Trex Company, Inc. filed its Form 10-Q with the SEC for the quarterly period ended September 30, 2026, reporting third-quarter net sales of $359.5 million and net income of $52.5 million.

Key Highlights

  • Q3 net sales: $359,504 thousand for the three months ended September 30, 2026, compared with $285,348 thousand in the same period of 2025.
  • Q3 net income: $52,493 thousand, up from $51,770 thousand in Q3 2025.
  • Nine-month net sales: $1,120,926 thousand for the nine months ended September 30, 2026, versus $1,013,142 thousand for the same period in 2025.
  • Nine-month net income: $175,772 thousand, compared with $188,113 thousand for the nine months ended September 30, 2025.
  • Diluted EPS: $0.52 for Q3 2026 and $1.70 for the nine months ended September 30, 2026.
  • Share repurchases: Treasury stock increased to 40,670,884 shares at a cumulative cost of $1,118,857 thousand as of September 30, 2026, up from 35,470,873 shares at $912,311 thousand at December 31, 2025.
  • Line of credit: $170,000 thousand outstanding as of September 30, 2026, compared with $133,500 thousand at December 31, 2025.

Trex Company Third-Quarter 2026 Financial Results and Balance Sheet Position

According to the filing, Trex Company (NYSE:TREX) reported third-quarter 2026 net sales of $359,504 thousand, a year-over-year increase from $285,348 thousand in Q3 2025. Gross profit for the quarter was $129,473 thousand, compared with $115,438 thousand in the prior-year period. Selling, general and administrative expenses rose to $56,455 thousand from $45,041 thousand, and other expenses of $496 thousand were recorded in Q3 2026 versus none in Q3 2025. Income from operations was $72,522 thousand, up from $70,397 thousand a year earlier. Net interest expense of $843 thousand was also recognized in Q3 2026, with no comparable figure in Q3 2025.

For the nine months ended September 30, 2026, the registrant reported net sales of $1,120,926 thousand and net income of $175,772 thousand, compared with $1,013,142 thousand and $188,113 thousand, respectively, for the same period in 2025. The company disclosed that nine-month other expenses totaled $5,169 thousand in 2026, with no such line item in the prior-year period, and that nine-month interest expense, net reached $3,170 thousand. The provision for income taxes for the nine months was $63,276 thousand in 2026 versus $66,346 thousand in 2025.

The condensed consolidated balance sheet as of September 30, 2026 showed total assets of $1,567,641 thousand, up from $1,453,441 thousand at December 31, 2025. Accounts receivable, net increased to $222,914 thousand from $48,091 thousand at year-end, while inventories decreased to $181,189 thousand from $238,665 thousand. Total stockholders' equity stood at $1,010,405 thousand at September 30, 2026, compared with $1,034,264 thousand at December 31, 2025. The registrant disclosed that 99,936,893 shares of common stock were outstanding as of October 14, 2026. Depreciation and amortization for the nine months ended September 30, 2026 was $59,903 thousand, compared with $46,068 thousand for the same period in 2025.

What Was Disclosed

Trex Company filed its quarterly report covering the period ended September 30, 2026, disclosing revenue growth, year-over-year declines in nine-month net income, expanded share repurchase activity, higher line-of-credit balances, and updated balance sheet figures including total assets of $1,567,641 thousand.