---
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"
generated_at: "2026-06-09T05:34:48.826460+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Trex Q3 net sales $304M, gross margin 43.1%; raises FY 2023 revenue and EBITDA margin guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001574
- JSON: https://secwatch.observer/filing/0001157523-23-001574.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001574.txt

## Key facts
- Earnings Releases
  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.
  - Period: the three months ended September 30, 2023
  - Revenue: $304 million
  - Net income: $65 million
  - EPS: $0.60 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1069878/000115752323001574/0001157523-23-001574-index.htm
- Earnings Releases
  TREX CO INC updated its full year 2023 guidance (raised).
  - Period: full year 2023
  - Guidance: raised
  - Result: guidance update
  source text: Raising Full Year 2023 Revenue and Adjusted EBITDA Guidance
  evidence_url: https://www.sec.gov/Archives/edgar/data/1069878/000115752323001574/0001157523-23-001574-index.htm
- Earnings Releases
  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.
  - Period: the nine months ended September 30, 2023
  - Revenue: $899 million
  - Net income: $183 million
  - EPS: $1.69 per diluted share
  - Result: reported results
  source text: Year-to-date consolidated net sales were $899 million compared to $914 million in the year-ago period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1069878/000115752323001574/0001157523-23-001574-index.htm

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