---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-001230"
form_type: "8-K"
ticker: "NX"
cik: "0001423221"
company_name: "Quanex Building Products CORP"
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T01:22:17.493266+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Quanex Q1 revenue down 8.7% to $239.2M; guides FY2024 Adj. EBITDA $145-150M

## Summary
- Diluted EPS $0.19 vs $0.06; adjusted diluted EPS $0.18 vs $0.18 year-over-year.
- Gross margin expanded to 21.5% from 19.8% on lower raw material costs.
- North American Cabinet Components segment sales fell 21.1%; Fenestration down 3.3%.
- Repaid $5M in bank debt; total debt $65.2M; net leverage unchanged at 0.1x.
- FY2024 revenue guidance ~$1.1B; adjusted EBITDA $145M-$150M.

## SEC filing metadata
- accession: 0001171843-24-001230
- form_type: 8-K
- ticker: NX
- cik: 0001423221
- company_name: Quanex Building Products CORP
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1423221/000117184324001230/0001171843-24-001230-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1423221/000117184324001230/f8k_030724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-001230
- JSON: https://secwatch.observer/filing/0001171843-24-001230.json
- Plain text: https://secwatch.observer/filing/0001171843-24-001230.txt

## Key facts
- Earnings Releases
  Quanex Building Products CORP reported fiscal 2024 results: revenue $1.1 billion. Guidance initiated.
  - Period: fiscal 2024
  - Revenue: $1.1 billion
  - Guidance: initiated
  - Result: guidance update
  source text: Based on conversations with our customers, recent demand trends, and the latest macro data, we are now comfortable providing guidance for fiscal 2024. Overall, on a consolidated basis, we estimate we will generate net sales of approximately $1.1 billion, which we expect will yield approximately $145 million to $150 million in Adjusted EBITDA* in fiscal 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1423221/000117184324001230/0001171843-24-001230-index.htm
- Earnings Releases
  Quanex Building Products CORP reported three months ended January 31, 2024 results: revenue $239.2 million, net income $6.2 million, EPS $0.19.
  - Period: three months ended January 31, 2024
  - Revenue: $239.2 million
  - Net income: $6.2 million
  - EPS: $0.19
  - Result: reported results
  source text: and we continue to be positioned well to explore and evaluate both organic and inorganic growth opportunities.” First Quarter 2024 Results Summary Quanex reported net sales of $239.2 million during the three months ended January 31, 2024, which represents a decrease of 8.7% compared to $261.9 million for the same period of 2023. The decrease was largely attributable
  evidence_url: https://www.sec.gov/Archives/edgar/data/1423221/000117184324001230/0001171843-24-001230-index.htm

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