Welcome to our dedicated page for Quanex Build news (Ticker: NX), a resource for investors and traders seeking the latest updates and insights on Quanex Build stock.
Quanex Build (NYSE: NX) delivers engineered components and integrated systems for energy-efficient building products worldwide. This news hub provides investors with essential updates on corporate developments, financial performance, and innovation milestones.
Access timely press releases and analysis covering quarterly earnings, product launches, strategic partnerships, and operational advancements. Our curated collection helps stakeholders track NX's leadership in fenestration technology and OEM supply chain solutions.
Key updates include manufacturing innovations, sustainability initiatives, and market expansion efforts across North American and European operations. Bookmark this page for verified information directly from corporate communications and trusted financial analysis sources.
Quanex Building Products (NYSE:NX) announced its Q2 2024 results, showing net sales of $266.2 million, down 2.7% YoY. The decrease was due to weaker market demand in its European Fenestration and North American Cabinet Components segments. Despite this, the company achieved margin expansion in North America. Net income was $15.4 million, down from $21.5 million YoY. Diluted EPS was $0.46, a decrease from $0.65. Adjusted Net Income remained stable at $21.8 million, and Adjusted Diluted EPS was unchanged at $0.66. Quanex repaid $10 million in bank debt, leaving no outstanding draws on its revolver. The company reaffirmed its FY 2024 guidance, projecting net sales of around $1.1 billion and Adjusted EBITDA of $145-$150 million.
Quanex Building Products (NYSE:NX) has declared a quarterly cash dividend of $0.08 per share on its common stock.
The dividend will be paid on June 28, 2024, to shareholders who are recorded as of June 14, 2024.
Quanex Building Products (NYSE: NX) has announced the release of its Q2 2024 financial results scheduled for June 6, 2024, post-market close. A conference call to discuss these results will occur on June 7, 2024, at 11:00 a.m. ET. The call will be available via a live audio webcast on Quanex's website. Participants can pre-register for the conference and will receive specific dial-in details upon registration. A replay will also be accessible on the company's website for a period.
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