Quarterly ResultMay 7, 2026, 06:32 AM
Trex Company Q1 Net Sales $343M, EPS $0.58; Reaffirms FY26 Guidance
AI Summary
Trex Company reported solid first quarter 2026 financial results, with net sales increasing 1% to $343 million and diluted earnings per share rising to $0.58. The company launched five long-term strategic priorities aimed at driving profitable growth and enhancing shareholder value. Trex reaffirmed its full-year 2026 guidance and significantly expanded its share repurchase program, authorizing an additional 10 million shares for buyback.
Key Highlights
- Net sales were $343 million, a 1% increase from $340 million in prior year.
- Net income was $61 million, or $0.58 per diluted share, compared to $60 million, or $0.56 per diluted share YoY.
- Adjusted EBITDA was $103 million, compared favorably to $101 million in the prior year.
- Free cash flow was $(143) million, a 39% improvement from last year.
- Company authorized a $100 million ASR program and $50 million of additional discretionary repurchases.
- Board authorized a 10 million share increase to the existing share repurchase program.
- Reaffirmed full-year 2026 net sales guidance of $1.185 billion to $1.23 billion.
- Reaffirmed full-year 2026 adjusted EBITDA guidance of $315 million to $340 million.