WINCHESTER, Va., July 26. 2022 (GLOBE NEWSWIRE) — Trex Company has been named by industry week magazine (IW) as one of America’s Top 50 Manufacturers. In its first year of eligibility, the world’s leading manufacturer of alternative wood composite decking and leader in high-performance, low-maintenance, eco-friendly outdoor products ranked 6th in the exclusive annual ranking of the most successful manufacturing companies.
Joining well-known brands such as Apple, Microsoft, Pepsi and Pfizer, Trex earned its top position on IW’s “Best 50” list after a year of strong demand coupled with increased capacity that resulted in a high increase. Net sales of $1.2 billion, revenue growth of 36% and adjusted net income of $243 million helped propel the company not only to the list for the first time, but also to the top 10.
“It is extremely gratifying to be recognized for our manufacturing capabilities, which are at the heart of everything we do,” said Bryan Fairbanks, President and CEO of Trex Company. “Our growth over the past few years is a testament to the dedication of our employees, the quality and relevance of our products, and the continued strength of the Trex brand. We are honored to be named among such an impressive list of companies.
Companies ranked on IW’s “Top 50” list are taken from the Industry Week US 500, an annual list of the top 500 publicly held US manufacturing companies based on revenue. The “50 Best” formula then looks at profit margin, revenue growth and inventory over a three-year period, as well as return on assets and return on equity over a five-year period, the most recent figures being the most weighted.
Since the mid-1990s, Trex has invented and revolutionized the composite decking category with its line of low-maintenance, high-performance, eco-friendly products that have fundamentally changed the way people live outdoors. For more than 30 years, the company has focused on product innovation, operational excellence and partnerships with exceptional channel partners and entrepreneurs – always with an eye on “engineering the next step in the outdoor living”.
Today, Trex is the world’s largest manufacturer of wood decking and railing and a leader in outdoor living with an extensive product selection that includes everything from decking, railing, patio lighting and drainage, pergolas, trellises, outdoor kitchen components and outdoor furniture. In addition to manufacturing products for the residential market, Trex serves the commercial market through its Trex Commercial Products division, which designs architectural railing systems for all types of venues. Over the past decade, Trex Company has grown into a $1.2 billion manufacturer with over 2,000 employees, industry-leading brand recognition and unmatched channel placement in more than 6,700 points of sale in more than 40 countries around the world.
The full list of the top 50 US manufacturers can be viewed at IndustryWeek.com. To learn more about the Trex Company, visit Trex.com.
About Trex Company, Inc.
Trex Company, Inc. [NYSE: TREX] is the world’s largest manufacturer of high performance wood alternative decking and railing, with over 30 years of product experience. #1 Outdoor Living Brand Proudly Named to Forbes 2021 List of America’s Best Midsize Companies and Fortune Magazine’s 2020 List of the World’s 100 Fastest Growing Companies . Stocked in over 6,700 locations worldwide, Trex outdoor living products offer a wide range of style options with less ongoing maintenance requirements than wood, as well as a truly eco-friendly choice of the environment. For more information, visit trex.com. You can also follow Trex on Twitter (@Trex_Company), Instagram (@trexcompany), Pinterest (trexcompany) or Houzz (trexcompany-inc), “like” Trex on Facebook (@TrexCompany) or view product and demo videos at the brand’s YouTube channel (TheTrexCo).
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