TREX CO INC

Trex is significantly expanding its presence in sports and entertainment through new sponsorships. The company will serve as the official composite decking sponsor for the American Century Championship, a premier celebrity golf tournament, featuring on-course branding and a dedicated product showcase. Additionally, Trex is sponsoring Golf Channel’s Big Break x Good Good Presented by Golf Galaxy, integrating its brand into the golf reality competition show. These initiatives, along with a collaboration with Martha Stewart, aim to connect Trex with homeowners and reinforce its brand in outdoor living spaces.

Trex Company announced findings from a new national survey by Atomik Research, revealing that 78% of homeowners with wood decks regret their material choice due to ongoing maintenance, durability, and appearance issues. The survey highlights a significant shift in homeowner priorities towards high-performance, low-upkeep materials. Composite deck owners reported higher satisfaction, with 17% experiencing no issues compared to just 4% of wood deck owners, and 70% stating their decks maintained appearance over time. The findings underscore a clear market preference for composite decking, with 39% of wood deck owners indicating they would choose composite for a new deck.

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.

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.

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.

Trex Company, Inc. has appointed Zachary C. Lauer as Senior Vice President, Chief Operations Officer, effective immediately. Mr. Lauer, who joined Trex in 2016 and most recently served as Senior Vice President, Supply Chain and Manufacturing, will be responsible for overseeing all aspects of the company's manufacturing, supply chain, engineering, and R&D functions. His compensation package includes an annual base salary of $493,000, a target annual cash incentive of 60% of his base salary, and a target long-term equity incentive of 135% of his base salary.

Trex Company is highlighting its significant environmental impact in celebration of Earth Day and Arbor Day. Since its founding, the company has diverted over 5.5 billion pounds of waste polyethylene plastic film from landfills and waterways. Trex manufactures its high-performance deck boards using 95% recycled and reclaimed materials, giving new life to more than 1 billion pounds of plastic and wood scrap each year. Its NexTrex program, with over 10,000 partners, contributes to recycling over 370 million pounds of PE plastic annually.