Trex Q1 2025 net sales fell to $340 million; net income dropped to $60 million
Trex reported first-quarter 2025 net sales of $340 million, down from $374 million a year earlier, and net income of $60 million, or $0.56 per diluted share, versus $89 million, or $0.82, in the 2024 quarter. The company said sales exceeded its own expectations and reaffirmed its full-year 2025 guidance of 5%-7% revenue growth, but lower profit and a gross margin of 40.5% versus 45.4% a year earlier mean shareholders saw weaker earnings even as the outlook held.
Key points
- Net sales of $340 million vs. $374 million a year earlier, which included $40 million in extra channel inventory
- Gross margin of 40.5% vs. 45.4%, which the company attributed to railing conversion costs, lower production and Enhance decking refinements
- Second-quarter revenue guidance of $370 million to $380 million; full-year 2025 guidance reaffirmed at 5%-7% revenue growth
- Adjusted diluted EPS of $0.60 and adjusted EBITDA of $101 million for the quarter
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 08, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.