{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-23-001574","form_type":"8-K","ticker":"TREX","cik":"0001069878","company_name":"TREX CO INC","filed_at":"2023-10-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.116417+00:00","generated_at":"2026-06-09T05:34:48.826460+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Trex Q3 net sales $304M, gross margin 43.1%; raises FY 2023 revenue and EBITDA margin guidance","bullets":["Q3 net sales $304M vs $188M a year ago; non-recurrence of channel destocking drove volume growth.","Gross margin 43.1% (41.8% ex $3.8M warranty benefit) vs 24.5% last year; cost-out and plant performance helped.","Adjusted EBITDA $96M (31.5% margin) vs $31M (16.4%) in Q3 2022; net income $65M ($0.60 EPS).","Raises FY 2023 revenue guidance to ~$1.09B (midpoint) from $1.04-1.06B; adjusted EBITDA margin now 29-29.5%.","Q4 2023 revenue expected $185-195M; year-end channel inventories seen below year-end 2022 levels."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-23-001574","json":"https://secwatch.observer/filing/0001157523-23-001574.json","markdown":"https://secwatch.observer/filing/0001157523-23-001574.md","text":"https://secwatch.observer/filing/0001157523-23-001574.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1069878/000115752323001574/0001157523-23-001574-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1069878/000115752323001574/a53705437.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T05:34:48.826460+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":"8f40808383fb7ac48eae7a23f10c2c7799cd0592","claim":"TREX CO INC reported the three months ended September 30, 2023 results: revenue $304 million, net income $65 million, EPS $0.60 per diluted share. Guidance reaffirmed.","evidence_excerpt":"and eco-friendly decking and railing and a leader in outdoor living products, today reported third quarter 2023 results. Third Quarter 2023 Highlights Net sales of $304 million Gross margin of 43.1%; 41.8% excluding $3.8 million warranty reserve benefit Net income of $65 million and diluted earnings per share of $0.60 Adjusted EPS of $0.57 excluding the","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1069878/000115752323001574/0001157523-23-001574-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended September 30, 2023"},{"label":"Revenue","value":"$304 million"},{"label":"Net income","value":"$65 million"},{"label":"EPS","value":"$0.60 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c55318ef5371b85dc426af0d80aaee0fb476822b","claim":"TREX CO INC updated its full year 2023 guidance (raised).","evidence_excerpt":"Raising Full Year 2023 Revenue and Adjusted EBITDA Guidance","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1069878/000115752323001574/0001157523-23-001574-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"e16dd48da695204fa9c3edda23c1d579c1cdb22c","claim":"TREX CO INC reported the nine months ended September 30, 2023 results: revenue $899 million, net income $183 million, EPS $1.69 per diluted share.","evidence_excerpt":"Year-to-date consolidated net sales were $899 million compared to $914 million in the year-ago period.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1069878/000115752323001574/0001157523-23-001574-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the nine months ended September 30, 2023"},{"label":"Revenue","value":"$899 million"},{"label":"Net income","value":"$183 million"},{"label":"EPS","value":"$1.69 per diluted share"},{"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"}