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Jan 31, 2020
Quanex Q1 2020 Earnings Report
Announced first quarter 2020 results and reaffirmed full year 2020 guidance, with improved profitability and margin expansion realized in EU Fenestration & NA Cabinet Components segments, and above market growth continuing in EU Fenestration Segment.
Key Takeaways
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.
Reaffirmed full year 2020 guidance of $865 million to $885 million in net sales and $102 million to $110 million in Adjusted EBITDA.
Adjusted EBITDA margin expansion of approximately 190 basis points in the first quarter.
European segment margins improved by 100 basis points.
Repurchased approximately $4.6 million in stock.
Quanex
Quanex
Forward Guidance
Quanex reaffirmed its full year 2020 guidance of $865 million to $885 million in net sales and $102 million to $110 million in Adjusted EBITDA.