Trex Announces $1000M Buyback Plan

Trex Company, Inc. [NYSE:TREX], the world's largest manufacturer of wood-alternative decking and railing, today announced an agreement to purchase approximately $100 million of its outstanding common stock through an Accelerated Stock Repurchase program ("ASR") with Wells Fargo Bank, National Association. The ASR is part of the Company's board-approved $150 million share repurchase authorization.

Under the ASR agreement, the Company paid $100 million to Wells Fargo and expects to receive an initial delivery of approximately 1.9 million shares of the Company's common stock underlying the ASR agreement. The transactions under the ASR agreement are expected to be completed in the first and second quarters of 2026.