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.
Quanex Building Products Corporation (NYSE: NX) plans to release its second quarter 2021 financial results on June 3, 2021, after market close. A conference call for investors is scheduled for June 4, 2021, at 11:00 a.m. ET, where details regarding the results will be discussed. Investors can join by phone or through a live audio webcast available on Quanex’s website. The company is known for manufacturing energy-efficient components for the building products industry, including fenestration products and cabinet components.
Quanex Building Products Corporation (NYSE:NX) reported strong financial results for the quarter ended January 31, 2021, with net sales increasing by 17.1% to $230.1 million compared to $196.6 million in 2020. Gross margin improved from 19.9% to 23.4%, reflecting solid growth across all operating segments. Net income rose to $7.9 million, while adjusted EBITDA reached $24.3 million, up from $15.7 million the previous year. The company also maintained a strong balance sheet with $113.6 million in total debt. Positive outlooks project 12% sales growth in North American Fenestration for 2021.
Quanex Building Products Corporation (NYSE: NX) will release its first quarter 2021 results on March 4, 2021, post-market hours. A conference call to discuss these results is scheduled for March 5, 2021, at 11:00 a.m. ET. Investors can join via phone or through a live audio webcast on the company's website. A telephonic replay will be available until March 12, 2021. Quanex specializes in manufacturing components for Original Equipment Manufacturers in the building products sector, focusing on energy-efficient products.
Quanex Building Products Corporation (NYSE:NX) reported strong performance in 4Q20, achieving net sales of $255.4 million, a 6.3% increase year-over-year, and a net income of $22.2 million, compared to a loss of $30.9 million in 4Q19. The gross margin improved to 25.9%, driven by higher volumes and lower raw material costs. For FY20, net sales totaled $851.6 million, down from $893.8 million in FY19. The company generated free cash flow of $75.1 million, repaid $35 million in bank debt, and maintained a leverage ratio of 0.6x. Looking ahead, Quanex anticipates net sales of $900 million to $920 million for FY21.
Quanex Building Products Corporation (NYSE:NX) has announced a quarterly cash dividend of $0.08 per share, payable on December 30, 2020, to shareholders on record as of December 16, 2020. This dividend reflects the company's commitment to providing returns to its shareholders while maintaining its status as a leading manufacturer of energy-efficient building products.
Quanex's innovative offerings in fenestration and cabinetry highlight its competitive edge in the building products industry. Investors can look forward to this cash dividend as a sign of the company's ongoing stability and performance.
Quanex Building Products Corporation (NYSE: NX) will release its fourth quarter and fiscal year 2020 results on December 10, 2020, after NYSE trading closes. A conference call is scheduled for December 11, 2020, at 11:00 a.m. ET to discuss the results, with participation via a dedicated phone line. A live audio webcast will be available on the company’s website. A telephonic replay will be accessible until December 18, 2020, for those who miss the live call.
Quanex Building Products Corporation (NYSE: NX) announced William E. Waltz's appointment to its Board of Directors, effective October 7, 2020. President George Wilson expressed confidence in Waltz's global manufacturing expertise and strategic vision to enhance shareholder value. Bill Griffiths, Executive Chairman, highlighted Waltz's leadership and critical insights as invaluable for the company. Waltz has prior experience as CEO of Atkore International Group Inc. and has held significant roles in Strategic Materials Inc. and Pentair plc. His extensive background positions him to contribute positively to Quanex's growth.
Quanex Building Products Corporation (NYSE:NX) reported its Q3 results for the period ending July 31, 2020. Key highlights include:
- Net Sales: $212.1 million, down from $238.5 million year-over-year
- Gross Margin: $49.7 million with a margin of 23.4%
- Net Income: $10.8 million, compared to $11.8 million in 2019
- Operating Cash Flow: Increased over 50% to $45.1 million
- Debt Repayment: $78 million, improving leverage ratios
Management remains optimistic about recovery and provided guidance for 2020 net sales between $832 million and $837 million.
Quanex Building Products Corporation (NYSE:NX) reported second-quarter financial results for the period ended April 30, 2020. Key figures include net sales of $187.5 million, a gross margin of $37.7 million (20.1%), and net income of $5.5 million. Despite challenges due to COVID-19, the company experienced Adjusted EBITDA margin expansion in the North American Fenestration segment. Liquidity as of April 30, 2020, stood at $189.3 million, with a leverage ratio of 1.4x. The Board declared a quarterly cash dividend of $0.08 per share, payable on June 30, 2020.
Quanex Building Products Corporation (NYSE: NX) will release its second quarter 2020 results on June 4, 2020, following market close. A conference call to discuss the results is scheduled for June 5, 2020, at 11:00 a.m. ET, accessible via phone or through a live audio webcast on their website. A replay of the call will be available until June 12, 2020. Quanex, a leader in manufacturing components for the building products industry, specializes in energy-efficient fenestration and cabinet components.