{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-23-003692","form_type":"8-K","ticker":"NX","cik":"0001423221","company_name":"Quanex Building Products CORP","filed_at":"2023-06-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.803371+00:00","generated_at":"2026-06-14T09:12:44.941964+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Quanex Q2 net sales $273.5M (-15.3% YoY); reaffirms FY 2023 guidance","bullets":["Net sales of $273.5M vs $322.9M YoY; diluted EPS $0.65 vs $0.80; adjusted diluted EPS $0.66 vs $0.80.","Adjusted EBITDA $39.9M, margin 14.6% vs 14.0% YoY; margin expansion in NA Cabinet Components and EU Fenestration.","Reaffirms FY 2023 outlook: net sales $1.12-1.16B, Adjusted EBITDA $130-142M.","Repaid $20M in bank debt; leverage ratio 0.6x (0.3x excl. finance leases); bought back $5.6M in stock.","Achieved synergy target for LMI Custom Mixing acquisition; customer inventory rebalancing impact moderating."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-23-003692","json":"https://secwatch.observer/filing/0001171843-23-003692.json","markdown":"https://secwatch.observer/filing/0001171843-23-003692.md","text":"https://secwatch.observer/filing/0001171843-23-003692.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1423221/000117184323003692/0001171843-23-003692-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1423221/000117184323003692/f8k_060123.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T09:12:44.941964+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"069e42ff75f7fb4050a2217ada1948669010e70f","claim":"Quanex Building Products CORP reported three months ended April 30, 2023 results: revenue $273.5, net income $21.5, EPS $0.65. Guidance reaffirmed.","evidence_excerpt":"QUANEX BUILDING PRODUCTS CORPORATION Q2 2023 Earnings Release Three Months Ended April 30, Six Months Ended April 30, ($ in millions, except per share data) 2023 2022 2023 2022 Net Sales $273.5 $322.9 $535.5 $589.9 Gross Margin $67.2 $73.2 $118.9 $128.4 Gross Margin % 24.6 % 22.7 % 22.2 % 21.8 % Net Income $21.5 $26.5 $23.4 $37.8 Diluted EPS $0.65 $0.80 $0.71 $1.13 Adjusted Net Income $21.7 $26.5 $27.8 $37.8 Adjusted Diluted EPS $0.66 $0.80 $0.84 $1.14 Adjusted EBITDA $39.9 $45.2 $60.4 $69.6 Adjusted EBITDA Margin % 14.6 % 14.0 % 11.3 % 11.8 % Cash Provided by (Used For) Operating Activities $35.3 $19.8 $38.5 ($1.9) Free Cash Flow $27.8 $13.4 $23.4 ($15.7)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1423221/000117184323003692/0001171843-23-003692-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended April 30, 2023"},{"label":"Revenue","value":"$273.5"},{"label":"Net income","value":"$21.5"},{"label":"EPS","value":"$0.65"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"8118d63f9a5a0331cfbf746b9e2680a94e6bfa98","claim":"Quanex Building Products CORP reported six months ended April 30, 2023 results: revenue $535.5, net income $23.4, EPS $0.71. Guidance reaffirmed.","evidence_excerpt":"QUANEX BUILDING PRODUCTS CORPORATION Q2 2023 Earnings Release Three Months Ended April 30, Six Months Ended April 30, ($ in millions, except per share data) 2023 2022 2023 2022 Net Sales $273.5 $322.9 $535.5 $589.9 Gross Margin $67.2 $73.2 $118.9 $128.4 Gross Margin % 24.6 % 22.7 % 22.2 % 21.8 % Net Income $21.5 $26.5 $23.4 $37.8 Diluted EPS $0.65 $0.80 $0.71 $1.13 Adjusted Net Income $21.7 $26.5 $27.8 $37.8 Adjusted Diluted EPS $0.66 $0.80 $0.84 $1.14 Adjusted EBITDA $39.9 $45.2 $60.4 $69.6 Adjusted EBITDA Margin % 14.6 % 14.0 % 11.3 % 11.8 % Cash Provided by (Used For) Operating Activities $35.3 $19.8 $38.5 ($1.9) Free Cash Flow $27.8 $13.4 $23.4 ($15.7)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1423221/000117184323003692/0001171843-23-003692-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"six months ended April 30, 2023"},{"label":"Revenue","value":"$535.5"},{"label":"Net income","value":"$23.4"},{"label":"EPS","value":"$0.71"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}