TREX CO INC SEC Filings

Trex Company is overhauling its North American distribution while posting preliminary second quarter 2026 results above prior expectations and raising its full-year outlook. The company entered a National Distribution Agreement with U.S. Lumber Group and affiliates, making them the authorized national distributor for Trex decking and related products in the U.S. and Canada, with the appointment becoming the sole and exclusive national distributor role effective January 1, 2027, subject to a dual-distribution model and limits on additional distributors by region. Trex also terminated its commercial distribution relationship with Boise Cascade effective August 12, 2026, with no termination fees.

In a concurrent update, Trex reported preliminary Q2 2026 net sales of approximately $418 million, above its guidance range of $388–$403 million, and preliminary Adjusted EBITDA of approximately $112 million. Based on strong demand and execution, Trex raised full-year 2026 guidance to net sales of $1.215–$1.250 billion and Adjusted EBITDA of $335–$350 million, with depreciation and amortization of about $85 million, SG&A at about 18% of net sales, interest expense of $8–$10 million, an effective tax rate of 25.5%–27.0%, and capital expenditures of $100–$120 million.

Trex Company director Andrew B. Rose received an equity award of 526 shares of Common Stock as a grant. The award was valued at $48.69 per share on the grant date and is structured as a restricted stock unit award that will vest on the first anniversary of the grant. Following this compensation-related acquisition, Rose directly holds 15,409 shares of Trex common stock.

Keffer David Christian reported acquisition or exercise transactions in this Form 4 filing.

Trex Company director David Christian Keffer reported a grant of 131 shares of Common Stock as a restricted stock unit award. The award was granted at a reference price of $48.69 per share and will vest on the first anniversary of the grant date. Following this compensation-related award, Keffer directly holds 3,555 Trex shares.

Trex Company senior vice president and chief human resources officer Jacob T. Rudolph sold shares of company stock under a pre-set trading plan. On June 25, 2026, he completed an open-market sale of 1,400 shares of Trex common stock at $50.00 per share.

The transaction was executed pursuant to a Rule 10b5-1 trading plan he adopted on March 5, 2026, which provides for automatic sales according to pre-established instructions. After this sale, Rudolph directly holds 36,631 shares of Trex common stock.

Wellington Management Group LLP filed an amended Schedule 13G/A reporting beneficial ownership of Trex Company, Inc. common stock. The amendment shows 8.05% of the class and lists beneficial ownership of 8,358,786 shares with shared voting power of 6,768,126 shares and shared dispositive power of 8,358,778 shares. The filing names related Wellington entities and states the shares are owned of record by clients of Wellington investment advisers.

Trex Company, Inc. reported a solid start to 2026 and furnished a transcript of its first-quarter earnings call. Net sales were $343 million, up 1% year over year, with gross margin of 40.5% helped by premium decking mix and operational efficiencies. Adjusted EBITDA reached $103 million, up 2%, while free cash flow was negative $143 million as the company built inventory ahead of peak season and finished its Arkansas facility.

Management maintained full-year guidance for net sales of $1.185 billion–$1.23 billion, adjusted gross margin of about 37.5% and adjusted EBITDA of $315 million–$340 million. Trex highlighted a five‑pillar growth strategy, including brand investment, high‑performance product innovation and lowering railing costs. The company executed a $100 million accelerated share repurchase as part of a $150 million buyback and its Board authorized an additional 10 million shares under the repurchase program.

Trex Company, Inc. reported solid first-quarter 2026 results with modest growth and active capital deployment. Net sales were $343.4 million, up 1% from a year ago, and net income rose to $61.4 million, or $0.58 diluted EPS, compared with $60.4 million, or $0.56. Gross margin held steady at 40.5%, while EBITDA increased 6.2% to $101.9 million.

Operating cash flow was a use of $118.4 million, mainly from higher accounts receivable tied to channel dynamics, while capital spending of $25.0 million focused on the Arkansas manufacturing facility, cost reductions, and systems. Trex entered a new $700 million revolving credit agreement and had $382.5 million outstanding, with $314.4 million of remaining availability.

The company continued returning capital through its 2023 stock repurchase program, prepaying $100 million under an accelerated share repurchase and receiving 1.9 million shares in the quarter. Shares outstanding decreased to 103.9 million at March 31, 2026, while Trex maintained compliance with all debt covenants.

Trex Company reported first quarter 2026 net sales of $343.4 million, up 1% from the prior year, with gross margin steady at 40.5%. Net income was $61.4 million, or $0.58 per diluted share, and adjusted EBITDA was $103.1 million.

Free cash flow was negative $143.4 million but improved 39% year over year as capital spending on the Little Rock facility declined. Trex reaffirmed full-year 2026 guidance, with revenue expected between $1.185 billion and $1.23 billion and adjusted EBITDA between $315 million and $340 million, and guided Q2 2026 revenue to $388–$403 million.

The company executed and expanded share repurchases, authorizing a $100 million accelerated share repurchase and $50 million of additional discretionary buybacks it plans to complete in Q2, and its board added 10 million shares to the existing repurchase authorization, bringing potential repurchases to roughly 13% of outstanding shares.