![]() For Trex’s most expensive product, the out-of-pocket costs are 63% of wood’s.Īs you relax on your nature-resilient deck, that’s a comforting thought. build: - 25 pieces Trex Enhance Basics 16-ft Grooved Deck Boards - 7 pieces Trex Enhance Basics 8-ft Square Deck Boards - 1 bucket of Trex Hideaway Universal Hidden Fasteners - 5 pieces TrexTrim 12-ft White Fascia Boards The 12-ft x 16-ft Trex Deck Kit includes: 25 pieces Trex Enhance Basics 16-ft Grooved Composite Deck Boards 7 pieces Trex Enhance Basics. Trex decking is at least twice as expensive for consumers as plain old wood that grew in a forest.But if you throw in upkeep costs over a quarter century, which are negligible for Trex boarding, the company’s cheapest product is 25% of the purchase price and the outlay to maintain and repair wood decking. In particular, a big selling point is that its decks “are less costly over time.”Īt first blush, that seems odd. The company has had success “educating the marketplace,” CEO Fairbanks says in an interview. Although Trex decking is more expensive than traditional wood decking, there are a lot of benefits to composite decking. ![]() The cost of Trex decking (including material and installation) will run anywhere from 6.50 to 8.50 a square foot. With a Trex deck, people can wipe up the stain with a wet paper towel and the surface looks as if the spill never happened. Trex decking has come a long way over the past few decades when it comes to the look, the feel, and the price. Splash a glass of red wine on a traditional wooden deck and good luck eradicating the dark smudge. The composite material is touted as better than traditional wooden decks because it is weather-resistant, requires less maintenance and is stain-proof. Trex also provided railings for sports stadiums (Madison Square Garden in New York is one customer, for example). It has deals with Target and Starbucks for that. Aside from decking, it is moving into what’s called “cladding”-namely, providing synthetic wooden facades. In 2021, Trex logged all-time record revenue of $1.2 billion, as well as for the fourth quarter, with sales climbing 33% to $304 million. Still, that marks a good path to recovery for investors. For Stifel analysts, the target price this year is $120, down from $130 before and less than the peak. current price 150.32 FastenMaster FMCTX-TX300SLPB Cortex Deck Trex Select. On Wall Street, there’s optimism that the stock will bounce back. TrapEase 3 Ultimate Composite Deck Screw 2-1/2 Trex Enhance Beach Dune 150.32. Trex is expanding its manufacturing capacity, capped by a new plant in Little Rock, Ark., expected to open in 2024. Another likely factor in the stock decline, notes William Blair analyst Ryan Merkel in a research note, is the company’s guidance that sales advances may slow and expenses go up.
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