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.
Quanex Building Products Corporation (NYSE: NX) held its Annual Meeting of Stockholders on February 22, 2022, where stockholders approved key proposals. A quarterly cash dividend of $0.08 per share was declared, payable on March 30, 2022, to shareholders of record as of March 15, 2022.
New directors were elected, including first-time member Bradley E. Hughes, enhancing the Board’s expertise in finance and operations. The appointment of Grant Thornton LLP as independent accountants was ratified for fiscal year 2022.
HOUSTON, TEXAS, Feb. 17, 2022 – Quanex Building Products Corporation (NYSE: NX) announced it will release its first quarter 2022 results on March 3, 2022, after market close. A conference call to discuss these results is scheduled for March 4, 2022, at 11:00 a.m. ET. Investors can join by calling (877) 388-2139 domestically or (541) 797-2983 internationally, using passcode 2054849. A live audio webcast will be available on the Quanex website in the Investors section.
Quanex Building Products Corporation (NYSE:NX) reported record revenue growth and earnings for FY21, with net sales of $1,072.1 million, up 25.9% year-over-year. Gross margin was 22.4%, while net income reached $57 million, resulting in diluted EPS of $1.70. The company achieved a $75 million share repurchase authorization, demonstrating confidence in its strong balance sheet, with a debt leverage ratio of 0.1x. Despite ongoing supply chain challenges and inflation, Quanex remains optimistic about achieving margin expansion as it approaches 2022, although it refrained from providing detailed guidance.
On December 10, 2021, Quanex Building Products Corporation (NYSE:NX) announced a quarterly cash dividend of $0.08 per share. This dividend is payable on December 31, 2021, to shareholders on record as of December 21, 2021. Quanex specializes in manufacturing energy-efficient fenestration products and components for the building products industry, serving original equipment manufacturers (OEMs).
Quanex Building Products Corporation (NYSE: NX) will release its fourth quarter and fiscal year 2021 results on December 16, 2021, after the market closes. A conference call to discuss the results is scheduled for December 17, 2021, at 11:00 a.m. ET. Investors can join the call via telephone or through a live audio webcast on the company's website. A telephonic replay will be available through December 24, 2021.
Quanex specializes in manufacturing energy-efficient components for the building products industry, including fenestration products and kitchen and bath cabinet components.
Quanex Building Products Corporation (NYSE: NX) announced the immediate appointment of Jason D. Lippert to its Board of Directors. William C. Griffiths will retire as Executive Chairman on February 21, 2022, but will remain as Non-Executive Chairman. Joseph D. Rupp will retire as a Director at the end of his current term. CEO George Wilson praised Lippert's leadership and operational expertise, indicating his addition will benefit shareholders. Griffiths expressed confidence in Lippert's ability to transform businesses positively, while acknowledging Rupp's contributions over the years.
Quanex Building Products Corporation (NYSE:NX) reported impressive Q3 2021 results with net sales of $279.9 million, up 32% year-over-year, driven by increased demand across all product lines. Gross margin decreased to 21.4% from 23.4% due to inflation and supply chain challenges. The net income rose to $13.6 million with diluted EPS at $0.41. The company strengthened its balance sheet, repaying $15 million in debt and maintaining liquidity of $306.2 million. For fiscal 2021, Quanex reaffirms sales guidance of $1.04 billion to $1.06 billion.
Quanex Building Products Corporation (NYSE:NX) has announced a quarterly cash dividend of $0.08 per share. This dividend will be payable on September 30, 2021, to shareholders on record as of September 16, 2021. As a leading manufacturer in the building products sector, Quanex specializes in designing and producing energy-efficient fenestration products and kitchen and bath cabinet components.
Quanex Building Products Corporation (NYSE: NX) announced it will release its third quarter 2021 results on September 2, 2021, after market close. A conference call is scheduled for September 3, 2021, at 11:00 a.m. ET to discuss the results, accessible to investors via telephone and live audio webcast on the company’s website. A telephonic replay will be available until September 10, 2021. Quanex is known for manufacturing energy-efficient fenestration products and components for the building products industry.
Quanex Building Products Corporation (NYSE:NX) reported robust financial results for the quarter ending April 30, 2021. Net sales surged to $270.4 million, a 44.2% increase from the previous year, driven by significant demand across all segments. Gross margin improved to 22.9%, with net income rising to $14.5 million. The strong balance sheet allowed for the repayment of $25 million in bank debt and share repurchases of $2 million. The company anticipates continued growth, projecting net sales between $1.04 billion and $1.06 billion for the fiscal year, despite ongoing inflation and supply chain challenges.
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