UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549
______________

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 6, 2008

TREX COMPANY, INC.
(Exact Name of Registrant as Specified in Its Charter)

Delaware	001-14649	54-1910453
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

160 Exeter Drive Winchester, Virginia		22603-8605
(Address of Principal Executive Offices)		(ZIP Code)

Registrant’s telephone number, including area code: (540) 542-6300

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02     Results of Operations and Financial Condition.

On May 6, 2008 Trex Company, Inc. issued a press release announcing financial results for the quarter ended March 31, 2008. A copy of such press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

The information contained in this report on Form 8-K shall not be deemed to be filed for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section.

Item 9.01     Financial Statements and Exhibits

         (d) Trex Company herewith files the following exhibit:

Exhibit		Description of Exhibit
99.1		Press release dated May 6, 2008

SIGNATURE

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.

			TREX COMPANY, INC.
Date:	May 6, 2008		/s/ James E. Cline
			James E. Cline
			Chief Financial Officer

Exhibit 99.1

Trex Company Reports First Quarter 2008 Net Sales of $119.5 Million and EPS of $0.60

No Borrowings Against Revolver; Positive Cash Balance of $1.9 million as of May 5, 2008

WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company, Inc. (NYSE: TWP), manufacturer and distributor of Trex® decking, railing, fencing and trim, today announced financial results for the first quarter ended March 31, 2008.

Net sales for the first quarter of 2008 totaled $119.5 million, compared to net sales of $115.9 million for the first quarter of 2007, representing a 3.1% increase. The Company reported net income for the 2008 first quarter of $8.9 million, or $0.60 per diluted share, compared to net income of $3.7 million, or $0.25 per diluted share, for the 2007 first quarter, representing a 140% increase.

The Company had an effective tax rate of approximately 1% for the first quarter of 2008 as a result of recognizing a decrease in the valuation allowance against the deferred tax asset, which accounted for $0.22 of the increase in earnings per share.

President and Chief Executive Officer Ronald W. Kaplan commented, “Trex’s expanding distribution presence, continued commitment to quality, and the notable power of the Trex brand enabled us to increase sales revenue despite the weakening economy and continued softness in the building materials industry. In addition, our improved gross margin reflects our successful focus on productivity and cost containment initiatives.”

“We managed liquidity well during the 2008 first quarter, ending the period with $22 million of borrowings on our revolving line of credit, which has a maximum borrowing capacity of $70 million during the ‘early buy’ sales season. As of May 6, 2008, we have paid down all borrowings on our revolving line of credit and are carrying a positive cash balance.”

Mr. Kaplan continued, “The first quarter of 2008 represents an excellent first step to our near-term goal of restoring Trex Company’s financial health and providing a competitive return to our shareholders. The measures we took in the first quarter – including rightsizing the Company, recruiting new management, controlling costs and enhancing operating and financial controls – have established a solid foundation for delivering improved financial results.

“We are pleased with the performance of our early buy sales program, which is designed to meet current demand as well as place sufficient product into distribution before the deck-building season moves into high gear. At the same time, given the inclement winter weather in many parts of the U.S., which delayed many outdoor projects, coupled with building material dealers choosing to operate with depressed inventory levels and the uncertain economic outlook, we are cautious regarding second quarter revenue. We are therefore projecting second quarter 2008 revenue to be 23% to 33% below the level attained during the second quarter of 2007, when net sales totaled $118.8 million. We anticipate that the lower effective tax rate realized in the first quarter of 2008 will continue for the remainder of the year. We further expect that the effects of lower sales will be partially mitigated by the enhanced efficiency and cost control we have achieved.”

First Quarter 2008 Conference Call and Webcast Information

Trex will hold a conference call to discuss its 2008 first quarter results on Tuesday, May 6, 2008 at 10:00 a.m. ET. A live webcast of the conference call will be available to all investors in the Investor Relations section of the Trex Company website at www.trex.com. The call will also be simulcast at www.streetevents.com.

For those who cannot listen to the live broadcast, the webcast will be available on Trex’s website for 30 days. A telephone replay of the call will also be available for seven days, beginning at approximately 1:00 p.m. ET on May 6. To listen to the telephone replay, dial 706-645-9291 and enter conference ID #32443266.

About Trex Company

Trex Company is the nation’s largest manufacturer of composite decking, railing and fencing, with over 15 years of product experience. Built on “green” principles and values, Trex makes its products from a unique formulation of reclaimed wood and waste plastic, combined through a proprietary process. Trex decking, railing and fencing offer significant design flexibility with fewer ongoing maintenance requirements than wood, as well as a truly environmentally responsible choice. In addition, Trex distributes ultra-low maintenance PVC decking under the trademark Trex Escapes™ and PVC trim under the trademark Trex Trim™. For more information, visit the Company’s website, www.trex.com. Trex® is a trademark of Trex Company, Inc., Winchester, Va.

The statements in this press release regarding the Company's expected sales performance and operating results, its projections of net sales, net income, earnings per share and costs, 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 sensitivity of the Company's business to general economic conditions; the Company's ability to obtain raw materials at acceptable prices; the Company's ability to maintain product quality and product performance at an acceptable cost; the level of expenses associated with product replacement and consumer relations expenses related to product quality; 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 17, 2008 discuss 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 expressly disclaims any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

TREX COMPANY, INC.
Condensed Consolidated Statements of Operations
(In thousands, except share and per share data)
(Unaudited)
	Three Months Ended March 31,
	2007			2008
Net sales	$	115,913		$	119,529
Cost of sales		91,284			86,665
Gross profit		24,629			32,864
Selling, general and administrative expenses		17,039			20,896
Income from operations		7,590			11,968
Interest expense, net		1,694			2,978
Income before income taxes		5,896			8,990
Provision for income taxes		2,171			86
Net income	$	3,725		$	8,904
Diluted earnings per common share	$	0.25		$	0.60
Diluted weighted average common shares outstanding		14,898,851			14,955,837

	TREX COMPANY, INC.
	Condensed Consolidated Balance Sheets
	(In thousands, except share data)
	(unaudited)
			31-Dec-07				31-Mar-08
ASSETS
Current assets:
	Cash and cash equivalents		$	66			$	66
	Accounts receivable			6,588				63,228
	Inventories			92,569				66,092
	Prepaid expenses and other assets			2,617				2,629
	Income taxes receivable			2,376				2,373
	Deferred income taxes			16,007				16,007
	Total current assets			120,223				150,395
Property, plant and equipment, net				193,944				190,504
Goodwill				6,837				6,837
Debt-related derivatives				--				--
Other assets				7,722				8,502
	Total assets		$	328,726			$	356,238
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
	Accounts payable and accrued expenses		$	41,359			$	45,421
	Accrued warranty			21,084				21,084
	Line of credit			--				21,765
	Current portion of long-term debt			1,198				1,181
	Total current liabilities			63,641				89,451
	Deferred income taxes			15,763				15,719
	Accrued taxes			3,620				3,620
	Non-current accrued warranty			18,901				11,329
	Debt-related derivatives			1,044				1,607
	Long-term debt, net of current portion			131,730				131,454
	Total liabilities			234,699				253,180
Stockholders’ equity:
	Preferred stock, $0.01 par value, 3,000,000 shares authorized; none issued and outstanding			--				--
	Common stock, $0.01 par value, 40,000,000 shares authorized; 15,076,738 and 15,173,744 shares issued and outstanding at December 31, 2007 and March 31, 2008, respectively			151				153
	Additional paid-in capital			66,523				66,723
	Deferred compensation			--				--
	Accumulated other comprehensive loss			(557	)			(631	)
	Retained earnings			27,910				36,813
	Total stockholders’ equity			94,027				103,058
	Total liabilities and stockholders’ equity		$	328,726			$	356,238

TREX COMPANY, INC.
Condensed Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)
		Three Months Ended March 31,
		2007				2008
OPERATING ACTIVITIES
Net income		$	3,725			$	8,904
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			5,132				6,634
Other non-cash charges, net			858				670
Changes in operating assets and liabilities			(32,419	)			(33,757	)
Net cash used in operating activities		$	(22,704	)		$	(17,549	)
INVESTING ACTIVITIES		$	(10,767	)		$	(3,971	)
FINANCING ACTIVITIES		$	33,685			$	21,520
Net increase in cash and cash equivalents		$	214			$	-
Cash and cash equivalents at beginning of period		$	672			$	66
Cash and cash equivalents at end of period		$	886			$	66

CONTACT:
Trex Company, Inc.
James Cline, 540-542-6300
Chief Financial Officer
or
Lippert/Heilshorn & Associates
Harriet Fried, 212-838-3777