Trex Company Announces Departure of Chief Financial Officer
鈥淲e appreciate Brenda鈥檚 contributions to the Trex Company and the financial experience she brought to our organization. Brenda has been a valuable member of our executive leadership team, and we wish her the very best in her future endeavors,鈥� said Bryan Fairbanks, President and Chief Executive Officer (CEO).
Ms. Lovcik will continue to serve as CFO through August 5, 2025, at which time the CFO responsibilities at Trex will be assumed on an interim basis by Bryan Fairbanks. Mr. Fairbanks served as CFO from August 2015 until being named CEO and a member of the Board in April 2020.
Trex is pleased to reiterate its guidance for full year 2025 revenue growth of
The company has begun a search to identify the next CFO.
About Trex Company
For more than 30 years, Trex Company [NYSE: TREX] has invented, reinvented and defined the composite decking category. Today, the company is the world鈥檚 #1 brand of sustainably made wood-alternative decking, and residential railing, as well as a leader in high performance, low-maintenance outdoor living products. Trex boasts the industry鈥檚 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 鈥� all marketed under the Trex庐 brand. Based in
Forward-Looking Statements
The statements in this press release regarding the Company鈥檚 expected future performance and condition constitute 鈥渇orward-looking statements鈥� within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to risks and uncertainties that could cause the Company鈥檚 actual operating results to differ materially. Such risks and uncertainties include, but are not limited to: the extent of market acceptance of the Company鈥檚 current and newly developed products; the costs associated with the development and launch of new products and the market acceptance of such new products; the sensitivity of the Company鈥檚 business to general economic conditions; the impact of seasonal and weather-related demand fluctuations on inventory levels in the distribution channel and sales of the Company鈥檚 products; the availability and cost of third-party transportation services for the Company鈥檚 products and raw materials; the Company鈥檚 ability to obtain raw materials, including scrap polyethylene, wood fiber, and other materials used in making our products, at acceptable prices; increasing inflation and tariffs in the macro-economic environment; the Company鈥檚 ability to maintain product quality and product performance at an acceptable cost; the Company鈥檚 ability to increase throughput and capacity to adequately match supply with demand; the level of expenses associated with warranty claims, product replacement and consumer relations expenses related to product quality; the highly competitive markets in which the Company operates; cyber-attacks, security breaches or other security vulnerabilities; the impact of current and upcoming data privacy laws and the EU General Data Protection Regulation and the related actual or potential costs and consequences; material adverse impacts from global public health pandemics and geopolitical conflicts; and material adverse impacts related to labor shortages or increases in labor costs. Documents filed with the
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Lynn Morgen
Casey Kotary
ADVISIRY Partners
212-750-5800
[email protected]
[email protected]
Source: Trex Company, Inc.
