Trex Co., a manufacturer of composite decking and railing, reported net sales of $51.5 million for its fourth quarter, a 31.6% decrease over sales of $75.3 million for the same quarter of 2010.
During the quarter, which ended Dec. 31, 2011, the company reported a net loss of $18.3 million, compared to a net loss of $0.5 million, for the fourth quarter of 2010. During the 2011 period, the Trex increased its warranty reserve by $10 million for decking material manufactured at its Nevada plant prior to mid-2006. Excluding that charge, the net loss was $8.3 million.