Quanex's Stock Up on Q3 Earnings & Sales Beat, Margins Down Y/Y [Yahoo! Finance]
Quanex Building Products Corporation (NX)
Last quanex building products corporation earnings: 12/11 04:15 pm
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Source: Yahoo! Finance
the adjusted earnings and net sales topped the Zacks Consensus Estimate. However, on a year-over-year basis, the bottom and top lines declined. The quarter's results reflect a year-over-year decline due to demand softness across the building products industry due to inflated interest rates and low consumer confidence. This downtrend was also reflected in the reduced sales contributions from the reportable segments of Quanex. Furthermore, a decrease in volumes, accompanied by lower operating leverage, pressurized the bottom line and the margins. Going forward, NX is optimistic about the gains from the recently acquired Tyman business. Also, it aims to capitalize on the existing commercial opportunities and absorb new innovative solutions. Following the result announcement, NX's shares jumped 12.3% in the after-hours trading session on Wednesday. NX's Q3 Discussion Quanex reported adjusted earnings of 73 cents per share, which surpassed the Zacks Consensus Estimate of 70 cents
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News
- Quanex Building Products Corporation (NYSE:NX) Looks Like A Good Stock, And It's Going Ex-Dividend Soon [Yahoo! Finance]Yahoo! Finance
- Quanex Building Products Co. (NYSE: NX) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $38.00 price target on the stock.MarketBeat
- Quanex Building Products Co. (NYSE: NX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Quanex Building Products Third Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Quanex Building Products Corporation (NX) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
NX
Earnings
- 9/5/24 - Beat
NX
Sec Filings
- 9/6/24 - Form 10-Q
- 9/5/24 - Form 8-K
- 9/3/24 - Form 4
- NX's page on the SEC website