Quanex Building Products Corporation - NX STOCK NEWS

Quanex Building Products Corporation (NYSE: NX) plans to release its second quarter 2021 financial results on June 3, 2021, after market close. A conference call for investors is scheduled for June 4, 2021, at 11:00 a.m. ET, where details regarding the results will be discussed. Investors can join by phone or through a live audio webcast available on Quanex’s website. The company is known for manufacturing energy-efficient components for the building products industry, including fenestration products and cabinet components.

Quanex Building Products Corporation (NYSE:NX) reported strong financial results for the quarter ended January 31, 2021, with net sales increasing by 17.1% to $230.1 million compared to $196.6 million in 2020. Gross margin improved from 19.9% to 23.4%, reflecting solid growth across all operating segments. Net income rose to $7.9 million, while adjusted EBITDA reached $24.3 million, up from $15.7 million the previous year. The company also maintained a strong balance sheet with $113.6 million in total debt. Positive outlooks project 12% sales growth in North American Fenestration for 2021.

Quanex Building Products Corporation (NYSE: NX) will release its first quarter 2021 results on March 4, 2021, post-market hours. A conference call to discuss these results is scheduled for March 5, 2021, at 11:00 a.m. ET. Investors can join via phone or through a live audio webcast on the company's website. A telephonic replay will be available until March 12, 2021. Quanex specializes in manufacturing components for Original Equipment Manufacturers in the building products sector, focusing on energy-efficient products.

Quanex Building Products Corporation (NYSE:NX) reported strong performance in 4Q20, achieving net sales of $255.4 million, a 6.3% increase year-over-year, and a net income of $22.2 million, compared to a loss of $30.9 million in 4Q19. The gross margin improved to 25.9%, driven by higher volumes and lower raw material costs. For FY20, net sales totaled $851.6 million, down from $893.8 million in FY19. The company generated free cash flow of $75.1 million, repaid $35 million in bank debt, and maintained a leverage ratio of 0.6x. Looking ahead, Quanex anticipates net sales of $900 million to $920 million for FY21.

Quanex Building Products Corporation (NYSE:NX) has announced a quarterly cash dividend of $0.08 per share, payable on December 30, 2020, to shareholders on record as of December 16, 2020. This dividend reflects the company's commitment to providing returns to its shareholders while maintaining its status as a leading manufacturer of energy-efficient building products.

Quanex's innovative offerings in fenestration and cabinetry highlight its competitive edge in the building products industry. Investors can look forward to this cash dividend as a sign of the company's ongoing stability and performance.

Quanex Building Products Corporation (NYSE: NX) will release its fourth quarter and fiscal year 2020 results on December 10, 2020, after NYSE trading closes. A conference call is scheduled for December 11, 2020, at 11:00 a.m. ET to discuss the results, with participation via a dedicated phone line. A live audio webcast will be available on the company’s website. A telephonic replay will be accessible until December 18, 2020, for those who miss the live call.

Quanex Building Products Corporation (NYSE: NX) announced William E. Waltz's appointment to its Board of Directors, effective October 7, 2020. President George Wilson expressed confidence in Waltz's global manufacturing expertise and strategic vision to enhance shareholder value. Bill Griffiths, Executive Chairman, highlighted Waltz's leadership and critical insights as invaluable for the company. Waltz has prior experience as CEO of Atkore International Group Inc. and has held significant roles in Strategic Materials Inc. and Pentair plc. His extensive background positions him to contribute positively to Quanex's growth.

Quanex Building Products Corporation (NYSE:NX) reported its Q3 results for the period ending July 31, 2020. Key highlights include:

• Net Sales: $212.1 million, down from $238.5 million year-over-year
• Gross Margin: $49.7 million with a margin of 23.4%
• Net Income: $10.8 million, compared to $11.8 million in 2019
• Operating Cash Flow: Increased over 50% to $45.1 million
• Debt Repayment: $78 million, improving leverage ratios

Management remains optimistic about recovery and provided guidance for 2020 net sales between $832 million and $837 million.

Quanex Building Products Corporation (NYSE:NX) reported second-quarter financial results for the period ended April 30, 2020. Key figures include net sales of $187.5 million, a gross margin of $37.7 million (20.1%), and net income of $5.5 million. Despite challenges due to COVID-19, the company experienced Adjusted EBITDA margin expansion in the North American Fenestration segment. Liquidity as of April 30, 2020, stood at $189.3 million, with a leverage ratio of 1.4x. The Board declared a quarterly cash dividend of $0.08 per share, payable on June 30, 2020.