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Just caught Trex's Q4 earnings and the numbers are pretty rough. Revenue came in at $161.13M, down 3.9% from $167.63M last year. More concerning though - net earnings dropped hard to $2.30M from $21.83M, so basically a 90% decline year-over-year. EPS fell from $0.20 to $0.02, which is pretty significant. Even their adjusted earnings of $0.04 per share don't look great compared to last year's performance. Trex is clearly facing some real headwinds in their business. The revenue decline combined with that earnings collapse suggests either margin pressure or demand issues in their sector. Worth keeping an eye on how they navigate the rest of 2026.