Quanex Earnings Reports

Quanex's Q1 FY25 revenue grew 67.3% year-over-year to $400.0 million, primarily due to the Tyman acquisition. The company reported a net loss of $14.9 million, with an EPS of -$0.32, impacted by restructuring charges and acquisition costs. Gross margin improved to 23.1%, and adjusted EBITDA increased to $38.5 million. Quanex repaid $12 million in debt during the quarter, bringing total debt repayment since the Tyman acquisition to $65 million.

Quanex reported a 66.6% increase in net sales to $492.2 million for Q4 2024, driven by the Tyman acquisition. Excluding Tyman, net sales would have declined by 2.3%. The company repaid $53.75 million in debt during the quarter and anticipates demand softness to persist until the spring selling season of 2025.

Quanex reported a decrease in net sales by 6.4% compared to the same period last year, primarily due to softer market demand across all operating segments. However, the company generated approximately $40 million in free cash flow during the quarter. The acquisition of Tyman was completed on August 1, 2024, and integration is underway.

Quanex reported net sales of $266.2 million, a decrease of 2.7% compared to the same period in 2023, primarily due to softer market demand in European Fenestration and North American Cabinet Components segments. However, the company saw volume increase in North America compared to Q1 and realized margin expansion in both North American operating segments and on a consolidated basis. Quanex reaffirmed its full year 2024 guidance.

Quanex reported a decrease in net sales due to softer market demand and lower pricing, but achieved margin expansion and repaid $5 million in bank debt. The company remains cautiously optimistic about the second half of 2024 and maintains a positive long-term view on the residential housing market.

Quanex reported a decrease in net sales by 3.9% to $295.5 million compared to the same period in 2022, but achieved record earnings and margin expansion across all operating segments. The company repaid $40 million in bank debt and generated record free cash flow in 2023.

Quanex announced record earnings and margin expansion for Q3 2023, driven by improved demand and operational efficiency, despite a revenue decrease due to softer market demand and lower pricing. The company also repaid $25 million in bank debt and is on track to generate record free cash flow this year.

Quanex Building Products reported a decrease in net sales for the second quarter of 2023, primarily due to softer demand and lower pricing. Despite the revenue decline, the company achieved margin expansion in North American Cabinet Components and European Fenestration segments. They also repurchased $5.6 million of stock and reduced bank debt by $20 million.

Quanex Building Products reported first quarter 2023 results with net sales of $261.9 million, a decrease of 1.9% compared to the same period of 2022. The company's results were impacted by softer demand, customer inventory rebalancing initiatives, higher stock-based compensation expense, one-time transaction and advisory fees, increased interest expense, and foreign exchange translation.

Quanex reported a successful Q4 and fiscal year 2022, marked by record revenue and earnings. The company's performance was bolstered by its pass-through pricing strategy and increased volumes in the North American Fenestration segment. Quanex also repaid $25 million in bank debt during the quarter, maintaining a strong balance sheet.

Quanex reported a strong third quarter with revenue growth of approximately 16% year-over-year. Margin expansion was realized in the North American Fenestration and North American Cabinet Components segments. The company repaid $25 million in bank debt and repurchased $5 million of common stock. However, the company did start to experience some softness in demand in Europe towards the end of July.

Quanex Building Products reported a record quarter with net sales of $322.9 million, a 19.4% increase compared to the same period in 2021. The growth was attributed to higher prices related to the pass-through of raw material cost inflation.

Quanex Building Products reported a 16.0% increase in net sales to $267.0 million for the three months ended January 31, 2022, driven by volume increases and higher prices. The company is providing full year 2022 guidance, expecting another record year of revenue and earnings.

Quanex Building Products reported a 14.2% increase in net sales growth for the fourth quarter and the board authorized a new $75 million share repurchase program. Demand for the company's products remained strong throughout the fiscal year, which continues today.

Quanex Building Products reported a 32% year-over-year increase in net sales for Q3 2021, driven by robust demand across all product lines and operating segments, combined with increased pricing to pass through raw material cost inflation. The company's balance sheet strengthened, allowing for the repayment of $15.0 million in bank debt and the repurchase of approximately $1.8 million of common stock.

Quanex Building Products Corporation announced strong second-quarter results with net sales increasing by 44.2%. The company repaid $25 million in bank debt and repurchased approximately $2.0 million of its common stock. The company is optimistic about the global economic outlook and overall trends within the residential housing industry.

Quanex Building Products reported a strong first quarter in 2021, with net sales increasing by 17.1% and Adjusted EBITDA margin improving by approximately 260 basis points year-over-year. The company saw increased demand for its products across all product lines and operating segments.

Quanex reported a strong fourth quarter with increased net sales and effective navigation of COVID-19 challenges. The company saw increased demand, particularly in Europe, and improved cash generation. They also repaid $35 million of bank debt during the quarter.

Quanex Building Products reported a decrease in net sales due to softer demand related to the COVID-19 pandemic, but overall Q3 results exceeded expectations. Volumes increased steadily throughout the quarter, especially in Europe, and the company saw an increase in cash provided by operating activities. They repaid $78 million of bank debt and provided full year 2020 guidance of $832 million to $837 million in net sales and $97 million to $102 million in Adjusted EBITDA.

Quanex Building Products announced its Q2 2020 results, noting that the first two months of the quarter were solid, but April was challenging due to the COVID-19 pandemic. Despite volume decline in April, the company realized Adjusted EBITDA margin expansion in the North American Fenestration segment and on a consolidated basis. All plants are operational, furloughed employees have started to be recalled, and volume in May was not as soft as anticipated.

Quanex Building Products reported a good start to fiscal 2020, reaffirming its full year 2020 guidance. The company saw Adjusted EBITDA margin expansion, particularly in the European segment, and repurchased approximately $4.6 million in stock.