TREX 8-K SEC Filing Analysis

Final — all horizons settled through T+60d ⚠ clustered

TREX ▼ -8.27% at T+60d

NEUTRAL call ✗ call lost -8.27% · α vs SPY -15.22% · entry $41.70 → $38.25

Currently $44.41 · +6.50% from $41.70 entry

Entry anchored
Feb 24, 03:59 PM ET
via Databento tick

T+1d

+0.38%

call +0.38% · α +0.93%

$41.86

settled 4mo ago

T+5d

-3.57%

call -3.57% · α -2.47%

$40.21

settled 3mo ago

T+20d

-10.55%

call -10.55% · α -5.32%

$37.30

settled 3mo ago

T+60d

-8.27%

call -8.27% · α -15.22%

$38.25

settled 21d ago

Price Chart

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Executive Summary

Trex Company reported full-year 2025 revenue of $1.2 billion (up 2.0% YoY) but lower earnings due to one-time charges, including $6.4 million for warranty reserve increases and $2.7 million for start-up costs. Despite declining GAAP net income to $190M (from $238M), adjusted EBITDA was $336M. The company guided 2026 revenue between $1.185B-$1.230B and repurchased $50M of stock in Q4 while authorizing a $150M buyback for 1H 2026.

Key Financial Metrics

Revenue

$1.2B

+2.0% YoY

Adj. EPS

$1.88

GAAP: $1.78

Guidance

$1.185B-$1.230B

maintained

Gross Margin

39.2%

Actionable Insight

Monitor whether 2026 guidance is achieved, particularly adjusted EBITDA improvement from $336M to $315M-$340M range, and watch for execution of the $150M share buyback program in first half of 2026.

Key Facts

Full-year 2025 revenue was $1.2 billion, up 2.0% from 2024
GAAP net income declined to $190 million (from $238 million in 2024) due to one-time charges
Adjusted EBITDA was $336 million for full-year 2025
2026 guidance: revenue $1.185B-$1.230B and adjusted EBITDA $315M-$340M
Repurchased $50 million of common stock in Q4 2025 and authorized $150 million buyback for 1H 2026
One-time charges included $6.4 million increase in warranty reserve and $2.7 million in start-up costs

Financial Impact

Revenue increased 2.0% to $1.2B, but net income decreased from $238M to $190M due to one-time charges

revenueepsnet incomeebitdadilution

Segment Breakdown

Segment
new products
railing

Risk Factors

One-time charges ($6.4M warranty reserve, $2.7M start-up costs) reduced profitability
2026 adjusted EBITDA guidance range ($315M-$340M) is below 2025's $336M at midpoint
Gross margin declined to 39.2% from 43.6% in 2024

Market Snapshot

Exchange

NYSE

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001193125-26-066985
Document: trex-20260224.htm	0001193125-26-066985
Document: 0001193125-26-066985-index-headers.html	0001193125-26-066985
Document: 0001193125-26-066985-index.html	0001193125-26-066985
Document: 0001193125-26-066985.txt	0001193125-26-066985

5 reports for TREX

T+1T+5T+20T+60

Filters

Reports for TREX — sortable, filterable
	Type				Now
May 4, 2026 5w ago	8-K NEUTRAL ★ 3/10	$36.64 $41.56	▲ +13.43%	▲ +7.78%	$44.41 (+21.21%)
Mar 19, 2026 11w ago	Press Release NEUTRAL ★ 2/10	$36.78 $42.77	▲ +16.29%	▲ +8.66%	$44.41 (+20.74%)
Mar 16, 2026 12w ago	DEFA14A NEUTRAL ★ 2/10	$37.93 $41.29	▲ +8.86%	▲ +5.08%	$44.41 (+17.08%)
Feb 24, 2026 15w ago	8-K NEUTRAL ★ 4/10	$41.70 $37.30	▼ −10.55%	▼ −5.32%	$44.41 (+6.50%)
Feb 24, 2026 15w ago	8-K MIXED ★ 6/10	$41.70 $37.30	▼ −10.55%	▼ −5.32%	$44.41 (+6.50%)

US Market Status

Market Closed — Opens Thu (10h 57m)

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