---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-001554"
form_type: "8-K"
ticker: "NX"
cik: "0001423221"
company_name: "Quanex Building Products CORP"
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T06:52:22.655280+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Quanex Q1 revenue down 2% to $261.9M; net income drops 83%; guides FY Adj. EBITDA $130-142M

## Summary
- Net sales $261.9M (-1.9% YoY); net income $1.9M ($0.06 EPS) vs $11.2M ($0.34) YoY.
- Adjusted diluted EPS $0.18 vs $0.34; adjusted EBITDA $20.5M (7.8% margin) vs $24.4M (9.1%).
- NA Fenestration sales +4.3% (incl LMI); ex-LMI -7%; Cabinet Components -12.3%; EU Fenestration +3.9% ex-FX.
- Cash from ops improved to $3.1M from ($21.7M); liquidity $263M; total debt $155.1M (leverage 0.8x).
- FY2023 guidance: net sales $1.12B-$1.16B, Adj. EBITDA $130M-$142M; debt paydown and cost adjustments.

## SEC filing metadata
- accession: 0001171843-23-001554
- form_type: 8-K
- ticker: NX
- cik: 0001423221
- company_name: Quanex Building Products CORP
- filed_at: 2023-03-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1423221/000117184323001554/0001171843-23-001554-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1423221/000117184323001554/f8k_030923.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-001554
- JSON: https://secwatch.observer/filing/0001171843-23-001554.json
- Plain text: https://secwatch.observer/filing/0001171843-23-001554.txt

## Key facts
- Earnings Releases
  Quanex Building Products CORP reported three months ended January 31, 2023 results: revenue $261.9 million, net income $1.9 million, EPS $0.06. Guidance reaffirmed.
  - Period: three months ended January 31, 2023
  - Revenue: $261.9 million
  - Net income: $1.9 million
  - EPS: $0.06
  - Guidance: reaffirmed
  - Result: reported results
  source text: we were still able to pay down some debt towards the end of the first quarter and our leverage remains low.” First Quarter 2023 Results Summary The Company reported net sales of $261.9 million during the three months ended January 31, 2023, which represents a decrease of 1.9% compared to $267.0 million for the same period of 2022. The decrease was mostly attributable
  evidence_url: https://www.sec.gov/Archives/edgar/data/1423221/000117184323001554/0001171843-23-001554-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.