Quarterly ResultMay 13, 2026, 04:19 PM
Trex Q1 Net Sales $343M, +1%; Adjusted EBITDA $103M, +2%
AI Summary
Trex Company reported Q1 2026 net sales of $343 million, a 1% increase year-over-year, with adjusted EBITDA growing 2% to $103 million. Gross margin reached 40.5%, exceeding expectations. The company maintained its full-year guidance for net sales and adjusted EBITDA, while also announcing a 10 million share increase to its repurchase program and completing a $100 million accelerated share repurchase. New CEO Adam Zambanini outlined five strategic priorities focused on growth, innovation, and operational excellence.
Key Highlights
- Q1 2026 net sales increased 1% to $343 million.
- Adjusted EBITDA grew 2% to $103 million.
- Gross margin was 40.5%, 100 basis points above expectations.
- Free cash flow was negative $143 million, a 40% improvement year-over-year.
- Board authorized a 10 million share increase to the repurchase program.
- Completed a $100 million accelerated share repurchase.
- Maintained full-year net sales guidance of $1.185 billion-$1.23 billion.
- Projected 2026 CapEx of $100 million-$120 million, down from $224 million in 2025.
Price Impact
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