--- title: "Trex | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 343.4 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285612603.md" datetime: "2026-05-07T20:28:50.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285612603.md) - [en](https://longbridge.com/en/news/285612603.md) - [zh-HK](https://longbridge.com/zh-HK/news/285612603.md) --- # Trex | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 343.4 M Revenue: As of FY2026 Q1, the actual value is USD 343.4 M, beating the estimate of USD 339.9 M. EPS: As of FY2026 Q1, the actual value is USD 0.58, beating the estimate of USD 0.5061. EBIT: As of FY2026 Q1, the actual value is USD 83.51 M. Trex Company, Inc. operates in a single reportable segment, with all financial performance evaluated on a consolidated basis. #### Net Sales Net sales increased by $3.4 million, or 1.0%, to $343,403 thousand for the three months ended March 31, 2026, compared to $339,993 thousand in the prior year period. #### Gross Profit and Margin Gross profit for the three months ended March 31, 2026, was $139,022 thousand, a 0.9% increase from $137,731 thousand in the prior year. The gross margin remained consistent at 40.5% for both periods. #### Selling, General and Administrative Expenses Selling, general and administrative expenses decreased by $0.5 million, or -1.0%, to $55,517 thousand for the three months ended March 31, 2026, from $56,068 thousand in the prior year. As a percentage of net sales, these expenses were 16.2% in 2026, down from 16.5% in 2025. #### Net Income Net income increased by $969 thousand, or 1.6%, to $61,403 thousand for the three months ended March 31, 2026, compared to $60,434 thousand in the prior year. #### EBITDA EBITDA increased by $5,964 thousand, or 6.2%, to $101,876 thousand for the three months ended March 31, 2026, compared to $95,912 thousand in the prior year. #### Cash Flow from Operating Activities Net cash used in operating activities was -$118,425 thousand for the three months ended March 31, 2026, a decrease from -$154,013 thousand in the prior year. #### Cash Flow from Investing Activities Net cash used in investing activities was -$24,912 thousand for the three months ended March 31, 2026, compared to -$79,965 thousand in the prior year. Capital expenditures and intangibles totaled $25.0 million, including $13.0 million for the Arkansas manufacturing facility, $2.6 million for cost reduction initiatives, $1.9 million for ERP and other platforms, and $7.5 million for other capacity expansion and maintenance upgrades. #### Cash Flow from Financing Activities Net cash provided by financing activities was $144,022 thousand for the three months ended March 31, 2026, primarily from net borrowings under the line of credit, a decrease from $237,649 thousand in the prior year. #### Cash and Cash Equivalents Cash and cash equivalents at the end of the period were $4,492 thousand as of March 31, 2026, compared to $4,963 thousand as of March 31, 2025. #### Debt and Liquidity As of March 31, 2026, Trex Company, Inc. had $382.5 million in borrowings outstanding under its revolving credit facility, with a total availability of $314.4 million and a weighted average interest rate of 4.6%. The company was in compliance with all debt covenants. #### Stock Repurchase Program Under the 2023 Stock Repurchase Program, Trex Company, Inc. repurchased 1.9 million shares through an Accelerated Stock Repurchase (ASR) program for an initial prepayment of $100 million during the three months ended March 31, 2026. As of March 31, 2026, 5,516,405 shares remained available for repurchase, and an additional 10 million shares were authorized for repurchase on April 28, 2026. #### Future Outlook and Strategy Trex Company, Inc. expects 2026 capital expenditures to range from $100 million to $120 million, prioritizing internal growth, manufacturing cost reductions, equipment upgrades, and acquisitions aligned with its long-term growth strategy. These requirements and other operations are planned to be funded through cash on hand, operating cash flows, and revolving credit facilities. ### Related Stocks - [TREX.US](https://longbridge.com/en/quote/TREX.US.md) ## Related News & Research - [The Splintering Truth: 78% of Wood Deck Owners Regret Their Choice | TREX Stock News](https://longbridge.com/en/news/286942386.md) - [Trex Q1 sales rise 1%, adjusted profit beats estimates](https://longbridge.com/en/news/285531405.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Keysight Technologies Reports Second Quarter 2026 Results | KEYS Stock News](https://longbridge.com/en/news/286959830.md)