Trex公司2025年季度报告

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T 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 smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act☐ Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act):YesNo☒ The number of shares of the registrant’s common stock, par value $0.01 per share, outstanding at April 24, 2025 was107,227,048shares. TREX COMPANY, INC. INDEX PART I FINANCIAL INFORMATION 2 Item 1.Condensed Consolidated Financial Statements2 Condensed Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024(unaudited) Condensed Consolidated Statements of Changes in Stockholders’ Equity for the Three MonthsEnded March 31, 2025 and March 31, 2024 (unaudited)4 Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31,2025 and March 31, 2024 (unaudited) PART II OTHER INFORMATION Item 1.Legal Proceedings24 Item 2.Unregistered Sales of Equity Securities and Use of Proceeds24Item 5.Other Information24Item 6.Exhibits25 PART IFINANCIAL INFORMATION TREX COMPANY, INC.Condensed Consolidated Statements of Comprehensive Income Condensed Consolidated Statements of Cash Flows(Unaudited)(In thousands) TREX COMPANY, INC. Notes to Condensed Consolidated Financial StatementsFor the Three Months Ended March 31, 2025 and March 31, 2024(Unaudited) 1.BUSINESS AND ORGANIZATION Trex Company, Inc. (Trex or Company), is the world’s largest manufacturer of high-performance, low-maintenance wood-alternative decking and railing products and a leader in outdoor living products and accessories, marketed under the brand name Trex®, with more than 30 years of product experience. A majority of its products aremanufactured in a proprietary process that combines reclaimed wood fibers and scrap polyethylene. The Company isincorporated in Delaware. The principal executive offices are located at 2500 Trex Way, Winchester, Virginia22601, and the telephone number at that address is (540) 542-6300. The Company operates in asinglereportable 2.BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements have been prepared in accordancewith accounting principles generally accepted in the United States for interim financial information and U.S.Securities and Exchange Commission instructions to Form 10-Q and Article 10 of Regulation S-X and, accordingly,the accompanying unaudited condensed consolidated financial statements do not include all of the information andnotes required by accounting principles generally accepted in the United States for complete financial statements. In The unaudited consolidated results of operations for the three months ended March 31, 2025, are notnecessarily indicative of the results that may be expected for the fiscal year ending December 31, 2025. TheCompany’s results of operations are affected by a number of factors, including, but not limited to, the cost tomanufacture and distribute products, cost of raw materials, inflation, tariffs, consumer spending and preferences, These unaudited condensed consolidated financial statements should be read in conjunction with the auditedconsolidated financial statements and notes thereto included in the Annual Report of Trex Company, Inc. on Form 3.RECENTLY ADOPTED ACCOUNTING STANDARDS In November 2023, the Financial Accounting Standards Board (FASB) issuedAccounting StandardsUpdate (ASU) No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.”The guidance requires disclosure of significant segment expenses which are regularly provided to the chief operatingdecision maker (CODM), the composition of and amount of other segment items, the CODM’s title and positionwithin the organization, and how the CODM uses the reported measure(s) of segment’s profit or loss to assess theperformance of the segment. In addition, on an interim basis, all segment profit or loss and asset disclosures