NYSE$NX

Quanex Building Products Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported record revenue growth and earnings, with improved balance sheet and liquidity, and authorized a new share repurchase program.

Quanex Building Products reported a 14.2% increase in net sales growth for the fourth quarter and the board authorized a new $75 million share repurchase program. Demand for the company's products remained strong throughout the fiscal year, which continues today.

  • Net sales growth of 14.2% was reported during the three months ended October 31, 2021.
  • Demand for the products remained strong throughout the fiscal year.
  • A new $75 million share repurchase program was authorized.
  • Liquidity increased to $322.6 million as of October 31, 2021.

Headline financials

Total Revenue

$292M

Previous: $255M+14.2%
EPS (adj)

$0.62

Previous: $0.67-7.5%
Capital Expenditures

$8M

Previous: $5.05M+58.4%
Free Cash Flow

$0.00

Previous: $75.1M-100.0%
Net Income

$0.00

Previous: $22.2M-100.0%
Operating Income

$27.1M

Previous: $27.8M-2.6%
Gross Profit

$65M

Previous: $66.2M-1.9%
Cash & Equivalents

$40.1K

Previous: $51.6M-99.9%
Total Assets

$0.00

Previous: $692M-100.0%
Stock-Based Comp

$500K

Previous: $366K+36.6%

Revenue & EPS history

Quanex · Revenue · Quarterly

$292M

Q4 2021+14.2%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

Demand remains strong, but ongoing supply chain disruptions continue to create day-to-day operational challenges and ultimately reduce visibility in the near-term. The company feels confident in their ability to realize margin expansion on a consolidated basis in fiscal 2022, second half weighted, and remain cautiously optimistic for the year. They intend to re-visit guidance when they report earnings for the first quarter of 2022.

Tailwinds

  • Demand remains strong
  • Confident in ability to realize margin expansion on a consolidated basis in fiscal 2022
  • Cautiously optimistic for the year

Headwinds

  • Ongoing supply chain disruptions continue to create day-to-day operational challenges
  • Reduced visibility in the near-term
  • Premature to give guidance at this time

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 Q4 2021

Historical avgQ4 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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