Quanex Build SEC Filings

Quanex Building Products reported slightly higher quarterly sales but a much smaller loss. Net sales rose to $409.1 million from $400.0 million, while net loss improved to $4.1 million from $14.9 million, helped by lower restructuring charges and reduced interest expense.

The Hardware and Custom Solutions segments grew modestly, while Extruded Solutions was flat. Operating income turned positive at $2.9 million versus a prior-year loss, and comprehensive income benefited from foreign currency translation gains. Debt tied to the Tyman acquisition remained significant, with $707.2 million of total debt outstanding.

Quanex Building Products reported first quarter 2026 net sales of $409.1 million, up 2.3% from $400.0 million a year earlier, helped by foreign exchange and tariff pass-throughs. Gross margin improved to 24.1% from 23.1%, reflecting slightly better profitability on each dollar of sales.

The Company posted a net loss of $4.1 million, or $0.09 per diluted share, narrower than the $14.9 million loss, or $0.32 per share, in 2025. However, Adjusted EBITDA declined to $27.4 million from $38.5 million, and adjusted EBITDA margin fell to 6.7% from 9.6%, mainly due to lower volumes and higher temporary costs at its Monterrey, Mexico hardware plant.

Free cash flow was negative $31.5 million, with $20.2 million of cash used for operating activities. As of January 31, 2026, Quanex reported total debt of $717.5 million, Net Debt of $655.2 million and a leverage ratio of 2.8x, against liquidity of $331.6 million.

For full year 2026, Quanex expects consolidated net sales between $1.84 billion and $1.87 billion and Adjusted EBITDA of $240 million to $245 million, anticipating a more challenging first half and an improved second half as demand and consumer confidence recover.

Quanex Building Products Corporation reported governance updates and results from its Annual Meeting of Stockholders. The Board approved Fifth Amended and Restated Bylaws after a comprehensive review to modernize them consistent with applicable law and to add various technical and conforming changes.

At the Annual Meeting held on February 26, 2026, 45,938,400 shares were entitled to vote and 39,532,896 shares were represented in person or by proxy. Stockholders elected eight directors for terms expiring at the 2027 Annual Meeting, with each nominee receiving at least 90.54% of votes cast in favor, excluding abstentions and broker non-votes. Stockholders also approved, on an advisory basis, named executive officer compensation with 97.82% of votes cast in favor and ratified the company’s independent auditor with 99.69% of votes cast in favor.

Quanex Building Products Corp director Bradley E. Hughes acquired 1,370.140 Phantom Stock Units on February 26, 2026 as a grant under the company’s Deferred Compensation Plan for director compensation. Each unit is economically equivalent to one share of common stock, and distributions will be made in cash. Following this award, Hughes holds a total of 15,786.570 phantom stock units, including 74.529 units credited through automatic dividend reinvestment.

Quanex Building Products director Manish H. Shah reported an acquisition of 1,139.090 Phantom Stock Units on February 26, 2026 as a grant under a Deferred Compensation Plan, at an assigned value of $20.85 per unit. After this award, his account holds a total of 6,597.723 phantom units, which are economically equivalent to the company’s common shares but are settled in cash at a future date or upon certain events such as death, disability, or termination of service.

Quanex Building Products director William E. Jr. Waltz acquired 1,205.780 Phantom Stock Units as a grant under the company’s Deferred Compensation Plan, reflecting deferred director compensation. Each unit is the economic equivalent of one share of common stock and is payable in cash at a future date or upon death, disability, or termination of service as a director.

Following this award, Waltz holds a total of 21,785.861 Phantom Stock Units, which includes 106.499 units credited through automatic dividend reinvestment under the plan.

LIPPERT JASON reported acquisition or exercise transactions in this Form 4 filing.

Quanex Building Products director Jason Lippert reported an award of 1,139.090 Phantom Stock Units on the company’s deferred compensation plan, at a reference price of $20.85 per unit. Each unit is the economic equivalent of one common share, and plan distributions are paid in cash at future dates or upon qualifying events.

After this grant and related activity, Lippert holds a total of 17,883.280 Phantom Stock Units credited to his account, including units added through automatic dividend reinvestment under the plan.

Quanex Building Products director Mary Katherine Lawler reported an acquisition of phantom stock units through the company’s Deferred Compensation Plan. She was credited with 1,139.090 phantom stock units at a reference price of $20.85 per unit, representing deferred director compensation and automatic dividend reinvestment.

Each phantom stock unit is the economic equivalent of one share of common stock, but distributions are made in cash at a later time such as a specified date or upon death, disability, or termination of service. After this credit, her account reflects a total of 2,291.423 phantom stock units, including 5.963 units from automatic dividend reinvestment.

Quanex Building Products Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share on its common stock. The dividend will be paid on March 31, 2026, to shareholders who are on record as of March 17, 2026.