secwatch.observer — SEC 8-K summary
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Issuer:     TREX CO INC (TREX)
CIK:        0001069878
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0001193125-24-046200
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trex Q4 sales $196M beat guidance; 2024 outlook 12% revenue growth, margin expansion
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- Q4 net sales $196M vs $192M YoY; diluted EPS $0.20 vs $0.09; gross margin 36.1% vs 34.1%.
- FY 2023 net sales $1.1B (flat YoY); net income $205M ($1.89 EPS) vs $185M ($1.65); gross margin 41.3% (up 480 bps).
- 2024 guidance: net sales $1.215-1.235B (12% growth at midpoint); EBITDA margin 30.0-30.5%; capex ~$220M for Arkansas campus.
- Q1 2024 sales expected $360-370M, including $60-80M from Early Buy program shift.
- Repurchased 264,896 shares ($15.6M) under new 10.8M-share buyback program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069878/000119312524046200/0001193125-24-046200-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069878/000119312524046200/d753256d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-046200

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer