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Oct 31, 2022
Quanex Q4 2022 Earnings Report
Reported record revenue and earnings, driven by higher prices and surcharges related to the pass-through of raw material cost inflation and higher volumes in the North American Fenestration segment.
Key Takeaways
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.
Reported record revenue and earnings for the year.
Free Cash Flow increased significantly during the fourth quarter.
Repaid $25 million of bank debt during the quarter.
Liquidity increased to $362.0 million.
Forward Guidance
Due to current macro indicators and recent conversations with customers, the company is taking a measured approach to 2023 guidance and believes it would be premature to give guidance at this time. They intend to revisit guidance when they report earnings for the first quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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