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 Corporation (NYSE:NX) reported record revenue and earnings for Q2 2022, with net sales reaching $322.9 million, a 19.4% increase from $270.4 million in Q2 2021. Net income was $26.5 million, up from $14.6 million a year earlier. The company benefited from its pass-through pricing strategy, which helped offset inflation. Despite challenges in working capital management, liquidity remained strong at $296.5 million. Quanex increased its fiscal 2022 guidance, projecting net sales of $1.18 billion to $1.2 billion and $150 million to $155 million in Adjusted EBITDA.
Quanex Building Products Corporation (NYSE:NX) announced a quarterly cash dividend of $0.08 per share on May 26, 2022. This dividend is payable on June 30, 2022, to shareholders of record as of June 15, 2022. Quanex is a leading manufacturer of components in the building products sector, specializing in energy-efficient fenestration products and kitchen and bath cabinet components.
Quanex Building Products Corporation (NYSE: NX) announced it will release its second quarter 2022 results on June 2, 2022, after market close. A conference call is scheduled for June 3, 2022, at 11:00 a.m. ET to discuss the results. Investors can join via phone or through a live audio webcast available on the company's website. A replay of the call will be accessible until June 10, 2022. Quanex specializes in manufacturing energy-efficient building products.
Quanex Building Products Corporation (NYSE:NX) reported robust revenue growth for the first quarter of 2022, with net sales reaching $267.0 million, a 16% increase from the previous year. The growth was driven by increased volumes in the fenestration and cabinet components segments, despite inflationary pressures compressing margins. Net income rose to $11.2 million, with a diluted EPS of $0.34. The company expects revenue for FY22 to be between $1.13 billion and $1.15 billion, alongside $135 million to $140 million in Adjusted EBITDA. Liquidity remains strong at $289.2 million.
Quanex Building Products Corporation (NYSE: NX) held its Annual Meeting of Stockholders on February 22, 2022, where stockholders approved key proposals. A quarterly cash dividend of $0.08 per share was declared, payable on March 30, 2022, to shareholders of record as of March 15, 2022.
New directors were elected, including first-time member Bradley E. Hughes, enhancing the Board’s expertise in finance and operations. The appointment of Grant Thornton LLP as independent accountants was ratified for fiscal year 2022.
HOUSTON, TEXAS, Feb. 17, 2022 – Quanex Building Products Corporation (NYSE: NX) announced it will release its first quarter 2022 results on March 3, 2022, after market close. A conference call to discuss these results is scheduled for March 4, 2022, at 11:00 a.m. ET. Investors can join by calling (877) 388-2139 domestically or (541) 797-2983 internationally, using passcode 2054849. A live audio webcast will be available on the Quanex website in the Investors section.
Quanex Building Products Corporation (NYSE:NX) reported record revenue growth and earnings for FY21, with net sales of $1,072.1 million, up 25.9% year-over-year. Gross margin was 22.4%, while net income reached $57 million, resulting in diluted EPS of $1.70. The company achieved a $75 million share repurchase authorization, demonstrating confidence in its strong balance sheet, with a debt leverage ratio of 0.1x. Despite ongoing supply chain challenges and inflation, Quanex remains optimistic about achieving margin expansion as it approaches 2022, although it refrained from providing detailed guidance.
On December 10, 2021, Quanex Building Products Corporation (NYSE:NX) announced a quarterly cash dividend of $0.08 per share. This dividend is payable on December 31, 2021, to shareholders on record as of December 21, 2021. Quanex specializes in manufacturing energy-efficient fenestration products and components for the building products industry, serving original equipment manufacturers (OEMs).
Quanex Building Products Corporation (NYSE: NX) will release its fourth quarter and fiscal year 2021 results on December 16, 2021, after the market closes. A conference call to discuss the results is scheduled for December 17, 2021, at 11:00 a.m. ET. Investors can join the call via telephone or through a live audio webcast on the company's website. A telephonic replay will be available through December 24, 2021.
Quanex specializes in manufacturing energy-efficient components for the building products industry, including fenestration products and kitchen and bath cabinet components.
Quanex Building Products Corporation (NYSE: NX) announced the immediate appointment of Jason D. Lippert to its Board of Directors. William C. Griffiths will retire as Executive Chairman on February 21, 2022, but will remain as Non-Executive Chairman. Joseph D. Rupp will retire as a Director at the end of his current term. CEO George Wilson praised Lippert's leadership and operational expertise, indicating his addition will benefit shareholders. Griffiths expressed confidence in Lippert's ability to transform businesses positively, while acknowledging Rupp's contributions over the years.
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