Quanex Building ProductsNX
▲ PositiveCapitalrelevance
Returned to profitability with net income of $26.5M vs prior-year loss, adjusted EPS up, and debt repayment reducing leverage.
Impact on stocks 1
Industrials
Quanex Building ProductsQuanex Building Products reported third-quarter fiscal 2026 sales of $501.8 million, up 1.3% from a year earlier, and returned to profitability with net income of $26.5 million, or $0.58 per diluted share, compared with a net loss of $276 million in the prior-year period, which included a $302.3 million non-cash goodwill impairment. Adjusted EPS rose to $0.79 from $0.69, and adjusted EBITDA increased to $72.7 million from $70.3 million. The company cited uneven housing demand, with U.S. single-family starts down about 16% year over year, but noted pricing actions helped offset elevated costs. Management expects fourth-quarter revenue growth of 2% to 3% and adjusted EBITDA margin expansion of 50 to 75 basis points. Quanex repaid $42.25 million of debt during the quarter, reducing its leverage ratio to 2.8 times.
Quanex Building ProductsReturned to profitability with net income of $26.5M vs prior-year loss, adjusted EPS up, and debt repayment reducing leverage.