Quarterly ResultMay 7, 2026, 04:22 PM
Trex Q1 Net Sales +1.0% to $343.4M; Authorizes 10M Share Buyback
AI Summary
Trex Company reported a modest increase in its first quarter 2026 financial results, with net sales rising 1.0% to $343.4 million and net income increasing 1.6% to $61.4 million, resulting in diluted EPS of $0.58. The company also announced a new credit agreement, expanding its revolving loan limit to $700 million, and its Board authorized an additional 10 million shares for repurchase under the existing stock repurchase program.
Key Highlights
- Board authorized an additional 10 million shares for repurchase under the 2023 Stock Repurchase Program.
- Q1 2026 net sales increased 1.0% to $343.4 million from $339.9 million in Q1 2025.
- Q1 2026 net income rose 1.6% to $61.4 million compared to $60.4 million in Q1 2025.
- Diluted EPS for Q1 2026 was $0.58, up from $0.56 in the prior year period.
- New credit agreement increases revolving loan limit to $700 million, maturing March 26, 2031.
- Borrowings outstanding under the revolving credit facility totaled $382.5 million as of March 31, 2026.
- Net cash used in operating activities was $(118.4) million for Q1 2026.