Trex Company has been named by Industry Week magazine as one of the 50 Best U.S. Manufacturers. In its first year of eligibility, the world’s leading manufacturer of wood-alternative composite decking and eco-friendly outdoor living products ranked #6 on the exclusive annual ranking of top-performing manufacturing companies.
Joining such well-known brands as Apple, Microsoft, Pepsi and Pfizer, Trex earned its high-ranking position on IW’s “50 Best” list following a year of robust demand coupled with expanded capacity that drove strong growth. Net sales of $1.2 billion, revenue growth of 36% and adjusted net income of $243 million helped propel the company not only onto the list for the first time but into the top 10.
“It is extremely rewarding to be recognized for our manufacturing capabilities, which is at the core of everything we do,” said Bryan Fairbanks, president and CEO of Trex Company. “Our growth over the past few years is a testament to our dedicated employees, the quality and relevance of our products, and the sustained strength of the Trex brand. We are honored to be named among such an impressive roster of companies.”
Companies ranked on IW’s “50 Best” list are pulled from the Industry Week U.S. 500, an annual listing of the top 500 publicly held U.S. manufacturing companies based on revenue. The “50 Best” formula then examines 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 timeframe, with the most recent numbers weighted most heavily.
Trex manufactures wood-alternative decking and railing and is a leader in outdoor living with an extensive product selection that includes everything from decking, railing, lighting and deck drainage, pergolas, lattice, outdoor kitchen components and outdoor furniture. In addition to producing products for the residential market, Trex serves the commercial market through its Trex Commercial Products division, which engineers architectural railing systems for all types of venues.
The complete list of the 50 Best U.S. Manufacturers can be viewed at IndustryWeek.com.