secwatch.observer — SEC 8-K summary
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Issuer:     Quanex Building Products CORP (NX)
CIK:        0001423221
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0001171843-23-001554
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423221/000117184323001554/0001171843-23-001554-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423221/000117184323001554/f8k_030923.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-001554

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