Jun 2026 (Q2 FY26) — Aug 4, 2026
Trex Company Q2 FY26 — Strong Demand and Raised Full-Year Guidance
Read the full callTrex Company (TREX) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Trex Company earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 418 | +7.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 20.6 | −5.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 61.9 | −18.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
17 of 19 judged targets kept · 25 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Arkansas decking-line production startup | first half of 2027 | Sep 2024 | I want to discuss our decision to accelerate the ramp-up of the Little Rock facility by over 6 months. | Achieved |
| Full-year adjusted EBITDA (dollars) | $315 million to $340 million | Dec 2025 | as you look to your full year EBITDA guidance of $335 million to $350 million | Revised Up |
| Full-year depreciation and amortization | approximately $85 million | Dec 2025 | This accelerated rollout is not expected to have a material impact on our expected depreciation as we already began depreciating our lines when we made them production ready. | On Track |
2 of TREX CO INC's 44 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 41 more targets are in the full ledger.
Claimed
- Net sales well above expectations, growing 8% to $418 million, driven by broad-based demand across products and channels.
- Strong free cash flow generation of $182 million, used to reduce debt and repurchase shares.
- Full-year adjusted gross margin guidance raised to approximately 38% from 37.5%.
- Acceleration of Little Rock facility ramp-up by over 6 months, with 50% capacity by year-end, expected to be margin accretive in 2027.
- Railing sales returned to double-digit growth, and Trex Enhance basic sales saw a meaningful increase.
Qualified
- Gross margin of 37.9% was down from prior levels, impacted by product mix (strong railing/entry-level decking) and short-term manufacturing inefficiencies (over 100 bps impact).
- Noncash write-down of $5 million for obsolete equipment, negatively impacting adjusted diluted EPS by $0.03.
- Implied Q4 revenue guide suggests flat to down year-over-year, reflecting conservatism due to geopolitical uncertainties.
Price
$46.21 +4.15% · +$1.84
Performance −13.0% 1Y
1Y: $53.14 on 14 Oct 2025 → $46.21. High $53.14 (14 Oct 2025), low $30.13 (20 Nov 2025).
- Previous close
- $44.37
- 52-week range
- $30.13 – $53.14
- One year
- −11.88%
Overview
- Symbol
- TREX
- Sector
- Materials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
17 of 19 judged targets kept · 25 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Arkansas decking-line production startup | first half of 2027 | Sep 2024 | I want to discuss our decision to accelerate the ramp-up of the Little Rock facility by over 6 months. | Achieved |
| Full-year adjusted EBITDA (dollars) | $315 million to $340 million | Dec 2025 | as you look to your full year EBITDA guidance of $335 million to $350 million | Revised Up |
| Full-year depreciation and amortization | approximately $85 million | Dec 2025 | This accelerated rollout is not expected to have a material impact on our expected depreciation as we already began depreciating our lines when we made them production ready. | On Track |
Claimed
- Net sales well above expectations, growing 8% to $418 million, driven by broad-based demand across products and channels.
- Strong free cash flow generation of $182 million, used to reduce debt and repurchase shares.
- Full-year adjusted gross margin guidance raised to approximately 38% from 37.5%.
- Acceleration of Little Rock facility ramp-up by over 6 months, with 50% capacity by year-end, expected to be margin accretive in 2027.
- Railing sales returned to double-digit growth, and Trex Enhance basic sales saw a meaningful increase.
Qualified
- Gross margin of 37.9% was down from prior levels, impacted by product mix (strong railing/entry-level decking) and short-term manufacturing inefficiencies (over 100 bps impact).
- Noncash write-down of $5 million for obsolete equipment, negatively impacting adjusted diluted EPS by $0.03.
- Implied Q4 revenue guide suggests flat to down year-over-year, reflecting conservatism due to geopolitical uncertainties.
The full ledger
Open TREX CO INC’s full ledger
A free account opens 5 company ledgers a month. All 44 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 7, 2026
Trex Company, Inc. Q1 FY26 — Strong Start with Strategic Investments and Margin Expansion Initiatives
Read the full callDec 2025 (Q4 FY25) — Feb 24, 2026
Trex Q4 FY25 — Strong Railing Growth and Strategic Investments Drive Outlook
Read the full callEvery analysed call
Trex Company earnings calls (TREX)
Financials
What the filings say
Net profit, year on year: −18% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 234 | 168 | 340 | 388 | 285 | 161 | 343 | 418 |
| Operating profit | 54 | 32 | 82 | 102 | 70 | 4 | 84 | 86 |
| Operating margin | 23.2% | 18.9% | 24.0% | 26.4% | 24.7% | 2.2% | 24.3% | 20.6% |
| Profit before tax | 54 | 32 | 82 | 102 | 70 | 4 | 84 | 84 |
| Tax rate | 25.3% | 31.1% | 25.9% | 25.9% | 26.5% | 34.3% | 26.5% | 26.2% |
| Net profit | 41 | 22 | 60 | 76 | 52 | 2 | 61 | 62 |
| EPS ($ per share) | 0.37 | 0.20 | 0.56 | 0.71 | 0.48 | — | 0.58 | 0.60 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 417 | 562 | 737 | 946 | 1,131 | 1,336 | 1,599 | 1,790 |
| Total liabilities | 122 | 143 | 182 | 195 | 415 | 216 | 487 | 419 |
| Fixed assets | 117 | 171 | 337 | 460 | 590 | 709 | 923 | 1,050 |
| Total assets | 465 | 592 | 770 | 920 | 934 | 933 | 1,374 | 1,453 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 138 | 156 | 187 | 258 | 216 | 389 | 144 | 358 |
| Cash from investing | -34 | -67 | -171 | -158 | -169 | -166 | -237 | -233 |
| Cash from financing | -29 | -46 | -44 | -81 | -176 | -234 | 92 | -122 |
| Net cash flow | 75 | 43 | -27 | 19 | -129 | -10 | -1 | 3 |
| Capital expenditure | -34 | -67 | -173 | -159 | -176 | -166 | -232 | -224 |
| Free cash flow | 104 | 89 | 14 | 99 | 40 | 223 | -88 | 135 |
Insider filings
49 filings between Nov 6, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
$982.4K
4 purchases by 2 insiders
Sales
$122.6K
2 sales by 2 insiders
50% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 35
- Award — granted as compensation
- 4
- Tax withheld — shares kept back by the company to cover tax
Also filed: 4 other filings.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| ROSE B ANDREW | $503.6K | — | Mar 3, 2026 |
| Gandhi Prithvi | $478.8K | — | Nov 14, 2025 |
| Rudolph Jacob T. | — | $70.0K | Jun 25, 2026 |
| Fernandez Amy M. | — | $52.6K | Aug 7, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Keffer David Christian Director | Award | 147 | $6.4K |
| Oct 1, 2026 | ROSE B ANDREW Director | Award | 589 | $25.6K |
| Aug 24, 2026 | Taylor Brian J. SVP, Chief Commercial Officer | Award | 9,520 | $450.0K |
| Aug 7, 2026 | Fernandez Amy M. SVP, CLO and Secretary | Sale | 1,050 | $52.6K |
| Jul 29, 2026 | ROBINSON PATRICIA B Director | Award | 2,831 | $120.0K |
| Jul 29, 2026 | Cline James E Director | Award | 2,831 | $120.0K |
| Jul 29, 2026 | Tasi Irene Director | Award | 1,101 | $46.7K |
| Jul 29, 2026 | Lovett Gena C Director | Award | 2,831 | $120.0K |
| Jul 29, 2026 | Keffer David Christian Director | Award | 2,831 | $120.0K |
| Jul 29, 2026 | GRATZ JAY M Director | Award | 2,831 | $120.0K |
| Jul 29, 2026 | ROSE B ANDREW Director | Award | 1,629 | $69.1K |
| Jul 29, 2026 | Volas Gerald Director | Award | 2,831 | $120.0K |
| Jul 29, 2026 | JUSTER KRISTINE L Director | Award | 2,831 | $120.0K |
| Jul 1, 2026 | ROSE B ANDREW Director | Award | 526 | $25.6K |
| Jul 1, 2026 | Keffer David Christian Director | Award | 131 | $6.4K |
| Jun 25, 2026 | Rudolph Jacob T. SVP, CHRO | Sale 10b5-1 plan | 1,400 | $70.0K |
| Apr 1, 2026 | Keffer David Christian Director | Award | 175 | $6.4K |
| Apr 1, 2026 | ROSE B ANDREW Director | Award | 700 | $25.6K |
| Mar 3, 2026 | ROSE B ANDREW Director | Purchase | 11,022 | $449.0K |
| Mar 3, 2026 | ROSE B ANDREW Director | Purchase | 986 | $39.6K |
| Mar 2, 2026 | ROSE B ANDREW Director | Purchase | 372 | $15.0K |
| Mar 1, 2026 | Fernandez Amy M. SVP, CLO and Secretary | Award | 1,910 | $79.1K |
| Mar 1, 2026 | Fernandez Amy M. SVP, CLO and Secretary | Other | 1,083 | $44.9K |
| Mar 1, 2026 | FAIRBANKS BRYAN HORIX President and CEO | Other | 5,678 | $235.2K |
| Mar 1, 2026 | Rudolph Jacob T. SVP, CHRO | Tax withheld | 2,850 | $118.0K |
| Mar 1, 2026 | Rudolph Jacob T. SVP, CHRO | Award | 1,250 | $51.8K |
| Mar 1, 2026 | Rudolph Jacob T. SVP, CHRO | Other | 663 | $27.5K |
| Mar 1, 2026 | FAIRBANKS BRYAN HORIX President and CEO | Tax withheld | 23,127 | $957.9K |
| Mar 1, 2026 | FAIRBANKS BRYAN HORIX President and CEO | Award | 9,609 | $398.0K |
| Mar 1, 2026 | Fernandez Amy M. SVP, CLO and Secretary | Tax withheld | 4,496 | $186.2K |
| Mar 1, 2026 | Zambanini Adam Dante EVP, Chief Operating Officer | Tax withheld | 8,271 | $342.6K |
| Mar 1, 2026 | Zambanini Adam Dante EVP, Chief Operating Officer | Other | 1,928 | $79.9K |
| Mar 1, 2026 | Zambanini Adam Dante EVP, Chief Operating Officer | Award | 3,623 | $150.1K |
| Feb 24, 2026 | Rudolph Jacob T. SVP, CHRO | Award | 6,321 | $262.0K |
| Feb 24, 2026 | Zambanini Adam Dante EVP, Chief Operating Officer | Award | 18,914 | $784.0K |
| Feb 24, 2026 | Rudolph Jacob T. SVP, CHRO | Award | 6,321 | $262.0K |
| Feb 24, 2026 | Fernandez Amy M. SVP, CLO and Secretary | Award | 10,181 | $422.0K |
| Feb 24, 2026 | Fernandez Amy M. SVP, CLO and Secretary | Award | 10,181 | $422.0K |
| Feb 24, 2026 | Gandhi Prithvi SVP, Chief Financial Officer | Award | 18,094 | $750.0K |
| Feb 24, 2026 | Gandhi Prithvi SVP, Chief Financial Officer | Award | 13,848 | $574.0K |
| Feb 24, 2026 | Gandhi Prithvi SVP, Chief Financial Officer | Award | 13,848 | $574.0K |
| Feb 24, 2026 | Zambanini Adam Dante EVP, Chief Operating Officer | Award | 18,914 | $784.0K |
| Feb 9, 2026 | Tasi Irene Director | Award | 1,256 | $55.0K |
| Jan 2, 2026 | Keffer David Christian Director | Award | 178 | $6.4K |
| Jan 2, 2026 | ROSE B ANDREW Director | Award | 225 | $8.1K |
| Dec 3, 2025 | ROSE B ANDREW Director | Award | 1,578 | $55.0K |
| Nov 14, 2025 | Gandhi Prithvi SVP, Chief Financial Officer | Purchase | 15,000 | $478.8K |
| Nov 6, 2025 | Fernandez Amy M. SVP, CLO and Secretary | Award | 29,198 | $932.0K |
| Nov 6, 2025 | Gandhi Prithvi SVP, Chief Financial Officer | Award | 15,664 | $500.0K |
| Oct 10, 2025 | Rudolph Jacob T. SVP, CHRO | Purchase | 59 | $2.6K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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