secwatch.observer — SEC 8-K summary
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Issuer:     Quanex Building Products CORP (NX)
CIK:        0001423221
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001171843-24-001230
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423221/000117184324001230/0001171843-24-001230-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423221/000117184324001230/f8k_030724.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-001230

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