secwatch.observer — SEC 8-K summary
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Issuer:     Quanex Building Products CORP (NX)
CIK:        0001423221
Form:       8-K
Filed at:   2022-12-15T23:59:59+00:00
Accession:  0001171843-22-008077
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quanex reports record FY2022 revenue of $1.22B, EPS $2.66; repays $25M debt
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- Q4 net sales $307.5M (+5.4% YoY); FY net sales $1.22B (+13.9% YoY).
- Q4 diluted EPS $0.75; FY diluted EPS $2.66; adjusted FY EPS $2.68.
- Q4 free cash flow $34.5M; FY free cash flow $64.8M. Repaid $25M bank debt.
- Net debt to LTM Adjusted EBITDA improved to (0.2x), net debt free.
- Acquired LMI Custom Mixing assets on Nov 1 for $92M cash; guidance withheld until Q1 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423221/000117184322008077/0001171843-22-008077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423221/000117184322008077/f8k_121522.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-008077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer