WINCHESTER, Va., June 03, 2024 (GLOBE NEWSWIRE) -- Trex Company [NYSE: TREX] is stepping into outdoor living season with a strategic new addition to its roster of licensed partners. In a move that brings together two industry leaders dedicated to enhancing outdoor living spaces with innovative, stylish solutions, the world's largest manufacturer of high-performance, low-maintenance composite decking and railing has tapped Paragon Stairs, the largest producer of spiral stairs in the U.S., to be the exclusive ...

WINCHESTER, Va., June 03, 2024 (GLOBE NEWSWIRE) -- Trex Company [NYSE: TREX] is stepping into outdoor living season with a strategic new addition to its roster of licensed partners. In a move that brings together two industry leaders dedicated to enhancing outdoor living spaces with innovative, stylish solutions, the world's largest manufacturer of high-performance, low-maintenance composite decking and railing has tapped Paragon Stairs, the largest producer of spiral stairs in the U.S., to be the exclusive ...

Trex Company, Inc. (NYSE:TREX) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Casey Kotary – Head of Investor Relations Bryan Fairbanks – President and Chief Executive Officer Brenda Lovcik – Senior Vice President and Chief Financial Officer Amy Fernandez – Senior Vice President, Chief Legal Officer and Secretary Conference Call Participants Stanley Elliott – Stifel Tim Wjos – Baird Ryan Merkel – William Blair Rafe Jadrosich – Bank of America Susan Maklari – Goldman Sachs Phil ...

Financial Performance - Net sales for the three months ended March 31, 2024, reached $373.6 million, a 56.5% increase from $238.7 million in the same period of 2023[82] - Gross profit for the same period was $169.6 million, reflecting a 79.6% increase compared to $94.4 million in Q1 2023[82] - Net income surged to $89.1 million, up 116.6% from $41.1 million year-over-year[82] - EBITDA for Q1 2024 was $133.2 million, a 93.4% increase from $68.9 million in Q1 2023[82] - Diluted earnings per share increased to $0.82, representing a 115.8% rise from $0.38 in the prior year[82] - Net sales increased by $134.9 million, or 56.5%, in Q1 2024 compared to Q1 2023, primarily due to increased volume and changes to the early-buy program[89] - Gross profit rose to $169.6 million, a 79.6% increase from $94.4 million in Q1 2023, with a gross margin of 45.4% compared to 39.6% in the prior year[91] - Net income for Q1 2024 was $89.1 million, up from $41.1 million in Q1 2023, with EBITDA increasing 93.4% to $133.2 million[94] Capital Expenditures and Financial Guidance - Capital expenditures in Q1 2024 totaled $37.7 million, primarily for the Arkansas manufacturing facility and capacity expansion[83] - Capital expenditures in Q1 2024 totaled $37.7 million, mainly for the Arkansas manufacturing facility and cost reduction initiatives[98] - The capital expenditure guidance for 2024 is set between $210 million and $230 million, including expenditures for the new Arkansas facility[112] - The company plans to prioritize capital allocation for internal growth, manufacturing cost reductions, and strategic acquisitions in 2024[113] Claims and Warranty - The warranty period for residential use of products sold on or after January 1, 2023, is 50 years for Transcend® decking and 35 years for Select® decking[116] - The warranty period for commercial use of products sold on or after January 1, 2023, is 10 years, with some exceptions having a 25-year warranty[116] - The number of incoming claims for the three months ended March 31, 2024, was 69, a decrease from 81 claims received in the same period in 2023[123] - The average cost per claim for the three months ended March 31, 2024, was $3,460, down from $4,114 in the same period in 2023[125] - The total number of open claims at the end of March 31, 2024, was 1,699, slightly up from 1,729 at the end of March 31, 2023[125] - The company estimates that a 10% change in the expected number of remaining claims or the expected cost to settle claims may result in approximately a $1.0 million change in the surface flaking warranty reserve[124] - The company maintains a warranty reserve for product warranty claims, adjusting estimates based on historical claims experience and future expectations[118] - The company continues to receive and settle claims for products manufactured prior to 2007 that exhibit surface flaking, maintaining a warranty reserve for these claims[119] Operational Insights - Selling, general and administrative expenses increased by $13.1 million to $50.6 million, representing 13.5% of total net sales, driven by higher personnel and marketing expenses[92] - Cash used in operating activities was $174 million in Q1 2024, compared to $115.5 million in Q1 2023, primarily due to increases in accounts receivable and inventories[97] - The company had $223 million in outstanding borrowings under the revolving credit facility, with a borrowing capacity of $327 million as of March 31, 2024[109] - Significant increases in inventory levels in the distribution channel without corresponding end-use demand could adversely affect future sales[114] - Seasonal demand for products may be affected by adverse weather conditions, but incentive programs for distributors help mitigate this impact[126] - The company has not experienced any material changes in market risk exposure during the three months ended March 31, 2024[127] Product Development and Recognition - Trex launched the Trex Signature® X-SeriesTM, expanding its railing portfolio with new cable and frameless glass rail options[82] - Trex was recognized as the most sustainable decking brand for the 14th consecutive year by Green Builder Media[82] - The company celebrated six awards for product excellence and innovation in decking and railing products from various industry organizations[82] - Trex's comprehensive fastener collection, including the Hideaway® Fastener Collection, was launched to meet diverse fastening needs[82]

TREX COMPANY REPORTS FIRST QUARTER 2024 RESULTS Robust First Quarter Sales Reflect Double-Digit Sell-Through for Premium Products and Early Buy Program Exhibit 99.1 NEWS RELEASE Gross Margin Expansion Driven by Higher Utilization and Cost Efficiencies Guiding to Second Quarter Revenues of $380 million to $390 million Reaffirms Full Year 2024 Guidance WINCHESTER, Va. —May 9, 2024— Trex Company, Inc. (NYSE:TREX) (Trex or Company), the world's #1 brand of high-performance, low-maintenance and eco-friendly comp ...

Financial Data and Key Metrics Changes - In Q4 2023, net sales were $196 million, an increase of 8.4% from $181 million in Q4 2022, driven by increased volume and the absence of residual channel inventory destocking [22] - Full year 2023 net sales totaled $1.095 billion, up from $1.060 billion in 2022, representing a growth of 3% [25] - Gross margin for 2023 expanded by 360 basis points to 41.3% from 37.7% in 2022, benefiting from improved plant performance and cost-out initiatives [25] - Full year net income was $205 million or $1.89 per diluted share, compared to $201 million or $1.80 per diluted share in 2022 [26] - EBITDA for 2023 was $326 million, up from $311 million in 2022, with an EBITDA margin of 29.8%, a 40 basis point improvement from 2022 [26] Business Line Data and Key Metrics Changes - The company launched new products in Q4 2023, including Trex Transcend Lineage and Trex Signature, aimed at the premium customer segment [10][11] - The railing segment saw the introduction of Trex Select T-Rail and the Signature X-series cable rail, expanding the product offerings [12] - The company also launched a Trex branded fastener collection to enhance the installation experience for contractors and DIY installers [13] Market Data and Key Metrics Changes - Channel sell-through growth was in the mid-single digits, consistent with the previous quarters, indicating stable market demand [9] - Year-end decking inventories were down approximately 15% from the prior year lows, reflecting increased growth expectations for Q1 2024 [21] Company Strategy and Development Direction - The company aims for double-digit revenue and EBITDA growth in 2024, supported by an early buy program expected to generate $60 million to $80 million in incremental sales in the first half of 2024 [17][18] - The strategic focus includes expanding the product portfolio and enhancing brand strength to capture a larger share of the $14 billion addressable market [32] - Continuous improvement cost-out programs are expected to contribute to ongoing gross margin benefits [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the brand and product offerings, anticipating mid-single digit underlying demand growth despite a flat to low-single digit outlook for the larger repair and remodel market in 2024 [18][19] - The company is optimistic about consumer behavior, noting that homeowners are investing in outdoor spaces to enhance home value [19] - Management highlighted the importance of maintaining appropriate inventory levels to support market demand as the season progresses [111] Other Important Information - The company received multiple recognitions for sustainability efforts in 2023, including being named one of the 100 best ESG companies [16] - Capital expenditures for 2024 are projected at approximately $220 million, primarily for the Arkansas manufacturing facility [29] Q&A Session Summary Question: Revenue growth assumptions for the full year - Management indicated that underlying growth assumptions for sell-through are expected to be in the mid-single digits, with higher growth in Q1 due to inventory adjustments and early buy program [37] Question: SG&A spending and leverage - SG&A expenses are expected to show leverage throughout the year, particularly in the early part of the year with higher revenues [45] Question: Feedback from contractors and bookings - Contractors are reporting confidence, with average lead times returning to normal levels and projects becoming larger [67] Question: Inventory levels and channel management - Management is focused on ensuring inventories are at appropriate levels as the season begins, with no concerns about year-end inventory levels [111] Question: Long-term EBITDA margin targets - Management expects gross margins to be impacted by startup costs from the Arkansas facility but anticipates long-term improvements as the facility reaches full capacity [113]

Part I [Business](index=4&type=section&id=Item%201.%20Business) Trex is the world's largest manufacturer of wood-alternative composite decking and railing, operating in the Trex Residential segment and focusing on market conversion, innovation, and manufacturing expansion - Trex is the **world's largest manufacturer** of composite decking and railing, operating under the Trex Residential segment after divesting the Trex Commercial segment in late 2022[12](index=12&type=chunk)[17](index=17&type=chunk) - The company's growth strategy is centered on converting the market from wood to composite materials, expanding its product line, leveraging its strong brand, and improving manufacturing productivity[16](index=16&type=chunk) Trex Residential Product Offerings | Category | Products | | :--- | :--- | | **Decking & Accessories** | Trex Signature®, Trex Transcend® Lineage™, Trex Transcend®, Trex Select®, Trex Enhance®, Trex Hideaway® fasteners, Trex DeckLighting™ | | **Railing** | Trex Transcend Railing, Trex Select Railing, Trex Select T-Rail, Trex Signature® aluminum railing | | **Fencing** | Trex Seclusions® composite fencing | - Trex is investing approximately **$450 million** in a new manufacturing facility in Little Rock, Arkansas, to expand capacity, with construction beginning in Q2 2022[33](index=33&type=chunk)[146](index=146&type=chunk) - The company has a significant customer concentration, with three customers representing approximately **72%** of total net sales in 2023[28](index=28&type=chunk) - As of December 31, 2023, the company employed **1,765** full-time employees, none of whom are covered by collective bargaining agreements[53](index=53&type=chunk)[58](index=58&type=chunk) [Risk Factors](index=15&type=section&id=Item%201A.%20Risk%20Factors) The company faces risks from market competition, customer concentration, product quality, raw material sourcing, supply chain, and external factors like inflation and cybersecurity - A primary risk is the ability to compete with traditional wood products, which constitute the majority of the decking and railing market, and other wood-alternative manufacturers[75](index=75&type=chunk) - The company has significant customer concentration risk, with three customers accounting for **72%** of total net sales in 2023, where the loss of a major customer could materially impact the business[78](index=78&type=chunk) - Product quality and performance are critical, as the company continues to manage a warranty reserve for surface flaking issues on decking produced at its Nevada facility before 2007, which could impact profitability[89](index=89&type=chunk) - The business depends on obtaining adequate supplies of raw materials, particularly wood fiber and scrap polyethylene, where sourcing challenges or price volatility could negatively affect profitability[92](index=92&type=chunk) - The business is subject to risks from cybersecurity attacks, which could compromise confidential information and disrupt operations despite proactive security measures being in place[112](index=112&type=chunk)[113](index=113&type=chunk)[114](index=114&type=chunk) [Unresolved Staff Comments](index=24&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports no unresolved staff comments from the SEC - None[118](index=118&type=chunk) [Cybersecurity](index=24&type=section&id=Item%201C.%20Cybersecurity) The company maintains a comprehensive cybersecurity risk management program, overseen by the CIO and Audit Committee, which has not materially impacted business operations or financial condition - The company's cybersecurity program is managed by the Chief Information Officer and Director of Information Security, with oversight from an Executive Information Security Oversight Committee and the Audit Committee of the Board of Directors[122](index=122&type=chunk)[123](index=123&type=chunk) - Risk management processes include engaging third-party security monitoring, annual employee training, phishing simulations, and vulnerability scanning[120](index=120&type=chunk) - The company has not experienced any cybersecurity risks that have had a material effect on its business strategy, results of operations, or financial condition[121](index=121&type=chunk) [Properties](index=25&type=section&id=Item%202.%20Properties) Trex owns and leases significant corporate, manufacturing, and warehouse properties across multiple states, with 2023 capital expenditures of **$166.1 million** primarily for the new Arkansas facility Owned and Leased Properties | Type | Square Footage / Acres | Status | Location(s) | | :--- | :--- | :--- | :--- | | Corporate Headquarters | 62,942 SF / 8 Acres | Owned | Virginia | | Trex Residential Facilities | 1,848,535 SF | Leased | Virginia / Nevada / Arkansas | | Trex Residential Facilities | 1,236,360 SF / 455 Acres | Owned | Virginia / Nevada / Arkansas | - Total capital expenditures in 2023 were **$166.1 million**, with a primary focus on the new Arkansas facility (**$98.0 million**) and cost reduction initiatives at existing plants (**$23.9 million**)[125](index=125&type=chunk) [Legal Proceedings](index=25&type=section&id=Item%203.%20Legal%20Proceedings) The company is involved in routine litigation and claims not expected to materially affect its financial condition or operations - The company faces routine litigation and claims incidental to its business, which are not expected to have a material financial impact[128](index=128&type=chunk) [Mine Safety Disclosures](index=25&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[129](index=129&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=26&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) Trex common stock is listed on the NYSE, with the company prioritizing reinvestment and share repurchases over dividends, and its five-year cumulative total stockholder return significantly outperformed the Russell 2000 Index - The company has never paid cash dividends and has no current intention to do so, prioritizing reinvestment and share repurchases[132](index=132&type=chunk) - On May 4, 2023, the Board authorized a new stock repurchase program for up to **10.8 million shares**, with no shares repurchased under this program in the quarter ended December 31, 2023[134](index=134&type=chunk) Comparison of 5-Year Cumulative Total Return | Index | 12/31/2018 | 12/31/2023 | Cumulative Return | | :--- | :--- | :--- | :--- | | **Trex Company, Inc.** | $100.00 | $278.94 | **178.94%** | | **Russell 2000 Index** | $100.00 | $161.09 | **61.09%** | | **S&P 600 Building Products** | $100.00 | $276.54 | **176.54%** | [Reserved]](index=27&type=section&id=Item%206.%20%5BReserved%5D) This item is reserved [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=28&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) In 2023, total net sales decreased **1.0%** to **$1.09 billion** due to divestiture, while Trex Residential sales grew **3.3%**, gross margin improved to **41.3%**, and net income increased **11.2%** to **$205.4 million**, supported by strong cash flow and capital investments Financial Performance Highlights (2023 vs. 2022) | Metric | 2023 | 2022 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | **Net sales** | $1,094.8M | $1,106.0M | $(11.2M) | (1.0)% | | **Gross profit** | $452.4M | $404.0M | $48.4M | 12.0% | | **Net income** | $205.4M | $184.6M | $20.8M | 11.2% | | **Diluted EPS** | $1.89 | $1.65 | $0.24 | 14.5% | - The **1.0%** decrease in total net sales was due to the divestiture of Trex Commercial, while Trex Residential net sales increased by **3.3%** due to a **2.6%** rise in sales volume[183](index=183&type=chunk) - Gross margin for Trex Residential improved from **37.7%** in 2022 to **41.3%** in 2023, driven by cost savings and improved plant performance, offsetting reduced production absorption[184](index=184&type=chunk) - Selling, general and administrative (SG&A) expenses increased by **24.2%** to **$176.2 million**, primarily due to higher personnel, branding, and R&D expenses[185](index=185&type=chunk) - The company continues to manage a warranty reserve for surface flaking claims on products made before 2007, with a decrease in estimated future claims leading to a **$3.8 million** reduction in the reserve in Q3 2023[163](index=163&type=chunk) Cash Flow Summary (in thousands) | Activity | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | | **Net cash from operating activities** | $389,420 | $216,220 | $258,064 | | **Net cash used in investing activities** | $(166,089) | $(168,884) | $(158,039) | | **Net cash used in financing activities** | $(233,697) | $(176,064) | $(80,673) | - Capital expenditures for 2024 are projected to be between **$210 million** and **$230 million**, continuing the investment in the Arkansas facility and other growth initiatives[219](index=219&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=42&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate exposure from its variable-rate revolving line of credit, with a **$5.5 million** outstanding balance, which is not expected to materially impact financial results from a **1%** rate increase - The company is exposed to interest rate risk from its variable-rate revolving line of credit, which had **$5.5 million** outstanding at year-end 2023[224](index=224&type=chunk) - A hypothetical **1%** increase in interest rates is not expected to materially impact the company's financial results[224](index=224&type=chunk) [Financial Statements and Supplementary Data](index=42&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section incorporates the company's audited consolidated financial statements for fiscal year 2023, including comprehensive income, balance sheets, equity changes, cash flows, and notes Consolidated Statements of Comprehensive Income (Year Ended Dec 31, in thousands) | Account | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | | **Net sales** | $1,094,837 | $1,106,043 | $1,196,952 | | **Gross profit** | $452,407 | $403,989 | $460,504 | | **Income from operations** | $276,204 | $246,735 | $275,376 | | **Net income** | $205,384 | $184,626 | $208,737 | Consolidated Balance Sheets (As of Dec 31, in thousands) | Account | 2023 | 2022 | | :--- | :--- | :--- | | **Total current assets** | $172,254 | $286,842 | | **Total Assets** | $932,885 | $933,705 | | **Total current liabilities** | $91,062 | $290,599 | | **Total Liabilities** | $216,214 | $415,356 | | **Total Stockholders' Equity** | $716,671 | $518,349 | [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=43&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes in or disagreements with its accountants on accounting and financial disclosure - None[227](index=227&type=chunk) [Controls and Procedures](index=43&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that disclosure controls and internal control over financial reporting were effective as of December 31, 2023, with an unqualified opinion from Ernst & Young LLP - Management concluded that the company's disclosure controls and procedures were effective as of December 31, 2023[228](index=228&type=chunk) - Management assessed internal control over financial reporting based on the COSO framework and concluded it was effective as of December 31, 2023[232](index=232&type=chunk) - Ernst & Young LLP, the independent auditor, provided an unqualified opinion on the effectiveness of the company's internal control over financial reporting[237](index=237&type=chunk) - No material changes to internal control over financial reporting occurred during the fourth fiscal quarter of 2023[234](index=234&type=chunk) [Other Information](index=46&type=section&id=Item%209B.%20Other%20Information) The Board amended by-laws on February 21, 2024, to clarify director stock ownership and meeting leadership, with no Rule 10b5-1 trading plan changes by directors or officers in Q4 2023 - The company's by-laws were amended on February 21, 2024, to clarify director stock ownership guidelines and meeting leadership protocols[245](index=245&type=chunk) - No directors or officers made changes to any Rule 10b5-1 trading arrangements in Q4 2023[246](index=246&type=chunk) [Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](index=46&type=section&id=Item%209C.%20Disclosure%20Regarding%20Foreign%20Jurisdictions%20the%20Prevent%20Inspections) This item is not applicable to the company - None[247](index=247&type=chunk) Part III [Directors, Executive Officers and Corporate Governance](index=47&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) Information on directors, executive officers, and corporate governance is incorporated by reference from the 2024 proxy statement - Information for this item is incorporated by reference from the 2024 proxy statement[249](index=249&type=chunk) [Executive Compensation](index=47&type=section&id=Item%2011.%20Executive%20Compensation) Executive compensation information is incorporated by reference from the 2024 proxy statement - Information for this item is incorporated by reference from the 2024 proxy statement[251](index=251&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=47&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Security ownership information is incorporated by reference from the 2024 proxy statement - Information for this item is incorporated by reference from the 2024 proxy statement[252](index=252&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=47&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) Information on certain relationships, related transactions, and director independence is incorporated by reference from the 2024 proxy statement - Information for this item is incorporated by reference from the 2024 proxy statement[253](index=253&type=chunk) [Principal Accounting Fees and Services](index=47&type=section&id=Item%2014.%20Principal%20Accounting%20Fees%20and%20Services) Principal accounting fees and services information is incorporated by reference from the 2024 proxy statement - Information for this item is incorporated by reference from the 2024 proxy statement[254](index=254&type=chunk) Part IV [Exhibits and Financial Statement Schedules](index=48&type=section&id=Item%2015.%20Exhibits%20and%20Financial%20Statement%20Schedules) This section lists the consolidated financial statements, schedules, and exhibits filed as part of the Form 10-K report - This section lists the financial statements, schedules, and exhibits filed with the Form 10-K[256](index=256&type=chunk)[257](index=257&type=chunk) [Form 10-K Summary](index=48&type=section&id=Item%2016.%20Form%2010-K%20Summary) No Form 10-K summary is provided - None[258](index=258&type=chunk)

Exhibit 99.1 NEWS RELEASE TREX COMPANY REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS —Strong Fourth Quarter Sales Cap a Year of Resilient Consumer Demand for Trex Decking & Railing— —Full Year Gross Margin Expanded By 480 Basis Points— —2024 Guidance Anticipates Double-Digit Sales Growth and Further Margin Expansion— WINCHESTER, Va.—February 26, 2024— Trex Company, Inc. (NYSE:TREX) (Trex or Company), the world's #1 brand of high-performance, low-maintenance and eco-friendly decking and railing and a lea ...

Trex Company, Inc. (NYSE:TREX) Q3 2023 Earnings Conference Call October 30, 2023 5:00 PM ET Company Participants Viktoriia Nakhla - IR Bryan Fairbanks - President & CEO Amy Fernandez - Vice President, General Counsel Brad McDonald - Chief Accounting Officer Kara Strosnider - Director of Financial Planning and Analysis Amy Fernandez - Vice President, General Counsel Brenda Lovcik - Senior Vice President and Chief Financial Officer Conference Call Participants John Lovallo - UBS Susan Maklari - Goldman Sachs ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-14649 Trex Company, Inc. (Exact name of registrant as specified in its charter) Delaware 54-1910453 (State or other ...