Trex Company Reports Solid First Quarter 2026 Results

About this update from Trex Company, Inc.

Launches Five Long-Term Strategic Priorities Well Positioned Heading Into Peak Deck-Building Season with Recent Home Center Stocking Wins Executes and Expands Significant Share Repurchase Program Reaffirms Full Year 2026 Guidance First Quarter Financial Highlights Net sales of $343 million Gross margin of 40.5% Net income of $61 million and diluted earnings per share of $0.58 Adjusted net income of $62 million and adjusted diluted earnings per share of $0.59 Adjusted EBITDA of $103 million WINCHESTER, Va., May 07, 2026--(BUSINESS WIRE)--Trex Company, Inc. [NYSE:TREX], the world’s largest manufacturer of wood-alternative composite decking and railing, and a leader in high-performance, low-maintenance outdoor living products, today announced financial results for the first quarter of 2026. Commenting on the quarter, Adam Zambanini, President and CEO, said, "We entered 2026 with strong momentum and a renewed sense of energy and excitement driving the entire organization forward. During the quarter, Trex delivered solid results driven primarily by positive performance in our premium decking portfolio and supported by recent shelf space wins in retail. The Company also delivered strong margins, reflecting product mix, operational efficiencies and cost discipline." "During the quarter, we began to take decisive actions aligned with our new long-term strategic priorities, positioning the Company to return to above-industry growth through unmatched innovation, enhanced execution, and renewed investment in our brand, marketing, and customer experience. Long-Term Strategic Priorities Trex recently launched five priorities to define a focused, durable path to long-term profitable growth and increased shareholder value: "As I noted last quarter, driving growth through innovation remains a key priority. Our recently launched PVC decking product is performing well, leading us to expand into geographies beyond our initial West Coast rollout. The fire-rated product category represents an attractive market opportunity, and we are committed to competing aggressively to capture share in this and other potential growth areas through unmatched product innovation. "Our refined incentive and marketing programs have been very well received by our channel partners further strengthening these valued relationships. We also are excited about the next phase o...

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