NYSE$NX
Quanex Building Products Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Quanex reported record earnings and margin expansion across all operating segments.
Quanex announced record earnings and margin expansion for Q3 2023, driven by improved demand and operational efficiency, despite a revenue decrease due to softer market demand and lower pricing. The company also repaid $25 million in bank debt and is on track to generate record free cash flow this year.
- Record earnings and margin expansion were achieved in Q3 2023.
- Demand improved across all product lines compared to the first half of the year.
- Customer inventory rebalancing that impacted results in the first half have subsided and did not affect third quarter results.
- The company repaid $25 million in bank debt during the quarter.
Headline financials
Revenue & EPS history
Quanex · Revenue · Quarterly
$300M
Forward guidance
Quanex updates its full year fiscal 2023 guidance, estimating net sales of approximately $1.125 billion and increasing Adjusted EBITDA guidance to $150 million to $155 million.
Tailwinds
- Belief that they were seeing a return to normal seasonality.
- Third quarter results reinforced that belief.
- Operational execution.
- Recent demand trends.
- Conversations with customers.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2023
+1.1%
Avg return
Earnings day
+0.5%
Avg return
5 days after
-0.7%
Avg return
30 days after
55%
37 / 67 earnings
Positive
+23.8%
Q2 2023
Best reaction
-17.7%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -13.6% | -10.3% | — | |
| 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 2010 | -5.2% | — | — | |
| Q3 2011 | -5.2% | — | — | |
| Q2 2011 | -5.7% | — | — | |
| Q2 2010 | +1.5% | — | — | |
| Q4 2010 | +1.5% | — | — | |
| Q1 2011 | +1.5% | — | — |
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