Trex Company's stock surged 6.51% in pre-market trading following the release of its first-quarter 2026 financial results, which exceeded analyst expectations across key metrics.

The decking manufacturer reported quarterly sales of $343 million, beating the consensus estimate of $340.1 million. More notably, adjusted earnings per share came in at $0.59, significantly higher than the $0.51 analysts had forecast. Adjusted net income of $62.32 million also surpassed the estimated $53.6 million.

Further bolstering investor sentiment, the company's board authorized a $150 million share repurchase program and expanded its existing buyback authorization, signaling confidence in the company's financial health and future prospects. Trex also reaffirmed its full-year 2026 sales guidance, projecting revenue between $1.185 billion and $1.23 billion.