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.
Q1 revenue grew 67.3% year-over-year to $400.0 million.
Net loss was $14.9 million, with an EPS of -$0.32.
Gross margin improved to 23.1%, up from 21.5% in Q1 FY24.
Quanex repaid $12 million in debt during the quarter.
Quanex expects continued revenue growth in FY25, driven by synergies from the Tyman acquisition and improvements in market demand during the spring and summer.
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