NYSE$NX

Quanex Building Products Corporation · Q1 2026 earnings

Q1 2026 earnings · · After market close · Investor relations

Briefing

Quanex Q1 2026 Earnings Report

Quanex reported a slight increase in net sales of 2.3% for Q1 2026, driven by foreign exchange and tariff pass-throughs, despite a challenging macroeconomic environment. While the company recorded a net loss, it showed improvement over the prior year's loss, though Adjusted EBITDA and margins declined due to lower volumes and temporary operational costs in Mexico.

  • Net sales increased by 2.3% to $409.1 million compared to $400.0 million in the prior year period.
  • Adjusted EBITDA declined to $27.4 million from $38.5 million, with margins compressing from 9.6% to 6.7%.
  • Results were impacted by reduced operating leverage from lower volumes and temporary costs at the Monterrey, Mexico hardware plant.
  • The balance sheet remains healthy with $331.6 million in total liquidity and a net debt to LTM adjusted EBITDA ratio of 2.8x.

Headline financials

Total Revenue

$409M

Previous: $400M+2.3%
EPS (adj)

-$0.01

Previous: $0.19-105.3%
Gross Margin Percentage

24.1%

No prior period
Adj. EBITDA Margin

6.7%

No prior period
Leverage Ratio

2.8

No prior period
Capital Expenditures

-$11.3M

Previous: -$11.6M+2.8%
Net Income

-$4.07M

Previous: -$14.9M+72.7%
Operating Income

$2.85M

Previous: -$6.98M+140.9%
Gross Profit

$98.5M

Previous: $92.3M+6.7%

Revenue & EPS history

Quanex · Revenue · Quarterly

$409M

Q1 2026+2.3%vs Q1 2025
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

Quanex provided full-year 2026 guidance anticipating an improved second half of the year as macroeconomic uncertainty potentially subsides.

Tailwinds

  • Full year net sales estimated between $1.84 billion and $1.87 billion.
  • Full year Adjusted EBITDA expected between $240 million and $245 million.
  • Anticipated year-over-year improvement in the second half of 2026.
  • Long-term fundamentals for the residential housing market remain positive.
  • Focus on debt repayment and opportunistic stock repurchases.

Headwinds

  • Expectation for a more challenging first half of 2026 compared to 2025.
  • Ongoing macroeconomic challenges including high interest rates and inflation.
  • Weak consumer confidence impacting global demand.
  • Uncertainty regarding tariffs and housing affordability.
  • Company expects to be a net borrower during the first half of the fiscal year.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+1.4%

Avg return

Earnings day

+0.8%

Avg return

5 days after

-0.7%

Avg return

30 days after

56%

37 / 66 earnings

Positive

+23.8%

Q2 2023

Best reaction

-17.7%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-7.9%-5.9%-7.1%
Q4 2025+6.5%+5.2%+16.2%
Q3 2025-12.8%-27.3%-29.6%
Q2 2025+0.0%-5.6%-3.1%
Q1 2025-9.2%-3.4%-14.6%
Q4 2024-3.8%-9.9%-25.7%
Q3 2024+19.9%+3.6%+8.0%
Q2 2024+2.8%-4.1%-13.4%
Q1 2024-2.3%+0.6%+10.4%
Q4 2023-7.0%-6.1%-7.6%
Q3 2023+9.0%+5.3%+4.2%
Q2 2023+23.8%+24.3%+27.8%
Q1 2023-17.7%-20.6%-20.7%
Q4 2022-2.1%-2.6%+1.1%
Q3 2022-4.5%-5.2%-18.6%
Q2 2022+13.1%+20.8%+15.4%
Q1 2022+0.9%-2.1%-6.5%
Q4 2021+3.4%+4.0%+6.7%
Q3 2021-6.5%-6.2%-7.0%
Q2 2021+3.5%+5.3%-7.5%
Q1 2021+1.5%+8.8%+9.8%
Q4 2020+1.1%+2.3%+15.6%
Q3 2020+6.4%+6.6%+11.1%
Q2 2020+5.4%+2.3%-4.3%
Q1 2020-0.2%-12.2%-47.0%
Q4 2019+2.9%+1.5%-10.0%
Q3 2019+6.7%+7.3%+9.4%
Q2 2019+6.4%+5.2%+17.4%
Q1 2019-5.2%-14.6%-5.6%
Q4 2018-12.7%-5.7%+9.3%
Q3 2018+19.3%+18.1%+3.9%
Q2 2018+14.3%+12.8%+7.7%
Q1 2018+8.8%+5.3%+5.6%
Q4 2017+6.7%+15.1%+7.2%
Q3 2017-0.3%-0.8%+17.6%
Q2 2017+5.9%+8.7%+7.7%
Q1 2017+1.0%+1.8%+1.3%
Q4 2016+2.0%+5.7%+2.2%
Q3 2016-6.1%-9.2%-9.1%
Q2 2016+1.7%+0.9%-4.4%
Q1 2016-9.6%
Q4 2015+9.1%
Q3 2015+11.7%
Q2 2015+8.6%
Q1 2015+0.6%
Q4 2014-9.2%
Q3 2014+0.0%
Q2 2014+3.9%
Q1 2014-0.3%
Q4 2013+6.8%
Q3 2013+7.4%
Q2 2013-5.5%
Q1 2013-10.6%
Q1 2010+6.0%
Q4 2012-8.6%
Q3 2012-2.7%
Q2 2012-1.6%
Q1 2012-5.8%
Q4 2009+13.4%
Q4 2011+13.4%
Q3 2011-5.2%
Q3 2010-5.2%
Q2 2011-5.7%
Q2 2010+1.5%
Q1 2011+1.5%
Q4 2010+1.5%

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