---
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"
generated_at: "2026-06-15T12:04:47.073203+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Trex Q1 net sales $239M, EPS $0.38; board authorizes new share repurchase of up to 10.8M shares

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000766
- JSON: https://secwatch.observer/filing/0001157523-23-000766.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000766.txt

## Key facts
- Earnings Releases
  TREX CO INC reported first quarter 2023 results: revenue $239 million, net income $41 million, EPS $0.38 per diluted share. Guidance reaffirmed.
  - Period: first quarter 2023
  - Revenue: $239 million
  - Net income: $41 million
  - EPS: $0.38 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1069878/000115752323000766/0001157523-23-000766-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.