Trex Cuts 2025 Sales and Margin Outlook as Q3 Sales Rise 22%, Adds $50M Buyback
Trex reported third-quarter 2025 net sales of $285 million, up 22.1% from a year earlier, and net income of $52 million, or $0.48 per diluted share, versus $0.37 a year earlier. The company lowered its full-year 2025 sales outlook to $1.15 billion to $1.16 billion, about flat with 2024, and revised its adjusted EBITDA margin guidance to 28.0% to 28.5%, citing weaker repair and remodel demand and lower channel inventories. The board also authorized a $50 million share repurchase program.
Key points
- Q3 2025 net sales $285 million, up 22.1%; adjusted diluted EPS $0.51 versus $0.37 in Q3 2024
- Q4 2025 sales expected to range from $140 million to $150 million
- Year-to-date net income $188 million, or $1.75 per diluted share, versus $217 million, or $1.99, in the first nine months of 2024
- 2026 gross margin expected to fall by about 250 basis points; the board authorized a $50 million share repurchase program
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing 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 November 04, 2025.
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