Trex realigns distribution network; SBP sole national distributor; Q2 rev ~$418M above guidance, raises FY26 outlook

TREX CO INC

Q2 preliminary revenue ~$418M (above guidance $388-403M); adjusted EBITDA ~$112M; full year 2026 guidance raised.
SBP (Specialty Building Products) named sole national distributor of Trex products in North America, effective Jan 1, 2027.
Terminates distribution relationship with Boise Cascade effective Aug 12, 2026; no termination fees.
Expands regional distribution with WS Building Materials (Midwest/Mid-Atlantic), Coastal Forest Products (New England), and BlueLinx (South Central).
Dual-distribution model to be implemented in all markets (excl. Canada/California) by Jan 1, 2029; SBP subject to non-compete.

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