---
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"
generated_at: "2026-06-02T04:45:34.355352+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Trex Q1 net sales $374M (+57% YoY); EPS $0.82; reaffirms FY24 revenue $1.215-1.235B

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-135255
- JSON: https://secwatch.observer/filing/0001193125-24-135255.json
- Plain text: https://secwatch.observer/filing/0001193125-24-135255.txt

## Key facts
- Earnings Releases
  TREX CO INC reported first quarter of 2024 results: revenue $374 million, net income $89 million, EPS $0.82 per diluted share. Guidance reaffirmed.
  - Period: first quarter of 2024
  - Revenue: $374 million
  - Net income: $89 million
  - EPS: $0.82 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1069878/000119312524135255/0001193125-24-135255-index.htm

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