Press Release

WINCHESTER, Va.--(BUSINESS WIRE)--June 18, 2001--Trex Company, Inc. (NYSE: TWP), manufacturer of Trex(R)Easy Care Decking(R), is providing investors with a preliminary revenue and earnings outlook for the second quarter of fiscal 2001.

Subject to finalizing results, the Company estimates that revenues for the second quarter will be in the range of $24 million to $26 million, as compared to last year's second quarter revenues of $36.5 million. If these revised estimates are achieved, revenue for the first half of fiscal 2001 will be in the range of $66 million to $68 million, which is below the company's previous guidance of approximately $81 million. The shortfall is attributed primarily to a significantly slower start to the decking season, as well as various factors that are causing dealers and distributors to reduce inventory levels.

Management believes that both of these factors are temporary conditions, and that sales for June are showing a recovery to more normal levels. Thus, the company expects second half revenue to meet previous guidance of $59 million to $63 million.

Revised net income projections for the second quarter are in the range of $0.01 to $0.02 per share, versus $0.43 per share for the second quarter of 2000. The company's projection for the second half of 2001 remains in a range of $0.60 to $0.65 per share.

Trex Company President Robert Matheny commented, "Although our preliminary results for the second quarter are lower than expected, we believe that the causes of this temporary slowdown are now behind us. In fact, we expect that third and fourth quarter sales will be strong. Homeowners who delayed deck replacements due to poor weather this spring are still expected to install Trex decking this season.

"In addition, our dealers and distributors are reporting significant increases in sales volume. The high inventory levels that they were maintaining while products were under allocation are now down to more normal levels. This is an indication that restocking orders, as experienced in June, will remain at a high level. We are maintaining sufficient factory inventory levels to meet this anticipated demand, as well as the possibility of higher than expected sales that may result from our increased advertising campaign. Our marketing efforts remain focused on establishing the Trex brand as the standard in the $2.5 billion decking market."

Trex Company is the nation's largest manufacturer of non-wood decking, which is marketed under the brand name Trex(R). Trex Wood-Polymer(TM) lumber offers an attractive appearance and the workability of wood without the ongoing need for protective sealants or repairs. Trex decking is manufactured in a proprietary process that combines waste wood fibers and reclaimed polyethylene and is used primarily for residential and commercial decking. The Company sells its products through 87 wholesale distribution locations, which in turn sell Trex decking to approximately 2,900 independent contractor-oriented retailer lumberyards across the United States.

For a Trex decking dealer near you, call 1-800-BUY-TREX (289-8739) or for dealers and product details, visit www.trex.com.

Trex(R)Easy Care Decking(R)and Wood-Polymer(TM)Lumber are trademarks of Trex Company, Inc., Winchester, VA.

The statements in this press release regarding the Company's

expected sales performance and operating results, its anticipated

financial condition and its business strategy constitute

"forward-looking statements" within the meaning of Section 27A of the

Securities Act of 1933 and Section 21E of the Securities Exchange Act

of 1934. These statements are subject to risks and uncertainties that

could cause the Company's actual operating results to differ

materially. Such risks and uncertainties include the extent of market

acceptance of the Company's products, the Company's ability to

increase its manufacturing capacity, the sensitivity of the Company's

business to general economic conditions, and the highly competitive

markets in which the Company operates. The Company's report on Form

10-K filed with the Securities and Exchange Commission on March 28,

2001 discusses some of the important factors that could cause the

Company's actual results to differ materially from those expressed or

implied in these forward-looking statements. The Company undertakes no

obligation to update or revise publicly any forward-looking

statements, whether as a result of new information, future events or

otherwise.

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