Quanex reports fiscal Q4 adjusted EPS $0.95 vs $0.75 YoY; revenue down 3.9% to $295.5M

Quanex Building Products CORP

2023-FY EPS reported $2.50 revenue$1,130,583,000

Q4 net sales $295.5M (-3.9% YoY); full-year net sales $1.13B (-7.4% YoY).
Q4 adjusted EBITDA $50.8M (17.2% margin vs 12.6% a year ago); margin expanded in all segments.
Repaid $40M in bank debt during Q4; leverage ratio dropped to 0.1x net debt / EBITDA.
Full-year free cash flow $109.7M (record); cash provided by operations $147.1M.
Management declines to provide FY2024 guidance, citing macroeconomic uncertainty; to revisit after Q1.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Quanex Building Products CORP reported the three months and twelve months ended October 31, 2023 results: revenue $295.5 million, net income $27.4 million, EPS $0.83.

Period: the three months and twelve months ended October 31, 2023
Revenue: $295.5 million
Net income: $27.4 million
EPS: $0.83
Result: reported results

Exact text from the filing

and Disclaimers section and Free Cash Flow reconciliation table for additional information) Fourth Quarter and Fiscal 2023 Results Summary Quanex reported net sales of $295.5 million during the three months ended October 31, 2023, which represents a decrease of 3.9% compared to $307.5 million for the same period of 2022. The Company reported net sales of

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Source: SEC EDGAR

accession 0001171843-23-007578

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