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 Building Products Corporation (NYSE: NX) is a global manufacturer that supplies engineered components and materials to original equipment manufacturers in the window, door, solar, refrigeration, building access, custom mixing and cabinetry markets. This news page aggregates company announcements, earnings releases and other updates that Quanex provides to investors and the public.
Readers can find quarterly and annual earnings results, where Quanex reports net sales, margins, segment performance and non-GAAP metrics such as Adjusted Net Income, Adjusted EBITDA and Free Cash Flow. These releases often include commentary from management on business conditions, integration of the Tyman acquisition, progress on cost synergy targets, and observations about demand trends in its end markets.
The news feed also includes dividend declarations, detailing quarterly cash dividends on the company’s common stock, along with record and payment dates as disclosed by the Board of Directors. In addition, Quanex publishes updates on capital allocation, such as share repurchases under its authorized repurchase program and information about debt repayment and liquidity.
Corporate governance and leadership developments are another focus of Quanex’s news. The company issues press releases and related Form 8-K filings when it appoints new directors, assigns committee roles, or appoints senior officers such as its Chief Accounting Officer. These items provide background on appointees and describe how they fit into the company’s governance structure.
Investors and analysts can use this page to review Quanex’s earnings release schedules, conference call and webcast details, and follow-up replays as described in company announcements. By reviewing the sequence of press releases and associated SEC filings, users can track how Quanex communicates its financial performance, integration activities, dividend policy and board-level changes over time.
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.
Quanex Building Products Corporation (NYSE:NX) reported impressive Q3 2021 results with net sales of $279.9 million, up 32% year-over-year, driven by increased demand across all product lines. Gross margin decreased to 21.4% from 23.4% due to inflation and supply chain challenges. The net income rose to $13.6 million with diluted EPS at $0.41. The company strengthened its balance sheet, repaying $15 million in debt and maintaining liquidity of $306.2 million. For fiscal 2021, Quanex reaffirms sales guidance of $1.04 billion to $1.06 billion.
Quanex Building Products Corporation (NYSE:NX) has announced a quarterly cash dividend of $0.08 per share. This dividend will be payable on September 30, 2021, to shareholders on record as of September 16, 2021. As a leading manufacturer in the building products sector, Quanex specializes in designing and producing energy-efficient fenestration products and kitchen and bath cabinet components.
Quanex Building Products Corporation (NYSE: NX) announced it will release its third quarter 2021 results on September 2, 2021, after market close. A conference call is scheduled for September 3, 2021, at 11:00 a.m. ET to discuss the results, accessible to investors via telephone and live audio webcast on the company’s website. A telephonic replay will be available until September 10, 2021. Quanex is known for manufacturing energy-efficient fenestration products and components for the building products industry.
Quanex Building Products Corporation (NYSE:NX) reported robust financial results for the quarter ending April 30, 2021. Net sales surged to $270.4 million, a 44.2% increase from the previous year, driven by significant demand across all segments. Gross margin improved to 22.9%, with net income rising to $14.5 million. The strong balance sheet allowed for the repayment of $25 million in bank debt and share repurchases of $2 million. The company anticipates continued growth, projecting net sales between $1.04 billion and $1.06 billion for the fiscal year, despite ongoing inflation and supply chain challenges.
Quanex Building Products Corporation (NYSE:NX) has declared a quarterly cash dividend of $0.08 per share on its common stock. This dividend is payable on June 30, 2021, to shareholders of record as of June 15, 2021. Quanex is a leading manufacturer of components for the building products industry, specializing in energy-efficient fenestration products and kitchen and bath cabinet components.