have given it leverage on its fixed costs, resulting in better economies of scale and profitability. In Q2, Trex generated an operating margin profit margin of 26.4%, down 4.6 percentage points year on year. Since Trex's operating margin decreased more than its gross margin, we can assume it was less efficient because expenses such as marketing, R&D, and administrative overhead increased. Earnings Per Share Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. Trex's EPS grew at an unimpressive 4.5% compounded annual growth rate over the last five years, lower than its 7.7% annualized revenue growth. This tells us the company became less profitable on a per-share basis as it expanded due to non-fundamental factors such as interest expenses and taxes. We can take a deeper look into Trex's earnings to better understand the drivers of its performance. As we mentioned earlier, Trex's operating margin declined by 3.3 percentage points over the last five years. This was the most relevant factor (aside from the revenue impact) behind its lower earnings; interest expenses and taxes can also affect EPS but don't tell us as much about a company's fundamentals. Like with revenue, we analyze EPS over a shorter period to see if we are missing a change in the business. For Trex, its two-year annual EPS growth of 10.7% was higher than its five-year trend. This acceleration made it one of the faster-growing industrials companies in recent history. In Q2, Trex reported adjusted EPS at $0.73, down from $0.80 in the same quarter last year. Despite falling year on year, this print beat analysts' estimates by 2.8%. Over the next 12 months, Wall Street expects Trex's full-year EPS of $1.79 to grow 34.1%. Key Takeaways from Trex's Q2 Results We enjoyed seeing Trex beat analysts' revenue expectations this quarter. We were also happy its EBITDA outperformed Wall Street's estimates. On the other hand, its revenue guidance for next quarter slightly missed. Overall, this print was mixed. The stock remained flat at $64.50 immediately following the results. Sure, Trex had a solid quarter, but if we look at the bigger picture, is this stock a buy? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Sun
09-07-2025
- Lifestyle
- The Sun
I saved hundreds by building my own decking – I used freebie pallets, did it on a budget & people think it looks ‘pukka'
RATHER than paying thousands of pounds for a professional to build her decking, a DIY enthusiast has revealed that she and her partner decided to do it themselves on the cheap. The savvy blonde confirmed that they were able to keep the costs low and save hundreds by using second-hand buys. 2 2 Eager to show off her DIY decking, the content creator who posts online under the username 'Myrtle Makeover', shared a before and after look at her garden, leaving many totally stunned. The influencer confirmed that she used freebie pallets to build the decking and now people think it looks 'pukka.' Posting on social media, the mother, who is from Suffolk, uploaded a snap prior to the garden overhaul. But what was once a very empty and plain corner, has since been given a mega makeover and is now the perfect place to relax during summer nights. Alongside her post, the DIY fan wrote: 'DIY decking on a budget, made from pallets and wood cut offs given to us!' The savvy mum confirmed: 'Spent less than £200 on building the decking where we would've been charged more than double that and the rest for someone to come and do it for us!' The DIY fan then explained that to do the decking, her partner first levelled out the ground. They then used second hand pallets, which they laid flat so they were all level. Following this, the couple drilled in the decking on top of the pallets and drilled the sides into the fence to ensure there was no movement. Thrilled with the quick, easy and affordable makeover, the mother beamed: 'So pleased with how this came out!' How to make a garden arch using woden And not only did this woman and her partner build the decking, but they also kitted out the area with garden furniture, plants and lighting. The bargain hunter confirmed that she purchased her string lights from TikTok Shop, and claimed they were 'incredible at night time.' Garden features that add the most value to a house A well-kept garden can add anywhere between 5-20% to the value of a property. carried out a study and consulted 36 estate agents, garden designers and property professionals from across the UK. And the experts revealed the garden feature which adds the most value to a property is a shed. Shed - 82% Patio or paving - 76% Secure fencing, walls or gates - 72% Outdoor lighting - 66% Sturdy decking - 62% Water features eg. fountain or pond - 58% Modern garden furniture - 54% Artificial lawn/grass - 40% DIY fans beam The TikTok clip, which was posted under the username @ myrtlemakeover, has clearly impressed many, as it has quickly racked up 58,900 views. Not only this, but it's also amassed 701 likes, 26 comments, 403 saves and 233 shares. Social media users were gobsmacked by the DIY decking and raced to the comments to express this. One person said: 'It looks so good.' Another added: 'This is amazing!!!' Top gardening trends of 2025 Gardening experts at Barnsdale Gardens has shared the top gardening trends of 2025. Matrix planting It seems that a top planting trend for this year is going to be Matrix Planting. In essence, planting in groups or blocks to give an effect of being wild whilst actually being carefully managed. Selection of the plants is essential, to give year-round interest either with flowers, seed heads or frosted/snowy spent flower heads. Some recommend using plants that seed around, but this could make managing your matrix planting harder to keep under control. Chrysanthemum comeback I hope that the humble Chrysanthemum makes as much of a comeback this year as Dahlias have over recent years, because the simple single flowered types, such as 'Innocence' and 'Cottage Apricot' would be spectacular within a matrix scheme. The hardy varieties are so easy to grow in a sunny spot and give such a valuable burst of late summer and autumn colour that would lift any dull- looking border. Blended borders For some time now we have been promoting the growing of veg within ornamental borders and I think this could really take off this year. The choice of ornamental-looking varieties available in seed catalogues is phenomenal and, if managed correctly, visitors to your garden will not even realise that you have veg growing! Must-have tool My secret is out. I discovered the Hori Hori a couple of years ago and now it seems so is everyone else. It is such a well-made, adaptable tool that can be used as a trowel or weeding tool in the garden that and everyone I speak to who have used it absolutely would not now be without it. Enough said! A third commented: 'Wow love this, looks amazing!' Meanwhile, someone else simply beamed: 'Pukka.' At the same time, one user asked: 'Did you put it straight on top of the grass? Was it easy to do?' To this, the DIY fan explained: 'Dug up underneath, used some pallets that were treated, levelled it all out and then bought the decking boards and screwed them all in.'
Associated Press
30-06-2025
- Business
- Associated Press
Trex Company Publishes 2024 Sustainability Report Highlighting How Circular Innovation Is Adding Value to the Business
WINCHESTER, Va.--(BUSINESS WIRE)--Jun 30, 2025-- Trex Company, Inc. (NYSE:TREX), the world's leading manufacturer of high-performance, wood-alternative decking and railing, today announced the release of its 2024 Sustainability Report . The comprehensive report details the company's continued leadership in materials circularity, environmental stewardship, and social responsibility—core to Trex's identity since its founding more than 30 years ago. 'I am proud of how Trex has seamlessly integrated sustainability into our business—not as an add-on, but as a core strategy,' said Bryan Fairbanks, President and CEO of Trex Company. 'Our sustainability program is built into our distinctive brand, enhances resilience, and drives stronger returns for our shareholders. This makes sustainability a win-win for both our business and society at large.' The company's 2024 Sustainability Report charts progress across the board. Key points include: Commitment to Circularity: In 2024, Trex sourced over 1 billion pounds of reclaimed polyethylene (PE) film and wood scrap—including 377 million pounds of waste plastic, making Trex one of one of North America's largest recyclers of PE. In 2024, Trex sourced over 1 billion pounds of reclaimed polyethylene (PE) film and wood scrap—including 377 million pounds of waste plastic, making Trex one of one of North America's largest recyclers of PE. Innovative Products: Trex decking and railing products are designed for durability, aesthetic appeal, and long-lasting performance, with limited warranties of up to 50 years. Our Enhance deck boards, built and priced to compete directly with wood, come with a 25-year warranty—about twice the lifespan of typical wood decking in outdoor conditions. This extended longevity significantly reduces the need for replacements, lowering the environmental impact. Trex decking and railing products are designed for durability, aesthetic appeal, and long-lasting performance, with limited warranties of up to 50 years. Our Enhance deck boards, built and priced to compete directly with wood, come with a 25-year warranty—about twice the lifespan of typical wood decking in outdoor conditions. This extended longevity significantly reduces the need for replacements, lowering the environmental impact. Efficiency in Manufacturing: Trex maximized resource efficiency by recycling nearly 100% of its production scrap. Trex also recycled 31% of its general waste that would otherwise have gone to landfill. Trex maximized resource efficiency by recycling nearly 100% of its production scrap. Trex also recycled 31% of its general waste that would otherwise have gone to landfill. Creating Opportunity for Employees: Trex expanded its learning and development programs and increased employee engagement. In 2024 alone, employees benefited from over 62,000 hours of training. Trex expanded its learning and development programs and increased employee engagement. In 2024 alone, employees benefited from over 62,000 hours of training. External Recognition: Trex was recognized as a Green Builder® Sustainable Brand Leader, included in Barron's 2024 list of Top Sustainable Companies, and received the Greater Good Award for Large Business of the Year from The Top of Virginia Regional Chamber. The report also outlines forward-looking initiatives, including expanded end-of-life product recycling pilots and new sourcing strategies to build resilience amid growing demand for recycled materials. 'Sustainability has always been integral to who we are,' said Amy Fernandez, Senior Vice President, Chief Legal Officer and Chief Sustainability Officer of Trex Company. 'Our 2024 report reflects our unwavering commitment to responsible growth, innovation, and continuous improvement.' The full 2024 Sustainability Report is available at . 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 railing, and a leader in high performance, low-maintenance outdoor living products. 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 earned top honors in this year's Environment + Energy (E+E) Leader Awards . Trex ® composite decking was not only named Product of the Year but also the Judges' Choice Winner as the top-scoring entry in the Consumer + Residential category. Trex is proud to have been named America's Most Trusted ® Outdoor Decking * 5 Years in a Row (2021-2025). The Company was also included on the Barron's list of the 100 Most Sustainable U.S. Companies (2024 and 2025), named one of America's Most Responsible Companies 2024 by Newsweek and ranked as one of the 100 Best ESG Companies by Investor's Business Daily. For more information, visit . 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). * 2021-2025 DISCLAIMER: Trex received the highest numerical score in the proprietary Lifestory Research 2021-2025 America's Most Trusted® Outdoor Decking studies. Study results are based on the experiences and perceptions of people surveyed. Your experiences may vary. Visit . View source version on CONTACT: Media Contact: Allison Kurtz L.C. Williams & Associates (312) 565-3900 KEYWORD: UNITED STATES NORTH AMERICA DISTRICT OF COLUMBIA VIRGINIA INDUSTRY KEYWORD: ARCHITECTURE RECYCLING MANUFACTURING OTHER CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE PROFESSIONAL SERVICES CONSTRUCTION & PROPERTY ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) ENVIRONMENT SUSTAINABILITY OTHER MANUFACTURING GREEN TECHNOLOGY LANDSCAPE SOURCE: Trex Company, Inc. Copyright Business Wire 2025. PUB: 06/30/2025 11:45 AM/DISC: 06/30/2025 11:45 AM
The Sun
26-06-2025
- Business
- The Sun
Spruce up your bland decking this summer with Lidl's £11.99 middle aisle gadget – & it's £55 cheaper than B&Q's version
LIDL has launched an £11.99 gadget that's perfect for giving your decking a spruce up this summer - and it's £55 cheaper than Lidl's version. With the temperatures set to soar again this weekend, many Brits are likely planning on spending as much time as possible in the garden. 3 However, if you have plans to invite friends and family over to soak up the sun, you may want to give your decking a glow up. Lidl Cordless Rotary Tool Although getting tradesman in to to the job can be incredibly pricey, Lidl's Parkside 4V Cordless Rotary Tool is perfect for doing some garden DIY. The bargain buy lands in stores today, Thursday, June 26 and is perfect for routing, grinding, polishing, cleaning and engraving. It has an adjustable power speed with an LED display and comes with an abundance of accessories, including three polishing wheels, four sanding sleeves and one threaded mandrel. The nifty gadget has a maximum rotation speed of 25,000rpm and a maximum disc diameter of 38.1mm. The bargain bit of kit will be located in the middle aisle of your local Lidl, however, you better grab yours quick, as all Middle of Lidl bargains are only available while stocks last. Cheaper than B&Q The budget tool is a whopping £55 cheaper than the Dremel Cordless Lite Rotary tool 3.6V which is currently on sale at B&Q for £67. Like the cheaper version of the product, the B&Q buy also comes with a variety of accessories and can also be charged via USB. DIY fans will also be pleased to know that Lidl has launched a £4.99 toolkit that will save you hundreds on buying a new phone. More Middle Aisle Bargains The Parkside Smartphone Repair Set comes with 32 pieces, including screwdrivers and suction cups, to help you take apart your smartphone, and fix it yourself. My garden was looking so old and the patio was broken - now it's a lush oasis and people can't believe how little I spent The kit can be used to fix any smartphone including Apple and Samsung devices, and can also be used to fix laptop and tablet screens as well. Anyone who has been struggling to sleep in the extreme heat will be pleased to know that Livarno Home Double TopCool Duvet has landed in Lidl stores just in time for the heatwave. Designed to keep you cool and comfy, the £10.99 duvet features a micro-fine cover that cleverly regulates moisture and body temperature. It's ideal for double beds, with a soft and fluffy polyester filling that still feels cosy without the stifling heat. Why do Aldi and Lidl have such fast checkouts IF you've ever shopped in Aldi or Lidl then you'll probably have experienced its ultra-fast checkout staff. Aldi's speedy reputation is no mistake, in fact, the supermarket claims that its tills are 40 per cent quicker than rivals. It's all part of Aldi's plan to be as efficient as possible - and this, the budget shop claims, helps keep costs low for shoppers. Efficient barcodes on packaging means staff are able to scan items as quickly as possible, with the majority of products having multiple barcodes to speed up the process. It also uses 'shelf-ready' packaging which keeps costs low when it comes to replenishing stock. The bargain supermarket is also selling a Peppa Pig Kids' Ride-On Suitcase this summer. Kids can be pulled along, ride, and play with this major branded suitcase – perfect for keeping them entertained at the airport. The case has been described as sturdy and comes with a lockable closure. The interior includes an extra pocket for added storage and a cross-strap to keep items secure. Shoppers picking up the £25 case will be pleased to know it comes with a three-year warranty.
The Sun
25-06-2025
- General
- The Sun
I went to war with council over ‘illegal' garden deck & WON thanks to Google Earth – they didn't have a leg to stand on
A HOMEOWNER has won an ongoing row with the council over his decking, thanks to Google Earth. Gareth Leek, 58, was left stunned after planning officials claimed he needed retrospective permission for a garden decking that had been in place for eight years. 6 6 6 According to councillors, the raised grey and white platform stood too tall at 83cm high, which is half a metre over the limit requiring planning permission. But, instead of backing down, Mr Leek, who lives in Pontypool, Gwent, took to Google Earth to save his beloved decking. If an unauthorised extension has been in place for more than four years without enforcement action you may legally be allowed to keep it. The aerial snap provided by the app showed the decking firmly in place in June 2018. This proof that it had been there for eight years meant that Mr Leek should legally be allowed to keep it. He was also backed up by a neighbour who claimed the decking was in place in the garden since at least 2019. A planning hearing heard Mr Leek had retrospectively applied for a certificate of lawful development. According to the MaileOnline, planning officer Simon Pritchard acknowledged the evidence presented by Mr Leek, which came complete with a Google Earth aerial image from June 2018. Mr Pritchard said the council had no evidence or reason to doubt that the decking had not been 'substantially completed for less than four years' and Mr Leek was told he could keep it. This also isn't the first time technology has been used as evidence in planning rows. In 2023, Dorset Council used Google Earth to prove that a resident had illegally built a decking and an extension. Satellite photos were able to prove that Colin Thomas's claims that his decking had existed for more than four years, were false. As a result, Mr Thomas now faces the prospect of demolishing his rear extension and raised decking. Earlier this month, Oldham Council also rejected a retrospective planning application over a porch extension that left neighbours in uproar. While Mr Leek's neighbor seemed to come out in support, The Khanom family faced backlash from the community and a £2,000 fine from the council for building a porch that locals claim resembled the Trafford centre. 6 6 6 A Gloucester businessman was also locked in a bitter row with developers earlier this year, over a two brick high wall which he insisted belonged to him. Roger White, 58, went head to head with the developers of a new housing estate in April, after they revealed plans to knock down the wall to create an emergency access route, required in their planning permission. With both parties declaring ownership, White has been left feeling as if they want to 'bulldoze' the wall that he claims he inherited from his father in 1997. What are your rights in this situation? If the council refuse planning permission you can appeal their decision. Appeals can take several months to be decided. You can only appeal against a decision if the LPA: Refuses your application Grants permission but with conditions you object to Refuses to change or remove a condition of planning permission that has been granted with conditions Refuses to approve something reserved under an 'outline permission' – planning permission for a general idea, not of a specific plan Refuses to approve something that you were told to build by your LPA as part of a previous planning permission – the current development was one of the 'conditions' stated in the previous planning permission Does not make a decision on the application within the deadline and does not get your written consent to change the deadline serves you with an enforcement notice because it thinks you have broken planning permission and you do not agree
