TREX Trex Company Inc.

Trex Company Welcomes New Chief Information Officer to Leadership Team

Trex Company, Inc. (NYSE:TREX), the world’s largest manufacturer of wood-alternative decking and railing and a leader in high-performance, low-maintenance outdoor living products, announced that Dr. Anand Kangala, has joined Trex as its new Vice President and Chief Information Officer effective today. As a member of the Trex leadership team, Dr. Kangala will lead global IT functions and enterprise technology strategy.

This press release features multimedia. View the full release here:

Dr. Anand Kangala, Vice President and Chief Information Officer, Trex Company, Inc. (Photo: Business Wire)

Dr. Anand Kangala, Vice President and Chief Information Officer, Trex Company, Inc. (Photo: Business Wire)

“As a high growth company, we are committed to optimizing manufacturing and business processes through digital solutions and data-driven decision-making,” said Brenda Lovcik, Senior Vice President & Chief Financial Officer. “In Anand, we have found someone who not only shares our vision for innovation and transformation, but someone with a proven track record of building teams and fostering strong linkage between technology solutions and business objectives.”

"I'm thrilled to join a company I admire for its circularity and sustainability vision to enhance people's lives," said Dr. Kangala. "Trex's relentless commitment to innovation and continuous improvement has made it the market leader for over three decades and provides a strong foundation for digital transformation and leveraging emerging technologies. I look forward to partnering with an executive team with deep industry and innovation experience and contributing to the company's mission and growth."

“Trex is investing in our technology infrastructure as we continue to find better ways to serve our customers and meet increasing consumer demands,” continued Lovcik. “Anand is inheriting a dynamic team that will benefit from his experience as they execute on the digital enhancements that will fuel our growth for years to come.”

Most recently, Dr. Kangala served as Senior Director at Home Depot, where he launched a Transformation Management Office and led the digital strategy to build the foundation for interconnected retail vision through advanced technology and data-driven insights. Before Home Depot, he held various leadership roles in business and technology transformation at Edward Jones, Carter's Inc., Cato Corporation, and IBM. He has a Doctorate in Business Administration from the University of North Carolina at Charlotte and a Master of Business Administration from East Carolina University.

About Trex Company, Inc.

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 ** four years in a row (2021-2024). The Company was also recently included on Barron’s list of the , named one of by Newsweek and ranked as one of the 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).

**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 .

EN
18/11/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Trex Company Inc.

 PRESS RELEASE

Trex Ranked Among Barron’s 100 Most Sustainable Companies for 2025

WINCHESTER, Va.--(BUSINESS WIRE)-- (NYSE:TREX), the world’s largest manufacturer of wood-alternative composite decking and railing, and a leader in high-performance, low-maintenance outdoor living products, is proud to announce its inclusion in Barron's 2025 ranking of the . In its second consecutive year on the prestigious list, Trex earned the #48 spot, moving up 20 places since its debut appearance in 2024. This press release features multimedia. View the full release here: 2025 marks Trex’s second consecutive appearance on the Barron’s list of Most Sustainable Companies.(Photo: Business ...

Trex Co Inc: 1 director

A director at Trex Co Inc sold 1,420 shares at 61.882USD and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly show...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

 PRESS RELEASE

Trex Company Reports Fourth Quarter and Full Year 2024 Results

WINCHESTER, Va.--(BUSINESS WIRE)-- Trex Company, Inc. (NYSE:TREX), the world’s largest manufacturer of wood-alternative decking and railing products and a leader in outdoor living products, today announced financial results for its fourth quarter and full year of 2024. 2024 Fourth Quarter Financial Highlights Net sales of $168 million Gross margin of 32.7% Net income of $10 million and diluted earnings per share of $0.09 EBITDA of $29 million and EBITDA margin of 17.2% 2024 Full Year Financial Highlights Net sales of $1.2 billion increased 5.2% year-over-year Gross margi...

 PRESS RELEASE

Trex Expands Mid-Tier Composite Decking Options With New Performance-E...

WINCHESTER, Va.--(BUSINESS WIRE)-- Over the past several years, Trex Company (NYSE:TREX) has unveiled innovations that have solidified its position as the leader at both the premium and entry levels of the composite decking category. This spring, the world’s largest manufacturer of wood-alternative decking and railing will complete a strategic trifecta by strengthening its mid-tier offerings with the expansion of its Trex Select® line. Just in time for prime decking season, the company is rolling out three new colors featuring elevated aesthetics and performance – including the industry’s firs...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch