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Quanex Building Products Corporation

NX

Quanex Building Products Corporation • NYSE
$12.96 ▲ 0.70% (+0.09)
Market Cap $594.56 M
52w High $29.83
52w Low $11.04
Dividend Yield 0.32%
P/E -2.04
Volume 264.07K
Outstanding Shares 45.88M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $495.273M ▲ $374.921M ▲ $-276.007M ▼ -55.728% ▼ $-5.95 ▼ $-236.098M ▼
Q2-2025 $452.478M ▲ $90.461M ▼ $20.515M ▲ 4.534% ▲ $0.44 ▲ $59.954M ▲
Q1-2025 $400.044M ▼ $99.294M ▼ $-14.885M ▼ -3.721% ▼ $-0.32 ▼ $18.991M ▼
Q4-2024 $492.161M ▲ $114.22M ▲ $-13.917M ▼ -2.828% ▼ $-0.3 ▼ $30.159M ▼
Q3-2024 $280.345M $36.509M $25.35M 9.042% $0.77 $43.869M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $66.272M ▲ $1.973B ▼ $1.255B ▼ $717.391M ▼
Q2-2025 $62.626M ▲ $2.308B ▲ $1.307B ▲ $1.002B ▲
Q1-2025 $49.982M ▼ $2.22B ▼ $1.248B ▼ $972.116M ▼
Q4-2024 $97.744M ▲ $2.32B ▲ $1.309B ▲ $1.011B ▲
Q3-2024 $93.966M $872.45M $278.314M $594.136M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-276.007M ▼ $60.656M ▲ $-14.467M ▲ $-57.059M ▼ $3.129M ▼ $46.204M ▲
Q2-2025 $20.515M ▲ $28.497M ▲ $-14.713M ▼ $-8.348M ▲ $9.329M ▲ $13.577M ▲
Q1-2025 $-14.885M ▼ $-12.51M ▼ $-11.455M ▲ $-21.972M ▼ $-47.527M ▼ $-24.134M ▼
Q4-2024 $-13.917M ▼ $5.479M ▼ $-397.274M ▼ $410.612M ▲ $9.029M ▼ $-8.172M ▼
Q3-2024 $25.35M $46.388M $-6.23M $-3.569M $37.817M $40.136M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
EU Fenestration
EU Fenestration
 $60.00M ▲$0 ▼$50.00M ▲$60.00M ▲
NA Cabinet Components
NA Cabinet Components
 $50.00M ▲$50.00M ▲$40.00M ▼$50.00M ▲
NA Fenestration
NA Fenestration
 $170.00M ▲$0 ▼$130.00M ▲$150.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Quanex’s sales have generally trended upward, with the most recent year showing higher revenue but noticeably weaker profitability. Margins have compressed, and net earnings per share are well below the prior couple of years, suggesting cost pressures, integration expenses, or acquisition-related impacts. The underlying business still appears capable of generating solid gross profit, but the company is currently earning less on each dollar of sales than it did recently. Overall, this looks like a transition year where growth in scale has come at the expense of near‑term earnings strength.

Balance Sheet

Balance Sheet The balance sheet has changed dramatically with the Tyman acquisition: total assets are now much larger, but so is the debt load. Equity has increased, which is positive, but leverage is clearly higher than in previous years, making the company more sensitive to interest costs and business downturns. Cash on hand has improved only modestly compared with the jump in debt, so flexibility now depends more on consistent cash generation than on cash reserves. The key question going forward is whether the expanded asset base can reliably support the higher level of obligations.

Cash Flow

Cash Flow Quanex continues to generate positive cash from operations and positive free cash flow, but recent cash inflows from the business are softer than in the prior year despite higher sales. Capital spending remains disciplined and relatively modest, which helps keep free cash flow positive even in a weaker profit year. The pattern suggests a business that can fund its investments and interest needs internally, but with less cushion than before while integration and margin pressures are working through the system. Sustained improvement in cash conversion will be important, given the higher debt burden.

Competitive Edge

Competitive Edge Quanex occupies a focused, defensible niche in building products, centered on engineered components for windows, doors, and cabinets rather than commodity materials. Its long‑standing relationships with large manufacturers, deep integration into customers’ designs and processes, and reputation for reliability create meaningful switching costs and a practical competitive moat. The Tyman acquisition significantly expands its geographic reach and product range, especially in hardware, giving it more opportunities to be a one‑stop partner for OEMs. The main competitive risks are exposure to cyclical construction and renovation markets, pricing pressure from large customers, and the complexity of integrating a larger global footprint without losing service quality.

Innovation and R&D

Innovation and R&D Innovation at Quanex is rooted in material science and process engineering, with flagship technologies like Super Spacer insulating glass systems and Mikron vinyl formulations focused on energy efficiency, durability, and performance. The company emphasizes co‑development with OEM customers, tailoring components to specific needs, which effectively embeds its engineering teams into customers’ product roadmaps. The Tyman deal adds more R&D capability and a broader hardware portfolio, potentially accelerating new product development and cross‑selling. Looking ahead, Quanex is exploring adjacent applications such as solar components and other insulated products, and is aligning its innovation themes around sustainability and energy efficiency, which could be attractive long‑term growth areas if executed well.

Summary

Quanex is in the middle of a strategic step‑up: moving from a smaller, steady niche manufacturer to a larger, more globally diversified engineered‑components platform. Recent financials show the typical growing pains of this kind of move—higher revenue and scale, but weaker earnings and softer cash flow as integration, costs, and possibly higher interest expenses weigh on results. The stronger moat comes from specialized products, long‑term OEM relationships, and deep engineering support, all reinforced by the Tyman acquisition, but this now sits on a more leveraged balance sheet that raises execution and cycle‑related risk. The company’s future trajectory will largely depend on how well it integrates Tyman, restores margins, and converts its innovation and sustainability focus into profitable growth while managing the higher debt profile.

NEWS

November 26, 2025 · 4:15 PM UTC

Quanex Building Products Announces Fourth Quarter and Full Year 2025 Earnings Release and Conference Call Schedule

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November 19, 2025 · 3:30 AM UTC

NX Deadline: NX Investors Have Opportunity to Lead Quanex Building Products Corporation Securities Fraud Lawsuit

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November 18, 2025 · 10:33 PM UTC

NX DEADLINE: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Quanex Building Products Corporation Investors to Secure Counsel Before Important November 18 Deadline in Securities Class Action - NX

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November 18, 2025 · 4:35 PM UTC

NX Investors Have Opportunity to Lead Quanex Building Products Corporation Securities Fraud Lawsuit with the Schall Law Firm

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November 18, 2025 · 9:51 AM UTC

NX FINAL DEADLINE: Faruqi & Faruqi, LLP Announces that Quanex Building Products Investors Have Opportunity to Lead Class Action Lawsuit

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