Quanex Q3 net sales $280M, down 6.4% YoY; closes Tyman acquisition, updates FY guidance

Quanex Building Products CORP

2024-Q3 EPS reported $1.42 revenue$785,701,000

Q3 net sales $280.3M (-6.4% YoY); diluted EPS $0.77 vs $0.96; adjusted EPS $0.73 vs $0.97.
Adjusted EBITDA $42.0M (15.0% margin) down from $48.5M (16.2%) due to softer demand and higher costs.
Closed Tyman acquisition on Aug 1, 2024; integration underway; expects accretion within first full year.
Updated FY2024 guidance: net sales $1.275B-$1.285B; Adjusted EBITDA $171M-$176M (includes Tyman Q4).
Free cash flow $40.1M in Q3; net debt-free prior to Tyman closing.

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