secwatch.observer — SEC 8-K summary
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Issuer:     TREX CO INC (TREX)
CIK:        0001069878
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001193125-24-135255
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069878/000119312524135255/0001193125-24-135255-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069878/000119312524135255/d824907d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-135255

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