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Quanex Building Products Corporation - NX STOCK NEWS

Welcome to our dedicated page for Quanex Building Products Corporation news (Ticker: NX), a resource for investors and traders seeking the latest updates and insights on Quanex Building Products Corporation stock.

Quanex Building Products Corporation (NX) is a leading manufacturer of components sold primarily to original equipment manufacturers (OEMs) in the building products industry. The company’s product portfolio includes engineered window and door components such as flexible insulating glass spacers, extruded vinyl profiles, window and door screens, solar panel sealants, and precision-formed metal and wood products.

Quanex operates through three main segments: North American Fenestration, which is a major revenue driver, European Fenestration, and North American Cabinet Components. The company derives a majority of its revenue from the United States, establishing a dominant market presence in the region.

At Quanex, customer success is a top priority. The company offers specialized components to bring new products to market, technical support to enhance production efficiency, and creative marketing to drive awareness. With unparalleled expertise in energy efficiency and sustainability standards, integrated system design, product development, and production processes, Quanex continually enhances the value its customers offer to their clients.

Quanex is committed to building strength in its people, systems, and processes. The company listens to its customers and anticipates future needs to remain the supplier of choice in the markets it serves.

Recent achievements include:

  • Third Quarter 2023 Results Summary: Participants can pre-register for the conference call here.
  • Fourth Quarter and Fiscal 2023 Results Summary.
  • First Quarter 2024 Results Summary: Pre-register for the call here.

In addition, UBS Investment Bank serves as financial advisor, and legal counsel is provided by Foley & Lardner LLP and Travers Smith LLP. Quanex frequently hosts conference calls to discuss its financial performance, such as the upcoming session today at 8:30 a.m. ET.

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Quanex Building Products (NYSE:NX) has declared a quarterly cash dividend of $0.08 per share on its common stock.

The dividend will be paid on June 28, 2024, to shareholders who are recorded as of June 14, 2024.

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Quanex Building Products (NYSE: NX) has announced the release of its Q2 2024 financial results scheduled for June 6, 2024, post-market close. A conference call to discuss these results will occur on June 7, 2024, at 11:00 a.m. ET. The call will be available via a live audio webcast on Quanex's website. Participants can pre-register for the conference and will receive specific dial-in details upon registration. A replay will also be accessible on the company's website for a period.

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Quanex Building Products announces the acquisition of Tyman, creating a comprehensive solutions provider in the building products industry. The acquisition accelerates Quanex's strategic roadmap, expands its product offering, enhances scale and global reach, and is expected to deliver material EPS accretion. The deal is valued at approximately $1.1 billion and aims to generate $30 million in annual cost synergies. The combined company will have a revenue of around $2 billion, offering a diverse range of engineered components across different segments. The acquisition is set to be earnings accretive and will unlock substantial value for both Quanex and Tyman shareholders.
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Quanex Building Products Corporation (NYSE:NX) reported margin expansion, repaid $5 million in bank debt, and maintained a strong balance sheet and liquidity. Despite market challenges, the Company remains cautiously optimistic for the second half of 2024 and holds a positive long-term view on the residential housing market. Financially, Quanex's net sales decreased to $239.2 million in the first quarter of 2024, with improvements in gross margin and adjusted EBITDA. The Company's balance sheet shows a total debt of $65.2 million as of January 31, 2024, with a leverage ratio of 0.1x. Quanex expects net sales of approximately $1.1 billion and $145-150 million in Adjusted EBITDA for fiscal 2024.
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Quanex Building Products Corporation (NX) declares a quarterly cash dividend of $0.08 per share, payable on March 29, 2024, to shareholders of record on March 15, 2024.
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Quanex Building Products Corporation (NX) plans to release its first quarter 2024 results on March 7, 2024, with a conference call scheduled for March 8, 2024. Participants can pre-register for the call and access the live webcast on the Company's website.
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Quanex Building Products Corporation (NYSE:NX) reported record earnings and margin expansion across all operating segments. The company repaid $40 million in bank debt in the quarter, with a strong balance sheet and liquidity. However, net sales decreased by 3.9% for the three months ended October 31, 2023, and by 7.4% for the twelve months ended October 31, 2023 due to market volume softness and lower pricing in North America.
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Quanex Building Products Corporation (NYSE:NX) declared a quarterly cash dividend of $0.08 per share on the Company’s common stock, payable December 29, 2023, to shareholders of record on December 19, 2023. Additionally, the Board has determined that George L. Wilson, the Company’s President and CEO, will become Quanex’s Chairman of the Board, effective February 27, 2024, replacing current Chairman William C. Griffiths.
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Quanex Building Products Corporation (NYSE: NX) will release its Q4 and fiscal year 2023 results on December 14, 2023, with a conference call scheduled for December 15, 2023. The live audio webcast link will be available on Quanex's website, and participants can pre-register for the call. A replay will also be accessible on the company's website.
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Quanex Building Products Corporation reports record earnings and margin expansion in Q3 2023. Net sales decreased by 7.5% due to softer market demand and lower pricing in North America. The company repaid $25 million in bank debt and has a strong balance sheet. Adjusted EBITDA guidance for fiscal 2023 is increased to $150-155 million.
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FAQ

What is the current stock price of Quanex Building Products Corporation (NX)?

The current stock price of Quanex Building Products Corporation (NX) is $25.1 as of December 20, 2024.

What is the market cap of Quanex Building Products Corporation (NX)?

The market cap of Quanex Building Products Corporation (NX) is approximately 1.1B.

What does Quanex Building Products Corporation specialize in?

Quanex specializes in manufacturing components for the building products industry, including window and door components, solar panel sealants, and more.

Which segments generate the most revenue for Quanex?

The North American Fenestration segment is the key revenue driver for Quanex, followed by European Fenestration and North American Cabinet Components.

Where does Quanex Building Products Corporation derive most of its revenue from?

Quanex derives the majority of its revenue from the United States.

How does Quanex support its customers?

Quanex provides specialized components, technical support to enhance production efficiency, and creative marketing support to drive product awareness.

What are some recent achievements of Quanex?

Recent achievements include the release of Third Quarter 2023 Results, Fourth Quarter and Fiscal 2023 Results, and First Quarter 2024 Results.

Who are Quanex's financial and legal advisors?

UBS Investment Bank serves as Quanex's financial advisor, while Foley & Lardner LLP and Travers Smith LLP provide legal counsel.

Does Quanex focus on energy efficiency and sustainability?

Yes, Quanex has unparalleled expertise in energy efficiency and sustainability standards, enhancing the value they offer to customers.

How can I join Quanex's conference calls?

Participants can pre-register for the conference calls using the provided links in the recent announcements.

What is Quanex's vision?

Quanex's vision is to be the supplier of choice in the markets it serves by building strength in its people, systems, and processes.

How does Quanex stay ahead of market needs?

Quanex works hard to listen to customers and anticipate future needs, ensuring they remain a leading supplier in their industry.

Quanex Building Products Corporation

NYSE:NX

NX Rankings

NX Stock Data

1.09B
46.84M
0.85%
98.57%
3.21%
Building Products & Equipment
Rolling Drawing & Extruding of Nonferrous Metals
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United States of America
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