Quanex Building Products Corporation
- Open
- 17.74
- Day high
- 18.31
- Day low
- 17.40
- Prev close
- 17.66
- Volume
- 190K
- Mkt cap
- $840M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 1.2
- P/S
- 0.5
- Yield
- 1.75%
- Per share
- $0.32
Quanex Building Products Corporation (NX) is a Industrials company listed on NYSE. The stock is down 4% over the past year.
Quanex Building Products Corporation (NX) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
NX earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jun 5, 2026 | $0.22 | $0.25 | +13.6% | $462M | +0.7% |
| Mar 6, 2026 | $-0.06 | $-0.01 | +82.6% | $409M | -7.3% |
| Dec 11, 2025 | $0.50 | $0.83 | +66.0% | $490M | +24.8% |
| Sep 4, 2025 | $0.85 | $0.69 | -18.8% | $495M | +4.8% |
| Jun 5, 2025 | $0.48 | $0.60 | +25.0% | $452M | +3.0% |
| Mar 10, 2025 | $-0.06 | $0.19 | +416.7% | $400M | -9.4% |
| Dec 12, 2024 | $0.56 | $0.61 | +8.9% | $492M | +0.2% |
| Sep 5, 2024 | $0.71 | $0.73 | +2.8% | $280M | -36.5% |
| Jun 6, 2024 | $0.53 | $0.66 | +24.5% | $266M | -8.8% |
| Mar 7, 2024 | $0.11 | $0.18 | +63.6% | $239M | +3.3% |
| Dec 14, 2023 | $0.70 | $0.95 | +35.7% | $295M | +1.5% |
| Aug 31, 2023 | $0.65 | $0.97 | +49.2% | $300M | +0.5% |
NX insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 1, 2026 | Waltz William E Jr.director | Grant | 1,328 | — |
| Jun 1, 2026 | Lawler Mary Katherinedirector | Grant | 1,261 | — |
| Jun 1, 2026 | Shah Manish Hdirector | Grant | 1,261 | — |
| Jun 1, 2026 | Hughes Bradley E.director | Grant | 1,726 | — |
| Jun 1, 2026 | LIPPERT JASONdirector | Grant | 1,261 | — |
| Feb 27, 2026 | Waltz William E Jr.director | Grant | 1,206 | — |
| Feb 27, 2026 | Hughes Bradley E.director | Grant | 1,370 | — |
| Feb 27, 2026 | Lawler Mary Katherinedirector | Grant | 1,139 | — |
| Feb 27, 2026 | LIPPERT JASONdirector | Grant | 1,139 | — |
| Feb 27, 2026 | Shah Manish Hdirector | Grant | 1,139 | — |
| Dec 18, 2025 | Teleios Capital Partners GmbH10 percent owner, other: OBSERVER SEAT ON BOARD | Sell | 80,515 | $16.51 |
| Dec 18, 2025 | Teleios Capital Partners GmbH10 percent owner, other: OBSERVER SEAT ON BOARD | Sell | 119,485 | $15.94 |
| Dec 8, 2025 | Garcia Kimberleyofficer: VP, CHRO | Grant | 9,100 | — |
| Dec 8, 2025 | Waltz William E Jr.director | Grant | 1,739 | — |
| Dec 8, 2025 | Navascues Jessicaofficer: VP - Operations Excellence | Grant | 5,200 | — |
Source: NX SEC Form 4 filings, latest Jun 1, 2026. For informational purposes only — not investment advice.
See the full NX insider & 13F page →Quanex Building Products Corporation company profile
Overview
Quanex Building Products Corporation (NYSE:NX) is a Houston-based manufacturer of specialized components for the building products industry, founded in 1927. The company has evolved from its origins into a diversified supplier serving the fenestration (windows and doors) and cabinet industries across North America and Europe. In August 2024, Quanex completed a transformational acquisition of Tyman plc, a UK-based hardware manufacturer, significantly expanding its product portfolio and global reach. The company is currently restructuring its operations into three new segments focused on hardware solutions, extruded solutions, and custom solutions to leverage synergies from this major acquisition.
Business
Quanex operates in the building products manufacturing industry, specifically serving the fenestration and cabinet markets. Fenestration refers to the design and arrangement of windows, doors, and other openings in buildings - essentially the components that allow light and air into structures while providing security and insulation. The company's core products include several specialized components that most consumers never see but are critical to building performance: Flexible insulating glass spacers are thin strips that separate the glass panes in double or triple-pane windows, creating the insulating air gap that improves energy efficiency. Extruded vinyl profiles are the plastic frames and structural components used in vinyl windows and doors. Window and door screens provide insect protection while allowing airflow. The company also manufactures precision-formed metal components including hinges, handles, locks, and other hardware that enable windows and doors to function properly. Beyond fenestration, Quanex produces cabinet doors and components for kitchen and bathroom cabinetry manufacturers. The company also offers various non-fenestration products including solar panel sealants, trim moldings, vinyl decking and fencing, and water retention barriers. Following the 2024 Tyman acquisition, the company is restructuring into three business segments: Hardware Solutions (locks, handles, hinges), Extruded Solutions (vinyl profiles, spacers), and Custom Solutions (screens, cabinet components, specialty products). Prior to restructuring, revenue was distributed approximately: North American Fenestration (~51%), European Fenestration (~18%), North American Cabinet Components (~15%), and the newly acquired Tyman business (~16%).
Revenue model
Quanex generates revenue primarily through product sales to original equipment manufacturers (OEMs) in the building products industry. The company sells its components to window and door manufacturers, cabinet makers, and other building product companies who incorporate these components into their finished products sold to contractors, builders, and ultimately homeowners. The business model relies on being a specialized supplier of engineered components that require specific manufacturing capabilities and technical expertise. Customers value Quanex's ability to provide consistent quality, technical support, and reliable delivery of components that are critical to their products' performance but represent a small portion of their total costs. Revenue generation faces several key margin drivers. Raw material costs, particularly steel, aluminum, vinyl resins, and glass, directly impact profitability since these represent significant input costs. The company uses index-based pricing mechanisms with many customers to help offset raw material inflation, though there can be timing lags. Labor costs and availability affect manufacturing efficiency and capacity utilization. Energy costs impact both manufacturing expenses and customer demand, as higher energy prices increase consumer focus on energy-efficient windows and doors. Housing market conditions represent the primary demand driver, with approximately 70% of revenue tied to the repair and remodel market and 30% to new construction. Interest rates significantly influence both segments - higher rates reduce new home construction and discourage homeowner renovation projects. Consumer confidence affects discretionary spending on home improvements. Seasonal patterns create quarterly fluctuations, with stronger demand typically in spring and summer months when construction activity peaks. The company's margin profile benefits from its specialized manufacturing capabilities and technical relationships with customers, but faces pressure from commodity cost volatility and cyclical construction markets.
Competitive moat
Quanex operates in a specialized niche with moderate competitive advantages but faces meaningful competitive pressures. The company's primary moat stems from its technical expertise and manufacturing capabilities in producing precision-engineered components that require specific equipment, processes, and quality standards. Many of its products, particularly insulating glass spacers and extruded vinyl profiles, require significant capital investment in specialized machinery and technical know-how that creates barriers to entry for new competitors. The company benefits from customer relationships and switching costs. Window and door manufacturers often design their products around specific component specifications, making it costly and time-consuming to switch suppliers. This creates some customer stickiness, though it's not insurmountable. Quanex's ability to provide technical support, consistent quality, and reliable delivery schedules adds value beyond just the physical products. However, the moat has notable limitations. The building products industry includes several large, well-capitalized competitors with similar manufacturing capabilities. Product differentiation is limited in many categories - insulating glass spacers and vinyl profiles are largely commodity-like products where price competition can be intense. The company lacks significant proprietary technology or patents that would create sustainable competitive advantages. Competitive threats come from both direct competitors in each product category and potential new entrants, particularly larger building products companies that might integrate vertically. The cyclical nature of construction markets means that during downturns, competitors often engage in aggressive pricing to maintain capacity utilization, pressuring margins across the industry. The recent Tyman acquisition potentially strengthens the moat by creating a more comprehensive product portfolio and global scale, but the integration success and synergy realization remain to be proven. Overall, Quanex operates in a competitive industry with modest barriers to entry and limited pricing power.
Risks & safety
Quanex presents a moderate margin of safety with manageable financial risks but some cyclical vulnerabilities. • **Liquidity and Solvency**: Strong current ratio of 2.39x and quick ratio of 1.17x provide adequate short-term liquidity. However, negative free cash flow of -$24M in Q1 2025 raises near-term concerns, though this appears related to seasonal working capital needs and acquisition integration costs. • **Debt Management**: Debt-to-equity ratio of 0.91x reflects increased leverage from the Tyman acquisition financing. The company maintains manageable debt levels with a leverage ratio around 2.3x EBITDA, within reasonable bounds for cyclical industrial companies. • **Valuation Metrics**: Trading at EV/EBITDA of 23.9x based on recent quarterly run-rate, which appears elevated for a cyclical building products company. Price-to-book ratio of 1.02x suggests reasonable asset valuation relative to book value. • **Operational Considerations**: The company operates in cyclical end markets with exposure to housing and construction activity. Recent revenue declines across segments indicate current market weakness. Management's guidance for $270-280M adjusted EBITDA suggests confidence in maintaining profitability despite challenging conditions.
Recent development
Quanex has undergone significant strategic transformation over the past few years, culminating in the transformational acquisition of Tyman plc in August 2024 for approximately $1 billion. This acquisition nearly doubled the company's size and expanded its geographic footprint significantly, particularly in Europe and emerging markets. Management is targeting $30 million in annual cost synergies within two years of closing. The company is implementing a major organizational restructuring following the Tyman acquisition, moving from four geographic/product-based segments to three capability-based segments: Hardware Solutions, Extruded Solutions, and Custom Solutions. This restructuring aims to leverage cross-selling opportunities and operational synergies between the legacy Quanex and Tyman businesses. Portfolio optimization has been another key strategic focus. The company sold its Richmond, Kentucky vinyl extrusion facility and its North American vinyl fencing business to focus resources on higher-margin opportunities. Meanwhile, it acquired LMI Custom Mixing assets to expand its specialty chemical capabilities for solar and construction applications. Management has introduced a "Road to $2 Billion" growth strategy, indicating ambitious expansion plans beyond the current $1.8+ billion revenue run-rate. The strategy emphasizes both organic growth through market share gains and new product development, as well as continued strategic acquisitions to expand product portfolios and geographic reach. The company has also focused on operational excellence initiatives, achieving record safety performance and implementing continuous improvement programs across manufacturing facilities. These efforts aim to improve margins and operational efficiency while preparing for anticipated market recovery in the second half of 2025.
NX company profile · for informational purposes only — not investment advice.
Track NX with Drillr
SEC filings, earnings calls, insider activity, alt-data signals — all queryable through Drillr's AI terminal and MCP API.
Try Drillr for free