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TREX
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Updated Nov 4, 2026
Trex Q3 2026: Housing slowdown pressures composite decking demand; margins compress amid freight and labor cost headwinds.
Trex reports Q3 2026 revenue decline driven by residential construction weakness and inventory destocking across channels, with gross margin compression from elevated freight and direct labor costs despite pricing actions. The company operates as the world's largest composite decking and railing manufacturer, combining reclaimed wood fiber and recycled polyethylene in proprietary formulations. Management guidance and demand signals point to continued housing market softness, constraining near-term order conversion and backlog visibility.
Tone: cautiousRevenue
$1.2B
TREX 10-K · FY 2025
Employees
1,839
Revenue growth YoY
+2%
Founded
1998
Profile
TREX 10-K Item 1 · Feb 25, 2026Trex Company is the world's largest manufacturer of composite decking and railing products, marketed under the Trex brand and manufactured entirely in the United States. The company sells through wholesale distributors and major home improvement retailers including Home Depot and Lowe's, primarily serving the residential repair and remodel market. Trex also offers fencing, cladding, fasteners, and outdoor lighting, and licenses its brand to third-party manufacturers for complementary outdoor living products.
Read filing description ↓ Collapse description ↑
Trex Company, Inc. is the world's largest manufacturer of high-performance, low-maintenance, eco-friendly wood-alternative composite decking and railing and a leader in outdoor living products, with more than 30 years of product experience. Trex products are marketed under the brand name Trex® and manufactured in the United States. Stocked in more than 6,700 retail locations worldwide, Trex offers a comprehensive set of aesthetically appealing and durable, low-maintenance product offerings in the decking, railing, fencing, cladding and outdoor lighting categories. A majority of the products are eco-friendly and leverage recycled and reclaimed materials to the extent possible. Trex decking is made in a proprietary process that combines reclaimed wood fibers and recycled polyethylene film, making Trex one of the largest recyclers of waste polyethylene plastic film in North America. Our composite deck boards do not rot, warp, or splinter and the versatile colors feature a refined wood grain that adds depth and luxury to any backyard. Trex products are sold to distributors and home centers for final resale primarily to the residential market. The Company operates in one reportable segment. Outdoor living remains one of the fastest growing categories within the repair and remodel sector, and the strength of the Trex brand coupled with our expanded manufacturing capacity, our key competitive advantages, help us to effectively unlock potential market share and drive long term growth.
Primary products
- Trex Signature® decking
- Trex Transcend® Lineage decking
- Trex Transcend® decking
- Trex Select® decking
- Trex Enhance® decking
- Trex Hideaway® Fastener Collection
Business segments
End markets
Geographies
Named customers
For the years ended December 31, 2025, 2024, and 2023, three customers represented approximately 73%, 81%, and 72%, respectively, of the Company's total net sales. No other customer represented 10% or more of the Company's total net sales.
Named competitors
“Industry studies indicate that we have the leading market share of the wood-alternative segment of the decking and railing market.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Net sales increased $22.8 million, or 2.0%, in 2025 compared to 2024, as stated in the MD&A financial performance highlights.
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