U.S. COMPANY FILING
TREX CO INC — Form 10-K filed 2026-02-25
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Trex's 2025 net sales rose 2.0% to $1,174.3 million, but gross margin fell to 39.2% and net income dropped 20.1% to $190.4 million, with diluted EPS of $1.78. Decline driven by higher raw material costs, tariffs, product line changes, and Arkansas startup costs. Capital expenditures totaled $233.6 million, including $167.8 million for the Arkansas facility. 2026 capex guidance is $100-120 million. Customer concentration remains high, with three customers representing 73% of net sales.
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