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 manufactures engineered components and material-science solutions for OEMs in the window, door, solar, refrigeration, custom mixing, building access and cabinetry markets. News about Quanex commonly covers quarterly and annual results, demand conditions in its end markets, cash flow, debt repayment, liquidity under its senior secured revolving credit facility, and cash dividends on its common stock.
Company updates also address segment reporting following the integration of Tyman, leadership appointments within Hardware Solutions, board composition, and operating priorities across Quanex’s global manufacturing platform.
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.
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.