Quanex Q2 net sales $266.2M (-2.7% YoY); diluted EPS $0.46 vs $0.65; reaffirms FY guidance

Quanex Building Products CORP

2024-Q2 EPS reported $0.65 revenue$505,356,000

Net sales $266.2M, down 2.7% YoY; net income $15.4M ($0.46 diluted EPS) vs $21.5M ($0.65) YoY.
Adjusted EPS $0.66 (flat YoY); adjusted EBITDA $40.0M, margin 15.0% vs 14.6%.
North American Fenestration segment net sales +1.8% YoY; European Fenestration -10.4% excluding FX.
Reaffirmed FY2024 guidance: net sales ~$1.1B, Adjusted EBITDA $145M-$150M.
Repaid $10M bank debt; no outstanding revolver draws; Tyman acquisition on track for 2H24.

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