Trex Announces $150M Share Buyback To Be Executed In Q2

Trex Company, Inc.

Trex Company, Inc.

TREX

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During the quarter, the Company authorized significant share repurchase programs including a $100 million ASR program and $50 million of additional discretionary repurchases as part of an existing share repurchase authorization. 

In addition to the execution of its $150 million share repurchase program, the Board of Directors authorized a 10 million share increase to the Company's existing share repurchase program, bringing the total potential shares available for repurchase to approximately 13% of Trex's outstanding shares at the end of the quarter.

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