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BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, today announced a strategic distribution partnership with Trex Co

BlackRock Inc. purchased a new position in shares of Trex Company, Inc. (NYSE:TREX – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,493,216 shares of the construction company’s stock, valued at approximately $525,081,000. BlackRock Inc. owned approximately 10.10% of Trex as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TREX. AQR Capital Management LLC increased its stake in shares of Trex by 3.2% in the 1st quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock valued at $320,000 after acquiring an additional 177 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Trex by 91.3% during the first quarter. Goldman Sachs Group Inc. now owns 822,772 shares of the construction company’s stock worth $47,803,000 after acquiring an additional 392,715 shares during the period. Hsbc Holdings PLC raised its stake in shares of Trex by 6.3% in the 2nd quarter. Hsbc Holdings PLC now owns 5,403 shares of the construction company’s stock valued at $294,000 after purchasing an additional 322 shares during the period. First Trust Advisors LP raised its position in Trex by 535.1% in the 2nd quarter. First Trust Advisors LP now owns 22,038 shares of the construction company’s stock valued at $1,198,000 after buying an additional 18,568 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in Trex during the 2nd quarter worth approximately $1,055,000. 95.96% of the stock is currently owned by institutional investors.

Insider Transactions at Trex In other Trex news, SVP Amy M. Fernandez sold 1,050 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $50.07, for a total value of $52,573.50. Following the sale, the senior vice president owned 67,794 shares in the company, valued at $3,394,445.58. This represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jacob T. Rudolph sold 1,400 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $50.00, for a total value of $70,000.00. Following the completion of the sale, the senior vice president directly owned 36,631 shares of the company’s stock, valued at approximately $1,831,550. The trade was a 3.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.93% of the company’s stock.

Wall Street Analyst Weigh In A number of research firms have recently issued reports on TREX. BMO Capital Markets set a $57.00 price objective on shares of Trex in a report on Wednesday, August 5th. DA Davidson restated a “buy” rating and set a $55.00 target price on shares of Trex in a report on Tuesday, July 14th. Truist Financial raised their target price on shares of Trex from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Stifel Nicolaus set a $49.00 price target on shares of Trex and gave the company a “hold” rating in a research note on Tuesday, August 11th. Finally, Zacks Research raised shares of Trex from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $49.30. Read Our Latest Analysis on Trex

Trex Price Performance Shares of TREX stock opened at $47.27 on Tuesday. The stock has a market cap of $4.91 billion, a P/E ratio of 28.14, a P/E/G ratio of 3.23 and a beta of 1.48. The company has a fifty day moving average price of $46.74 and a two-hundred day moving average price of $42.40. Trex Company, Inc. has a one year low of $29.77 and a one year high of $66.06.

Trex (NYSE:TREX – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The construction company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.01). The firm had revenue of $418.02 million during the quarter, compared to the consensus estimate of $415.71 million. Trex had a net margin of 14.68% and a return on equity of 18.03%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned $0.71 EPS. As a group, equities research analysts anticipate that Trex Company, Inc. will post 1.76 EPS for the current fiscal year.

About Trex (Free Report)

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company’s core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex’s product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.

Further Reading Five stocks we like better than Trex Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain Snowflake Could Be Headed for New Highs Despite Insider Selling MongoDB Is Surging—And the Next Catalyst Is Almost Here Want to see what other hedge funds are holding TREX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trex Company, Inc. (NYSE:TREX – Free Report).

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WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company (NYSE: TREX), the world's largest manufacturer of wood-alternative decking and railing, today announced the appointment of Brian J. Taylor as the company's first Chief Commercial Officer (CCO). In this newly created role, Taylor will lead Trex's commercial organization, with responsibility for sales, marketing, and information technology. In bringing these functions together, Trex is creating a more integrated, customer-focused approach to demand g.

Three outdoor stocks, namely, PII, TREX and YETI offer double-digit upside potential, with growth estimates and earnings outlooks supporting the picks.

BlueLinx delivered strong Q2 2026 results, with net sales up 4.4% and gross profit up 17% year-over-year. I rate BXC a Hold, citing persistent macro headwinds, higher operating costs, and an uncertain housing market outlook. Despite a new Trex partnership, share buybacks, and a solid balance sheet, BXC faces ongoing demand and cost pressures.

NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK, Aug. 6, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor.

Trex Company, Inc. (TREX) Q2 2026 Earnings Call Transcript

Broad Based Volume-driven Growth Across Product Lines, Price Points and Channels

Accelerating Timing of Arkansas Expansion to Meet Increased Consumer Demand; Expected to Operate at 50% Capacity by Year End

Distribution Strategy Tracking as Expected

Additional $150M Buyback Approved

Reaffirming Recently Raised Full Year 2026 Guidance

Targeting $2 Billion in Revenue by 2030

Second Quarter Financial Highlights

Net sales of $418 million Gross margin of 37.9% Net income of $62 million and diluted earnings per share of $0.60 Adjusted net income of $63 million Adjusted diluted earnings per share of $0.62, inclusive of $0.03 non-cash write-down Adjusted EBITDA of $112 million WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company, Inc. [NYSE:TREX], the world’s largest manufacturer of wood-alternative composite decking and railing, and a leader in high-performance, low-maintenance outdoor living products, today announced financial results for the second quarter of 2026.

“I’m pleased to report that Trex is delivering strong results from disciplined execution against our strategic priorities. We are returning to stronger top-line growth, while also upgrading our distribution network and accelerating the timing of our Arkansas capacity expansion to further strengthen our market position and drive long-term growth,” said Adam Zambanini, President and CEO. “At the same time, we are also seeing improved consumer demand trends, with broad-based demand across categories and price points.

“During the quarter, we saw particularly strong demand for our entry-level Trex Enhance® decking, reflecting the success of our marketing efforts to drive conversion from wood to composite decking. Wood conversion remains a key long-term growth opportunity, and the improvement in consumer demand is enabling us to accelerate the ramp-up of decking production in our Arkansas facility by more than six months to the third quarter of 2026. As our most efficient manufacturing site, Arkansas strengthens our ability to serve high-growth Sunbelt markets and supports our strategy to accelerate wood conversion.

“We also recently enhanced our distribution model. The transition is tracking to plan with inventory levels at distributors already at desired levels.

“Together, our accelerated Arkansas expansion and upgraded distribution network strengthens our competitive position, supports long-term growth, and advances our goal of achieving $2 billion in annual sales by 2030,” Mr. Zambanini said.

Q2 2026 Financial Summary

All financial results comparisons made are against the prior-year period unless otherwise noted:

Net sales increased 8% to $418 million from $388 million in the prior year period, reflecting broad-based strength across product categories, price points, and distribution channels. Growth was driven primarily by volume, with pricing contributing minimally to the increase.

Gross profit was $158 million, with gross margin of 37.9%, compared to gross profit of $158 million and gross margin of 40.8% in the prior year period. There were no adjustments to gross profit this quarter. Excluding approximately $2.7 million of adjustments, prior-year adjusted gross profit was $161 million. As anticipated, gross margin was impacted by a higher mix of railing sales, increased depreciation expense associated with the Arkansas facility, and temporary production inefficiencies driven by uneven demand patterns during the quarter, with lower utilization early in the period followed by stronger than expected order activity during the final month, driving increased utilization. We anticipate utilization to improve going forward due to strong order activity in July.

Selling, general, and administrative expenses were $67 million, representing 16.1% of net sales, compared to $56 million, or 14.4% of net sales in the prior year. Excluding digital transformation costs and Arkansas facility start-up expenses of $1.7 million in 2026 and $1.1 million in 2025, SG&A was $66 million compared to $55 million in the prior year period. The increase primarily reflects investments in capabilities and continued investment in branding and marketing programs to accelerate consumer demand and support future growth.

Net income was $62 million, or $0.60 per diluted share, compared to net income of $76 million, or $0.71 per diluted share in the prior year. Adjusted net income was $63 million, with adjusted diluted EPS of $0.62, compared to adjusted net income of $79 million with adjusted diluted earnings per share of $0.73, in the prior-year period. Adjusted EPS includes a negative impact of approximately $0.03 related to a $5 million non-cash write-down of obsolete equipment. Adjusted EBITDA was $112 million, compared to $122 million in the prior year period.

Free cash flow for the quarter was $182 million, reflecting the seasonal benefit of working capital and lower capital expenditures as the Arkansas facility approaches full completion. During the quarter, the Company repurchased approximately $51 million in shares and repaid $130 million outstanding under its revolving credit facility. In July, the Board of Directors approved up to $150 million in share repurchases during the back half of the year, underscoring the Company's confidence in its outlook, strong cash generation, and commitment to creating long-term shareholder value.

New Developments & Recognitions

Named to TIME’s “America’s Best Companies 2026” list – the only decking brand recognized – ranking among the Top 100 Sustainable Engineering, Manufacturing & Medical Technology Companies for excellence in financial performance, employee satisfaction, and sustainability. Increased brand visibility across premium golf, lifestyle, and outdoor living audiences through sponsorships of the American Century Championship and Golf Channel’s Big Break x Good Good. Announced a strategic collaboration with Martha Stewart, featuring Trex products in the renovation of an outdoor space at her Bedford, N.Y., home, to inspire homeowners and reinforce the brand’s leadership in premium, sustainable outdoor living. Named to USA Today’s “America’s Climate Leaders 2026” list – the only decking brand recognized – for measurable progress in reducing greenhouse gas emissions and continued leadership in sustainable manufacturing. Summary & Outlook

“The combination of disciplined execution and strengthening consumer demand is translating into improved business performance and greater confidence in our outlook, supporting our recent increase to full-year 2026 net sales and adjusted EBITDA guidance,” said Prith Gandhi, Senior Vice President and CFO.

“At the same time, the accelerated ramp-up of decking production at our Arkansas facility is strengthening our foundation for future growth. As our most efficient and lowest-cost manufacturing site, Arkansas is expected to become an increasingly important driver of margin expansion as demand grows and utilization increases. The facility also provides critical capacity to support our goal of achieving $2 billion in annual sales by 2030.

“Additionally, we continue to generate significant free cash flow as our multi-year capital investment program nears completion. This financial strength allows us to reduce leverage while returning capital to shareholders through share repurchases, consistent with our disciplined and balanced capital allocation strategy,” Gandhi concluded.

The Company is reaffirming its recently raised full year 2026 guidance, shown in the table below, with revenue ranging from $1.215 billion to $1.25 billion and adjusted EBITDA ranging from $335 million to $350 million.

The Company is also providing third quarter revenue guidance in the range of $305 to $320 million.

Full Year 2026 Guidance Low High Net Sales $1.215B $1.250B Adjusted EBITDA $335M $350M Depreciation & Amortization ~$85M GAAP SG&A ~18% of Net Sales Interest Expense $8M $10M Effective Tax Rate 25.5%

27.0%

CapEx $100M $120M       Q3 2026 Guidance Net Sales $305M - $320M Trex has not provided a reconciliation of forward-looking Adjusted EBITDA to net income, the most directly comparable GAAP measure, because certain items required for such reconciliation are outside of Trex’s control and/or cannot be reasonably predicted without unreasonable efforts. The probable significance of these items cannot be determined at this time.

Conference Call & Webcast Information

Trex will hold a conference call to discuss its second quarter 2026 results on Tuesday, August 4, 2026, at 8:00 a.m. ET. To participate on the day of the call, dial 1-844-792-3734, or internationally 1-412-317-5126, approximately ten minutes before the call, and tell the operator you wish to join the Trex Company Conference Call.

A live webcast of the conference call will be available in the Investor Relations section of the Trex Company website at 2Q26 Earnings Webcast. For those who cannot listen to the live broadcast, an audio replay of the conference call will be available within 24 hours of the call on the Trex website. The audio replay will be available for 30 days.

Use of Non-GAAP Measures

The Company reports its financial results in accordance with accounting principles generally accepted in the United States (GAAP). To supplement our consolidated financial statements reported on a GAAP basis, we provide the following non-GAAP financial measures, adjusted gross profit, adjusted net income, adjusted diluted earnings per share, earnings before interest, income taxes, depreciation and amortization, adjusted EBITDA and free cash flow. Management believes these non-GAAP financial measures provide investors with additional meaningful financial information that should be considered when assessing our underlying business performance and trends. Further, management believes these non-GAAP financial measures also enhance investors’ ability to compare period-to-period financial results. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the Company’s reported results prepared in accordance with GAAP and are not meant to be considered superior to or a substitute for our GAAP results. Our non-GAAP financial measures do not represent a comprehensive basis of accounting. Therefore, our non-GAAP financial measures may not be comparable to similarly titled measures reported by other companies. Reconciliations of these non-GAAP financial measures to GAAP information are included below. Management uses these non-GAAP financial measures in making financial, operating, compensation and planning decisions and in evaluating the Company’s performance. Disclosing these non-GAAP financial measures allows investors and management to view our operating results excluding the impact of items that are not reflective of the underlying operating performance.

Non-GAAP Reconciliation Tables

Reconciliation of GAAP Gross Profit to Adjusted Gross Profit

Three Months Ended Six Months Ended June 30, June 30, TREX COMPANY, INC. 2026

2025

2026

2025

($ in thousands) ($ in thousands) Gross profit $

158,344

$

158,132

$

297,366

$

295,863

Railing conversion -

1,424

-

5,250

Arkansas start-up -

1,281

-

1,281

Adjusted gross profit $

158,344

$

160,837

$

297,366

$

302,394

Reconciliation of GAAP Net Income to Adjusted Net Income

Three Months Ended Six Months Ended June 30, June 30, TREX COMPANY, INC. 2026

2025

2026

2025

($ in thousands, except per share data) ($ in thousands, except per share data) Net income $

61,876

$

75,909

$

123,279

$

136,343

Railing conversion -

1,424

-

5,250

Digital transformation 1,153

478

2,167

931

Arkansas start-up^ 636

1,888

862

2,973

Income tax effect ^^ (469

)

(982

)

(796

)

(2,366

)

Adjusted net income $

63,196

$

78,717

$

125,512

$

143,131

  Diluted earnings per share $

0.60

$

0.71

$

1.19

$

1.27

Adjusted diluted earnings per share $

0.62

$

0.73

$

1.21

$

1.33

  ^Arkansas start-up costs for the three months ended June 30, 2026 were $636 in selling, general, and administrative expenses. Arkansas start-up costs for the six months ended June 30, 2026 were $862 in selling, general, and administrative expenses. Arkansas start-up costs for the three months ended June 30, 2025 were $1,281 in cost of sales and $607 in selling, general, and administrative expenses. Arkansas start-up costs for the six months ended June 30, 2025 were $1,281 in cost of sales and $1,692 in selling, general, and administrative expenses. ^^Income tax effect calculated using the effective tax rate for the applicable period. Reconciliation of Net Income to Adjusted EBITDA

Three Months Ended Six Months Ended June 30, June 30, TREX COMPANY, INC. 2026

2025

2026

2025

($ in thousands) ($ in thousands) Net income $

61,876

$

75,909

$

123,279

$

136,343

Interest expense (income) 2,327

(77

)

2,327

-

Income tax expense 21,989

26,566

44,091

47,719

Depreciation and amortization 19,367

15,807

37,738

30,057

Other expenses 4,672

-

4,672

-

Railing conversion -

1,424

-

5,250

Digital transformation 1,153

478

2,167

931

Arkansas start-up^ 636

1,888

862

2,973

Adjusted EBITDA $

112,020

$

121,995

$

215,136

$

223,273

  ^Arkansas start-up costs for the three months ended June 30, 2026 were $636 in selling, general, and administrative expenses. Arkansas start-up costs for the six months ended June 30, 2026 were $862 in selling, general, and administrative expenses. Arkansas start-up costs for the three months ended June 30, 2025 were $1,281 in cost of sales and $607 in selling, general, and administrative expenses. Arkansas start-up costs for the six months ended June 30, 2025 were $1,281 in cost of sales and $1,692 in selling, general, and administrative expenses.   Reconciliation of Cash from Operations to Free Cash Flow

Three Months Ended
June 30, TREX COMPANY, INC. 2026

2025

($ in thousands) Net cash provided by operating activities $

214,165

$

249,751

Expenditures for property, plant and equipment (29,632

)

(46,788

)

Purchased intangibles (2,690

)

(4,266

)

Free cash flow $

181,843

$

198,697

  GAAP Financial Statement Tables

TREX COMPANY, INC. Condensed Consolidated Statements of Comprehensive Income (In thousands, except share and per share data)       Three Months Ended
June 30, Six Months Ended
June 30, 2026

2025

2026

2025

(Unaudited) (Unaudited)   Net sales $

418,019

$

387,801

$

761,422

$

727,794

Cost of sales 259,675

229,669

464,056

431,931

Gross profit 158,344

158,132

297,366

295,863

Selling, general and administrative expenses 67,480

55,734

122,997

111,801

Other expenses 4,672

-

4,672

-

Income from operations 86,192

102,398

169,697

184,062

Interest expense (income), net 2,327

(77

)

2,327

-

Income before income taxes 83,865

102,475

167,370

184,062

Provision for income taxes 21,989

26,566

44,091

47,719

Net income $

61,876

$

75,909

$

123,279

$

136,343

Basic earnings per common share $

0.60

$

0.71

$

1.19

$

1.27

Basic weighted average common shares outstanding 102,314,156

107,227,128

103,678,673

107,204,024

Diluted earnings per common share $

0.60

$

0.71

$

1.19

$

1.27

Diluted weighted average common shares outstanding 102,385,222

107,296,203

103,751,287

107,290,272

Comprehensive income 61,876

75,909

123,279

136,343

TREX COMPANY, INC. Condensed Consolidated Balance Sheets (In thousands, except share data) (unaudited)   June 30, December 31, 2026

2025

  ASSETS Current assets: Cash and cash equivalents $

6,475

$

3,807

Accounts receivable, net 262,548

48,091

Inventories 189,644

238,665

Prepaid expenses and other assets 18,883

19,843

Total current assets 477,550

310,406

Property, plant and equipment, net 1,054,385

1,049,733

Operating lease assets 49,011

52,632

Goodwill and other intangible assets, net 35,020

31,529

Other assets 10,502

9,141

Total assets $

1,626,468

$

1,453,441

  LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $

60,659

$

34,759

Accrued expenses and other liabilities 131,245

77,030

Accrued warranty 5,009

5,416

Line of credit 253,000

133,500

Total current liabilities 449,913

250,705

Deferred income taxes 85,833

85,833

Operating lease liabilities 37,803

41,755

Non-current accrued warranty 26,278

24,324

Other long-term liabilities 16,559

16,560

Total liabilities 616,386

419,177

  Stockholder's Equity: Preferred stock, $0.01 par value, 3,000,000 shares authorized; none issued and outstanding —

—

Common stock, $0.01 par value, 360,000,000 shares authorized; 141,293,260 and 141,208,139 shares issued and 101,865,035 and 105,737,266 shares outstanding at June 30, 2026 and December 31, 2025, respectively 1,413

1,412

Additional paid-in capital 159,323

155,316

Retained earnings 1,913,126

1,789,847

Treasury stock, at cost, 39,428,225 and 35,470,873 shares at June 30, 2026 and December 31, 2025, respectively (1,063,780

)

(912,311

)

Total stockholders’ equity 1,010,082

1,034,264

Total liabilities and stockholders’ equity $

1,626,468

$

1,453,441

TREX COMPANY, INC. Condensed Consolidated Statements of Cash Flows (In thousands)   Six Months Ended
June 30, 2026

2025

(unaudited) Operating Activities Net income $

123,279

$

136,343

Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 37,738

30,057

Stock-based compensation 5,474

5,247

Loss on disposal of property, plant and equipment 4,672

8

Other non-cash adjustments (225

)

234

Changes in operating assets and liabilities: Accounts receivable (214,457

)

(202,870

)

Inventories 49,021

65,439

Prepaid expenses and other assets 115

6,816

Accounts payable 32,546

23,377

Accrued expenses and other liabilities 32,420

24,802

Income taxes receivable/payable 25,157

6,286

  Net cash provided by operating activities 95,740

95,739

  Investing Activities Expenditures for property, plant and equipment (52,737

)

(126,275

)

Purchased intangibles (4,542

)

(4,901

)

Proceeds from sales of property, plant and equipment 81

189

  Net cash used in investing activities (57,198

)

(130,987

)

  Financing Activities Borrowings under line of credit 507,000

534,047

Principal payments under line of credit (387,500

)

(491,200

)

Repurchases of common stock (153,557

)

(4,008

)

Proceeds from employee stock purchase and option plans 621

634

Financing costs (2,438

)

6

  Net cash used in (provided by) financing activities (35,874

)

39,479

  Net increase in cash and cash equivalents 2,668

4,231

Cash and cash equivalents at beginning of period 3,807

1,292

  Cash and cash equivalents at end of period $

6,475

$

5,523

  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’s #1 brand of sustainable, wood-alternative decking and railing, and a leader in high performance, low-maintenance outdoor living products. Boasting the industry’s strongest distribution network, Trex sells products 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 – all marketed under the Trex® brand. Based in Winchester, Va., Trex is proud to have been named America’s Most Trusted® Outdoor Decking^ for the past 6 years (2021-2026). The company also holds a place on Barron’s list of the 100 Most Sustainable U.S. Companies (2024 and 2025), was named one of America’s Most Responsible Companies 2024 by Newsweek, ranked as one of the 100 Best ESG Companies by Investor’s Business Daily, and named the Sustainable Brand Leader in the decking category by Green Builder Media for the 16th consecutive year. For more information, visit Trex.com.

^Trex received the highest numerical score in the proprietary Lifestory Research 2021-2026 America’s Most Trusted® Outdoor Decking studies. Study results are based on experiences and perceptions of people surveyed. Your experiences may vary. Visit www.lifestoryresearch.com.

Forward-Looking Statements

The statements in this press release regarding the Company’s expected future performance and condition constitute “forward-looking statements” 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’s actual operating results to differ materially. Such risks and uncertainties include, but are not limited to: the extent of market acceptance of the Company’s current and newly developed products, including fire-rated and PVC decking 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’s 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’s products; the availability and cost of third-party transportation services for the Company’s products and raw materials; the Company’s ability to obtain raw materials, including scrap polyethylene, wood fiber, and other materials used in making our products, at acceptable prices; increasing inflation, oil prices, and tariffs in the macro-economic environment; the Company’s ability to maintain product quality and product performance at an acceptable cost; the Company’s 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, including the ongoing conflict in the Middle East and its potential effect on consumer confidence; risks associated with the Company’s digital transformation initiatives and related costs; risks associated with the startup, construction, and operational transition of the Company’s Arkansas facility; risks associated with changes to the Company's distribution model, including potential disruption to sales channels and customer relationships; and material adverse impacts related to labor shortages or increases in labor costs. Documents filed with the U.S. Securities and Exchange Commission by the Company, including in particular its latest annual report on Form 10-K and quarterly reports on Form 10-Q, discuss some of the important factors that could cause the Company’s actual results to differ materially from those expressed or implied in these forward-looking statements. The Company expressly disclaims any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

More News From Trex Company, Inc.

The price trend for Trex (TREX - Free Report) has been bearish lately and the stock has lost 8.9% over the past two weeks. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.

While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings of this maker of fencing and decking products is a solid fundamental factor that enhances the prospects of a trend reversal for the stock.

What is a Hammer Chart and How to Trade It?This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.'

In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day's close, and again closes lower. On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price.

When it occurs at the bottom of a downtrend, this pattern signals that the bears might have lost control over the price. And, the success of bulls in stopping the price from falling further indicates a potential trend reversal.

Hammer candles can occur on any timeframe -- such as one-minute, daily, weekly -- and are utilized by both short-term as well as long-term investors.

Like every technical indicator, the hammer chart pattern has its limitations. Particularly, as the strength of a hammer depends on its placement on the chart, it should always be used in conjunction with other bullish indicators.

Here's What Increases the Odds of a Turnaround for TREXThere has been an upward trend in earnings estimate revisions for TREX lately, which can certainly be considered a bullish indicator on the fundamental side. That's because a positive trend in earnings estimate revisions usually translates into price appreciation in the near term.

The consensus EPS estimate for the current year has increased 5.7% over the last 30 days. This means that the Wall Street analysts covering TREX are majorly in agreement about the company's potential to report better earnings than what they predicted earlier.

If this is not enough, you should note that TREX currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. And stocks carrying a Zacks Rank #1 or 2 usually outperform the market. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Moreover, a Zacks Rank of 1 for Trex is a more conclusive indication of a potential trend reversal, as the Zacks Rank has proven to be an excellent timing indicator that helps investors identify precisely when a company's prospects are beginning to improve.

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:

Expro Ltd (XPRO - Free Report) : This energy services company has seen the Zacks Consensus Estimate for its current year earnings increasing 74% over the last 60 days.

Nabors Industries Ltd. (NBR - Free Report) : This oilfield services company has seen the Zacks Consensus Estimate for its current year earnings increase by 18.4% over the last 60 days.

T. Rowe Price Group, Inc. (TROW - Free Report) : This investment management firm has seen the Zacks Consensus Estimate for its current year earnings increasing 4.3% over the last 60 days.

Interactive Brokers Group, Inc. (IBKR - Free Report) : This electronic brokerage company has seen the Zacks Consensus Estimate for its current year earnings increasing 2% over the last 60 days.

Trex Company, Inc. (TREX - Free Report) : This building products company has seen the Zacks Consensus Estimate for its current year earnings increasing 3.6% over the last 60 days.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. 

Q4 Earnings Suprise Could Offer Trex Stock a Path to RecoveryTrex NYSE: TREX said it is overhauling its distribution network by appointing Specialty Building Products, or SBP, as its sole national distributor by year-end while expanding its roster of regional distribution partners.

On a conference call to discuss the announcement, President and CEO Adam Zambanini said the move is intended to simplify Trex’s go-to-market model, improve execution and align the company with distributors that view Trex as their primary brand. As part of the changes, Trex is exiting Boise Cascade as a national distributor for decking and railing.

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Tariff Fatigue? Look to These 3 Stocks for Upside“This isn’t about the past,” Zambanini said. “It’s about where the market is going and how we best position Trex for the future.”

SBP Named Sole National Distributor Zambanini said SBP’s acquisition of OrePac gave the company “genuine national scale” and positioned it to serve both the U.S. and Canada for Trex. He said SBP has grown from a $500 million company in 2016 to $4.5 billion in 2025 and has been Trex’s top distributor for national accounts and its fastest-growing distributor for home centers.

3 Stocks with Unusual Trading Volume During Market SelloffTrex also said it is expanding its regional distribution network to include Coastal Forest Products and BlueLinx, while broadening its existing footprint with WS Building Materials. Zambanini also listed International Wood Products, Weyerhaeuser, Taiga, Nicholson and Cates, Stella-Jones and Manufacturers Reserve Supply among the company’s regional distribution partners.

The company said the new network fully replaces Boise Cascade’s footprint with no loss of coverage and maintains coast-to-coast availability.

Company Expects Limited Operational Disruption Zambanini said Trex does not expect any material disruption to customer service, any material impact on margins or profitability, or any major restructuring or termination costs tied to the transition.

He said the transition is expected to be largely complete within 30 days, with new and expanded distribution partners receiving product, undergoing training and actively selling Trex by no later than mid-August. In some cases, he said, the process could be completed before the end of July.

“We have approached this transition with a high level of rigor to ensure a smooth and seamless execution,” Zambanini said.

During the question-and-answer portion of the call, Zambanini said Trex is moving back toward a dual-distribution model in many markets after previously having triple distribution in roughly half of its network. He said all distributors in the new lineup will be exclusive with Trex for decking and railing.

Preliminary Second-Quarter Results Top Guidance Senior Vice President and CFO Prith Gandhi said Trex’s preliminary second-quarter net sales were approximately $418 million, above the company’s prior expected range of $388 million to $403 million. Preliminary adjusted EBITDA was approximately $112 million.

Gandhi said the performance was driven by strong customer demand in a challenging macroeconomic environment and was broad-based across distribution channels and product lines. He said the quarter did not benefit from load-in purchases by new or expanded distribution partners.

Trex plans to provide more detail on its second-quarter results on its August 4, 2026, earnings call.

Guidance Raised for 2026 Trex raised its full-year 2026 outlook, citing its strong start to the year and continued execution. The company now expects revenue of $1.215 billion to $1.25 billion. It also raised its adjusted EBITDA outlook to a range of $330 million to $345 million, up from a prior range of $315 million to $340 million.

Gandhi said the financial impact of the distribution transition is expected to be “limited, manageable, and primarily timing-related.” He said Trex may see modest shipment timing shifts in the near term but does not expect changes to underlying demand or margins.

The company said it will incur some selling, general and administrative expenses related to training, merchandising and distributor onboarding. Gandhi described those costs as small and largely one-time in nature, adding that they are already contemplated in the updated guidance.

On inventory, Gandhi said channel inventory remains at low levels and any short-term adjustments as Boise sells through inventory are expected to be temporary and minimal. Zambanini added that Trex does not expect to build inventory to support the transition.

Management Emphasizes Long-Term Growth Strategy Zambanini framed the distribution changes as part of Trex’s broader strategy to optimize its channels for growth amid consolidation among distributors, larger national accounts and rising expectations for speed, service and product availability.

He said Trex wants to ensure it is the “preeminent brand” with each distributor and that its partners lead with Trex in their portfolios. He also said the new structure could give the company more flexibility as it seeks growth beyond decking and railing.

“Ultimately, this is about ensuring Trex is not just adapting to a changing channel, but leading that change,” Zambanini said.

About Trex NYSE: TREXTrex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company's core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex's product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Action Aligns With Trex’s Stated Long Term Strategic Priority to Optimize our Channels for Growth

Trex Expands with SBP, the Largest and Fastest Growing Distributor of Specialty Building Products in North America

Preliminary Second Quarter Revenue of Approximately $418M, Above Guidance Range

Raising Full Year 2026 Guidance

Trex Will Hold a Conference Call Today at 5:00pm EST

WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company [NYSE: TREX], the world’s largest manufacturer of wood-alternative decking and railing and a leading brand of outdoor living products, today announced the realignment of its North American distribution network.

Specialty Building Products (SBP) will be Trex’s sole national distributor of decking and railing products across North America. In addition to SBP covering national distribution, Trex will also further expand its regional distribution footprint with WS Building Materials (formerly Snavely, Weekes, and Logan), Coastal Forest Products in New England and BlueLinx in the South Central region. These actions further align Trex’s distribution network with the number-one brand in decking and railing while streamlining access to products across key markets nationwide. As part of these distribution actions, Trex will transition away from Boise Cascade as a distributor of Trex products.

“Today’s announcement is a key step towards driving one of our five-stated priorities that define our path to long-term, durable profitable growth and increased shareholder value, namely - Optimize our Channels for Growth. The distribution channel has seen many changes over the last five years with significant consolidation of both distributors and dealers in the two-step channel. We expect the distribution landscape to continue evolving and are taking decisive proactive steps to ensure our products can best reach both the homeowner and the pro contractors across our geographies,” said Adam Zambanini, President and CEO of Trex Company.

“We shifted to SBP as our exclusive national distributor partner based on their dynamic service capabilities and relentless drive for long-term growth. SBP shares our vision for the future—from growth through innovation to the continued evolution of our distribution model,” said Zambanini. “With this expanded relationship, SBP will exclusively carry the breadth of Trex’s decking and railing products across its extensive distribution network.”

SBP is the largest and fastest growing distributor of specialty building products in North America. The company first began distributing Trex decking products in 2002 and has since become one of Trex’s largest and most impactful partners. With the acquisition of OrePac in 2025, SBP expanded its footprint to serve all of North America, providing Trex with unparalleled reach to consumers and contractors.

“This expansion of our relationship with Trex is a strategic milestone for SBP, further strengthening our alignment with Trex - the industry’s leading outdoor living brand,” said Jeff McLendon, CEO of Specialty Building Products. “Throughout our long, and highly successful relationship, Trex has consistently set the standard through innovation, market leadership, and execution. This strategic national distribution partnership builds on that strong foundation and positions us to accelerate our shared growth. Together with the Trex team, we are committed to an ambitious vision for expanding market share in this growing category while continuing to deliver exceptional value and service to our mutual customers.”

To further optimize its channel distribution network, Trex is also expanding its relationship with WS Building Materials, one of the largest regional distributors in the Midwest, MidAtlantic and southern United States. WS Building Materials will now support Trex across Wisconsin, Illinois, North Dakota, South Dakota, Indiana, Iowa, Nebraska, and Missouri.

“Over the past five years, WS Building Materials has consistently demonstrated that Trex is the number-one brand they want to represent,” said Zambanini. “They have steadily expanded Trex across their footprint and now distribute Trex products from all of their existing locations. WS Building Materials also has ambitious plans for continued growth, making them an ideal long-term distribution partner.”

“Trex has been a trusted, long-standing distribution partner to WS Building Materials, and we’re proud to expand that relationship through this expanded distribution alignment,” said Scott Gardner, President of WS Building Materials. “This next phase strengthens our ability to scale Trex’s industry-leading products across our network, expand into new markets, and deliver consistent, high-level service to our customers.”

Trex is also adding Coastal Forest Products as a regional distributor in New England supporting Trex throughout New York, Connecticut, Rhode Island, New Hampshire, Vermont, and Maine.

“Coastal Forest Products has built a strong, respected brand throughout New England that complements the Trex brand extremely well,” said Zambanini. “This distribution relationship enhances our ability to serve dealers and contractors in the region as consumer demand for premium decking and railing continues to grow.”

“We’re thrilled to be joining forces with Trex,” said Pike Severance, President of Coastal Forest Products. “Their success to date has been impressive, and we are taking a meaningful step forward for both organizations. By combining our strengths with their proven foundation, we’re well positioned to scale that success, unlock new opportunities, deepen our impact with customers, and help shape what comes next for the market.”

Finally, Trex is expanding its distribution network in the South Central Region with BlueLinx, further strengthening coverage and service levels in this important market. BlueLinx will distribute Trex in Louisiana, Arkansas, Mississippi, Alabama, Georgia, Tennessee, Kentucky and parts of Missouri, Illinois, Indiana, Ohio, and West Virginia.

“We are excited to announce this new distribution agreement with BlueLinx,” said Zambanini. “Over the past two decades, they have established themselves as a major player within the South Central Region, and we are confident that adding their network of distribution in this important part of the country will continue to fuel Trex’s growth.”

"We appreciate the confidence that Trex has placed in BlueLinx to accelerate their growth strategy in the South Central Region," said Shyam Reddy, President and CEO of BlueLinx. "We are especially excited about offering Trex’s well-known specialty product lines to our customers in these fast-growing markets."

During the transition, Trex will work closely with all distribution partners to ensure uninterrupted product availability, including retail stocking and special orders through major home centers.

“Dual distribution in all major markets has been a key part of our winning strategy for several decades,” added Zambanini. “With SBP’s national coverage and our network of strong regional distribution partners, Trex will continue to be available from two of the top distributors wherever dealers, contractors, and consumers are making their purchase decisions.”

Q2 Results Above the High End of Range and Reiterate 2026 Guidance

“We anticipate second quarter sales to come in at approximately $418 million, above our guidance of $388 to $403 million with strong sell through driven by consumer demand across our channels and products. Adjusted EBITDA is expected to be approximately $112 million. We are also increasing our full year guidance, shown in the table below, given our strong start to the year and continuing strong execution by the Trex team,” said Prith Gandhi, Senior Vice President and Chief Financial Officer.

These preliminary results are estimates based on information available to management of Trex as of the date of this release and are subject to change upon completion of Trex’s standard closing procedures and review by its independent registered public accounting firm. As a result, there can be no assurance that Trex’s final results will not differ from these preliminary estimates. Trex has not provided a reconciliation of forward-looking Adjusted EBITDA to net income, the most directly comparable GAAP measure, because certain items required for such reconciliation are outside of Trex’s control and/or cannot be reasonably predicted without unreasonable efforts. The probable significance of these items cannot be determined at this time. See “Forward-Looking Statements” below for information on certain factors that could cause actual results to differ from these preliminary estimates.

Full Year 2026 Guidance

Low

High

Net sales

$1.215B

$1.250B

Adjusted EBITDA

$335M

$350M

Depreciation and amortization

~$85M

SG&A

~18% of net sales

Interest expense

$8M

$10M

Effective tax rate

25.5%

27.0%

CapEx

$100M

$120M

Conference Call & Webcast Information

Trex will hold a conference call on Monday, July 13, 2026, at 5:00 p.m. ET. To participate on the day of the call, dial 1-844-792-3734, or internationally 1-412-317-5126, approximately ten minutes before the call, and tell the operator you wish to join the Trex Company Conference Call.

A live webcast of the conference call will be available in the Investor Relations section of the Trex Company website at Investor Relations. For those who cannot listen to the live broadcast, an audio replay of the conference call will be available within 24 hours of the call on the Trex website. The audio replay will be available for 30 days.

Use of Non-GAAP Measures

The Company reports its financial results in accordance with accounting principles generally accepted in the United States (GAAP). To supplement our consolidated financial statements reported on a GAAP basis, we provide the following non-GAAP financial measure, adjusted earnings before interest, income taxes, depreciation and amortization (Adjusted EBITDA). Management believes this non-GAAP financial measure provides investors with additional meaningful financial information that should be considered when assessing our underlying business performance and trends. Further, management believes this non-GAAP financial measure also enhances investors’ ability to compare period-to-period financial results. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the Company’s reported results prepared in accordance with GAAP and are not meant to be considered superior to or a substitute for our GAAP results. Our non-GAAP financial measures do not represent a comprehensive basis of accounting. Therefore, our non-GAAP financial measures may not be comparable to similarly titled measures reported by other companies. A reconciliation of this non-GAAP financial measure to GAAP information is included below. Management uses these non-GAAP financial measures in making financial, operating, compensation and planning decisions and in evaluating the Company’s performance. Disclosing these non-GAAP financial measures allows investors and management to view our operating results excluding the impact of items that are not reflective of the underlying operating performance.

Non-GAAP Reconciliation Tables

    Trex Company, Inc. Three Months Ended
June 30, 2026 ($ in millions) Net Income $

61.9

Interest 2.3

Income taxes 22.0

Depreciation and amortization 19.4

Non-operating expenses 4.7

Arkansas start up 0.6

Digital transformation 1.1

Adjusted EBITDA $

112.0

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’s #1 brand of sustainable, wood-alternative decking and railing, and a leader in high performance, low-maintenance outdoor living products. Boasting the industry’s strongest distribution network, Trex sells products 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 – all marketed under the Trex® brand. Based in Winchester, Va., Trex is proud to have been named America’s Most Trusted® Outdoor Decking^ for the past 6 years (2021-2026). The company also holds a place on Barron’s list of the 100 Most Sustainable U.S. Companies (2024 and 2025), was named one of America’s Most Responsible Companies 2024 by Newsweek, ranked as one of the 100 Best ESG Companies by Investor’s Business Daily, and named the Sustainable Brand Leader in the decking category by Green Builder Media for the 16th consecutive year. For more information, visit Trex.com.

^Trex received the highest numerical score in the proprietary Lifestory Research 2021-2026 America’s Most Trusted® Outdoor Decking studies. Study results are based on experiences and perceptions of people surveyed. Your experiences may vary. Visit www.lifestoryresearch.com.

Forward-Looking Statements

The statements in this press release regarding the Company’s expected future performance and condition constitute “forward-looking statements” 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’s actual operating results to differ materially. Such risks and uncertainties include, but are not limited to: risks associated with the realignment of the Company's distribution network, including potential disruption to product availability, loss of dealer or contractor relationships, and the ability of new or expanded distribution partners to perform as expected; the extent of market acceptance of the Company’s current and newly developed products, including fire-rated and PVC decking 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’s 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’s products; the availability and cost of third-party transportation services for the Company’s products and raw materials; the Company’s ability to obtain raw materials, including scrap polyethylene, wood fiber, and other materials used in making our products, at acceptable prices; increasing inflation, oil prices, and tariffs in the macro-economic environment; the Company’s ability to maintain product quality and product performance at an acceptable cost; the Company’s 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, including the ongoing conflict in the Middle East and its potential effect on consumer confidence; risks associated with the Company’s digital transformation initiatives and related costs; risks associated with the startup, construction, and operational transition of the Company’s Arkansas facility; and material adverse impacts related to labor shortages or increases in labor costs. Documents filed with the U.S. Securities and Exchange Commission by the Company, including in particular its latest annual report on Form 10-K and quarterly reports on Form 10-Q, discuss some of the important factors that could cause the Company’s actual results to differ materially from those expressed or implied in these forward-looking statements. The Company expressly disclaims any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

WINCHESTER, Va., July 09, 2026 (GLOBE NEWSWIRE) -- Trex Company [NYSE:TREX], the world’s leading brand of wood-alternative decking, railing and outdoor living products, has been named to TIME’s “America’s Best Companies 2026” list. Presented by TIME and research partner Statista, the annual ranking recognizes companies that excel in financial performance, employee satisfaction and sustainability.

“This recognition is especially meaningful as Trex celebrates its 30th anniversary,” said Adam Zambanini, President and CEO of Trex Company. “For three decades, we’ve focused on creating long-term value for our customers, channel partners, employees, shareholders and communities. Being recognized by TIME reflects the dedication of our team, the strength of our culture and our commitment to innovation, operational excellence and responsible business practices.”

To determine this year’s rankings, thousands of U.S. companies were evaluated based on employee satisfaction, financial performance and sustainability transparency. Drawing on employee survey data, financial results, and publicly available environmental, social and governance (ESG) information, the 1,000 highest-scoring companies were identified to be recognized as America’s Best Companies 2026.

Trex is the only decking brand to be included in this year’s roster and was ranked among the Top 100 Sustainable Engineering, Manufacturing & Medical Technology Companies. The full list of this year’s honorees is published on TIME.com.

Engineering, Manufacturing & Medical Technology

Since pioneering composite decking in the mid-1990s, Trex has grown from a category creator into a comprehensive outdoor living brand. Building on its legacy of product innovation and sustainable manufacturing, the company now offers an extensive portfolio that includes decking, railing, deck drainage, flashing tapes, LED lighting, outdoor kitchens, pergolas, fencing, lattice, outdoor furniture and other complementary products. Today, Trex products are sold through more than 6,700 retail locations across six continents.

For more information, visit Trex.com.

About Trex Company, Inc.
For more than 30 years, Trex Company [NYSE: TREX] has invented, reinvented and defined the wood-alternative decking category. Today, the company is the world’s #1 brand of premium, sustainable, wood-alternative decking and residential railing, and a leader in high-performance, low-maintenance outdoor living products. Boasting the industry’s strongest distribution network, Trex sells products 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, deck lighting, outdoor kitchen components, fencing, pergolas, spiral stairs, lattice, cornhole and outdoor furniture – all marketed under the Trex® brand.

Based in Winchester, Va., Trex is proud to have been named America’s Most Trusted® Outdoor Decking^ for the past 6 years (2021-2026) and included in Newsweek’s list of the Most Trustworthy Companies in America 2026. Additionally, USA Today included Trex on its 2026 list of “America’s Climate Leaders.” The company has also been ranked on Barron’s list of the 100 Most Sustainable U.S. Companies (2024 and 2025), was named one of America’s Most Responsible Companies 2024 by Newsweek, highlighted as one of the 100 Best ESG Companies by Investor’s Business Daily, and named the Sustainable Brand Leader in the decking category by Green Builder Media for 16 consecutive years. For more information, visit Trex.com. You may also follow Trex on Facebook (trexcompany), Instagram (trexcompany), X (Trex_Company), LinkedIn (trex-company), TikTok (trexcompany), Pinterest (trexcompany) and Houzz (trex-company-inc), or view product and demonstration videos on the brand’s YouTube channel (TheTrexCo).

^2021-2026 DISCLAIMER: Trex received the highest numerical score in the proprietary Lifestory Research 2021-2026 America’s Most Trusted® Outdoor Decking studies. Study results are based on the experiences and perceptions of people surveyed. Your experiences may vary. Visit www.lifestoryresearch.com.

Contact: Corinne Racine or Carly Rassmussen
L.C. Williams & Associates
312/565-3900
[email protected] or [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/70823445-13d2-443b-b4d9-4bf4921dbe92

Trex Named to TIME’s List of “America’s Best Companies 2026” Trex is the only decking brand to be included in this year’s roster and was ranked among the Top 100...

Trex Company, Inc. [NYSE: TREX], the world's largest manufacturer of wood-alternative composite decking and railing, and a leader in high-performance, low-main

Trex is rebounding with a new CEO and a five-year growth strategy focused on innovation, marketing, and market share expansion. TREX targets a $2B revenue goal by 2030, leveraging its competitive moat, recycled-material cost advantage, and untapped market conversion from wood. I project a price target range of $55–$67, reflecting 20–47% upside, as the market is not pricing in new product innovations or staycation-driven demand.

-

Outdoor Living Leader Ranked #2 in Construction for Outstanding Customer, Employee and Investor Trust

WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company [NYSE:TREX], the world’s largest manufacturer of wood-alternative composite decking and railing and a leader in high-performance, low-maintenance outdoor living products, has been named to Newsweek’s list of the Most Trustworthy Companies in America 2026. The company was also previously recognized on Newsweek’s list of America’s Most Responsible Companies 2024, underscoring its ongoing commitment to corporate responsibility and transparency.

"At Trex, trust is at the core of everything we do, from the way we design and manufacture our products to how we support our customers, partners and employees."

Share Presented by Newsweek in partnership with Statista Inc., a leading global statistics portal and industry ranking provider, the Most Trustworthy Companies in America list recognizes U.S.-based companies that have earned strong trust among key stakeholders – specifically customers, employees and investors – based on independent research and public sentiment. The 2026 roster includes 700 companies across 23 industries. In the Construction category, which includes a broad range of organizations spanning contractors, manufacturers and building products providers, Trex ranked #2 out of the 15 recognized companies and is the only decking brand to earn a spot on the prestigious list.

This latest honor follows Trex being named America’s Most Trusted® Decking Brand^ for the sixth consecutive year, further reinforcing the company’s reputation for delivering reliable, high-quality products and maintaining strong relationships with its stakeholders.

“At Trex, trust is at the core of everything we do, from the way we design and manufacture our products to how we support our customers, partners and employees,” said Bryan Fairbanks, President and CEO of Trex Company. “Being recognized by Newsweek as one of the most trustworthy companies in America is a meaningful validation of our commitment to integrity, consistency and long-term performance.”

The Newsweek rankings are based on an independent survey of 25,000 U.S. residents, who submitted more than 101,000 evaluations of companies headquartered in the U.S. with annual revenues of at least $500 million. Participants assessed organizations across three key dimensions of trust:

Customer trust – fairness, product and service quality, complaint resolution and credibility of communications; Investor trust – long-term investment potential, corporate values and management competency; and Employee trust – workplace fairness, compensation, career development opportunities and overall employer attractiveness. In addition to survey data, the analyses incorporated a comprehensive social listening component, evaluating sentiment across a wide range of online sources, including news outlets, forums, social media platforms and press coverage.

“Earning the trust of our stakeholders requires a continuous focus on accountability, innovation and doing what’s right,” added Fairbanks. “We are proud to be recognized alongside other leading organizations and remain committed to building on this foundation of trust for years to come.”

The Most Trustworthy Companies in America 2026 list was announced on April 1, and can be viewed on Newsweek’s website. To learn more about Trex Company, visit trex.com.

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’s #1 brand of sustainable wood-alternative decking and residential railing, and a leader in high performance, low-maintenance outdoor living products. Boasting the industry’s strongest distribution network, Trex sells products 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 – all marketed under the Trex® brand. Based in Winchester, Va., Trex is proud to have been named America’s Most Trusted® Outdoor Decking^ for the past 6 years (2021-2026). The company also holds a place on Barron’s list of the 100 Most Sustainable U.S. Companies (2024 and 2025), was named one of America’s Most Responsible Companies 2024 by Newsweek, ranked as one of the 100 Best ESG Companies by Investor’s Business Daily, and named the Sustainable Brand Leader in the decking category by Green Builder Media for the 15th consecutive year. For more information, visit Trex.com. You may also follow Trex on Facebook (trexcompany), Instagram (trexcompany), X (Trex_Company), LinkedIn (trex-company), TikTok (trexcompany), Pinterest (trexcompany) and Houzz (trex-company-inc), or view product and demonstration videos on the brand’s YouTube channel (TheTrexCo).

^Trex received the highest numerical score in the proprietary Lifestory Research 2021-2026 America’s Most Trusted® Outdoor Decking studies. Study results are based on experiences and perceptions of people surveyed. Your experiences may vary. Visit www.lifestoryresearch.com.

More News From Trex Company

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-

WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company, Inc. [NYSE: TREX], the world’s largest manufacturer of wood-alternative composite decking and railing, and a leader in high-performance, low-maintenance outdoor living products, will issue its first quarter 2026 earnings release on Thursday, May 7, 2026, at 6:30 AM ET.

You are invited to participate in the Company’s conference call hosted by senior management on May 7, 2026, at 8:00 AM ET. Their prepared remarks will be followed by a question-and-answer session.

1Q26 Conference Call Date & Time:

Thursday, May 7, 2026, at 8:00 AM ET

To participate on the day of the call, dial 1-844-792-3734 or internationally 1-412-317-5126 approximately ten minutes before the call and tell the operator you wish to join the Trex Company Conference Call.

A live webcast of the conference call will be available in the Investor Relations section of the Trex Company website at 1Q26 Earnings Webcast. For those who cannot listen to the live broadcast, an audio replay of the conference call will be available within 24 hours after the call on the Trex website. The audio replay will be available for 30 days.

About Trex Company, Inc.

For more than 30 years, Trex Company [NYSE: TREX] has invented, reinvented and defined the composite decking category. Today, the company is the world’s #1 brand of sustainable wood-alternative decking and railing, and a leader in high performance, low-maintenance outdoor living products. Boasting the industry’s strongest distribution network, Trex sells products 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 – all marketed under the Trex® brand. Based in Winchester, Va., Trex is proud to have been named America’s Most Trusted® Outdoor Decking^ for the past 6 years (2021-2026). The company also holds a place on Barron’s list of the 100 Most Sustainable U.S. Companies (2024 and 2025), was named one of America’s Most Responsible Companies 2024 by Newsweek, ranked as one of the 100 Best ESG Companies by Investor’s Business Daily, and named the Sustainable Brand Leader in the decking category by Green Builder Media for the 15th consecutive year. For more information, visit Trex.com. You may also follow Trex on Facebook (trexcompany), Instagram (trexcompany), X (Trex_Company), LinkedIn (trex-company), TikTok (trexcompany), Pinterest (trexcompany) and Houzz (trex-company-inc), or view product and demonstration videos on the brand’s YouTube channel (TheTrexCo).

^Trex received the highest numerical score in the proprietary Lifestory Research 2021-2026 America’s Most Trusted® Outdoor Decking studies. Study results are based on experiences and perceptions of people surveyed. Your experiences may vary. Visit www.lifestoryresearch.com.

More News From Trex Company, Inc.

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WINCHESTER, Va., April 21, 2026 (GLOBE NEWSWIRE) -- As communities nationwide prepare to celebrate Earth Day (April 22) and Arbor Day (April 24), Trex Company [NYSE:TREX], the world’s largest manufacturer of wood-alternative decking and railing, is spotlighting the environmental impact that has defined Trex for more than three decades: transforming recycled and reclaimed materials into performance-engineered outdoor living products. Since its founding, the company has diverted more than 5.5 billion pounds of waste polyethylene (PE) plastic film from landfills and waterways, making it one of the largest recyclers of plastic film in North America.

Long before sustainability became a buzzword, Trex pioneered a solution for difficult-to-recycle PE plastic film by using it as a key material in its industry-leading decking. Today, Trex manufactures its high-performance deck boards using 95% recycled and reclaimed materials – a model that gives new life to more than 1 billion pounds of plastic and wood scrap each year.

“At Trex, sustainability isn’t a seasonal message; it’s the foundation of our business,” said Amy Fernandez, Chief Sustainability Officer for Trex Company. “Earth Day and Arbor Day provide meaningful opportunities to reflect on how far circularity has come, and how much more progress is possible when innovation and environmental responsibility go hand in hand.”

Rethinking the Future of Plastic Film

At the heart of Trex’s sustainability strategy is the NexTrex® program, a nationwide material sourcing initiative that engages schools, nonprofits, municipalities, community groups, retailers, businesses and manufacturers in collecting PE film and upcycling it into durable and sustainable Trex composite decking. Because plastic film cannot be recycled in curbside bins with other recyclable materials like paper, cardboard and glass, the NexTrex program offers a simple way for consumers, companies and organizations to responsibly dispose of plastic film waste.

Today, the NexTrex program boasts more than 10,000 partners across three participation tiers: Grassroots, Community and Retail. Together, these dedicated partners contribute to the more than 370 million pounds of PE plastic recycled by Trex each year.

The NexTrex Grassroots Movement works together with eco-minded businesses, municipalities, educational institutions and other organizations to serve as drop-off locations where local community members can recycle plastic film. Partners are equipped with balers for bundling collected plastic film, and once 20-40 bales (roughly 20,000–40,000 pounds) are accumulated, Trex arranges pickup and transports the material to one of its three U.S. manufacturing facilities. Partners are compensated for the collected plastic, helping turn community waste into a viable revenue stream. Since its inception in 2022, the program has grown to include more than 100 partners, recycling more than 4 million pounds of PE film in 2025 alone.
The Community Recycling Challenge engages civic groups, houses of worship, scouting troops, K-12 schools, colleges/universities and more in plastic film collection. Participants weigh, record and deliver the plastic they’ve collected to be recycled for the chance to win prizes/gifts from Trex Company. In 2024 alone, more than 3,800 community groups participated, recycling more than 2.9 million pounds of PE film.
Through the Retail Recycling Program, Trex partners with grocery stores and major retailers to serve as convenient drop-off destinations for post-consumer plastic film. Retail partners are equipped with recycling bins for both everyday shoppers and participants in the Community Recycling Challenge to drop off their discarded plastic. Since 2024, the program has grown to include more than 10,000 retail stores across the country. From Waste to Wonder: Reclaimed Wood in Action

Reclaimed wood is the second key material in Trex’s high-performance composite decking. Trex never sources virgin timber to obtain wood, instead using wood scrap and sawdust from lumberyards, flooring makers, cabinet makers and other wood processing companies. Working closely with its reclaimed wood suppliers to understand the origins and certifications of the virgin timber they purchase, Trex estimates that 94% of the reclaimed wood it receives is from certified sustainable sources and agricultural waste.

Finding innovative material sources that benefit both the environment and real-world community challenges is an ongoing priority for Trex. For example, Trex’s production facility in Fernley, Nev., serves as a destination for orchard trees that have reached the end of their production life, providing a sustainable disposal solution for area farmers.

“Protecting natural resources isn’t just an aspiration, it’s a responsibility,” added Fernandez. “For more than 30 years, Trex has made recycling tangible by turning waste into something you can walk on, gather around and enjoy for decades. We hope consumers will join us by making small, meaningful choices that can add up to a lasting impact.”

In honor of Earth Day and Arbor Day, Trex is inviting Americans to take a simple step with a lasting impact by giving their household plastics a second life. These include everyday items such as grocery/retail bags, produce bags, sandwich bags, case overwrap, plastic wrap from paper towels and toilet paper, newspaper sleeves, dry cleaner bags, bubble wrap and flexible shipping pouches. A full list of qualifying materials can be found at NexTrex.com and collected plastics can be dropped off at any of the more than 10,000 partner locations nationwide, including Alaska and Hawaii. Find a drop-off location near you via the NexTrex Plastic Recycling Drop-off Directory and start making a difference today.

For businesses and organizations interested in learning more about NexTrex, email [email protected] or visit NexTrex.com. For more information about Trex Company’s sustainability initiatives and eco-friendly products, visit Trex.com.

IMAGES: https://www.dropbox.com/scl/fo/0mlfj35ae419v10ehp79p/AKh8U_fosCE_Pq4_u91oeMg?rlkey=qqu2je447rgx650924tk1xpan&st=9hy4ihdg&dl=0

About Trex Company, Inc.
For more than 30 years, Trex Company [NYSE: TREX] has invented, reinvented and defined the wood-alternative decking category. Today, the company is the world’s #1 brand of sustainable, wood-alternative decking and residential railing, and a leader in high-performance, low-maintenance outdoor living products. Boasting the industry’s strongest distribution network, Trex sells products 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, deck lighting, outdoor kitchen components, fencing, pergolas, spiral stairs, lattice, cornhole and outdoor furniture – all marketed under the Trex® brand. Based in Winchester, Va., Trex is proud to have been named America’s Most Trusted® Outdoor Decking^ for the past 6 years (2021-2026) and included in Newsweek’s list of the “Most Trustworthy Companies in America 2026.” The company also holds a place on Barron’s list of the 100 Most Sustainable U.S. Companies (2024 and 2025), was named one of America’s Most Responsible Companies 2024 by Newsweek, ranked as one of the 100 Best ESG Companies by Investor’s Business Daily, and named the Sustainable Brand Leader in the decking category by Green Builder Media for the 16th consecutive year. For more information, visit Trex.com. You may also follow Trex on Facebook (trexcompany), Instagram (trexcompany), X (Trex_Company), LinkedIn (trex-company), TikTok (trexcompany), Pinterest (trexcompany) and Houzz (trex-company-inc), or view product and demonstration videos on the brand’s YouTube channel (TheTrexCo).

^2021-2026 DISCLAIMER: Trex received the highest numerical score in the proprietary Lifestory Research 2021-2026 America’s Most Trusted® Outdoor Decking studies. Study results are based on the experiences and perceptions of people surveyed. Your experiences may vary. Visit www.lifestoryresearch.com.

Media contact: Taylor Spanbauer
L.C. Williams & Associates
312/565-3900
[email protected]

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/df2c4613-8495-4086-8f10-0108e10685b9

https://www.globenewswire.com/NewsRoom/AttachmentNg/68853139-2d43-4942-ad4e-87289c5c2e66

Turning Waste into What's Next Trex manufactures its high-performance deck boards using 95% recycled and reclaimed materials – a mo... Rethinking the Future of Plastic Film The NexTrex program boasts more than 10,000 partners across three participation tiers: Grassroots, C...

Posted by Defense World Staff on Apr 24th, 2026

Cwm LLC raised its stake in Trex Company, Inc. (NYSE:TREX – Free Report) by 182.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,995 shares of the construction company’s stock after buying an additional 55,495 shares during the quarter. Cwm LLC owned approximately 0.08% of Trex worth $3,017,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TREX. AQR Capital Management LLC boosted its position in shares of Trex by 17,551.6% during the 3rd quarter. AQR Capital Management LLC now owns 1,598,001 shares of the construction company’s stock valued at $81,498,000 after acquiring an additional 1,588,948 shares during the last quarter. Impax Asset Management Group plc increased its position in Trex by 93.0% during the third quarter. Impax Asset Management Group plc now owns 1,934,581 shares of the construction company’s stock worth $99,354,000 after purchasing an additional 932,247 shares during the last quarter. Wellington Management Group LLP increased its position in Trex by 86.8% during the third quarter. Wellington Management Group LLP now owns 1,974,096 shares of the construction company’s stock worth $102,002,000 after purchasing an additional 917,448 shares during the last quarter. Federated Hermes Inc. raised its stake in Trex by 90.6% during the third quarter. Federated Hermes Inc. now owns 1,469,878 shares of the construction company’s stock worth $75,949,000 after purchasing an additional 698,628 shares during the period. Finally, Bank of America Corp DE raised its stake in Trex by 93.1% during the second quarter. Bank of America Corp DE now owns 1,299,381 shares of the construction company’s stock worth $70,660,000 after purchasing an additional 626,452 shares during the period. 95.96% of the stock is owned by institutional investors and hedge funds.

Trex Price Performance Shares of TREX stock opened at $42.35 on Friday. Trex Company, Inc. has a 1-year low of $29.77 and a 1-year high of $68.78. The firm has a market cap of $4.40 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 9.60 and a beta of 1.61. The company has a 50-day moving average of $39.14 and a two-hundred day moving average of $39.92.

Trex (NYSE:TREX – Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The construction company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $161.13 million for the quarter, compared to the consensus estimate of $144.39 million. Trex had a net margin of 16.22% and a return on equity of 20.29%. The business’s revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 EPS. Sell-side analysts anticipate that Trex Company, Inc. will post 1.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth TREX has been the subject of several analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a $54.00 price target on shares of Trex in a research note on Thursday, January 8th. Barclays reduced their price target on shares of Trex from $39.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 8th. DA Davidson upped their price objective on Trex from $50.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Robert W. Baird set a $48.00 price objective on Trex in a research report on Monday, January 12th. Finally, Benchmark cut Trex from a “buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Trex currently has a consensus rating of “Hold” and an average price target of $47.88.

Get Our Latest Stock Analysis on Trex

About Trex (Free Report)

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company’s core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex’s product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.

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Launches Five Long-Term Strategic Priorities

Well Positioned Heading Into Peak Deck-Building Season with Recent Home Center Stocking Wins

Executes and Expands Significant Share Repurchase Program

Reaffirms Full Year 2026 Guidance

First Quarter Financial Highlights

Net sales of $343 million

Gross margin of 40.5%

Net income of $61 million and diluted earnings per share of $0.58

Adjusted net income of $62 million and adjusted diluted earnings per share of $0.59

Adjusted EBITDA of $103 million

WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company, Inc. [NYSE:TREX], the world’s largest manufacturer of wood-alternative composite decking and railing, and a leader in high-performance, low-maintenance outdoor living products, today announced financial results for the first quarter of 2026.

Commenting on the quarter, Adam Zambanini, President and CEO, said, “We entered 2026 with strong momentum and a renewed sense of energy and excitement driving the entire organization forward. During the quarter, Trex delivered solid results driven primarily by positive performance in our premium decking portfolio and supported by recent shelf space wins in retail. The Company also delivered strong margins, reflecting product mix, operational efficiencies and cost discipline.”

“During the quarter, we began to take decisive actions aligned with our new long-term strategic priorities, positioning the Company to return to above-industry growth through unmatched innovation, enhanced execution, and renewed investment in our brand, marketing, and customer experience.

Long-Term Strategic Priorities

Trex recently launched five priorities to define a focused, durable path to long-term profitable growth and increased shareholder value:

Create an Unbreakable Bond with End Users: Deepen brand preference and loyalty across consumers, contractors, and pros through superior marketing, product experience, and service. Launch High‑Performance Innovation: Continue to expand Trex’s leadership in material science and performance through products that represent the next generation of outdoor living solutions. Optimize Channels for Growth: Strengthen distribution effectiveness and ensure Trex products are readily available across retail, dealer, and pro channels to drive above-market growth. Lower the Cost of Railing: Drive cost efficiencies and design advancements to enhance margin structure and accelerate share gains in this fast‑growing product line. Growth Enablement: Invest in the foundation – culture, technology, and talent – that powers sustainable growth. We’re strengthening our organization by aligning around accountability, upskilling for digital and commercial excellence, and fostering an innovation‑driven culture that empowers teams to act with speed and discipline. “As I noted last quarter, driving growth through innovation remains a key priority. Our recently launched PVC decking product is performing well, leading us to expand into geographies beyond our initial West Coast rollout. The fire-rated product category represents an attractive market opportunity, and we are committed to competing aggressively to capture share in this and other potential growth areas through unmatched product innovation.

“Our refined incentive and marketing programs have been very well received by our channel partners further strengthening these valued relationships. We also are excited about the next phase of our consumer- and pro-focused marketing campaign centered around our “Performance-Engineered for Your Life Outdoors™” brand platform, which launched in May 2025. As we move forward, the Trex brand and our value proposition will become increasingly visible and strategically positioned, with the impact of these programs further enhanced by our investment in digital tools. In the first quarter our digital metrics showed consistent growth across key leading indicators, with high‑intent behaviors meaningfully outpacing overall traffic, signaling more deliberate consumer engagement,” noted Mr. Zambanini.

Q1 2026 Financial Summary

All financial results comparisons made are against the prior-year period unless otherwise noted:

Net sales were $343 million compared to $340 million, an increase of 1%, due to positive price/mix in the quarter.

Gross profit was $139 million with gross margin of 40.5%, compared to gross profit of $138 million and gross margin of 40.5%. There were no adjustments to this year’s gross profit while last year’s adjusted gross profit, which excluded railing conversion costs of approximately $4 million, was $142 million. A favorable mix of higher margin premium decking boards and margin improvement from continued operational excellence programs helped to offset a $4M increase in depreciation expenses related to our Little Rock production facility. The Company experienced no impact on gross margins related to increased oil prices during the quarter.

Selling, general, and administrative expenses were $56 million, representing 16.2% of net sales, compared to $56 million, or 16.5% of net sales in the prior year. Excluding digital transformation costs and Arkansas facility start-up expenses of $1.2 million and $1.5 million, SG&A was $54 million and $55 million, respectively. The Company continued to increase its investment in branding and marketing programs to drive future growth. Other expenses, including personnel and healthcare related expenses, were lower than expected due to cost containment and timing.

Net income was $61 million, or $0.58 per diluted share, compared to net income of $60 million, or $0.56 per diluted share in the prior year. Adjusted net income was $62 million, with adjusted diluted EPS of $0.59, compared to adjusted net income of $64 million with adjusted diluted earnings per share of $0.60.

Adjusted EBITDA of $103 million compared favorably to an adjusted EBITDA of $101 million in the prior year.

Free cash flow was ($143) million, a 39% improvement from last year, reflecting effective management of working capital and lower capital expenditures as we finish the new Little Rock facility.

During the quarter, the Company authorized significant share repurchase programs including a $100 million ASR program and $50 million of additional discretionary repurchases as part of an existing share repurchase authorization. The Company intends to complete the $150 million repurchase program in the second quarter. Share repurchases remain a key aspect of the Company’s capital allocation strategy.

New Developments & Recognitions

Launched Refuge™ Decking, an ignition resistant PVC decking line, across select markets in the West, New England and Mid-Atlantic. Named Green Builder Media’s Sustainable Brand leader in the decking category for the 16th consecutive year. Trex® Refuge™ was also selected by Green Builder editors as one of the most sustainable products of the year for 2026. Named One of America’s Most Trustworthy Companies. Trex was named to Newsweek’s list of the Most Trustworthy Companies in America 2026. Named America’s Most Trusted® Outdoor Decking for sixth consecutive year, according to a nationwide study by Lifestory Research. Trex Innovation Earned Top Industry and Global Design Honors. Trex Select® Decking and Signature® X-Series™ Railing recognized for performance and versatility. Summary & Outlook

“We continue to anticipate the overall R&R market to be down to flat this year and are closely monitoring any impact on consumer confidence from the ongoing conflict in the Middle East. First quarter financial results were consistent with the cadence we anticipated for the year, with the typical seasonality of the business reflected in both revenue and margins. Additionally, the first quarter reflects continued execution on our commitment to returning capital to shareholders,” said Prith Gandhi, Senior Vice President and Chief Financial Officer.

Based on current visibility, the Company is reaffirming its full year 2026 guidance, shown in the table below, with revenue ranging from $1.185 billion to $1.23 billion and adjusted EBITDA ranging from $315 million to $340 million. The Company also provided second quarter revenue guidance in the range of $388 to $403 million.

The Company expects robust free cash flow generation this year, supported by a meaningful reduction in capital expenditures relative to 2025, as the peak investment phase of the Arkansas campus build-out transitions to an operational phase. Capital expenditure guidance for 2026 is $100 million to $120 million, down from $224 million in 2025. As construction winds down, The Company expects another meaningful increase in free cash flow in 2027 and beyond as capital expenditures return to maintenance levels of roughly 5 to 6% of revenue.

In addition to the execution of its $150 million share repurchase program, the Board of Directors authorized a 10 million share increase to the Company’s existing share repurchase program, bringing the total potential shares available for repurchase to approximately 13% of Trex’s outstanding shares at the end of the quarter.

Full Year 2026 Guidance Low

High

Net sales $1.185B

$1.230B

Adjusted EBITDA $315M

$340M

Depreciation and amortization ~$85M

SG&A ~18% of net sales

Interest expense $8M

$10M

Effective tax rate 25.5%

27.0%

CapEx $100M

$120M

Q2 2026 Guidance

Low

High

Net sales $388M

$403M

Conference Call & Webcast Information

Trex will hold a conference call to discuss its first quarter 2026 results on Thursday, May 7, 2026, at 8:00 a.m. ET. To participate on the day of the call, dial 1-844-792-3734, or internationally 1-412-317-5126, approximately ten minutes before the call, and tell the operator you wish to join the Trex Company Conference Call.

A live webcast of the conference call will be available in the Investor Relations section of the Trex Company website at 1Q26 Earnings Webcast. For those who cannot listen to the live broadcast, an audio replay of the conference call will be available within 24 hours of the call on the Trex website. The audio replay will be available for 30 days.

Use of Non-GAAP Measures

The Company reports its financial results in accordance with accounting principles generally accepted in the United States (GAAP). To supplement our consolidated financial statements reported on a GAAP basis, we provide the following non-GAAP financial measures, adjusted gross profit, adjusted net income, adjusted diluted earnings per share, earnings before interest, income taxes, depreciation and amortization (EBITDA), adjusted EBITDA and free cash flow. Management believes these non-GAAP financial measures provide investors with additional meaningful financial information that should be considered when assessing our underlying business performance and trends. Further, management believes these non-GAAP financial measures also enhance investors’ ability to compare period-to-period financial results. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the Company’s reported results prepared in accordance with GAAP and are not meant to be considered superior to or a substitute for our GAAP results. Our non-GAAP financial measures do not represent a comprehensive basis of accounting. Therefore, our non-GAAP financial measures may not be comparable to similarly titled measures reported by other companies. Reconciliations of these non-GAAP financial measures to GAAP information are included below. Management uses these non-GAAP financial measures in making financial, operating, compensation and planning decisions and in evaluating the Company’s performance. Disclosing these non-GAAP financial measures allows investors and management to view our operating results excluding the impact of items that are not reflective of the underlying operating performance.

Non-GAAP Reconciliation Tables

Reconciliation of GAAP Gross Profit to Adjusted Gross Profit

Three Months Ended

March 31,

Trex Company, Inc. 2026

2025

($ in thousands)

Gross profit $

139,022

$

137,731

Railing conversion -

3,826

Adjusted gross profit $

139,022

$

141,557

Reconciliation of GAAP Net Income to Adjusted Net Income

  Three Months Ended

March 31,

Trex Company, Inc. 2026

2025

($ in thousands) Net Income $

61,403

$

60,434

Railing conversion -

3,826

Digital transformation 1,014

452

Arkansas start up 226

1,085

Income tax effect* (327

)

(1,383

)

Adjusted Net Income $

62,316

$

64,414

  Diluted earnings per share $

0.58

$

0.56

Adjusted diluted earnings per share $

0.59

$

0.60

* Income tax effect calculated using the effective tax rate for the applicable period

Reconciliation of GAAP Net Income to EBITDA and Adjusted EBITDA

  Three Months Ended

March 31,

Trex Company, Inc. 2026

2025

($ in thousands) Net Income $

61,403

$

60,434

Interest expense, net -

76

Income tax expense 22,102

21,153

Depreciation and amortization 18,371

14,249

EBITDA $

101,876

$

95,912

Railing conversion -

3,826

Digital transformation 1,014

452

Arkansas start up 226

1,085

Adjusted EBITDA $

103,116

$

101,275

Reconciliation of GAAP Cash from Operations to Free Cash Flow

  Three Months Ended

March 31,

Trex Company, Inc. 2026

2025

($ in thousands) Net cash (used in) operating activities $

(118,425

)

$

(154,013

)

Expenditures for property, plant, and equipment (23,105

)

(79,486

)

Purchased intangibles (1,852

)

(635

)

Free cash flow $

(143,382

)

$

(234,134

)

GAAP Financial Statement Tables

TREX COMPANY, INC.

Condensed Consolidated Statements of Comprehensive Income

(In thousands, except share and per share data)

      Three Months Ended
March 31,

2026

2025

(Unaudited)

  Net sales $

343,403

$

339,993

Cost of sales 204,381

202,262

Gross profit 139,022

137,731

Selling, general and administrative expenses 55,517

56,068

Income from operations 83,505

81,663

Interest expense, net -

76

Income before income taxes 83,505

81,587

Provision for income taxes 22,102

21,153

Net income $

61,403

$

60,434

Basic earnings per common share 0.58

$

0.56

Basic weighted average common shares outstanding 105,058,351

107,180,665

Diluted earnings per common share 0.58

$

0.56

Diluted weighted average common shares outstanding 105,132,511

107,284,084

Comprehensive income $

61,403

$

60,434

TREX COMPANY, INC. Condensed Consolidated Balance Sheets (In thousands, except share data) (unaudited)   March 31,

December 31,

2026

2025

  ASSETS Current assets: Cash and cash equivalents $

4,492

$

3,807

Accounts receivable, net 326,928

48,091

Inventories 229,580

238,665

Prepaid expenses and other assets 19,031

19,843

Total current assets 580,031

310,406

Property, plant and equipment, net 1,054,824

1,049,733

Operating lease assets 51,404

52,632

Goodwill and other intangible assets, net 32,906

31,529

Other assets 10,649

9,141

Total assets $

1,729,814

$

1,453,441

  LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $

65,941

$

34,759

Accrued expenses and other liabilities 112,739

77,030

Accrued warranty 5,221

5,416

Line of credit 382,500

133,500

Total current liabilities 566,401

250,705

Deferred income taxes 85,833

85,833

Operating lease liabilities 40,138

41,755

Non-current accrued warranty 25,121

24,324

Other long-term liabilities 16,560

16,560

Total liabilities

734,053

419,177

Stockhholder's equity:

Preferred stock, $0.01 par value, 3,000,000 shares authorized; none issued and outstanding

—

—

Common stock, $0.01 par value, 360,000,000 shares authorized; 141,280,582 and 141,208,139 shares issued and 103,898,577 and 105,737,266 shares outstanding at March 31, 2026 and December 31, 2025, respectively

1,413

1,412

Additional paid-in capital

136,183

155,316

Retained earnings

1,851,250

1,789,847

Treasury stock, at cost, 37,382,005 and 35,470,873 shares at March 31, 2026 and December 31, 2025, respectively

(993,085

)

(912,311

)

Total stockholders’ equity

995,761

1,034,264

Total liabilities and stockholders’ equity

$

1,729,814

$

1,453,441

TREX COMPANY, INC. Condensed Consolidated Statements of Cash Flows (In thousands)   Three Months Ended
March 31,

2026

2025

(unaudited)

Operating Activities Net income $

61,403

$

60,434

Adjustments to reconcile net income to net cash used in operating activities: Depreciation and amortization 18,371

14,249

Stock-based compensation 2,634

2,313

(Gain) on disposal of property, plant and equipment (45

)

(57

)

Other non-cash adjustments 117

117

Changes in operating assets and liabilities: Accounts receivable (278,838

)

(302,708

)

Inventories 9,086

30,863

Prepaid expenses and other assets (523

)

2,161

Accounts payable 31,300

4,187

Accrued expenses and other liabilities 15,963

15,278

Income taxes receivable/payable 22,107

19,150

  Net cash used in operating activities (118,425

)

(154,013

)

  Investing Activities Expenditures for property, plant and equipment (23,105

)

(79,486

)

Purchased intangibles (1,852

)

(635

)

Proceeds from sales of property, plant and equipment 45

156

  Net cash used in investing activities (24,912

)

(79,965

)

  Financing Activities Borrowings under line of credit 314,000

257,047

Principal payments under line of credit (65,000

)

(15,700

)

Repurchases of common stock (82,826

)

(4,008

)

Unsettled accelerated share repurchase (20,000

)

-

Proceeds from employee stock purchase and option plans 286

300

Financing costs (2,438

)

10

  Net cash provided by financing activities 144,022

237,649

  Net increase in cash and cash equivalents 685

3,671

Cash and cash equivalents at beginning of period 3,807

1,292

  Cash and cash equivalents at end of period $

4,492

$

4,963

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’s #1 brand of sustainable, wood-alternative decking and railing, and a leader in high performance, low-maintenance outdoor living products. Boasting the industry’s strongest distribution network, Trex sells products 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 – all marketed under the Trex® brand. Based in Winchester, Va., Trex is proud to have been named America’s Most Trusted® Outdoor Decking^ for the past 6 years (2021-2026). The company also holds a place on Barron’s list of the 100 Most Sustainable U.S. Companies (2024 and 2025), was named one of America’s Most Responsible Companies 2024 by Newsweek, ranked as one of the 100 Best ESG Companies by Investor’s Business Daily, and named the Sustainable Brand Leader in the decking category by Green Builder Media for the 16th consecutive year. For more information, visit Trex.com.

^Trex received the highest numerical score in the proprietary Lifestory Research 2021-2026 America’s Most Trusted® Outdoor Decking studies. Study results are based on experiences and perceptions of people surveyed. Your experiences may vary. Visit www.lifestoryresearch.com.

Forward-Looking Statements

The statements in this press release regarding the Company’s expected future performance and condition constitute “forward-looking statements” 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’s actual operating results to differ materially. Such risks and uncertainties include, but are not limited to: the extent of market acceptance of the Company’s current and newly developed products, including fire-rated and PVC decking 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’s 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’s products; the availability and cost of third-party transportation services for the Company’s products and raw materials; the Company’s ability to obtain raw materials, including scrap polyethylene, wood fiber, and other materials used in making our products, at acceptable prices; increasing inflation, oil prices, and tariffs in the macro-economic environment; the Company’s ability to maintain product quality and product performance at an acceptable cost; the Company’s 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, including the ongoing conflict in the Middle East and its potential effect on consumer confidence; risks associated with the Company’s digital transformation initiatives and related costs; risks associated with the startup, construction, and operational transition of the Company’s Arkansas facility; and material adverse impacts related to labor shortages or increases in labor costs. Documents filed with the U.S. Securities and Exchange Commission by the Company, including in particular its latest annual report on Form 10-K and quarterly reports on Form 10-Q, discuss some of the important factors that could cause the Company’s actual results to differ materially from those expressed or implied in these forward-looking statements. The Company expressly disclaims any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

More News From Trex Company, Inc.

Trex Company, Inc. (TREX) Q1 2026 Earnings Call Transcript

On May 15, 2026, Kanen Wealth Management LLC disclosed in an SEC filing that it sold out of Trex Company (TREX +0.13%), unloading 250,000 shares in a trade estimated at $10.06 million based on the quarterly average price.

What happenedAccording to an SEC filing dated May 15, 2026, Kanen Wealth Management LLC sold its entire 250,000-share stake in Trex Company during the first quarter. The estimated transaction value is $10.06 million, based on average share prices within the quarter. The quarter-end position value decreased by $8.83 million, a figure that includes both the sale and movements in Trex Company’s stock price.

What else to knowThis was a complete sale; Trex Company now represents 0% of the fund’s 13F reportable assets

Top holdings after the filing:

NYSE:COMP: $46.85 million (16.8% of AUM)NASDAQ:ALLT: $30.99 million (11.1% of AUM)NYSE:BNED: $30.23 million (10.9% of AUM)NASDAQ:POWW: $23.50 million (8.5% of AUM)NASDAQ:INSE: $19.12 million (6.9% of AUM)As of May 15, 2026, shares were priced at $37.44, down 37.6% over the past year, underperforming the S&P 500 by 62.8 percentage points

Trex Company reported trailing twelve-month revenue of $1.17 billion and net income of $190.41 million

The fund reported 36 positions and $278.05 million in 13F assets as of March 31, 2026

Company overviewMetricValuePrice (as of market close May 15, 2026)$37.44Market capitalization$3.89 billionRevenue (TTM)$1.18 billionNet income (TTM)$191.38 millionCompany snapshotTrex Company manufactures and distributes composite decking, railing systems, fencing, and outdoor living accessories, with key product lines including Trex Transcend, Trex Select, and Trex Enhance.The company generates revenue primarily through the sale of branded outdoor building products to residential and commercial markets, leveraging a combination of direct sales, wholesale distributors, retail lumber dealers, and major home improvement retailers.Primary customers include homeowners, builders, contractors, and commercial clients seeking durable, low-maintenance outdoor solutions in the United States.Trex Company is a leading provider of composite decking and outdoor living products, serving both residential and commercial markets across the United States. The company leverages a multi-channel distribution strategy and strong brand recognition to maintain a competitive position in the construction materials industry. Its focus on innovation and licensing partnerships supports continued growth and product diversification.

What this transaction means for investorsKanen Wealth Management, a Florida-based investment advisory firm, recently disclosed the sale of approximately 250,000 shares of Trex stock, valued at approximately $10.1 million, during the first quarter (the three months ended March 31, 2026). Here are some key takeaways for investors.

To begin, Trex is a home improvement stock within the industrials sector. Trex stock tends to be highly sensitive to the health of the real estate market, since many of its products fall into the repair-and-remodel market for existing homes.

Consequently, Trex stock has suffered some ups and downs over the last few years. Overall, the stock has declined by 32% over the last three years, lagging the broader market.

However, in its most recent earnings report, the company surpassed expectations, reporting quarterly revenue of $343 million. In addition, adjusted earnings per share (EPS) were $0.59/share, topping most forecasts.

Finally, the stock is trading at a price-to-sales (P/S) ratio of 3.5x, well below its 10-year average of 6.7x. This could make the stock appealing to investors seeking some exposure to the sector.

On May 19, 2026, Trex Co Inc (TREX) shares fell 5.1% today, trading at $36.24. The stock has experienced significant volatility, with a 52-week range of $29.77

Trex Company, Inc. (TREX) Presents at 46th Annual William Blair Growth Stock Conference Transcript