Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry worldwide. It operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components. The company offers flexible insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products, as well as cabinet doors and other components for original equipment manufacturers (OEMs) in the kitchen and bathroom cabinet industry. It also provides various non-fenestration components and products, including solar panel sealants, trim moldings, vinyl decking, fencing, water retention barriers, and conservatory roof components. The company sells its products to OEMs in the building products industry through sales representatives, direct sales force, distributors, and independent sales agents. Quanex Building Products Corporation was founded in 1927 and is headquartered in Houston, Texas.
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Exchange: NYSE
Website: quanex.com
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Results Consistent with ExpectationsTransformative Tyman Acquisition Closed August 1, 2024Acquisition Integration Underway HOUSTON, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced its results for the three months ended July 31, 2024. The Company reported the following selected financial results: Three Months Ended July 31, Nine Months Ended July 31,($ in millions, except per share data) 2024 2023 2024 2023Net Sales $280.3 $299.6 $785.7 $835.1Gross Margin $70.9 $78.6 $188.6 $197.5Gross Margin % 25.3% 26.2% 24.0% 23.7%Net Income $25.4 $31.7
HOUSTON, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced that its Board of Directors declared a quarterly cash dividend of $0.08 per share on the Company's common stock, payable September 30, 2024, to shareholders of record on September 16, 2024. About Quanex Quanex is a global manufacturer with core capabilities and broad applications across various end markets. The Company currently collaborates and partners with leading OEMs to provide innovative solutions in the window, door, vinyl fencing, solar, refrigeration, custom mixing, building access and cabinetry markets. Looking ahead, Quanex plans to leverage i
HOUSTON, TEXAS, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced plans to release its third quarter 2024 results on Thursday, September 5, 2024 after trading closes on the New York Stock Exchange. The Company has also scheduled a conference call for Friday, September 6, 2024 at 11:00 a.m. ET (10:00 a.m. CT) to discuss the release. A link to the live audio webcast will be available on Quanex's website at http://www.quanex.com in the Investors section under Presentations & Events. Participants can pre-register for the conference call using the following link: https://register.vevent.com/register/BI899b4025b8dc44e0
HOUSTON, TEXAS, Aug. 12, 2024 (GLOBE NEWSWIRE) -- August 12, 2024 – Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced the appointment of Manish H. Shah and Amit Singhi to its Board of Directors effective August 12, 2024. George Wilson, President and Chief Executive Officer, commented, "Manish and Amit are both proven, forward-thinking leaders, and we're looking forward to the insights they'll bring to Quanex as we continuously strengthen our focus on profitable growth across all areas of the Company. We're confident in the value of their unique perspectives, and our leadership team is looking forward to their contributions." Mr. Shah is the C
Combination Creates a Comprehensive Solutions Provider to Building Products OEMsAcquisition Enhances Scale, Global Reach and Product Offering HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced that it has closed on its acquisition of Tyman plc ("Tyman"), creating a comprehensive solutions provider in the building products industry. "We are excited to welcome the Tyman team. This transaction accelerates our growth and value creation by delivering best-in-class building products solutions to OEMs in the building products industry," said George Wilson, Chairman, President and Chief Executive Officer of Qu
HOUSTON, July 12, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced that shareholders of both Quanex and Tyman plc (LSE:TYMN) ("Tyman") have approved Quanex's proposed acquisition of Tyman. "On behalf of our Board of Directors and executive management team, I would like to thank Quanex and Tyman shareholders for their support as we move swiftly towards completing the transaction and creating a comprehensive solutions provider in the building products industry," said George Wilson, Chairman, President and Chief Executive Officer of Quanex. "We continue to prepare internally for the upcoming integration of our two companies a
Margin Expansion in North America and on a Consolidated BasisRepaid $10 Million in Bank Debt – No Outstanding Draws on RevolverTyman Acquisition Expected to Close in 2H24 HOUSTON, June 06, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced its results for the three months ended April 30, 2024. The Company reported the following selected financial results: Three Months Ended April 30, Six Months Ended April 30,($ in millions, except per share data)2024 2023 2024 2023Net Sales$266.2 $273.5 $505.4 $535.5Gross Margin$66.2 $67.2 $117.7 $118.9Gross Margin %24.9% 24.6% 23.3% 22.2%Net Income$15.4 $21.5 $21.6 $23.4Diluted EP
HOUSTON, May 23, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced that its Board of Directors declared a quarterly cash dividend of $0.08 per share on the Company's common stock, payable June 28, 2024, to shareholders of record on June 14, 2024. About Quanex Quanex is a global manufacturer with core capabilities and broad applications across various end markets. The Company currently collaborates and partners with leading OEMs to provide innovative solutions in the window, door, vinyl fencing, solar, refrigeration and cabinetry markets. Looking ahead, Quanex plans to leverage its material science expertise and proce
HOUSTON, TEXAS, May 23, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced plans to release its second quarter 2024 results on Thursday, June 6, 2024 after trading closes on the New York Stock Exchange. The Company has also scheduled a conference call for Friday, June 7, 2024 at 11:00 a.m. ET (10:00 a.m. CT) to discuss the release. A link to the live audio webcast will be available on Quanex's website at http://www.quanex.com in the Investors section under Presentations & Events. Participants can pre-register for the conference call using the following link: https://register.vevent.com/register/BI8e90696b55d04353a1f5
Acquisition Accelerates Quanex's "BIGGER" Strategic Roadmap, Expanding Quanex's Product Offering with Addition of Tyman's Complementary Portfolio Significantly Enhances Scale and Global Reach, Positioning Combined Company for Profitable Growth and Value Creation Delivers Material EPS Accretion in First Fiscal Year Post Close; Approximately $30 Million in Annual Run-Rate Cost Synergies Anticipated Investor Conference Call Scheduled for Today at 8:30 a.m. ET / 7:30 a.m. CT / 1:30 p.m. BST HOUSTON, April 22, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced it has reached agreement with Tyman plc (LSE:TYMN) ("Tyman"
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HOUSTON, TEXAS, Aug. 12, 2024 (GLOBE NEWSWIRE) -- August 12, 2024 – Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced the appointment of Manish H. Shah and Amit Singhi to its Board of Directors effective August 12, 2024. George Wilson, President and Chief Executive Officer, commented, "Manish and Amit are both proven, forward-thinking leaders, and we're looking forward to the insights they'll bring to Quanex as we continuously strengthen our focus on profitable growth across all areas of the Company. We're confident in the value of their unique perspectives, and our leadership team is looking forward to their contributions." Mr. Shah is the C
HOUSTON, TEXAS, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced the results from its Annual Meeting of Stockholders held on February 22, 2022. In addition, Quanex announced that its Board of Directors (the "Board") declared a quarterly cash dividend of $0.08 per share on the Company's common stock, payable March 30, 2022, to shareholders of record on March 15, 2022. The stockholders approved each of the following proposals: Election of Directors – Susan F. Davis, William C. Griffiths, Bradley E. Hughes, Jason D. Lippert, Donald R. Maier, Meredith W. Mendes, Curtis M. Stevens, William E. Waltz Jr. an
HOUSTON, TX, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced the appointment of Jason D. Lippert, age 49, to its Board of Directors (the "Board") effective immediately. The Company also announced that William C. Griffiths, age 70, will retire as Executive Chairman of the Board, effective February 21, 2022, but plans to continue serving as Non-Executive Chairman of the Board. In addition, Joseph D. Rupp, age 71, plans to retire as a Director at the end of his current term and not stand for re-election. George Wilson, President and Chief Executive Officer, stated, "Jason's leadership skills combined with his
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Results Consistent with ExpectationsTransformative Tyman Acquisition Closed August 1, 2024Acquisition Integration Underway HOUSTON, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced its results for the three months ended July 31, 2024. The Company reported the following selected financial results: Three Months Ended July 31, Nine Months Ended July 31,($ in millions, except per share data) 2024 2023 2024 2023Net Sales $280.3 $299.6 $785.7 $835.1Gross Margin $70.9 $78.6 $188.6 $197.5Gross Margin % 25.3% 26.2% 24.0% 23.7%Net Income $25.4 $31.7
HOUSTON, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced that its Board of Directors declared a quarterly cash dividend of $0.08 per share on the Company's common stock, payable September 30, 2024, to shareholders of record on September 16, 2024. About Quanex Quanex is a global manufacturer with core capabilities and broad applications across various end markets. The Company currently collaborates and partners with leading OEMs to provide innovative solutions in the window, door, vinyl fencing, solar, refrigeration, custom mixing, building access and cabinetry markets. Looking ahead, Quanex plans to leverage i
HOUSTON, TEXAS, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced plans to release its third quarter 2024 results on Thursday, September 5, 2024 after trading closes on the New York Stock Exchange. The Company has also scheduled a conference call for Friday, September 6, 2024 at 11:00 a.m. ET (10:00 a.m. CT) to discuss the release. A link to the live audio webcast will be available on Quanex's website at http://www.quanex.com in the Investors section under Presentations & Events. Participants can pre-register for the conference call using the following link: https://register.vevent.com/register/BI899b4025b8dc44e0
Combination Creates a Comprehensive Solutions Provider to Building Products OEMsAcquisition Enhances Scale, Global Reach and Product Offering HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced that it has closed on its acquisition of Tyman plc ("Tyman"), creating a comprehensive solutions provider in the building products industry. "We are excited to welcome the Tyman team. This transaction accelerates our growth and value creation by delivering best-in-class building products solutions to OEMs in the building products industry," said George Wilson, Chairman, President and Chief Executive Officer of Qu
HOUSTON, July 12, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced that shareholders of both Quanex and Tyman plc (LSE:TYMN) ("Tyman") have approved Quanex's proposed acquisition of Tyman. "On behalf of our Board of Directors and executive management team, I would like to thank Quanex and Tyman shareholders for their support as we move swiftly towards completing the transaction and creating a comprehensive solutions provider in the building products industry," said George Wilson, Chairman, President and Chief Executive Officer of Quanex. "We continue to prepare internally for the upcoming integration of our two companies a
Margin Expansion in North America and on a Consolidated BasisRepaid $10 Million in Bank Debt – No Outstanding Draws on RevolverTyman Acquisition Expected to Close in 2H24 HOUSTON, June 06, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced its results for the three months ended April 30, 2024. The Company reported the following selected financial results: Three Months Ended April 30, Six Months Ended April 30,($ in millions, except per share data)2024 2023 2024 2023Net Sales$266.2 $273.5 $505.4 $535.5Gross Margin$66.2 $67.2 $117.7 $118.9Gross Margin %24.9% 24.6% 23.3% 22.2%Net Income$15.4 $21.5 $21.6 $23.4Diluted EP
HOUSTON, May 23, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced that its Board of Directors declared a quarterly cash dividend of $0.08 per share on the Company's common stock, payable June 28, 2024, to shareholders of record on June 14, 2024. About Quanex Quanex is a global manufacturer with core capabilities and broad applications across various end markets. The Company currently collaborates and partners with leading OEMs to provide innovative solutions in the window, door, vinyl fencing, solar, refrigeration and cabinetry markets. Looking ahead, Quanex plans to leverage its material science expertise and proce
HOUSTON, TEXAS, May 23, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced plans to release its second quarter 2024 results on Thursday, June 6, 2024 after trading closes on the New York Stock Exchange. The Company has also scheduled a conference call for Friday, June 7, 2024 at 11:00 a.m. ET (10:00 a.m. CT) to discuss the release. A link to the live audio webcast will be available on Quanex's website at http://www.quanex.com in the Investors section under Presentations & Events. Participants can pre-register for the conference call using the following link: https://register.vevent.com/register/BI8e90696b55d04353a1f5
Acquisition Accelerates Quanex's "BIGGER" Strategic Roadmap, Expanding Quanex's Product Offering with Addition of Tyman's Complementary Portfolio Significantly Enhances Scale and Global Reach, Positioning Combined Company for Profitable Growth and Value Creation Delivers Material EPS Accretion in First Fiscal Year Post Close; Approximately $30 Million in Annual Run-Rate Cost Synergies Anticipated Investor Conference Call Scheduled for Today at 8:30 a.m. ET / 7:30 a.m. CT / 1:30 p.m. BST HOUSTON, April 22, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced it has reached agreement with Tyman plc (LSE:TYMN) ("Tyman"
Margin Expansion on a Consolidated Basis Repaid $5 Million in Bank Debt Balance Sheet and Liquidity Remain Strong Cautiously Optimistic on Second Half of 2024 Positive Long-Term View on Residential Housing Market Remains Intact HOUSTON, March 07, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced its results for the three months ended January 31, 2024. The Company reported the following selected financial results: Three Months Ended January 31,($ in millions, except per share data) 2024 2023Net Sales $239.2 $261.9Gross Margin $51.4 $51.8Gross Margin % 21.5% 19.8%Net Income $6.2 $1.9Diluted EPS $0.19 $0.06 A
Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced that shareholders of both Quanex and Tyman plc (LSE:TYMN) ("Tyman") have approved Quanex's proposed acquisition of Tyman.The acquisition remains subject to the satisfaction of customary closing conditions and is expected to close in August of this year.
Quanex Building Prods (NYSE:NX) reported quarterly earnings of $0.66 per share which beat the analyst consensus estimate of $0.53 by 24.53 percent. The company reported quarterly sales of $266.200 million which beat the analyst consensus estimate of $262.950 million by 1.24 percent. This is a 2.68 percent decrease over sales of $273.535 million the same period last year.
Benchmark analyst Reuben Garner reiterates Quanex Building Prods (NYSE:NX) with a Buy and maintains $38 price target.
Quanex Building Products Corporation (NYSE:NX) has reached an agreement to acquire the entire issued and to be issued share capital of Tyman plc for about $1.1 billion enterprise value, Tyman offers solutions in the window and door hardware, commercial access solutions, and seals and extrusions vertical segments for residential and commercial users across its North America, U.K. and Ireland, and International divisions. “This transformative acquisition accelerates our journey to becoming ‘BIGGER’, creating a leading supplier of building products with a more diverse geographic footprint, product offering and customer base,” said Chairman, President and CEO George Wilson. “As one comp
Acquisition Accelerates Quanex's "BIGGER" Strategic Roadmap, Expanding Quanex's Product Offering with Addition of Tyman's Complementary Portfolio Significantly Enhances Scale and Global Reach, Positioning Combined Company for Profitable Growth and Value Creation Delivers Material EPS Accretion in First Fiscal Year Post Close; Approximately $30 Million in Annual Run-Rate Cost Synergies Anticipated
Benchmark analyst Reuben Garner maintains Quanex Building Prods (NYSE:NX) with a Buy and raises the price target from $35 to $38.
Quanex Building Prods (NYSE:NX) reported its Q1 earnings results on Thursday, March 7, 2024 at 04:15 PM. Here's what investors need to know about the announcement. Earnings Quanex Building Prods beat estimated earnings by 64.0%, reporting an EPS of $0.18 versus an estimate of $0.11. Revenue was down $22.76 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.25 which was followed by a 11.0% drop in the share price the next day. Here's a look at Quanex Building Prods's past performance: Quarter Q4 2023 Q3 2023 Q2 2023 Q1 2023 EPS Estimate 0.70 0.65 0.41 0.23 EPS Actual 0.95 0.97 0.66 0.18 Revenue Estimate 291.01M 289.28M 270.4
Quanex Building Prods (NYSE:NX) reported quarterly earnings of $0.180 per share which beat the analyst consensus estimate of $0.110 by 63.64 percent. The company reported quarterly sales of $239.155 million which beat the analyst consensus estimate of $231.428 million by 3.34 percent. This is a 8.69 percent decrease over sales of $261.916 million the same period last year.
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