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COMPLETE 2019 Trex ESG REPORT
Our 2019 ESG Report is available in dynamic PDF format, enhanced with quick links throughout the report for easy navigation and access to supporting materials.
At Trex, we encourage outdoor living that is beautiful, durable, low maintenance, high performance and eco-friendly. We do it with the talent, innovation and hard work of more than 1,300 employees, thousands of retail partners and distributors, and a vast network of builders, do-it-yourself homeowners and independent contractors.
Trex serves as one of the best proof-of-concepts for building a successful business model based on recycled material and ingenious design. Our decking products contain 95% recycled material that diverts plastic from landfills and repurposes sawdust as a wood source to avoid cutting down more trees.
There’s a reason Trex is the world’s #1 decking brand – we’re changing the way the world lives outdoors. We pioneered the introduction of high-performance, low-maintenance composite decking and railing that combines the natural beauty of wood with the durability of recycled plastic and reclaimed wood.
We seek to continuously improve our manufacturing processes using Six Sigma and Lean Manufacturing methodologies throughout our plant operations and in the planning and execution of business-critical projects. We use many proprietary and skill-based advantages in our manufacturing process, and we have made substantial investments in manufacturing process improvements that have enabled us to increase manufacturing line production rates, facilitate development of new products, and produce improvements in our existing products’ dimensional consistency, surface texture and color uniformity.
We continue to lead the way in applying our proprietary technology to a wide variety of outdoor applications and expanding our offerings in a range of styles for residential and commercial settings. Our aesthetically pleasing, durable, low-maintenance and long-lasting solutions encourage luxurious outdoor living that is a truly environmentally responsible choice.
Financial
$745 M net sales
$45 M income taxes
$145 M net income*
$202 M EBITDA*
27.1% EBITDA margin
$2.47 diluted EPS
$67 M capital expenditures
500,000 shares of common stock repurchased
5 manufacturing plants
Environmental
400+ M pounds of diverted polyethylene film from oceans and landfills
1 of the largest buyers of discarded polyethylene film bags, packaging and film wrap in North America
450+ M reclaimed wood fibers used
~ 99% approximately 99% of waster used in our manufacturing facilities in Virginia and Nevada was recycled in 2019 via our closed-loop water systems
Social
1,300+ employees
1,600+ leadership training hours
6,700+ retail customers
$310,000 corporate community investment
Governance
Our leadership team believes in our collective ability to achieve our vision and execute on our mission, ensuring the long-term success of the company.
To foster leadership alignment to our mission and vision, our officers and directors must own and hold a minimum number of shares of Trex common stock, relative to either their base salary or director’s fees.
Our directors and executive officers respectively hold more than 3 times the minimum requirement, demonstrating an impressive commitment to and confidence in our business and future.
*Earnings Before Interest, Income Taxes, Depreciation and Amortization (EBITDA) and EBITDA margin are considered non-GAAP measures. A reconciliation of EBITDA to net income and EBITDA margin to net income as a percentage of net income can be found in our earnings press release issued on February 24, 2020 for the year ended December 31, 2019.