Trex announces $100 million accelerated share repurchase program

Trex Company Inc. (NYSE: TREX) announced an agreement to repurchase approximately $100 million of its outstanding common stock through an accelerated share repurchase program with Wells Fargo Bank, National Association.

The company paid $100 million to Wells Fargo and expects to receive an initial delivery of approximately 1.9 million shares. The transactions are expected to be completed in the first and second quarters of 2026.

The repurchase is part of Trex's board-approved $150 million share repurchase authorization. Bryan Fairbanks, president and chief executive officer, said the program demonstrates confidence in the company's long-term outlook and that Trex intends to continue share repurchases for the balance of 2026.

Trex manufactures wood-alternative decking and railing products. The Winchester, Virginia-based company sells through more than 6,700 retail outlets across six continents.

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