<SEC-DOCUMENT>0001193125-23-273131.txt : 20231108
<SEC-HEADER>0001193125-23-273131.hdr.sgml : 20231108
<ACCEPTANCE-DATETIME>20231108101352
ACCESSION NUMBER:		0001193125-23-273131
CONFORMED SUBMISSION TYPE:	8-K/A
PUBLIC DOCUMENT COUNT:		13
CONFORMED PERIOD OF REPORT:	20231030
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20231108
DATE AS OF CHANGE:		20231108

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TREX CO INC
		CENTRAL INDEX KEY:			0001069878
		STANDARD INDUSTRIAL CLASSIFICATION:	LUMBER & WOOD PRODUCTS (NO FURNITURE) [2400]
		IRS NUMBER:				541910453
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14649
		FILM NUMBER:		231386416

	BUSINESS ADDRESS:	
		STREET 1:		160 EXETER DRIVE
		CITY:			WINCHESTER
		STATE:			VA
		ZIP:			22603-8605
		BUSINESS PHONE:		5405426300

	MAIL ADDRESS:	
		STREET 1:		160 EXETER DRIVE
		CITY:			WINCHESTER
		STATE:			VA
		ZIP:			22603-8605
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K/A
<SEQUENCE>1
<FILENAME>d592456d8ka.htm
<DESCRIPTION>8-K/A
<TEXT>
<XBRL>
<?xml version="1.0" encoding="utf-8" ?>
<html xmlns:dei="http://xbrl.sec.gov/dei/2022" xmlns:us-types="http://fasb.org/us-types/2022" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:trex="http://trex.com/20231030" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:utr="http://www.xbrl.org/2009/utr" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns="http://www.w3.org/1999/xhtml">
<head>
<title>8-K/A</title>
<meta http-equiv="Content-Type" content="text/html" />
</head>
   <body><div style="display:none"> <ix:header> <ix:hidden> <ix:nonNumeric id="Hidden_dei_EntityRegistrantName" name="dei:EntityRegistrantName" contextRef="duration_2023-10-30_to_2023-10-30">TREX CO INC</ix:nonNumeric> <ix:nonNumeric name="dei:AmendmentFlag" contextRef="duration_2023-10-30_to_2023-10-30">true</ix:nonNumeric> <ix:nonNumeric id="Hidden_dei_EntityCentralIndexKey" name="dei:EntityCentralIndexKey" contextRef="duration_2023-10-30_to_2023-10-30">0001069878</ix:nonNumeric> </ix:hidden> <ix:references> <link:schemaRef xlink:type="simple" xlink:href="trex-20231030.xsd" xlink:arcrole="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase"></link:schemaRef> </ix:references> <ix:resources> <xbrli:context id="duration_2023-10-30_to_2023-10-30"> <xbrli:entity> <xbrli:identifier scheme="http://www.sec.gov/CIK">0001069878</xbrli:identifier> </xbrli:entity> <xbrli:period> <xbrli:startDate>2023-10-30</xbrli:startDate> <xbrli:endDate>2023-10-30</xbrli:endDate> </xbrli:period> </xbrli:context> </ix:resources> </ix:header> </div> <div style="text-align:center"> <div style="width:8.5in;text-align:left;margin-left: auto;margin-right: auto"> <p style="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&#160;</p> <p style="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&#160;</p> <p style="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman;font-weight:bold;text-align:center">UNITED STATES</p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman;font-weight:bold;text-align:center">SECURITIES AND EXCHANGE COMMISSION</p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman;font-weight:bold;text-align:center">WASHINGTON, DC 20549</p> <p style="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <div style="text-align:center"> <p style="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%;text-align:center;margin-left: auto;margin-right: auto">&#160;</p></div> <p style="margin-top:8pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman;font-weight:bold;text-align:center">FORM <span style="white-space:nowrap"><ix:nonNumeric name="dei:DocumentType" contextRef="duration_2023-10-30_to_2023-10-30">8-K/A</ix:nonNumeric></span></p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman;font-weight:bold;text-align:center">(Amendment No.&#160;1)</p> <p style="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <div style="text-align:center"> <p style="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%;text-align:center;margin-left: auto;margin-right: auto">&#160;</p></div> <p style="margin-top:8pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman;font-weight:bold;text-align:center">CURRENT REPORT</p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman;font-weight:bold;text-align:center">PURSUANT TO SECTION 13 OR 15(d)</p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman;font-weight:bold;text-align:center">OF THE SECURITIES EXCHANGE ACT OF 1934</p> <p style="margin-top:8pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman;font-weight:bold;text-align:center">Date of Report (Date of earliest event reported): <ix:nonNumeric name="dei:DocumentPeriodEndDate" contextRef="duration_2023-10-30_to_2023-10-30" format="ixt:datemonthdayyearen">October&#160;30, 2023</ix:nonNumeric></p> <p style="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <div style="text-align:center"> <p style="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%;text-align:center;margin-left: auto;margin-right: auto">&#160;</p></div> <p style="margin-top:8pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman;font-weight:bold;text-align:center"> <span style=" -sec-ix-hidden:Hidden_dei_EntityRegistrantName">TREX COMPANY, INC.</span> </p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center">(Exact Name of Registrant as Specified in Charter)</p> <p style="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <div style="text-align:center"> <p style="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%;text-align:center;margin-left: auto;margin-right: auto">&#160;</p></div> <p style="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table cellspacing="0" cellpadding="0" style="border-collapse:collapse; font-family:Times New Roman; font-size:8pt;width:100%;border:0;margin:0 auto">
<tr>
<td style="width:34%"></td>
<td style="vertical-align:bottom"></td>
<td style="width:32%"></td>
<td style="vertical-align:bottom;width:1%"></td>
<td style="width:32%"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><ix:nonNumeric name="dei:EntityIncorporationStateCountryCode" contextRef="duration_2023-10-30_to_2023-10-30" format="ixt-sec:stateprovnameen">Delaware</ix:nonNumeric></span></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><span style="white-space:nowrap"><ix:nonNumeric name="dei:EntityFileNumber" contextRef="duration_2023-10-30_to_2023-10-30">001-14649</ix:nonNumeric></span></span></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><span style="white-space:nowrap"><ix:nonNumeric name="dei:EntityTaxIdentificationNumber" contextRef="duration_2023-10-30_to_2023-10-30">54-1910453</ix:nonNumeric></span></span></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold">(State or Other Jurisdiction<br />of Incorporation)</span></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">(Commission</p> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">File Number)</p></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold">(IRS Employer<br />Identification No.)</span></td></tr></table> <p style="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table cellspacing="0" cellpadding="0" style="border-collapse:collapse; font-family:Times New Roman; font-size:10pt;width:100%;border:0;margin:0 auto">
<tr>
<td style="width:50%"></td>
<td style="vertical-align:bottom;width:1%"></td>
<td style="width:48%"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style=" text-align: center;margin:auto; vertical-align:top"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center"><ix:nonNumeric name="dei:EntityAddressAddressLine1" contextRef="duration_2023-10-30_to_2023-10-30">2500 Trex Way</ix:nonNumeric></p> <p style="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center"><ix:nonNumeric name="dei:EntityAddressCityOrTown" contextRef="duration_2023-10-30_to_2023-10-30">Winchester</ix:nonNumeric>, <ix:nonNumeric name="dei:EntityAddressStateOrProvince" contextRef="duration_2023-10-30_to_2023-10-30" format="ixt-sec:stateprovnameen">Virginia</ix:nonNumeric></p></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:bottom"><span style="font-weight:bold"><ix:nonNumeric name="dei:EntityAddressPostalZipCode" contextRef="duration_2023-10-30_to_2023-10-30">22601</ix:nonNumeric></span></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold">(Address of Principal Executive Offices)</span></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold">(ZIP Code)</span></td></tr></table> <p style="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center">Registrant&#8217;s telephone number, including area code: <ix:nonNumeric name="dei:CityAreaCode" contextRef="duration_2023-10-30_to_2023-10-30">(540)</ix:nonNumeric> <span style="white-space:nowrap"><ix:nonNumeric name="dei:LocalPhoneNumber" contextRef="duration_2023-10-30_to_2023-10-30">542-6300</ix:nonNumeric></span></p> <p style="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center">Not Applicable</p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">(Former Name or Former Address, if Changed Since Last Report)</p> <p style="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <div style="text-align:center"> <p style="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%;text-align:center;margin-left: auto;margin-right: auto">&#160;</p></div> <p style="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Securities registered pursuant to Section&#160;12(b) of the Act:</p> <p style="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table cellspacing="0" cellpadding="0" style="border-collapse:collapse; font-family:Times New Roman; font-size:8pt;width:100%;border:0;margin:0 auto">
<tr>
<td style="width:34%"></td>
<td style="vertical-align:bottom"></td>
<td style="width:32%"></td>
<td style="vertical-align:bottom;width:1%"></td>
<td style="width:32%"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<td style=" text-align: center;margin:auto; border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Title of each class</p></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; border-bottom:1.00pt solid #000000;vertical-align:bottom"> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Trading<br />Symbol(s)</p></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; border-bottom:1.00pt solid #000000;vertical-align:bottom"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Name of each exchange</p> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">on which registered</p></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style=" text-align: center;margin:auto; vertical-align:top"><ix:nonNumeric name="dei:Security12bTitle" contextRef="duration_2023-10-30_to_2023-10-30">Common stock</ix:nonNumeric></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><ix:nonNumeric name="dei:TradingSymbol" contextRef="duration_2023-10-30_to_2023-10-30">TREX</ix:nonNumeric></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><ix:nonNumeric name="dei:SecurityExchangeName" contextRef="duration_2023-10-30_to_2023-10-30" format="ixt-sec:exchnameen">New York Stock Exchange</ix:nonNumeric></td></tr></table> <p style="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below if the Form <span style="white-space:nowrap">8-K</span> filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</p> <p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table style="border-collapse:collapse; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top"><ix:nonNumeric name="dei:WrittenCommunications" contextRef="duration_2023-10-30_to_2023-10-30" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></td>
<td style="vertical-align:top"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:left">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</p></td></tr></table> <p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table style="border-collapse:collapse; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top"><ix:nonNumeric name="dei:SolicitingMaterial" contextRef="duration_2023-10-30_to_2023-10-30" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></td>
<td style="vertical-align:top"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:left">Soliciting material pursuant to Rule <span style="white-space:nowrap">14a-12</span> under the Exchange Act (17 CFR <span style="white-space:nowrap">240.14a-12)</span></p></td></tr></table> <p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table style="border-collapse:collapse; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top"><ix:nonNumeric name="dei:PreCommencementTenderOffer" contextRef="duration_2023-10-30_to_2023-10-30" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></td>
<td style="vertical-align:top"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:left"><span style="white-space:nowrap">Pre-commencement</span> communications pursuant to Rule <span style="white-space:nowrap">14d-2(b)</span> under the Exchange Act (17 CFR <span style="white-space:nowrap">240.14d-2(b))</span></p></td></tr></table> <p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table style="border-collapse:collapse; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top"><ix:nonNumeric name="dei:PreCommencementIssuerTenderOffer" contextRef="duration_2023-10-30_to_2023-10-30" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></td>
<td style="vertical-align:top"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:left"><span style="white-space:nowrap">Pre-commencement</span> communications pursuant to Rule <span style="white-space:nowrap">13e-4(c)</span> under the Exchange Act (17 CFR <span style="white-space:nowrap">240.13e-4(c))</span></p></td></tr></table> <p style="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule <span style="white-space:nowrap">12b-2</span> of the Securities Exchange Act of 1934 <span style="white-space:nowrap">(&#167;240.12b-2</span> of this chapter).</p> <p style="margin-top:8pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Emerging growth company&#160;&#160;<ix:nonNumeric name="dei:EntityEmergingGrowthCompany" contextRef="duration_2023-10-30_to_2023-10-30" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></p> <p style="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&#160;13(a) of the Exchange Act&#160;&#160;&#9744;</p> <p style="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <p style="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&#160;</p> <p style="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&#160;</p></div></div>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<hr style="color:#999999;height:3px;width:100%" />

<div style="text-align:center"><div style="width:8.5in;text-align:left;margin-left: auto;margin-right: auto">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold">Explanatory Note </p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><ix:nonNumeric name="dei:AmendmentDescription" contextRef="duration_2023-10-30_to_2023-10-30">This Amendment No. 1 to Trex Company, Inc.&#8217;s Current Report on Form <span style="white-space:nowrap">8-K</span> is furnished to include a transcript of the earnings conference call held on October&#160;30, 2023.</ix:nonNumeric> </p> <p style="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table style="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:11%;vertical-align:top" align="left"><span style="font-weight:bold">Item&#160;2.02</span></td>
<td align="left" style="vertical-align:top"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:left">Results of Operations and Financial Condition </p></td></tr></table> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On October&#160;30, 2023, Trex Company, Inc. (Company) issued a press release announcing its financial results for the three and nine months ended September&#160;30, 2023, as previously furnished. Also, on October&#160;30, 2023, the Company held a conference call to discuss financial and operating results. A transcript of the conference call is attached hereto as Exhibit 99.2. </p> <p style="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table style="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:11%;vertical-align:top" align="left"><span style="font-weight:bold">Item&#160;9.01</span></td>
<td align="left" style="vertical-align:top"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:left">Financial Statements and Exhibits. </p></td></tr></table> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) Trex Company, Inc. herewith furnishes the following exhibits: </p> <p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table cellspacing="0" cellpadding="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt;width:100%;border:0;margin:0 auto">


<tr>

<td></td>

<td style="vertical-align:bottom;width:4%"></td>
<td style="width:92%"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<td style="vertical-align:bottom;white-space:nowrap" align="center"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Exhibit</p> <p style="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; display:inline-block; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Number</p></td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:bottom;white-space:nowrap" align="center"> <p style=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:inline-block; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Description of Exhibit</p></td></tr>


<tr style="font-size:1pt">
<td style="height:6pt"></td>
<td style="height:6pt" colspan="2"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top;white-space:nowrap">99.2</td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:top"><a href="d592456dex992.htm">Transcript of the Trex Company, Inc. conference call held on October&#160;30, 2023, to discuss financial and operating results for the three and nine months ended September&#160;30, 2023. </a></td></tr>
<tr style="font-size:1pt">
<td style="height:6pt"></td>
<td style="height:6pt" colspan="2"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top;white-space:nowrap">104.1</td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:top">Cover page Interactive Data File (embedded within the Inline XBRL document).</td></tr>
</table>
</div></div>



<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<hr style="color:#999999;height:3px;width:100%" />

<div style="text-align:center"><div style="width:8.5in;text-align:left;margin-left: auto;margin-right: auto">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:center">SIGNATURE </p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </p> <p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table cellspacing="0" cellpadding="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt;width:100%;border:0">


<tr>

<td style="width:47%"></td>

<td style="vertical-align:bottom;width:1%"></td>
<td style="width:4%"></td>

<td style="vertical-align:bottom"></td>
<td></td>

<td style="vertical-align:bottom;width:1%"></td>
<td style="width:46%"></td></tr>


<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top"></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom"></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom"></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom;white-space:nowrap">TREX COMPANY, INC.</td></tr>
<tr style="font-size:1pt">
<td style="height:12pt"></td>
<td style="height:12pt" colspan="2"></td>
<td style="height:12pt" colspan="2"></td>
<td style="height:12pt" colspan="2"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:bottom">Date: November&#160;8, 2023</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom"></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom"></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom"> <p style="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Bryan H. Fairbanks</p></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:bottom"></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom"></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom"></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom">Bryan H. Fairbanks</td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:bottom"></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom"></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom"></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom">Acting Chief Financial Officer</td></tr>
</table>
</div></div>

</body></html>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>2
<FILENAME>d592456dex992.htm
<DESCRIPTION>EX-99.2
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.2</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Trex Company, Inc. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Third Quarter 2023 Earnings
Conference Call </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Monday, October&nbsp;30, 2023, 5:00 PM Eastern </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>CORPORATE PARTICIPANTS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks</B> -
<I>President, Chief Executive Officer</I> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Brenda Lovcik</B> - <I>Senior Vice President </I><I>and Chief Financial Officer</I> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Brad McDonald</B> - <I>Chief Accounting Officer</I> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Kara
Strosnider</B> - <I>Director of Financial Planning and Analysis</I> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Amy Fernandez</B> - <I>Vice President, General Counsel</I> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Viktoriia Nakhla</B> - <I>Investor Relations</I> </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">
 1
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>PRESENTATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Good afternoon, and welcome to the Trex Company
Third Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the &#147;*&#148; key followed by &#147;0.&#148; After today&#146;s
presentation, there will be an opportunity to ask questions. To ask a question, you may press &#147;*&#148; then &#147;1&#148; on your telephone keypad, to withdraw your question, please press &#147;*&#148; then &#147;2.&#148; Please note, this
event is being recorded. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I would now like to turn the conference over to Vicky Nakhla. Please go ahead. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Viktoriia Nakhla </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thank you, everyone, for joining us
today. With us on the call are Bryan Fairbanks, President and Chief Executive Officer. He is joined by finance executives, Brad McDonald, Chief Accounting Officer, and Kara Strosnider, Director of Financial Planning and Analysis as well as Amy
Fernandez, Vice President, General Counsel, together with other members of Trex management, including the recently named Senior Vice President and Chief Financial Officer Brenda Lovcik. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The company issued a press release today after market close containing financial results for the third quarter of 2023. This release is available on the
company&#146;s website. This conference call is also being webcast and will be available on the investor relations page of the company&#146;s website for 30 days. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I would now like to turn the call over to Amy Fernandez. Amy. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Amy Fernandez </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thank you, Viktoriia. Before we begin, let
me remind everyone that statements on this call regarding the company&#146;s expected future performance and conditions constitute forward-looking statements within the meaning of Federal Securities Laws. These statements are subject to certain
risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. For a discussion of such risks and uncertainties, please see our most recent Form
<FONT STYLE="white-space:nowrap">10-K</FONT> and Form <FONT STYLE="white-space:nowrap">10-Q</FONT> as well as our 1933 and other 1934 Act filings with the SEC. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Additionally, <FONT STYLE="white-space:nowrap">non-GAAP</FONT> financial measures will be referenced in this call. A reconciliation of these measures to the
comparable GAAP financial measure can be found in our earnings press release at trex.com. The company expressly disclaims any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future
events or otherwise. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">With that introduction, I will turn the call over to Bryan Fairbanks. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thank you, Amy. Good evening and thank
you for joining us to discuss our third quarter 2023 results. Building off our strong second quarter performance, Trex delivered another robust quarter with improvements across all key financial metrics. Consumer demand for Trex products remain
resilient with channel sell-through growth in the <FONT STYLE="white-space:nowrap">mid-single-digits.</FONT> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Trex Company, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Monday, October 30, 2023, 5:00 PM Eastern </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">
 2
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sales growth in the quarter also benefited from the successful launch of new products, along with our brand
and marketing investments. These products resonate with consumers who value the aesthetics and low maintenance advantages of Trex products over traditional wood. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We continue to leverage our industry leading manufacturing capabilities, driving further cost reductions through increased production efficiencies resulting
in an adjusted gross margin of 41.8%. This strong performance on less than full capacity is a clear indication of the leverage inherent in the Trex business model. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Adjusted EBITDA margin reached 31.5%, inclusive of our continued marketing and branding investments. As we highlighted at our recent Analyst Day, we remain
focused on continuing to grow our market share as we convert more of the traditional wood decking market to Trex. Innovative new products remain central to our growth strategy, and we continue to expand our portfolio to meet consumer needs and
preferences across all price points. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the third quarter, we experienced continued positive market response to our Trex Signature<SUP
STYLE="font-size:75%; vertical-align:top">&reg;</SUP> and Trex Transcend<SUP STYLE="font-size:75%; vertical-align:top">&reg;</SUP> Lineage<SUP STYLE="font-size:75%; vertical-align:top">&#153;</SUP> products, two recently launched lines targeting the
<FONT STYLE="white-space:nowrap">higher-end</FONT> consumer. Lineage with its proprietary heat mitigation technology and a more refined, clean look has been well received in the marketplace. And after successful testing in selected geographies, we
plan a national rollout for Signature decking, which is competing well at the high end of the market. We spent many years developing these game-changing products and are pleased with the reception we&#146;re seeing from both our channel partners and
consumers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We also see significant growth potential in our broader Residential segment, driven by railing, fasteners, cladding and fencing, which
together with decking brings our overall addressable market opportunity to approximately $14&nbsp;billion. We believe in opportunities in railing alone offer substantial growth potential. The growth will be driven by expanded attachment rates
coupled with attractive solutions to match consumer preferences at each price point while still delivering on Trex quality. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">While we have manufactured
and sold Trex railing products since our early years, we recently accelerated our efforts to further penetrate the market. Notably, we introduced our Trex Select<SUP STYLE="font-size:75%; vertical-align:top">&reg;</SUP> <FONT
STYLE="white-space:nowrap">T-Rail</FONT> system in the second quarter. This composite rail system is priced competitively against <FONT STYLE="white-space:nowrap">low-cost</FONT> vinyl railing yet outperforms vinyl both in terms of aesthetics and
performance. <FONT STYLE="white-space:nowrap">T-Rail</FONT> is off to a great start, expanding our share in railing and building greater awareness of the Trex brand in this important category. The <FONT STYLE="white-space:nowrap">T-Rail</FONT>
launch continues our strategy of providing railing product at every price point as we have successfully done in decking. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As we continue to drive
innovation through new products and tap into a range of new growth opportunities, we are expanding our production capacity in a disciplined manner. We will continue to develop our new facility in Arkansas using a modular approach, enabling us to
match new capacity with anticipated market demand, while allowing us to incorporate emerging technologies that will further optimize production efficiency. As a part of our planned investment, we intend to incorporate AI to further improve product
quality and create the lowest cost manufacturing facility in the industry. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We continue to focus on long-term growth and delivering value to shareholders
in a sustainable manner. ESG leadership is important to us as it&#146;s been part of our company&#146;s DNA since its inception, and our sustainability goals align with profitability targets. We remain committed to the reduction of waste, water and
energy consumption, empowering and investing in our valuable employees and helping build strong and healthy communities where we operate through our recycling programs, employee volunteer efforts and charitable donations. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Trex Company, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Monday, October 30, 2023, 5:00 PM Eastern </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">
 3
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Now, I will turn the call over to Brad McDonald, Chief Accounting Officer, for a review of our financial
performance. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Brad McDonald </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thank you, Bryan, and
good evening. As in the previous quarter, given the divestiture of Trex Commercial Products at the end of 2022, and to provide a more meaningful comparison, my comments will compare our third quarter 2023 financial performance to the third quarter
of 2022 Trex Residential results. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Net sales of $304&nbsp;million exceeded our expectations and were significantly above last year&#146;s
$178&nbsp;million of Residential net sales, which were impacted by channel inventory destocking. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Improved utilization rates from higher production
volumes and the benefits from our investments in production efficiencies and <FONT STYLE="white-space:nowrap">cost-out</FONT> programs drove a significant improvement in gross margin to 43.1%. During the quarter, we recognized a benefit of
$3.8&nbsp;million due to a reduction in the warranty reserve related to the legacy surface flaking issue that affected a portion of the products manufactured at the Nevada plant prior to 2007. Excluding the warranty benefit, gross margin was 41.8%,
compared to Residential gross margin of 25.4% in last year&#146;s third quarter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Selling, general and administrative expenses were $45&nbsp;million, or
14.7% of net sales, compared to $25&nbsp;million, or 13.9% of Trex Residential net sales in the 2022 quarter. As discussed in the previous quarter, we&#146;re returning to more normalized SG&amp;A spending levels with a focus on branding, marketing
and R&amp;D. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Net income in the 2023 quarter was $65&nbsp;million, or $0.60 per diluted share, compared to Trex Residential net income of
$15&nbsp;million, or $0.14 per diluted share, during the prior year quarter. EBITDA was $99&nbsp;million, and EBITDA as a percentage of net sales, or EBITDA margin, was 32.7% compared to Trex Residential EBITDA of $32&nbsp;million and EBITDA margin
of 17.8% in the third quarter of 2022. Excluding the warranty benefit, net income in the 2023 quarter was $62&nbsp;million, or $0.57 per diluted share, and adjusted EBITDA was $96&nbsp;million, and EBITDA margin was 31.5%. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Year-to-date</FONT></FONT> 2023 net sales were $899&nbsp;million compared to
$879&nbsp;million of Residential net sales in the year ago period. Net income was $183&nbsp;million, or $1.69 per diluted share, compared to Trex Residential net income of $177&nbsp;million, or $1.57 per diluted share, in 2022. <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Year-to-date</FONT></FONT> 2023 EBITDA was $285&nbsp;million, resulting in an EBITDA margin of 31.7% compared to Trex Residential EBITDA of $268&nbsp;million and EBITDA margin of 30.5% in
2022. Excluding the warranty benefit, <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">year-to-date</FONT></FONT> 2023 net income was $181&nbsp;million, or $1.66 per diluted share, adjusted EBITDA was $281&nbsp;million, and adjusted
EBITDA margin was 31.3%. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Year-to-date</FONT></FONT> operating cash flow was
$288&nbsp;million compared to $244&nbsp;million in the comparable period of 2022 as we converted significant working capital into cash through the inventory reduction. Capital expenditures amounted to $113&nbsp;million
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">year-to-date,</FONT></FONT> primarily related to the <FONT STYLE="white-space:nowrap">build-out</FONT> of the Arkansas facility. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I will now turn to our updated guidance. We are projecting fourth quarter revenues in the range of $185&nbsp;million to $195&nbsp;million, reflecting both
seasonally lower demand and the shift of our <FONT STYLE="white-space:nowrap">pre-buy</FONT> to the first quarter of 2024 as discussed in last quarter&#146;s conference call. The resulting impact is that full year 2023 revenues are projected to be
$1.09&nbsp;billion, assuming the midpoint of the fourth quarter revenue guidance. This is an increase from the $1.04&nbsp;billion to $1.06&nbsp;billion range provided during our last update. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Trex Company, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Monday, October 30, 2023, 5:00 PM Eastern </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">
 4
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are also increasing our full year adjusted EBITDA margin guidance to be between 29% and 29.5% compared to
the previous range of 28% to 29%. This guidance includes our expectation that SG&amp;A will be at the higher end of the range of 15% to 16% of net sales. Capital spending guidance is projected at the higher end of the estimated $145&nbsp;million to
$155&nbsp;million previously provided. Depreciation and amortization will range from $47&nbsp;million to $50&nbsp;million, and our tax rate guidance remains at 25% to 26%. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">With that, I&#146;ll now turn the call back to Bryan. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan
Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thank you, Brad. Before I finish my remarks, I wanted to introduce the most recent addition to the Trex executive team, Brenda Lovcik, our
new Senior Vice President and Chief Financial Officer. With over 25 years of experience, Brenda brings deep financial experience gained at global manufacturing companies, a strong track record in business operations and proven leadership skills.
Brenda&#133; </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Brenda Lovcik </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thank you, Bryan, and
good evening, everyone. This is an exciting time for Trex. And I am delighted to join the team as we continue to execute our growth strategy and build long-term value for Trex stakeholders. I look forward to speaking and meeting with you in person
over the coming months. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thank you,
Brenda. Trex is continuing to successfully navigate this dynamic environment, leveraging our industry-leading competitive advantages that clearly distinguish Trex from our competitors. Our laser focus on share gains from an expanding addressable
market, complemented by our continued investment in innovation, product launches and consumer education will ensure we drive long-term shareholder value. I want to thank our Trex team members for their hard work, and channel partners for the many
years of productive growth and look forward to many more years working together. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Operator, please open the call to questions. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>QUESTION AND ANSWER </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We will now begin the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">question-and-answer</FONT></FONT> session. To ask a question, you may
press &#147;*&#148; then &#147;1&#148; on your telephone keypad. If you&#146;re using a speakerphone, please pick up your handset before pressing the keys. To withdraw your question, please press &#147;*&#148; then &#147;2.&#148; Please limit
yourself to one question and one <FONT STYLE="white-space:nowrap">follow-up.</FONT> If you have further questions, you may <FONT STYLE="white-space:nowrap">re-enter</FONT> the question queue. At this time, we&#146;ll pause momentarily to assemble
the roster. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">And our first question comes from John Lovallo of UBS. Please go ahead. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Trex Company, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Monday, October 30, 2023, 5:00 PM Eastern </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">
 5
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>John Lovallo </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Good evening, guys. Thanks for taking my questions. The first one is the fourth quarter revenue expectations improved from what was implied at about
$155&nbsp;million to $185&nbsp;million last quarter to the $185&nbsp;million to $195&nbsp;million today. And this would actually represent year-over-year growth versus the fourth quarter of 2022. That said, the implied EBITDA in the fourth quarter
would still be down 18% to 20% year-over-year. So, can you just help us sort of bucket the year-over-year drivers that are weighing on the fourth quarter EBITDA other than maybe the higher SG&amp;A? </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The biggest driver on that is going to
be the SG&amp;A related to branding spend. We do have new products that will be coming into the marketplace next year, so we will be creating samples, merchandising, creating all of the literature that goes around that. So, when you do the modeling
for SG&amp;A, you&#146;ll see that, that will come in quite a bit higher than what it has been historically as we prepare to launch those products. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>John Lovallo </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Understood. Okay, and then maybe just from
a high level, how did demand trend through the quarter? How would you characterize September exit rate? And how did things look in October? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan
Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We were pleased with the consumer reaction to our products throughout the third quarter. I saw a
<FONT STYLE="white-space:nowrap">mid-single-digit</FONT> type sales growth. And for the fourth quarter, inclusive in our guidance, and to your point, slightly better than what we provided before. We assumed a roughly flat now. I would expect a low
single-digit type growth in the fourth quarter with consumer demand. So, we&#146;re still positive on the Trex consumer, the effectiveness of our marketing, also the weather conditions that we&#146;re seeing across most of North America. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>John Lovallo </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Great. Thanks Bryan. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thank you. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The next question comes from Susan Maklari of
Goldman Sachs. Please go ahead. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Susan Maklari </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thank
you. Good afternoon, and thanks for taking the question. Bryan, can you talk a bit about how you&#146;re thinking of the setup for &#145;24? Appreciating that it&#146;s still a bit early out there, but how do you think the industry, as well as Trex,
will end the year in terms of channel inventories and maybe the potential to pull more volumes in next year, especially as you think about <FONT STYLE="white-space:nowrap">sell-in</FONT> perhaps outpacing
<FONT STYLE="white-space:nowrap">sell-out?</FONT> </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I think the best way to look at it at this point, if I take myself back to this time last year, we were looking at 2023 being down <FONT
STYLE="white-space:nowrap">mid-single-digits.</FONT> And with the guidance we&#146;ve provided, it will end up being up <FONT STYLE="white-space:nowrap">mid-single-digits</FONT> on a full year basis, excluding any impacts from inventory changes at <FONT
STYLE="white-space:nowrap">year-end.</FONT> I am feeling more positive about the Trex consumer today than I was feeling a year ago. I see how these consumers are reacting to the value of installing a Trex deck. We hear more often than that these are
consumers that might be normally looking to move up in their home, but because of high interest rates and high values of those homes, they&#146;re not making that move, so they&#146;re improving their existing spaces. I expect that tailwind on the
repair and remodel side to continue to be a benefit for Trex as we move forward. So, I&#146;m feeling marginally more positive today than I was at the end of last year. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Trex Company, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Monday, October 30, 2023, 5:00 PM Eastern </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">
 6
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Susan Maklari </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay. That&#146;s helpful color. And then maybe following up on John&#146;s question a bit, you mentioned to expect SG&amp;A to be a bit higher in the fourth
quarter in support of the new products that you&#146;ll be launching. Any thoughts on how we should think about margin cadence for 2024? Any key items you&#146;d highlight for next year? </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We&#146;ll provide a lot more detail on
2024 as we get into the end of the year call and margin cadence. I would expect that we will see a stronger early buy as the channel recognizes that we need to ensure the appropriate amount of material is out there. But aside from that, really
nothing else to provide at this point. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Susan Maklari </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay. Alright. Thanks for the color. Good luck with everything. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thank you. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The next question comes from Ryan Merkel of
William Blair. Please go ahead. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Ryan Merkel </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Hey,
everyone. Thanks for taking the questions. My first one, Bryan, you mentioned the positive response to the new decking products. How did you measure that? And then should we expect a bigger pop next year as you&#146;re rolling that out in a bigger
way? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Yes, to answer your second
question, yes, absolutely. It does take some time to get these products in the market. We launched two colors of our Lineage product line in, I believe it was May of last year, and then two additional colors in December of 2022. So, we&#146;ve seen
that build as we&#146;ve gone through the course of the year, and we expect to see that continue to build next year as more people get more familiar with the Transcend Lineage product line, the heat mitigating technology, the updated colors. So,
what we&#146;re calling it based off of what we&#146;re actually seeing in the market. From a Signature perspective, we expect that&#146;ll be more of a niche product. It&#146;s designed to really hold on to that super premium buyer that&#146;s
looking for the aesthetics and the feel of that real tropical hardwood. As we are seeing that turn through the channel in the test markets that we&#146;ve launched it into, and we will have a national rollout of that in the new year. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Ryan Merkel </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Perfect. And then for my <FONT
STYLE="white-space:nowrap">follow-up,</FONT> I&#146;m just getting asked about the risk of consumer financing again. Can you just refresh us on your thinking there? And what percent of the consumer you think uses financing for your product? </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Consumer financing for deck projects is
not extensively used. Data that we have in talking with our contractors, it&#146;s less than 10% of the marketplace. It&#146;s not something that we hear back from our contractors. And our contractors are not shy about asking us for selling tools to
help them in the marketplace. It doesn&#146;t even show up in the top 10 of things that they&#146;re looking for, for selling tools along the way. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Trex Company, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Monday, October 30, 2023, 5:00 PM Eastern </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">
 7
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Ryan Merkel </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Great. Thank you. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thanks. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The next question comes from Joe Ahlersmeyer of Deutsche Bank. Please go ahead. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Hi, Joe. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Joe Ahlersmeyer </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Hey, good afternoon, everybody. Thanks
for taking the questions. I&#146;m always looking at your finished goods inventory, but I think this third quarter number is particularly important as we think about what actions people might take in the channel around
<FONT STYLE="white-space:nowrap">pre-buy.</FONT> And it&#146;s $43&nbsp;million, I think, on finished goods. That is far lower than last year, and it&#146;s more in line with 2021. I&#146;m just wondering how you&#146;re planning production in the
fourth quarter to service even the guidance that you&#146;ve put out? And then what you might do if the <FONT STYLE="white-space:nowrap">pre-buy</FONT> is actually a little bit stronger than you&#146;re assuming? I just want to also make sure that
the number that you assume is pushed to 1Q hasn&#146;t changed either? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Yes, remember, last year, we pulled back our sales guidance significantly because of the need to reduce inventory in the channel. So, we were building
inventory and putting it on our balance sheet from that perspective. Whereas this year, it was a regular third quarter inventory, and to your point, looks more like a normal end of the third quarter where we finish with usually the lowest inventory
for the year. As we go into the end of the year, we will be building inventory as we normally do during the fourth quarter, and we&#146;ll use that in addition to our production to be able to service the early buy and then through the second quarter
of next year. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Joe Ahlersmeyer </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">And so, thinking
about the fourth quarter implied gross margin, that&#146;s reflective probably of the production rate of 3Q. And so, as you build inventory in 4Q, we might see a pretty decent step up into 1Q gross margin? Is that a fair way to think about it? </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Yes, production will be roughly in line
with what we made, maybe even a margin a little bit higher than what we made in the third quarter. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Joe Ahlersmeyer </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Alright. Thanks a lot. Good luck. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thanks. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The next question comes from Jeffrey Stevenson of Loop Capital. Please go ahead. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Trex Company, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Monday, October 30, 2023, 5:00 PM Eastern </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">
 8
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Jeffrey Stevenson </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Hi. Thanks for taking my questions today, and congrats on the strong results. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thanks, Jeff. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Jeffrey Stevenson </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">So Bryan, can you talk about the
current sentiment at your dealer and distributor partners? I&#146;m just wondering if they&#146;ve become incrementally more optimistic, if they have another strong sell-through-demand quarter, or does there remain some conservatism given concerns
about the impact of higher interest rates and slowing existing home sales? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Yes, what we&#146;re hearing from the channel is that while there&#146;s concern from consumers, those that have strong consumer brands are holding up better
than other parts of the marketplace, which are more commodity-based. So overall, much like my comments earlier in the call, they&#146;re feeling more positive about the Trex business going into next year than they did going into 2023. And they want
to ensure they have the right inventory on the ground to be able to support those consumers as we continue to see a tailwind from homeowners that are staying in their existing homes, that they&#146;re upgrading those wood decks. We&#146;ve talked in
the past about there being 50&nbsp;million to 60&nbsp;million wood decks, and about half of those are either passed or at the point of needing replacement. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Jeffrey Stevenson </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay. Now that&#146;s very helpful.
And my second question is if there&#146;s an opportunity to become more aggressive with your share repurchase program after the recent market-driven pullback here? </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We operate our program through <FONT
STYLE="white-space:nowrap">10b5-1</FONT> filings. Those parameters are preset when the program is filed. We do have a continuing program for the shares, and I expect that it&#146;s a continued important part of our capital allocation. Our top
priority is our organic growth, and then second would be share buyback. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Jeffrey Stevenson </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Great. Thanks Bryan. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thank you. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The next question comes from Keith Hughes of SunTrust. Please go ahead. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Keith Hughes </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thank you. You have given us a view for
capital spending for 2023. If we look at the 2024, would it be the same order of magnitude? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We will provide additional color on that, but I do expect 2024 to be quite a significant year of capital spending as we really get into the heavy part of the <FONT
STYLE="white-space:nowrap">build-out</FONT> in the purchasing of the equipment for the decking building, as well as, potentially adding a warehouse on to that site as well to. And most of that capital we expended within the course of the year. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Trex Company, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Monday, October 30, 2023, 5:00 PM Eastern </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">
 9
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Keith Hughes </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">And on the quarter, the revenue growth, was that all units or was there some price mix in the number? </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There was no price. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Keith Hughes </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">No price. Okay. Thank you very much. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thank you. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The next question comes from Trey Grooms of
Stephens. Please go ahead. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Noah Merkousko </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Hi, good
afternoon. This is Noah Merkousko on for Trey. Thanks for taking my questions. First, do you anticipate the need to take any pricing in 2024? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan
Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We haven&#146;t made decisions on pricing. If we were to take pricing, we would talk with the channel prior to talking with the investment
community on that. We have not seen any significant upward move in our overall cost. Other than a few things here and there on, some certain specific smaller product lines that we might consider along the way, but I wouldn&#146;t expect it to be
material. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Noah Merkousko </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Got it. That makes sense.
And then for my <FONT STYLE="white-space:nowrap">follow-up.</FONT> Is $60&nbsp;million to $80&nbsp;million still the right way to think about potential inventory build in 1Q 2024? </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I wouldn&#146;t necessarily call it
inventory build. I would expect the inventory build to be larger than that. The $60&nbsp;million to $80&nbsp;million specifically refers to those sales that would have otherwise occurred in December as part of our early buy. Last year, we did it
over a four-month time period from December through March. This year, we will do it over a three-month time period, January through March. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Noah
Merkousko </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Got it. That makes sense. Thanks for taking my questions. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thanks. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The next question comes from Alex Rygiel from
B. Riley FBR. Please go ahead. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Trex Company, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Monday, October 30, 2023, 5:00 PM Eastern </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">
 10
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Alex Rygiel </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thanks Bryan and very nice quarter here. Could you provide a bit more color on the increase in sales guidance relative to sell-through versus channel inventory
rebounding? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Are you talking
specific for the fourth quarter? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Alex Rygiel </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Yes.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">So, for the fourth quarter,
originally, we had expected that we would be looking at a flattish fourth quarter. Now, I am expecting to see a low single-digit type growth, and then there will be just a little bit of inventory build within the channel itself. When looking at the
end of the third quarter it was well below where things were last year, and so I would expect just a small rebound within the quarter and then the meaningful inventory build will occur during the fourth quarter of next year. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Alex Rygiel </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">That&#146;s helpful. And then I believe
railing attachment rates are in 15% to 20% range. Is there any way you could be a little bit more specific in that? Maybe talk about how that&#146;s changed in 2023 and maybe talk about how that could change in 2024? </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">It&#146;s a significant variant to the
attachment rate depending upon the regions that we operate within, the attractiveness of our existing railing profiles to those regions out there. And it can be anywhere from 15%, going all the way up to over 50% depending upon the area. That&#146;s
one of the things that we are going to work on. How can we better have a metric to reference that back to the marketplace? But there is such a wide variance on it today that trying to pick a single metric on overall attachment rate doesn&#146;t work
all that well for us. But what we do see is where we have those lower attachment rates. That means that there are areas of the marketplace that were not hitting the sweet spot for what they are looking for and they are all opportunities for us to be
able to expand that attachment rate to get it up to 50% to 60% across the board. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Alex Rygiel </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thank you. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The next question comes from Phil Ng of Jefferies. Please go ahead. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Phil Ng </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Hey guys, congrats on a strong quarter, and
Brenda, I am looking forward to working with you going forward. So, Bryan, <FONT STYLE="white-space:nowrap">sell-out</FONT> was obviously quite impressive in a pretty tough backdrop in R&amp;R. A few building products companies have talked about
maybe flat to down low single-digit R&amp;R for 2024. So, assuming that&#146;s the right backdrop. Do you expect to grow on that environment? And I know, at your Investor Day, you guided low double-digit organic growth. Is that something that&#146;s
achievable in this current environment? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Yes, I think next year growth is absolutely in the cards for Trex. I will go back to my comments around the brands continue to bring consumers in. We also
operate in a segment that when consumers do tend to pull back, our consumers tend to be a little bit higher income and they don&#146;t pull back quite as hard. So, we feel good about where we stand in the market. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Trex Company, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Monday, October 30, 2023, 5:00 PM Eastern </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">
 11
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Phil Ng </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay. That&#146;s helpful. And then the attachment rate on railing, you&#146;ve talked about it at length at your Investor Day and you called it out in your
outlook as well today. Do you have any wins that you want to call out that could be substantial? And how are you approaching trying to capture share in this business differently than years past? Is it a product rollout? And when we think about wins
here, does it have any material impact on your incremental margins, mix and all that good stuff? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I think it&#146;s fair to say when you&#146;ve listened to us talk over the past four years or so, we&#146;ve talked about decking. And so, you have heard a
little bit of a shift it is not as if we are moving away from decking, but we want the market to understand there is a real opportunity for Trex in railing. There will be more resources from an R&amp;D perspective as well as focus from our sales
team of how we go about ensuring that we are getting our fair share in the market. And a great example is the launch of a <FONT STYLE="white-space:nowrap">T-Rail</FONT> system. There are a lot of people that installed the <FONT
STYLE="white-space:nowrap">low-cost</FONT> vinyl railing systems in the marketplace. We put a product out there. We&#146;ve had a couple nice wins where we&#146;ve been able to take competitor product off the shelves and they brought Trex in, they
have bundled it in with the rest of the program, and we continue to see great opportunity to do that with <FONT STYLE="white-space:nowrap">T-Rail</FONT> but also other railing profiles that we are not playing in today. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Phil Ng </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Any impact on margins and incrementals? </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We focus on continually improving our
margins on an ongoing basis. Some of our products have higher, some have a little bit lower along the way, but we are looking for overall continuous improvement. I wouldn&#146;t expect to see a significant change just because of additional focus on
railing. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Phil Ng </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay. Thank you. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thanks. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The next question comes from Stanley Elliott of
Stifel. Please go ahead. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Stanley Elliott </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Hey
everybody, thank you all for the question. Bryan, you mentioned the cost environment. You are not really moving one way or the other. Is that more a function of just what you&#146;re seeing in the macro? You&#146;ve spent a lot of energy on moving
down the stream on recycling. I&#146;m just curious kind of what sort of breakdown would be from the process improvement versus just overall commodity prices? </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Trex Company, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Monday, October 30, 2023, 5:00 PM Eastern </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">
 12
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">One of our strategies is to have ongoing continuous improvement programs that can offset a, let&#146;s call it, normal amount of inflation over the course of
the year and generate improvement from our overall EBITDA margin perspective. So, let&#146;s say we get back to a normal environment. We&#146;re back down to a 2% type inflation rate. I would expect that we can continually offset that with
continuous improvement. Really, the only thing that we&#146;ve seen, I would say, over the last quarter, of course, fuel prices, diesel has gone up and then electric prices out in the Western footprint continue to go up. But again, those are not
that significant compared to the type of inflation that we saw the prior two years, where we really had to take pricing to cover it. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Stanley Elliott
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">And then, in terms of some of the new product launches you&#146;ve got slated for next year, you mentioned a reference. Should we expect those to be
more in the decking category, more in some of the adjacent categories that you guys had touched on at the recent Analyst Day? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Stay tuned on that. There will be some news forthcoming later on in the quarter. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Stanley Elliott </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Very good. Alright. Thanks so much. Best
of luck. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thanks Stanley. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The next question comes from Tim Wojs of Baird.
Please go ahead. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Tim Wojs </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Hey, guys. Good
afternoon, nice job. Maybe just on sell-through, the <FONT STYLE="white-space:nowrap">mid-single-digit</FONT> that you talked about. Was there any kind of variance between the different types of channels that you service? </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I would say the <FONT
STYLE="white-space:nowrap">pro-channel.</FONT> And when I say pro, anybody selling to a contractor. So, our pro channel sells to contractors, but our DIY big boxes also sell to those pro customers. That tended to be somewhat stronger than the pure
DIY customer during the third quarter. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Tim Wojs </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay, good. And then just on the winter buy. One, is there any change to that $60&nbsp;million shift that you talked about last quarter from Q4 to Q1? And did
you make any structural changes to the winter buy program at all? Or is it really just a one less month than what you&#146;ve had before? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan
Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">That&#146;s probably the biggest difference is it&#146;s one less month. Otherwise, the program is relatively similar. We do make some
adjustments based off of feedback that we get from our channel partners each year and things that we specifically want to focus on. But otherwise, it&#146;s not too far off what we&#146;ve done in the past. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Tim Wojs </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay, good. Well, good luck on the rest of the
year. Thanks. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thanks, Tim. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Trex Company, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Monday, October 30, 2023, 5:00 PM Eastern </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">
 13
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The next question comes from Rafe Jadrosich of Bank of America. Please go ahead. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Rafe Jadrosich </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Hi, good afternoon. Thanks for taking my
question. Bryan, on the 4Q marketing investments, would you be able to just quantify it a little bit for us? Like should we be thinking about SG&amp;A dollars maybe flattish quarter-over-quarter? And is any of that a pull forward of investments?
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I don&#146;t expect it will be
flattish. You can back into it with the SG&amp;A guidance where we talked about 15% to 16% but being at the higher end of that part of the guidance and back into a number for the fourth quarter. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Rafe Jadrosich </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay. And then, there&#146;s been a big <FONT
STYLE="white-space:nowrap">step-up</FONT> on SG&amp;A this year. It seems like it&#146;s been effective in driving the demand and sell-through. How do we think about the level of spend that&#146;s appropriate going forward? And as we go into next
year, do you think the 2023 <FONT STYLE="white-space:nowrap">run-rate</FONT> is the right level? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I think we&#146;ll continue to leverage SG&amp;A. We&#146;ve talked about that before as one of the driving opportunities for our EBITDA improvement overtime.
I don&#146;t see that we&#146;re going to be looking at 40 to 50 basis-point annual improvement, but that 20 to 30 type level, absolutely. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Rafe
Jadrosich </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Got it, okay. And then just one more quick one. Would you be able to talk about the sellout trends that now that railing is becoming a
bigger part of your business and you&#146;re focusing more there? How did the decking sellout trend versus railing? Did one outperform the other or both of them in that <FONT STYLE="white-space:nowrap">mid-single-digit</FONT> range? </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Both of them were in that range. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Rafe Jadrosich </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Great, thank you. Very helpful. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The next question comes from Michael Rehaut of
JP Morgan. Please go ahead. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Michael Rehaut </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Hi, good
afternoon. Thanks for taking my questions. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Hi, Michael. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Michael Rehaut </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Hey, so first, I just wanted to make sure I heard you correctly from before in terms of 4Q into 1Q. It looks like from 2015 to 2019, there was a seasonal move
of about $40 (million) to $50&nbsp;million of higher sales in 1Q versus 4Q. Are you saying that we should expect it to be a little greater than that due to that month shift maybe by another $15 (million) or $20 million? Is that the right way to
think about it? Just want to make sure I was understanding you correctly. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Trex Company, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Monday, October 30, 2023, 5:00 PM Eastern </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">
 14
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I think the more important part is we&#146;re a bigger company today from those years that you&#146;re looking at. So, yes, the number would be higher. But the
model really hasn&#146;t changed where it&#146;s extremely important that that inventory gets <FONT STYLE="white-space:nowrap">pre-staged</FONT> in the marketplace before the season really turns on during the peak seasonal months. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Michael Rehaut </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay, got it. No, thank you. And just
secondly, talking about the attachment rates for railing and the opportunity there. And obviously, you also have some additional capacity that you&#146;ve turned on over the last couple of years. Is there any way to think about whatever the market
baseline would be in 2024? What do you think those additional opportunities, either from ramping up your sales efforts on the railing side or just pursuing additional opportunities through your additional capacity to build your channel or other
channels, any way to think about what the growth opportunity might be above the market next year? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We&#146;ll talk more about next year as we get into the end of the year call. But I think when you look at over the longer term, inclusive of the five-year
target from our Investor Day of a 12% top line and growing our EBITDA margin by 500 basis points through 2028, that&#146;s inclusive of that railing and decking growth. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Michael Rehaut </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay, thank you. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thanks. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The next question comes from Kurt Yinger of
D.A. Davidson. Please go ahead. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Kurt Yinger </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Great.
Thanks, and good afternoon, Bryan. Just wanted to start off on sell-through. When you talk about the <FONT STYLE="white-space:nowrap">mid-single-digit</FONT> growth, is that based on sales out of <FONT STYLE="white-space:nowrap">two-step</FONT> or
more reflective of point of sale at the dealers and retailers themselves? And then as we think about the full-year guide of $1.09&nbsp;billion in sales, we think about some of the sales being pushed into Q1 of next year, is a realistic full year
sell-through number in that $1.15&nbsp;billion in sales? Is that a reasonable starting point as we start thinking about 2024? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We&#146;ll talk more about &#145;24 on the next call. Related to the sell-through specifically, it was really consistent, I would say, between the low
single-digit and <FONT STYLE="white-space:nowrap">mid-single</FONT> level. So not necessarily at the Trex side, that takes out any movements that you would have in inventory. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Kurt Yinger </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay. Got it. And then this last quarter,
one of the more notable shifts that we heard on the contractor side was just a thinning of project backlogs and in some cases, those being below normal at this stage. Is that a theme you&#146;ve heard at all out of your contractor network? And how
does that maybe impact your view around underlying demand trends going forward? </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Trex Company, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Monday, October 30, 2023, 5:00 PM Eastern </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">
 15
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">What we&#146;re hearing is there&#146;s some thinning for some of the smaller projects that are out there. But the bigger projects, there continues to be a
good backlog and a quite robust demand for those larger product projects. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Kurt Yinger </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay. Thanks for the color. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thanks. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The next question comes from Reuben Garner of The Benchmark Company. Please go ahead. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Reuben Garner </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thank you. Good evening, everybody. Bryan,
did I hear you mention increasing capacity in the near term? If so, how are you going about doing that? Did you quantify how much? And is there any near-term investment or impact on margins from doing that? </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">No. Remember, we pulled back our
capacity quite significantly last July. So, this is just bringing back on some of that capacity. And I would expect the fourth quarter just to be marginally higher than where we were in the third quarter. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Reuben Garner </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay. Great. And then the railing
initiatives, is there any potential or opportunity that there might be an inventory build situation next year where some of your customers ramp the amount of product that they carry or keep on hand as you guys build that out or is that not baked, I
assume, into that $60 (million) to $80&nbsp;million number that you talked about. I assume that would be separate. Is that a sizable opportunity or it&#146;s something probably not as material? </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I think what you&#146;re asking is there
a onetime <FONT STYLE="white-space:nowrap">in-fill</FONT> related to it? Clearly, as we end up with new products, there are going to be onetime <FONT STYLE="white-space:nowrap">in-fills.</FONT> These <FONT STYLE="white-space:nowrap">in-fills</FONT>
are not nearly to the same degree as, for example, when we launched Trex Enhance<SUP STYLE="font-size:75%; vertical-align:top">&reg;</SUP> back in 2019, and we had, I think it was, five or six different colors and a bunch of different lengths. We
had the Basics, we had the Enhance product. It was a material <FONT STYLE="white-space:nowrap">in-fill.</FONT> So, the railing piece will be part of our normal early buy. And there will be some level of
<FONT STYLE="white-space:nowrap">in-fill,</FONT> but it&#146;s not going to drive the growth on its own. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Reuben Garner </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Perfect. Thanks, congrats on the strong results. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan
Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thanks. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The next question comes from Steven Ramsey of Thompson Research Group. Please go ahead. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Steven Ramsey </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Good evening. Just a quick question to
clarify first. Did pro outpace DIY? You said that. Was DIY a drag or was pro just meaningfully better but both positive? </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Trex Company, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Monday, October 30, 2023, 5:00 PM Eastern </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">
 16
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Well, what I&#146;m trying to make sure that we clarify is both Home Depot and Lowe&#146;s, both sell to the
<FONT STYLE="white-space:nowrap">pro-contractor.</FONT> So, if I bifurcate my pro and my folks, they may be buying from any part of the channel and they&#146;re doing it themselves, that part of it was weaker. Anybody that&#146;s selling to the pro
channel continued to be somewhat stronger and drove more of the growth. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Steven Ramsey </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay. Helpful. And then getting into the nuance of higher SG&amp;A spending at the high end still on a percentage of sales, but a higher dollar amount as well.
Is there a way to think <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">like-for-like</FONT></FONT> spending on higher SG&amp;A spend on decking versus how much of that is related to driving demand in the ancillary products like
railing? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We&#146;ve not tried to
split that out. We have continued to focus on our branding effort to make sure we&#146;re doing everything that we can to bring those customers in the door to buy a Trex product, especially while the weather continues to hold up here at the end of
the season. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Steven Ramsey </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">That&#146;s helpful.
Thank you. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thanks. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The next question comes from Matthew Bouley of
Barclays. Please go ahead. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Matthew Bouley </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Hey, good
evening, guys. Thanks for taking the question. So, on the fourth quarter margin guide, I think even with SG&amp;A getting to the high end of your full year guide, it still implies that step down in gross margin in the fourth quarter. I think you
said earlier that the timing of some of your production economics is going to play into it. But my question is, was the production in Q3 enough to take your gross margins down to that degree in Q4? Is there anything else hitting the gross margin in
the fourth quarter or are you just building in conservatism there? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">It&#146;s primarily related to the production economics. So, the revenue is significantly lower than it is in Q3. Not all of the costs that go through
manufacturing end up getting put into inventory. You saw that impact last year in the fourth quarter. And so, that&#146;s just a continued part of the impact from the way the costs flow through the balance sheet and inventory. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Matthew Bouley </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Perfect. Got it. Okay. And second one, on
the last comment, that sort of true retail DIY was a tad weaker. How do you read into that? Historically, have you seen that DIY lead pro or perhaps not? Is it just different types of consumers? My question is really what do you make of that, Bryan?
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Trex Company, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Monday, October 30, 2023, 5:00 PM Eastern </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">
 17
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I think at the lower cost decking side of things, it has probably more of an impact in the short term. But everything that I&#146;m seeing is that the consumer
that&#146;s looking to do the larger projects and using the <FONT STYLE="white-space:nowrap">higher-end</FONT> material is absolutely there. We talked about the tailwinds from higher interest rates preventing people to move up, and we&#146;re
hearing that as a continued story line coming back from our contractors as well as our dealer body. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Matthew Bouley </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thanks Bryan. Good luck. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thank you. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This concludes our <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">question-and-answer</FONT></FONT> session. I would like to turn the
conference back over to Bryan Fairbanks for any closing remarks. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>CONCLUSION </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bryan Fairbanks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thanks for everybody&#146;s participation
today and your support of the Trex Company and our growth objectives. We look forward to speaking with many of you in the coming weeks. Good evening. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The conference has now concluded. Thank you for
attending today&#146;s presentation, and you may now disconnect. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Trex Company, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Monday, October 30, 2023, 5:00 PM Eastern </P>

</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>3
<FILENAME>trex-20231030.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
<!-- DFIN - https://www.dfinsolutions.com/ -->
<!-- CTU Version: Release master Build:20221108.6 -->
<!-- Creation date: 11/8/2023 8:08:47 PM Eastern Time -->
<!-- Copyright (c) 2023 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
<xsd:schema
  xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric"
  xmlns:num="http://www.xbrl.org/dtr/type/numeric"
  xmlns:us-types="http://fasb.org/us-types/2022"
  xmlns:trex="http://trex.com/20231030"
  xmlns:dei="http://xbrl.sec.gov/dei/2022"
  xmlns:xbrli="http://www.xbrl.org/2003/instance"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink"
  xmlns:xbrldt="http://xbrl.org/2005/xbrldt"
  attributeFormDefault="unqualified"
  elementFormDefault="qualified"
  targetNamespace="http://trex.com/20231030"
  xmlns:xsd="http://www.w3.org/2001/XMLSchema">
    <xsd:import schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" namespace="http://www.xbrl.org/2003/instance" />
    <xsd:import schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" namespace="http://www.xbrl.org/2003/linkbase" />
    <xsd:import schemaLocation="https://xbrl.sec.gov/dei/2022/dei-2022.xsd" namespace="http://xbrl.sec.gov/dei/2022" />
    <xsd:import schemaLocation="http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd" namespace="http://www.xbrl.org/dtr/type/numeric" />
    <xsd:import schemaLocation="http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd" namespace="http://www.xbrl.org/dtr/type/non-numeric" />
    <xsd:import schemaLocation="https://xbrl.sec.gov/naics/2022/naics-2022.xsd" namespace="http://xbrl.sec.gov/naics/2022" />
    <xsd:import schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd" namespace="http://xbrl.org/2005/xbrldt" />
  <xsd:annotation>
    <xsd:appinfo>
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="trex-20231030_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:title="Label Links, all" xlink:type="simple" />
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="trex-20231030_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:title="Presentation Links, all" xlink:type="simple" />
      <link:roleType roleURI="http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation" id="Role_DocumentDocumentAndEntityInformation">
        <link:definition>100000 - Document - Document and Entity Information</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
    </xsd:appinfo>
  </xsd:annotation>
</xsd:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>4
<FILENAME>trex-20231030_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii" standalone="yes"?>
<!-- DFIN - https://www.dfinsolutions.com/ -->
<!-- CTU Version: Release master Build:20221108.6 -->
<!-- Creation date: 11/8/2023 8:08:47 PM Eastern Time -->
<!-- Copyright (c) 2023 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
<link:linkbase
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink"
  xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
  xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CoverAbstract" xlink:type="locator" xlink:label="dei_CoverAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CoverAbstract" xlink:to="dei_CoverAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_CoverAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Cover [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_CoverAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cover [Abstract]</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityRegistrantName" xlink:type="locator" xlink:label="dei_EntityRegistrantName" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityRegistrantName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Registrant Name</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityRegistrantName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Registrant Name</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AmendmentFlag" xlink:type="locator" xlink:label="dei_AmendmentFlag" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_AmendmentFlag_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Amendment Flag</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_AmendmentFlag_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amendment Flag</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCentralIndexKey" xlink:type="locator" xlink:label="dei_EntityCentralIndexKey" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Central Index Key</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Central Index Key</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentType" xlink:type="locator" xlink:label="dei_DocumentType" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_DocumentType_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document Type</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_DocumentType_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Type</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentPeriodEndDate" xlink:type="locator" xlink:label="dei_DocumentPeriodEndDate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document Period End Date</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Period End Date</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityIncorporationStateCountryCode" xlink:type="locator" xlink:label="dei_EntityIncorporationStateCountryCode" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Incorporation State Country Code</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Incorporation State Country Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityFileNumber" xlink:type="locator" xlink:label="dei_EntityFileNumber" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityFileNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity File Number</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityFileNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity File Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityTaxIdentificationNumber" xlink:type="locator" xlink:label="dei_EntityTaxIdentificationNumber" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Tax Identification Number</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Tax Identification Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine1" xlink:type="locator" xlink:label="dei_EntityAddressAddressLine1" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Address Line One</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, Address Line One</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressCityOrTown" xlink:type="locator" xlink:label="dei_EntityAddressCityOrTown" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, City or Town</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, City or Town</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressStateOrProvince" xlink:type="locator" xlink:label="dei_EntityAddressStateOrProvince" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, State or Province</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, State or Province</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressPostalZipCode" xlink:type="locator" xlink:label="dei_EntityAddressPostalZipCode" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Postal Zip Code</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, Postal Zip Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CityAreaCode" xlink:type="locator" xlink:label="dei_CityAreaCode" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_CityAreaCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">City Area Code</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_CityAreaCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">City Area Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_LocalPhoneNumber" xlink:type="locator" xlink:label="dei_LocalPhoneNumber" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_LocalPhoneNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Local Phone Number</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_LocalPhoneNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Local Phone Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_Security12bTitle" xlink:type="locator" xlink:label="dei_Security12bTitle" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_Security12bTitle_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Security 12b Title</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_Security12bTitle_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Security 12b Title</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_TradingSymbol" xlink:type="locator" xlink:label="dei_TradingSymbol" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_TradingSymbol_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Trading Symbol</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_TradingSymbol_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Trading Symbol</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SecurityExchangeName" xlink:type="locator" xlink:label="dei_SecurityExchangeName" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_SecurityExchangeName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Security Exchange Name</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_SecurityExchangeName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Security Exchange Name</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_WrittenCommunications" xlink:type="locator" xlink:label="dei_WrittenCommunications" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_WrittenCommunications_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Written Communications</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_WrittenCommunications_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Written Communications</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SolicitingMaterial" xlink:type="locator" xlink:label="dei_SolicitingMaterial" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_SolicitingMaterial_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Soliciting Material</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_SolicitingMaterial_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Soliciting Material</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementTenderOffer" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Pre Commencement Tender Offer</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Pre Commencement Tender Offer</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementIssuerTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementIssuerTenderOffer" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Pre Commencement Issuer Tender Offer</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Pre Commencement Issuer Tender Offer</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityEmergingGrowthCompany" xlink:type="locator" xlink:label="dei_EntityEmergingGrowthCompany" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Emerging Growth Company</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Emerging Growth Company</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AmendmentDescription" xlink:type="locator" xlink:label="dei_AmendmentDescription" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentDescription" xlink:to="dei_AmendmentDescription_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_AmendmentDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Amendment Description</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_AmendmentDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amendment Description</link:label>
  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>5
<FILENAME>trex-20231030_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii" standalone="yes"?>
<!-- DFIN - https://www.dfinsolutions.com/ -->
<!-- CTU Version: Release master Build:20221108.6 -->
<!-- Creation date: 11/8/2023 8:08:47 PM Eastern Time -->
<!-- Copyright (c) 2023 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
<link:linkbase
    xmlns:link="http://www.xbrl.org/2003/linkbase"
    xmlns:xlink="http://www.w3.org/1999/xlink"
    xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
    xmlns:xbrldt="http://xbrl.org/2005/xbrldt"
    xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation" xlink:href="trex-20231030.xsd#Role_DocumentDocumentAndEntityInformation" xlink:type="simple" />
  <link:presentationLink xlink:type="extended" xlink:role="http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation">
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CoverAbstract" xlink:type="locator" xlink:label="dei_CoverAbstract" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityRegistrantName" xlink:type="locator" xlink:label="dei_EntityRegistrantName" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityRegistrantName" order="22.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AmendmentFlag" xlink:type="locator" xlink:label="dei_AmendmentFlag" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_AmendmentFlag" order="23.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCentralIndexKey" xlink:type="locator" xlink:label="dei_EntityCentralIndexKey" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityCentralIndexKey" order="24.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentType" xlink:type="locator" xlink:label="dei_DocumentType" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_DocumentType" order="26.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentPeriodEndDate" xlink:type="locator" xlink:label="dei_DocumentPeriodEndDate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_DocumentPeriodEndDate" order="27.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityIncorporationStateCountryCode" xlink:type="locator" xlink:label="dei_EntityIncorporationStateCountryCode" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityIncorporationStateCountryCode" order="28.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityFileNumber" xlink:type="locator" xlink:label="dei_EntityFileNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityFileNumber" order="29.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityTaxIdentificationNumber" xlink:type="locator" xlink:label="dei_EntityTaxIdentificationNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityTaxIdentificationNumber" order="30.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine1" xlink:type="locator" xlink:label="dei_EntityAddressAddressLine1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityAddressAddressLine1" order="31.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressCityOrTown" xlink:type="locator" xlink:label="dei_EntityAddressCityOrTown" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityAddressCityOrTown" order="32.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressStateOrProvince" xlink:type="locator" xlink:label="dei_EntityAddressStateOrProvince" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityAddressStateOrProvince" order="33.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressPostalZipCode" xlink:type="locator" xlink:label="dei_EntityAddressPostalZipCode" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityAddressPostalZipCode" order="34.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CityAreaCode" xlink:type="locator" xlink:label="dei_CityAreaCode" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_CityAreaCode" order="35.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_LocalPhoneNumber" xlink:type="locator" xlink:label="dei_LocalPhoneNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_LocalPhoneNumber" order="36.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_Security12bTitle" xlink:type="locator" xlink:label="dei_Security12bTitle" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_Security12bTitle" order="37.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_TradingSymbol" xlink:type="locator" xlink:label="dei_TradingSymbol" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_TradingSymbol" order="38.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SecurityExchangeName" xlink:type="locator" xlink:label="dei_SecurityExchangeName" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_SecurityExchangeName" order="39.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_WrittenCommunications" xlink:type="locator" xlink:label="dei_WrittenCommunications" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_WrittenCommunications" order="40.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SolicitingMaterial" xlink:type="locator" xlink:label="dei_SolicitingMaterial" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_SolicitingMaterial" order="41.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementTenderOffer" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_PreCommencementTenderOffer" order="42.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementIssuerTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementIssuerTenderOffer" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_PreCommencementIssuerTenderOffer" order="43.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityEmergingGrowthCompany" xlink:type="locator" xlink:label="dei_EntityEmergingGrowthCompany" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityEmergingGrowthCompany" order="44.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AmendmentDescription" xlink:type="locator" xlink:label="dei_AmendmentDescription" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_AmendmentDescription" order="45.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>6
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.23.3</span><table class="report" border="0" cellspacing="2" id="idm140539731066320">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Document and Entity Information<br></strong></div></th>
<th class="th"><div>Oct. 30, 2023</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">TREX CO INC<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">true<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001069878<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K/A<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Oct. 30,  2023<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation State Country Code</a></td>
<td class="text">DE<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-14649<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">54-1910453<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">2500 Trex Way<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Winchester<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">VA<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">22601<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">(540)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">542-6300<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Security 12b Title</a></td>
<td class="text">Common stock<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">TREX<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre Commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre Commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentDescription', window );">Amendment Description</a></td>
<td class="text">This Amendment No. 1 to Trex Company, Inc.&#8217;s Current Report on Form 8-K is furnished to include a transcript of the earnings conference call held on October&#160;30, 2023.<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentDescription">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Description of changes contained within amended document.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentDescription</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>7
<FILENAME>d592456d8ka_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:dei="http://xbrl.sec.gov/dei/2022"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="trex-20231030.xsd" xlink:type="simple"/>
    <context id="duration_2023-10-30_to_2023-10-30">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001069878</identifier>
        </entity>
        <period>
            <startDate>2023-10-30</startDate>
            <endDate>2023-10-30</endDate>
        </period>
    </context>
    <dei:EntityRegistrantName
      contextRef="duration_2023-10-30_to_2023-10-30"
      id="Hidden_dei_EntityRegistrantName">TREX CO INC</dei:EntityRegistrantName>
    <dei:AmendmentFlag contextRef="duration_2023-10-30_to_2023-10-30">true</dei:AmendmentFlag>
    <dei:EntityCentralIndexKey
      contextRef="duration_2023-10-30_to_2023-10-30"
      id="Hidden_dei_EntityCentralIndexKey">0001069878</dei:EntityCentralIndexKey>
    <dei:DocumentType contextRef="duration_2023-10-30_to_2023-10-30">8-K/A</dei:DocumentType>
    <dei:DocumentPeriodEndDate contextRef="duration_2023-10-30_to_2023-10-30">2023-10-30</dei:DocumentPeriodEndDate>
    <dei:EntityIncorporationStateCountryCode contextRef="duration_2023-10-30_to_2023-10-30">DE</dei:EntityIncorporationStateCountryCode>
    <dei:EntityFileNumber contextRef="duration_2023-10-30_to_2023-10-30">001-14649</dei:EntityFileNumber>
    <dei:EntityTaxIdentificationNumber contextRef="duration_2023-10-30_to_2023-10-30">54-1910453</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1 contextRef="duration_2023-10-30_to_2023-10-30">2500 Trex Way</dei:EntityAddressAddressLine1>
    <dei:EntityAddressCityOrTown contextRef="duration_2023-10-30_to_2023-10-30">Winchester</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince contextRef="duration_2023-10-30_to_2023-10-30">VA</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode contextRef="duration_2023-10-30_to_2023-10-30">22601</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode contextRef="duration_2023-10-30_to_2023-10-30">(540)</dei:CityAreaCode>
    <dei:LocalPhoneNumber contextRef="duration_2023-10-30_to_2023-10-30">542-6300</dei:LocalPhoneNumber>
    <dei:Security12bTitle contextRef="duration_2023-10-30_to_2023-10-30">Common stock</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="duration_2023-10-30_to_2023-10-30">TREX</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="duration_2023-10-30_to_2023-10-30">NYSE</dei:SecurityExchangeName>
    <dei:WrittenCommunications contextRef="duration_2023-10-30_to_2023-10-30">false</dei:WrittenCommunications>
    <dei:SolicitingMaterial contextRef="duration_2023-10-30_to_2023-10-30">false</dei:SolicitingMaterial>
    <dei:PreCommencementTenderOffer contextRef="duration_2023-10-30_to_2023-10-30">false</dei:PreCommencementTenderOffer>
    <dei:PreCommencementIssuerTenderOffer contextRef="duration_2023-10-30_to_2023-10-30">false</dei:PreCommencementIssuerTenderOffer>
    <dei:EntityEmergingGrowthCompany contextRef="duration_2023-10-30_to_2023-10-30">false</dei:EntityEmergingGrowthCompany>
    <dei:AmendmentDescription contextRef="duration_2023-10-30_to_2023-10-30">This Amendment No. 1 to Trex Company, Inc.&#x2019;s Current Report on Form 8-K is furnished to include a transcript of the earnings conference call held on October&#160;30, 2023.</dei:AmendmentDescription>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>8
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xlsx
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M4$L! A0#%     @ N5%H5^R8DMSN    *P(  !$              ( !KP
M &1O8U!R;W!S+V-O<F4N>&UL4$L! A0#%     @ N5%H5YE<G",0!@  G"<
M !,              ( !S $  'AL+W1H96UE+W1H96UE,2YX;6Q02P$"% ,4
M    " "Y46A7!AL=2[ $  "C$0  &               @($-"   >&PO=V]R
M:W-H965T<R]S:&5E=#$N>&UL4$L! A0#%     @ N5%H5Y^@&_"Q @  X@P
M  T              ( !\PP  'AL+W-T>6QE<RYX;6Q02P$"% ,4    " "Y
M46A7EXJ[',     3 @  "P              @ '/#P  7W)E;',O+G)E;'-0
M2P$"% ,4    " "Y46A7'#AEZC\!   \ @  #P              @ &X$
M>&PO=V]R:V)O;VLN>&UL4$L! A0#%     @ N5%H5R0>FZ*M    ^ $  !H
M             ( !)!(  'AL+U]R96QS+W=O<FMB;V]K+GAM;"YR96QS4$L!
M A0#%     @ N5%H5V60>9(9 0  SP,  !,              ( !"1,  %M#
G;VYT96YT7U1Y<&5S72YX;6Q02P4&      D "0 ^ @  4Q0

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>9
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>10
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
..report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

..report .nump {
	padding-left: 2em;
}

..report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
..report .text {
	text-align: left;
	white-space: normal;
}

..report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

..report .text .more {
	display: none;
}

..report .text .note {
	font-style: italic;
	font-weight: bold;
}

..report .text .small {
	width: 10em;
}

..report sup {
	font-style: italic;
}

..report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>11
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.23.3</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>1</ContextCount>
  <ElementCount>23</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>0</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>0</UnitCount>
  <MyReports>
    <Report instance="d592456d8ka.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>100000 - Document - Document and Entity Information</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation</Role>
      <ShortName>Document and Entity Information</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File doctype="8-K/A" isOnlyDei="true" original="d592456d8ka.htm">d592456d8ka.htm</File>
    <File>trex-20231030.xsd</File>
    <File>trex-20231030_lab.xml</File>
    <File>trex-20231030_pre.xml</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy items="23">http://xbrl.sec.gov/dei/2022</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>false</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>14
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "version": "2.2",
 "instance": {
  "d592456d8ka.htm": {
   "nsprefix": "trex",
   "nsuri": "http://trex.com/20231030",
   "dts": {
    "inline": {
     "local": [
      "d592456d8ka.htm"
     ]
    },
    "schema": {
     "local": [
      "trex-20231030.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd",
      "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd",
      "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd",
      "https://xbrl.sec.gov/dei/2022/dei-2022.xsd",
      "https://xbrl.sec.gov/naics/2022/naics-2022.xsd"
     ]
    },
    "labelLink": {
     "local": [
      "trex-20231030_lab.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "trex-20231030_pre.xml"
     ]
    }
   },
   "keyStandard": 23,
   "keyCustom": 0,
   "axisStandard": 0,
   "axisCustom": 0,
   "memberStandard": 0,
   "memberCustom": 0,
   "hidden": {
    "total": 3,
    "http://xbrl.sec.gov/dei/2022": 3
   },
   "contextCount": 1,
   "entityCount": 1,
   "segmentCount": 0,
   "elementCount": 24,
   "unitCount": 0,
   "baseTaxonomies": {
    "http://xbrl.sec.gov/dei/2022": 23
   },
   "report": {
    "R1": {
     "role": "http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation",
     "longName": "100000 - Document - Document and Entity Information",
     "shortName": "Document and Entity Information",
     "isDefault": "true",
     "groupType": "document",
     "subGroupType": "",
     "menuCat": "Cover",
     "order": "1",
     "firstAnchor": {
      "contextRef": "duration_2023-10-30_to_2023-10-30",
      "name": "dei:DocumentType",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "p",
       "div",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "d592456d8ka.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "duration_2023-10-30_to_2023-10-30",
      "name": "dei:DocumentType",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "p",
       "div",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "d592456d8ka.htm",
      "first": true,
      "unique": true
     }
    }
   },
   "tag": {
    "dei_SecurityExchangeName": {
     "xbrltype": "edgarExchangeCodeItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "localname": "SecurityExchangeName",
     "presentation": [
      "http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Security Exchange Name",
        "terseLabel": "Security Exchange Name",
        "documentation": "Name of the Exchange on which a security is registered."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_EntityAddressAddressLine1": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "localname": "EntityAddressAddressLine1",
     "presentation": [
      "http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, Address Line One",
        "terseLabel": "Entity Address, Address Line One",
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityFileNumber": {
     "xbrltype": "fileNumberItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "localname": "EntityFileNumber",
     "presentation": [
      "http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity File Number",
        "terseLabel": "Entity File Number",
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen."
       }
      }
     },
     "auth_ref": []
    },
    "dei_LocalPhoneNumber": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "localname": "LocalPhoneNumber",
     "presentation": [
      "http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Local Phone Number",
        "terseLabel": "Local Phone Number",
        "documentation": "Local phone number for entity."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityIncorporationStateCountryCode": {
     "xbrltype": "edgarStateCountryItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "localname": "EntityIncorporationStateCountryCode",
     "presentation": [
      "http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Incorporation State Country Code",
        "terseLabel": "Entity Incorporation State Country Code",
        "documentation": "Two-character EDGAR code representing the state or country of incorporation."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentPeriodEndDate": {
     "xbrltype": "dateItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "localname": "DocumentPeriodEndDate",
     "presentation": [
      "http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Period End Date",
        "terseLabel": "Document Period End Date",
        "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD."
       }
      }
     },
     "auth_ref": []
    },
    "dei_TradingSymbol": {
     "xbrltype": "tradingSymbolItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "localname": "TradingSymbol",
     "presentation": [
      "http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Trading Symbol",
        "terseLabel": "Trading Symbol",
        "documentation": "Trading symbol of an instrument as listed on an exchange."
       }
      }
     },
     "auth_ref": []
    },
    "dei_CoverAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "localname": "CoverAbstract",
     "lang": {
      "en-us": {
       "role": {
        "label": "Cover [Abstract]",
        "terseLabel": "Cover [Abstract]",
        "documentation": "Cover page."
       }
      }
     },
     "auth_ref": []
    },
    "dei_AmendmentFlag": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "localname": "AmendmentFlag",
     "presentation": [
      "http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Amendment Flag",
        "terseLabel": "Amendment Flag",
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressCityOrTown": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "localname": "EntityAddressCityOrTown",
     "presentation": [
      "http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, City or Town",
        "terseLabel": "Entity Address, City or Town",
        "documentation": "Name of the City or Town"
       }
      }
     },
     "auth_ref": []
    },
    "dei_AmendmentDescription": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "localname": "AmendmentDescription",
     "presentation": [
      "http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Amendment Description",
        "terseLabel": "Amendment Description",
        "documentation": "Description of changes contained within amended document."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityTaxIdentificationNumber": {
     "xbrltype": "employerIdItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "localname": "EntityTaxIdentificationNumber",
     "presentation": [
      "http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Tax Identification Number",
        "terseLabel": "Entity Tax Identification Number",
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS."
       }
      }
     },
     "auth_ref": [
      "r1"
     ]
    },
    "dei_EntityEmergingGrowthCompany": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "localname": "EntityEmergingGrowthCompany",
     "presentation": [
      "http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Emerging Growth Company",
        "terseLabel": "Entity Emerging Growth Company",
        "documentation": "Indicate if registrant meets the emerging growth company criteria."
       }
      }
     },
     "auth_ref": [
      "r1"
     ]
    },
    "dei_CityAreaCode": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "localname": "CityAreaCode",
     "presentation": [
      "http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "City Area Code",
        "terseLabel": "City Area Code",
        "documentation": "Area code of city"
       }
      }
     },
     "auth_ref": []
    },
    "dei_Security12bTitle": {
     "xbrltype": "securityTitleItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "localname": "Security12bTitle",
     "presentation": [
      "http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Security 12b Title",
        "terseLabel": "Security 12b Title",
        "documentation": "Title of a 12(b) registered security."
       }
      }
     },
     "auth_ref": [
      "r0"
     ]
    },
    "dei_PreCommencementIssuerTenderOffer": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "localname": "PreCommencementIssuerTenderOffer",
     "presentation": [
      "http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Pre Commencement Issuer Tender Offer",
        "terseLabel": "Pre Commencement Issuer Tender Offer",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r3"
     ]
    },
    "dei_SolicitingMaterial": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "localname": "SolicitingMaterial",
     "presentation": [
      "http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Soliciting Material",
        "terseLabel": "Soliciting Material",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r5"
     ]
    },
    "dei_EntityRegistrantName": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "localname": "EntityRegistrantName",
     "presentation": [
      "http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Registrant Name",
        "terseLabel": "Entity Registrant Name",
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC."
       }
      }
     },
     "auth_ref": [
      "r1"
     ]
    },
    "dei_EntityAddressStateOrProvince": {
     "xbrltype": "stateOrProvinceItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "localname": "EntityAddressStateOrProvince",
     "presentation": [
      "http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, State or Province",
        "terseLabel": "Entity Address, State or Province",
        "documentation": "Name of the state or province."
       }
      }
     },
     "auth_ref": []
    },
    "dei_WrittenCommunications": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "localname": "WrittenCommunications",
     "presentation": [
      "http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Written Communications",
        "terseLabel": "Written Communications",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act."
       }
      }
     },
     "auth_ref": [
      "r6"
     ]
    },
    "dei_DocumentType": {
     "xbrltype": "submissionTypeItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "localname": "DocumentType",
     "presentation": [
      "http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Type",
        "terseLabel": "Document Type",
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityCentralIndexKey": {
     "xbrltype": "centralIndexKeyItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "localname": "EntityCentralIndexKey",
     "presentation": [
      "http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Central Index Key",
        "terseLabel": "Entity Central Index Key",
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK."
       }
      }
     },
     "auth_ref": [
      "r1"
     ]
    },
    "dei_PreCommencementTenderOffer": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "localname": "PreCommencementTenderOffer",
     "presentation": [
      "http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Pre Commencement Tender Offer",
        "terseLabel": "Pre Commencement Tender Offer",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r4"
     ]
    },
    "dei_EntityAddressPostalZipCode": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "localname": "EntityAddressPostalZipCode",
     "presentation": [
      "http://trex.com//20231030/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, Postal Zip Code",
        "terseLabel": "Entity Address, Postal Zip Code",
        "documentation": "Code for the postal or zip code"
       }
      }
     },
     "auth_ref": []
    }
   }
  }
 },
 "std_ref": {
  "r0": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "b"
  },
  "r1": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "b-2"
  },
  "r2": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "d1-1"
  },
  "r3": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "13e",
   "Subsection": "4c"
  },
  "r4": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "14d",
   "Subsection": "2b"
  },
  "r5": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Section": "14a",
   "Number": "240",
   "Subsection": "12"
  },
  "r6": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Number": "230",
   "Section": "425"
  }
 }
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>15
<FILENAME>0001193125-23-273131-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0001193125-23-273131-xbrl.zip
M4$L#!!0    ( +E1:%<+6\PV( \  -IF   /    9#4Y,C0U-F0X:V$N:'1M
M[5WK<]JX%O^^,_L_:.CT#IF)P0:2!O+880EMN6TA _2VNU]VA"V"IL;RRB;
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MA?6#1M2AJ!;&GR$SL_VVF])L[N!I)_0/VXDM\)";_ZXFBVRVRYKS =$(']0
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MKH9^R7D;O<(XB15&<IO=;@0"V-/B1#_6A)K=KHL5K:F<H)&%M3B\][23IS!
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MDBC5Y#['1;):J>R$=(SC4TJCRB;B#CRI'08)U:RD?Z_;M2_NTS..F,S-9.E
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M:K<@P)$42G0IE B-''Y!7>3V[S"Y3\'(+,.RDDUT0XV9+Z%1M$*.O#8.0KQ
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M!\EQ ;_ %:@=<!B0'OT:P!2O?,OM*G-N>M:._#R[6=]#3[[0I:/T:I(D(YF
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MPP\&II<YU)]#1]E<<\TZD0P5ICA'*$DJY]F88UX>I$-_04<&)7D74?TZ?7/
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M<[;S9B9B;7<X%[2FZ!I57?6,76E;S<78ZKO-'K%T/2@C(A0GL*3#EE-TCHC
M]:6.,ULEP18*2SC5+E0*)KC,#BEKA]KX6#6JFCQMGLO5_7**+1 ?9/DR0VD
MZUB%>K@S *C)I>Y]P4:'F +:R;SD<A4R$ES0WJ$,VULNVUB25>J.;J\YQ8>K
M<)5VCA,  C6]QU_KN#,\_B3598ED UZ=QW3YJ;"NF/"M(XN_V:F_&\,^-AR
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M4[(4GJ:\:*I(=_^[DW]WUF/>?5A%#!Z(5%3PD]ZP?] #P@,14CX[Z2V5YZN
MTAZHV.>ASP0G)[TU4;T/[U^_>O>=Y\'9Q>4G\& >QPLU&@P>'Q_[X3WE2K!E
MK"55/Q#1 #POMQ]/OL#O:;@1?":,^(I Y*N82/AU25DX.CPX/!P.#X[[/Q?=
M)/&-'H1^3$8P' Z.!]KP"(Y'!\>CGWZ!VVLX3U0X3&A$BJYBL99T-H_AA^!'
M2)S.!.>$,;*&"\I]'E"?P5V>\1NXY$$?3AF#S\9-Z305D0\D[&>JC/)_1^;'
MU"0/KU\!Z+W(5;+NI&?V1;8K5E/)^D+.=*X'1X/<I??DL=IQ>3Q*'(9OW[X=
M)%N+UHK:;+7X</#G]=5=,">1[^F]KS^M( NCZ$@EZZ]$D.S"&@E"J87YS<O-
M/+/*&QYZ1\/^2H6]]R9@MG?\*6%7>@F2&D92,%(1V&Q.HO<R^WB]T/9D%1,>
MDDSYF[8(,JNY)/>IJF$OD50DZ,_$PR DU !R:!8\LV R_%[_\G4L-.ZG4Q5+
M/X@WXS&SBX3,5R9%G/0L3H/-A(S=J0PVM'P9Y#IZ<4_]F<4@$/IS6\1>HIB[
MWTL16;/(P@G+QJ]LRJQI&I+TDNENPKTO=_MJ386*A4FBQ%)JO)I\M$D][Q-E
M^#O7_N?=X"GV2TE5CQ!%KIKFZX;D.8]IO/Y,9M0$XO$G/R)UR;3[=@1H92&B
MW,8%UW(])&K3 / 4 4P(9W;;R[N(<-/DW4 ^C?2\UO_B"^;/ZA*\Y=01NO;4
MA66C"ZP6(21*ORF#D7:FLX5$BUC6S19CKHYU&.FS2WTDL?J-K)L-UAWG3B=K
M62FBPLA]MEH%<8=K%@*2&*"#((W75E*WS-<&^;LA?2:"I>F;B<Z^+LF;/AT!
M;$U<[&YSP757!XG27!B,LC.:^&D6B:R9*PZ&MT12$9[S\$R?ES?E<<NY8S#M
MI8@*(PQ4+8+8S*8A0,< $P0-WQ92MW)<.W^,@X5+'@BY$#*Y5'(7ZWACL=2S
M?3T68<-SLCU2G1Y(U"M3U'9Q/\BH(8][R+$1$)*(D(4$$Q/I".1_J,MR//+\
MXC":Z((R\FD938ELUC%%OT[;PU* L&]W!W];"Y=RHPZI/!+0V/E:Z*V5- :H
M$W]U&>KO&'I/TXOCSZ&V5*13A/>5)FH8N\-=*8Q+N@X%F[%PN6^U%$L3/*,>
MC)8X#4-=@,K^NZ*<#)NU@U6@TU:H*DGL,71O@5)17/PS_3?Y IA(<,.QCF-:
M*\."_C-J041_K!=OY$0\\F>!7W1_"=A;RK%!_V2&AORV9$O FS @))A N+!C
M%U"%>KTJ$#%/3@INY*T4#Y0'#<]MRS1> O!EA=FHW[)%0]^JVQ+_Z=F=1B>/
MAML$K912U0D-ZD%LAUNA8I_]11?-+_38%5Y"*]B+LC7"AB5:&UA46VJ"-!+H
M4)@7;]HKHZH!:M?B^""4*5 2OPGPFSY=/09E2USL;G-Z"&I'!PG<Y'O>*.-P
MBI_GQ@-0-9-U ]$\F<ANYX(WO&BXZ]<1D*4%"/MV%S#M6DAP)N*0J&-=/&DG
MWR*D39)V _6.!$NI6V)X.)W0F-6>FKM^'8%:6H"P;W<!U:Z%!&HN#EH=$GEG
M4-O)MPAJDZ3=0)U(WSS!?[>.IH+5I73+J2-$[:D+RT87."U"2&1FRI!*.U/9
M0J)%).MFBS,WSU?!7%=+FCS?;/?M>'Y:"Q'E-AAS=%</>Y;F$7">;VXO;^M,
MK9F\&\A_Z% QX6,114N>W951=4DN<>X(Y>I21(61"\P5@D@T9Q%@,X0SS2TF
M7L2Y:?:.<UDP&M!8?P%<^SH+ZM<^5K!Y=C63RXL0919.\[A$#6L:?Y.'7-]]
M%+>4\L8@;I*W&[:WDIC^(!J+Y#%:\XZ@O+F_KW_EH$JA(XQK%"7V6;I@O4\5
M"6\=!HIQ( T$221GT-LNH@C\,RM!1?]2J261[@U@T7D9;5!>H+T9=NP16Z)$
MNZW&2,.UVA\M5539)8W*PKB_=QX1.=-?2Q^E>(SG.I>%SQN^!%8BT>D=ONJR
MQ%Y3]WM\%;)(/9'=&,L#01H)LE!(]_A:+,-RDZ]Q+4@OY)X1%4BZ,*<3==FW
M^W;]>JZMD.VW= LV*"_K[N@A\?WT%FPA MZKN^AIV]_@K<J]N.)*+YD_GY*M
MHND?$=%K_@-02P,$%     @ N5%H5S=CB([.!   ("P  !4   !T<F5X+3(P
M,C,Q,#,P7W!R92YX;6S5FEV/XC84AN]7VO_@IC>MU! "L[LS:-@59696J/.!
M&+:M>K,RR0&L.C:RS0#_OL<!CPB$*4Q'5<P%'XG?X]?G<4SL^/++,N/D"91F
M4K2#N%8/"(A$IDQ,VL%<AU0GC 5$&RI2RJ6 =K "'7SY_/[=Y0]A2*YN>O<D
M)%-C9KH518O%HI:.F="2SPV&U+5$9A$)0U>^._Q&?E]7UR(#X$ UD(QJ XK\
M.F<\;37JC48<U\]K'[=E"JB-1U)JH$7B.#J/L&"3G+?JYZVS3Z1_1Z[S*((,
M60;;4CE;*3:9&O)3\C/)15=2". <5N2&"2H21CEY=(Y_(3V1U$B'<S*P,HTV
M-:@G2&N;J)R)OUOV;63-D_?O"+XPCT+G1]N!S<8F&<N1XC6I)NBVWHR<*-C6
M+/=$BV8NB2\N+J+\;+&\9F6EL8(X^O/N]C&90D9#9(#,DIVJT$UJGM7;YCY$
MZY.NO&8MG4>ZE4F>^B.:10Z6L+]"5RRTA\*X$3;CVE*GP6=;Y3JK2G(8P)C8
MSV^#WG.=1L$R[THY];C>K$>&+J60V2JR9:,KF<PS$,9]=D1Z+0PSJYX82Y7E
M+0A(GLS65,&X'=B0H8MF??PXP$#?3PED5C.\'C3+9AP"$FVU8Z:PSPB3E[[%
M P4!+ V(%%(7QC;@C5OZ>4UQTU5E4FBYNUAS1!J2VD0^12DP6V/#?K%I:>0I
MP1_?NQ+'A\Y(&T434VPZMWU#*G>0TQ'P=E BBM[2T+JY Y@P&UZ8>YK!L;[*
MM45[V_ Z*BE$IBIQ4?%K@=Q^K]^4B&948;PPF>+XYM1C);/25&UJDR_YE2H%
MU0XP)WC1!V2FF%18#(\$9*[1DIQ9\Y3;<S &I2"]72?AH-G<*0Z@&O*2;\RL
M@UTUM=WUAM/)L;!V1-6EM&/4X6EZ@V?=S;K8 D5Y#P>GY6^P.NV:VA-7%]<!
MPP[;F3?8W'_ $--X+*VBIKJ0BCX=FX_>L>D#>L6_Z/0*;UU/A;0CKCZM'<,.
MVR=OL+E[J42JF51Y;A\QQ="5<QPN5EV9GGBO\2^AJHOT*/L.\+EG@&\8A_MY
M-@)U&LUM7=71;7MUG"X\XS2DRUZ*:6!CMIZ&O@;:P2!5)WC0^ 8G3ES]PME)
M4TRRWGS@S!CBTU"6!J@ZQE+3#F'L)\(N?GU00[D0KP*X+?<$W[9E!\^?"7BA
M*?G_^(/J*_G$[!KA:PCNQ? $XYYOQ]*WV?JF/7VI#>5_L=GIMZ;E$3SAN./:
M4?1G\F['DXX">@JWHJ:ZI(H^'9L/WK"Q#SUX?RK%B9.$?5UU&>U[=9S\661Y
MA&1N+<:-T9 9?O1UM*^K+J=]KXZ3/ZLJ0T7M(^7'53:2_%A(.Z+J$MHQZO#X
MLR;BNMCU,IE2,8%3GJB5:ZL+J]RO8^;/^L@?Z,^ Z,HLFXO-\H ^%MH!<76I
M'3"\P7;FSSK(H^0L80:'BSN<ARA&CQX.RY35!5;FUM'R9\FCK\!V.<")8OXL
MRN[;4 _C\?%WA"]%J"Z]EUP[BOZL?>RTIJ?U'-1_9UD2QQNB)=X=5]_60:XS
M4!,<9[XJN3!3;.2,BA/W+AP(45V:+]IV(/U9"GG>/W,%.E%LMK_)[HA-0@5M
M==&5^W7,_H<EDLMH+R>W>,#N;%V?L6]VGR8>^0=02P$"% ,4    " "Y46A7
M"UO,-B /  #:9@  #P              @ $     9#4Y,C0U-F0X:V$N:'1M
M4$L! A0#%     @ N5%H5U=8_G'110  HVL! !$              ( !30\
M &0U.3(T-39D97@Y.3(N:'1M4$L! A0#%     @ N5%H5YU,DM(\ P  - L
M !$              ( !354  '1R97@M,C R,S$P,S N>'-D4$L! A0#%
M  @ N5%H5TVQ\Q>0!@  A48  !4              ( !N%@  '1R97@M,C R
M,S$P,S!?;&%B+GAM;%!+ 0(4 Q0    ( +E1:%<W8XB.S@0  " L   5
M          "  7M?  !T<F5X+3(P,C,Q,#,P7W!R92YX;6Q02P4&      4
,!0!! 0  ?&0

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
