Quanex reports record Q3 earnings; raises FY Adjusted EBITDA guidance to $150-155M

Quanex Building Products CORP

2023-Q3 EPS reported $1.67 revenue$835,091,000

Q3 net sales $299.6M (-7.5% YoY); gross margin expanded to 26.2% from 22.4%.
Diluted EPS $0.96 vs $0.78 YoY; Adjusted EBITDA $48.5M (16.2% margin).
Repaid $25M in bank debt; leverage ratio improved to 0.3x net debt/LTM Adj. EBITDA.
FY 2023 net sales guidance ~$1.125B (lower end); Adj. EBITDA guidance raised to $150-155M.
Management cites improving demand and operational efficiency across all segments.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Quanex Building Products CORP reported three months ended July 31, 2023 results: revenue $299.6 million, net income $31.7 million, EPS $0.96 per diluted share. Guidance raised.

Period: three months ended July 31, 2023
Revenue: $299.6 million
Net income: $31.7 million
EPS: $0.96 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

The Company reported net sales of $299.6 million during the three months ended July 31, 2023

View on SEC.gov

Browse all earnings releases →

Quanex Building Products CORP filing history →

Source: SEC EDGAR

accession 0001171843-23-005513

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.