Trex hits Q2 sales record

Pointing to favorable market dynamics, Winchester, Virginia-based Trex Company reported second quarter net sales of $157.9 million, an 8% gain compared to $146.5 million last year.

Net income increased 22% to $28.8 million, as the company pointed to lower production costs resulting from improved efficiencies.

The company’s core decking and railing product sales increased 10% in the quarter.  

“Our analytics indicate that the marketing campaigns we launched in early 2016 to target the large wood decking market continue to gain traction in the replacement market as well as with consumers seeking out 'green building' alternatives,” said James E. Cline, president and CEO. “At the same time, we are investing in R&D to remain a leader in product innovation, and are funding fast-return projects that drive operating leverage.”

On the same day that the company reported record sales, it announced the acquisition of SC Company. Cline said: “SC Company has successfully built a leadership position in the large, fragmented commercial and architectural railing and staging markets through a commitment to quality, deep engineering capabilities and innovative design.”