Quanex Building Products Corp (NX) said after close Thursday that it earned $0.66 per share in quarter two 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $273.5 million, beating estimates by $3.1 million.
In the same quarter a year ago, the company earned $0.8 per share on revenue of $322.9 million.
The stock is up 20.92% to $25.49 after the report.
Quanex Building Products Corp's profit margins took a hit as earnings fell at a faster pace than revenues.
Trading in the five days leading up to the report earned Quanex Building Products Corp a Neutral Sentiment Rank from InvestorsObserver.
Quanex Building Products Corp has performed a little above average during the past few months. Before the report, Quanex Building Products Corp received a Long-Term Technical Rank by InvestorsObserver of 57, putting it in the top half of stocks. The firm set a 52-week high on February 3, 2023 at $27.04 and set a 52-week low on September 29, 2022 at $18.
Quanex Building Products Corp is a manufacturer of components sold to original equipment manufacturers in the building products industry. It manufactures engineered products like window components that include flexible insulating glass spacers, extruded vinyl profiles, window and door screens, solar panel sealants and precision-formed metal and wood products among others. Its three operating segments are North American Fenestration being the key revenue driver, European Fenestration, and North American Cabinet Components. Geographically, it derives a majority of revenue from the United States.
News Home
Quanex Building Products Corp Up 20.92% To $25.49 After Earnings Beat
Mentioned in this article
