Trex Q1 2026 net sales rise 1% to $343 million; full-year guidance reaffirmed
Trex reported first-quarter 2026 net sales of $343 million, up 1% from $340 million, with GAAP net income of $61 million and diluted EPS of $0.58, compared with $0.56 a year earlier. The company reaffirmed its full-year 2026 guidance and disclosed a $150 million share repurchase program plus a 10 million share increase to its existing buyback authorization, which would bring total potential repurchases to about 13% of shares outstanding at quarter-end.
Key points
- Net sales $343 million vs. $340 million; gross margin 40.5%, flat year over year
- GAAP net income $61 million, or $0.58 per diluted share, vs. $0.56; adjusted diluted EPS $0.59 vs. $0.60
- Full-year 2026 guidance reaffirmed: net sales $1.185 billion to $1.230 billion; adjusted EBITDA $315 million to $340 million
- Free cash flow was negative $143 million, a 39% improvement from last year; 2026 capital expenditures guided to $100 million to $120 million
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 May 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.