Quanex Building Products reported a 1.3% increase in net sales to $501.8 million for Q3 2026, with adjusted EBITDA rising to $72.7 million from $70.3 million a year earlier. Net income swung to $26.5 million, or $0.58 per diluted share, from a net loss of $276 million in Q3 2025, while adjusted net income reached $36 million, or $0.79 per share. The company repaid $42.25 million of debt and repurchased $1.7 million of stock, boosting liquidity to approximately $363 million and lowering its leverage ratio to 2.8 times. Segment performance was mixed: Hardware Solutions net sales dipped slightly to $220.9 million but adjusted EBITDA improved to $27.1 million, Extruded Solutions revenue rose 2.8% to $179.3 million with adjusted EBITDA down to $35.6 million, and Custom Solutions net sales grew 8.5% to $111 million with adjusted EBITDA falling to $12 million. Management highlighted new business wins and tariff-related insourcing opportunities, while cautioning on weak new construction and elevated costs.
Quanex Building ProductsQ3 revenue growth, net income swing to profit, debt reduction, and stock repurchase.
China Dvlp Bk Finl Leasing Co