Trex Company, Inc. (NYSE:TREX) has announced the departure of its Chief Financial Officer, Brenda Lovcik, who has resigned to accept a position near her family in Minnesota. The company expressed appreciation for Lovcik's contributions and announced that she will continue to serve as CFO through August 5, 2025, at which time the CFO responsibilities will be assumed on an interim basis by Bryan Fairbanks, who currently serves as the President and CEO.
Trex reiterated its guidance for full-year 2025 revenue growth of 5%-7% and expects the adjusted EBITDA margin to exceed 31%. The company is also on track to achieve its second-quarter revenue guidance of $370 million to $380 million. Trex has already begun the search for the next CFO.
Trex is recognized as the world's #1 brand of sustainably made wood-alternative decking and residential railing, and a leader in high-performance, low-maintenance outdoor living products. The company's products are sold through more than 6,700 retail outlets across six continents. Additionally, Trex has received accolades such as being named America’s Most Trusted® Outdoor Decking for five consecutive years (2021-2025) and being listed among Barron’s 100 Most Sustainable U.S. Companies in 2024 and 2025.
These developments come as Trex continues to hold its position as a leader in the industry, with a strong focus on sustainability and innovation. Following these announcements, the company's shares moved -1.13%, and are now trading at a price of $55.22. If you want to know more, read the company's complete 8-K report here.
