Quanex Building Products Corporation Common Stock (NX)
21.00
-0.72 (-3.31%)
Quanex Building Products Corp is a leading manufacturer of engineered materials and components for the building products industry
The company specializes in producing energy-efficient window and door components, as well as providing a range of innovative solutions designed to enhance the performance and sustainability of residential and commercial buildings. With a commitment to quality and innovation, Quanex focuses on delivering products that improve energy efficiency, durability, and overall performance, catering to the needs of builders, contractors, and manufacturers in the construction sector. Through its advanced manufacturing processes and strong customer relationships, Quanex aims to contribute to the evolution of sustainable building practices.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the home construction materials industry, including Quanex (NYSENX) and its peers.
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We are looking for value in the Industrials Sector because we are still in a strong bull market that has been not only one of the longest on record, but also has seen the S&P 500 get to one of its lofty valuations ever.
Building products company Quanex (NYSENX) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 66.6% year on year to $492.2 million. Its GAAP loss of $0.30 per share decreased from $0.83 in the same quarter last year.
Over the past six months, Quanex’s shares (currently trading at $28.81) have posted a disappointing 9.6% loss, well below the S&P 500’s 13% gain. This might have investors contemplating their next move.
Quanex Building Products expands its global reach with the acquisition of Tyman plc, bolstering its position as a premier supplier of building solutions. With a $1.1 billion enterprise value, this move enhances Quanex's geographic presence and product diversity, promising lucrative growth opportunities for investors.
Shares of Quanex Building Products Corporation (NYSENX) moved lower during Friday’s session after the company reported fourth-quarter financial results. Quanex Building Products shares fell 10.7% to $30.95 on Friday.
