{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-23-000766","form_type":"8-K","ticker":"TREX","cik":"0001069878","company_name":"TREX CO INC","filed_at":"2023-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.849661+00:00","generated_at":"2026-06-15T12:04:47.073203+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Trex Q1 net sales $239M, EPS $0.38; board authorizes new share repurchase of up to 10.8M shares","bullets":["Net sales $239M vs $339M YoY; net income $41M ($0.38 diluted EPS) vs $71M ($0.62) prior year.","EBITDA $69M with 28.8% margin; gross margin 39.6% vs 39.8% consolidated and 40.9% residential last year.","Board approved new share repurchase program of up to 10.8M shares (approx. 10% of outstanding), no expiration date.","Q2 2023 revenue guidance $310M-$320M; reaffirm FY 2023 EBITDA margin 26%-27%; capex $130M-$140M.","Residential volume decline attributed to cautious channel purchases amid softening economy; Commercial segment divested Dec 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-23-000766","json":"https://secwatch.observer/filing/0001157523-23-000766.json","markdown":"https://secwatch.observer/filing/0001157523-23-000766.md","text":"https://secwatch.observer/filing/0001157523-23-000766.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1069878/000115752323000766/0001157523-23-000766-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1069878/000115752323000766/a53395519.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T12:04:47.073203+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4d281b182d2370d196a4a065cb883c70a4375c94","claim":"TREX CO INC reported first quarter 2023 results: revenue $239 million, net income $41 million, EPS $0.38 per diluted share. Guidance reaffirmed.","evidence_excerpt":"low-maintenance and eco-friendly composite decking, railing and outdoor living products, today reported first quarter 2023 results. First Quarter 2023 Highlights Net sales of $239 million First quarter gross margin of 39.6% Net income of $41 million and diluted earnings per share of $0.38 EBITDA of $69 million and EBITDA margin of 28.8% CEO Comments “Our","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1069878/000115752323000766/0001157523-23-000766-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2023"},{"label":"Revenue","value":"$239 million"},{"label":"Net income","value":"$41 million"},{"label":"EPS","value":"$0.38 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}