Trex Co Inc 2024年度报告

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting Company, or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “or an emerging growth company” in Rule 12b-2 of the ExchangeAct. Accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financialreporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 762(b)) by the registered public accounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect thecorrection of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of theregistrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell Company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ The aggregate market value of the registrant’s common equity held by non-affiliates of the registrant at June 28, 2024, which was the last business day of the registrant’smost recently completed second fiscal quarter, was approximately $8.0billion based on the closing price of the common stock as reported on the New York Stock Exchange onsuch date and assuming, for purposes of this computation only, that the registrant’s directors, executive officers and beneficial owners of 10% or more of the registrant’s commonstock are affiliates. The number of shares of the registrant’s common stock outstanding on February 10, 2025 was107,159,866. DOCUMENTS INCORPORATED BY REFERENCE TABLE OFCONTENTS PART I Item 1.BusinessItem 1A.Risk FactorsItem 1B.Unresolved Staff CommentsItem 1C.CybersecurityItem 2.PropertiesItem 3.Legal ProceedingsItem 4.Mine Safety Disclosures PART II Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases ofEquity Securities22Item 6.Reserved23Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations24Item 7A.Quantitative and Qualitative Disclosures About Market Risk35Item 8.Financial Statements and Supplementary Data35Item 9.Changes in and Disagreements With Accountants on Accounting and Financial Disclosure35Item 9A.Controls and Procedures36Item 9B.Other Information39Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections39 PART III Item 10.Directors, Executive Officers and Corporate Governance40Item 11.Executive Compensation40Item 12.Security Ownership of Certain Beneficial Owners and Management and Related StockholderMatters40Item 13.Certain Relationships and Related Transactions, and Director Independence40Item 14.Principal Accounting Fees and Services40 PART IV Item 15.Exhibits and Financial Statement Schedules41Item 16.Form 10-K Summary41Index to Consolidated Financial StatementsF-1 Table of Contents NOTE ON FORWARD-LOOKING STATEMENTS This report, including the information it incorporates by reference, contains forward-looking statements withinthe meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.We intend our forward-looking statements to be covered by the safe harbor provisions for forward-lookingstatements in these sections. All statements regarding our expected financial position and operating results, ourbusiness strategy, our financing plans, forecasted demographic and economic trends relating to our industry andsimilar matters are forward-looking statements. These statements can sometimes be identified by our use of forward-looking words such as “believe,” “may