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AI brief of an SEC Form 8-K · Quanex Building Products (NX)

Quanex Q3 sales fall 6.4% to $280.3 million; diluted EPS $0.77 vs $0.96

Negative Impact 4 of 5 earnings Written later

Quanex reported fiscal third-quarter 2024 results for the three months ended July 31, 2024, with net sales down 6.4% from a year earlier and diluted EPS down to $0.77 from $0.96. The company said prior 2024 guidance no longer applies after the Tyman acquisition closed August 1, 2024, and issued new full-year estimates that include Tyman's contribution.

Key points

  • Net sales were $280.3 million vs. $299.6 million a year earlier; net income was $25.4 million vs. $31.7 million.
  • Adjusted diluted EPS was $0.73 vs. $0.97; Adjusted EBITDA was $42.0 million vs. $48.5 million.
  • New fiscal 2024 estimates: net sales of $1.275 billion to $1.285 billion and Adjusted EBITDA of $171 million to $176 million.
  • Management cited softer demand and lower operating leverage; a conference call is scheduled for September 6, 2024 at 11:00 a.m. ET.

The filing

CompanyQuanex Building Products (NX)
Form8-K, current report
Filed with the SECSep 5, 2024, 4:18 PM ET
Accession number0001171843-24-005085

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 05, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.