---
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"
generated_at: "2026-06-14T09:12:44.941964+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Quanex Q2 net sales $273.5M (-15.3% YoY); reaffirms FY 2023 guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-003692
- JSON: https://secwatch.observer/filing/0001171843-23-003692.json
- Plain text: https://secwatch.observer/filing/0001171843-23-003692.txt

## Key facts
- Earnings Releases
  Quanex Building Products CORP reported three months ended April 30, 2023 results: revenue $273.5, net income $21.5, EPS $0.65. Guidance reaffirmed.
  - Period: three months ended April 30, 2023
  - Revenue: $273.5
  - Net income: $21.5
  - EPS: $0.65
  - Guidance: reaffirmed
  - Result: reported results
  source text: QUANEX BUILDING PRODUCTS CORPORATION Q2 2023 Earnings Release Three Months Ended April 30, Six Months Ended April 30, ($ 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_url: https://www.sec.gov/Archives/edgar/data/1423221/000117184323003692/0001171843-23-003692-index.htm
- Earnings Releases
  Quanex Building Products CORP reported six months ended April 30, 2023 results: revenue $535.5, net income $23.4, EPS $0.71. Guidance reaffirmed.
  - Period: six months ended April 30, 2023
  - Revenue: $535.5
  - Net income: $23.4
  - EPS: $0.71
  - Guidance: reaffirmed
  - Result: reported results
  source text: QUANEX BUILDING PRODUCTS CORPORATION Q2 2023 Earnings Release Three Months Ended April 30, Six Months Ended April 30, ($ 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_url: https://www.sec.gov/Archives/edgar/data/1423221/000117184323003692/0001171843-23-003692-index.htm

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