{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-135255","form_type":"8-K","ticker":"TREX","cik":"0001069878","company_name":"TREX CO INC","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.168035+00:00","generated_at":"2026-06-02T04:45:34.355352+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Trex Q1 net sales $374M (+57% YoY); EPS $0.82; reaffirms FY24 revenue $1.215-1.235B","bullets":["Gross margin expanded 580 bps to 45.4% on higher utilization and cost efficiencies.","EBITDA of $133M (35.6% margin) vs $69M (28.8%) in Q1 2023.","Q2 revenue guidance $380-390M; Early Buy program shifted ~$75M into Q1.","Sell-through mid-single digit total; double-digit for premium products.","Reaffirms FY24 EBITDA margin target of 30.0-30.5%."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-135255","json":"https://secwatch.observer/filing/0001193125-24-135255.json","markdown":"https://secwatch.observer/filing/0001193125-24-135255.md","text":"https://secwatch.observer/filing/0001193125-24-135255.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1069878/000119312524135255/0001193125-24-135255-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1069878/000119312524135255/d824907d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T04:45:34.355352+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":"56f8908bd47a257f77e67271927f0bcc1576f072","claim":"TREX CO INC reported first quarter of 2024 results: revenue $374 million, net income $89 million, EPS $0.82 per diluted share. Guidance reaffirmed.","evidence_excerpt":"First quarter 2024 net sales were $374 million, up 57% compared to $239 million reported in the prior-year quarter. The growth in net sales was driven, in part, by the shift of our Early Buy season from the fourth quarter of 2023 that added approximately $75 million in incremental first quarter 2024 sales, the channel recalibrating inventories to prepare for the seasonal demand and increased consumer demand. Total sell-through increased at a mid-single digit rate in the first quarter. Gross profit was $170 million and gross margin was 45.4%, up 80% and 580 basis points, respectively, compared to the $94 million and 39.6% reported in the same quarter last year. Gross margin benefitted from a combination of increased capacity utilization along with related production efficiencies, and continued implementation of our cost improvement initiatives. Selling, general and administrative expenses were $51 million, or 13.5% of net sales, compared to $37 million, or 15.7% of net sales, in the 202","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1069878/000119312524135255/0001193125-24-135255-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2024"},{"label":"Revenue","value":"$374 million"},{"label":"Net income","value":"$89 million"},{"label":"EPS","value":"$0.82 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"}