Trex Co Inc 2026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 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 submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant wasrequired 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,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.: Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growthcompany☐ 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):Yes☐No☒ The number of shares of the registrant’s common stock, par value $0.01 per share, outstanding at April 16, 2026 was 103,898,729shares. TREX COMPANY, INC. INDEX PART I FINANCIAL INFORMATION2Item 1.Condensed Consolidated Financial Statements2Condensed Consolidated Statements of Comprehensive Income for the Three Months EndedMarch 31, 2026 and March 31, 2025 (unaudited)2Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025(unaudited)3Condensed Consolidated Statements of Changes in Stockholders’ Equity for the Three MonthsEnded March 31, 2026 and March 31, 2025 (unaudited)4Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31,2026 and March 31, 2025 (unaudited)5Notes to Condensed Consolidated Financial Statements (unaudited)6Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations15Item 3.Quantitative and Qualitative Disclosures About Market Risk23Item 4.Controls and Procedures23PART II OTHER INFORMATION24Item 1.Legal Proceedings24Item 2.Unregistered Sales of Equity Securities and Use of Proceeds24Item 5.Other Information24Item 6.Exhibits24 PART IFINANCIAL INFORMATION TREX COMPANY, INC.Condensed Consolidated Statements of Comprehensive Income(Unaudited)(In thousands, except share and per share data) TREX COMPANY, INC. Condensed Consolidated Balance Sheets(In thousands, except share data) Preferred stock, $0.01par value, 3,000,000shares authorized; noneissuedandoutstanding——Common stock, $0.01par value, 360,000,000shares authorized;141,280,582and141,208,139shares issued and 103,898,577and 105,737,266sharesoutstanding, atMarch 31, 2026 and December 31, 2025, respectively1,4131,412Additional paid-in capital136,183155,316Retained earnings1,851,2501,789,847Treasury stock, at cost, 37,382,005and 35,470,873shares at March 31,2026 andDecember 31, 2025, respectively(993,085)(912,311)Total stockholders’ equity995,7611,034,264Total liabilities and stockholders’ equity$1,729,814$1,453,441 TREX COMPANY, INC. Condensed Consolidated Statements of Changes in Stockholders’ Equity (Unaudited)(In thousands, except share data) TREX COMPANY, INC. Condensed Consolidated Statements of Cash Flows(Unaudited)(In thousands) TREX COMPANY, INC. Notes to Condensed Consolidated Financial StatementsFor the Three Months Ended March 31, 2026 and March 31, 2025(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 a single reportablesegment. 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 i