NYSE$NX

Quanex Building Products Corporation · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Results were boosted by the contribution from the Tyman acquisition, with legacy Quanex business performing in-line with expectations. Profitability was maintained despite a soft macro environment, and debt was repaid since closing the Tyman acquisition.

Quanex reported a 66.6% increase in net sales to $492.2 million for Q4 2024, driven by the Tyman acquisition. Excluding Tyman, net sales would have declined by 2.3%. The company repaid $53.75 million in debt during the quarter and anticipates demand softness to persist until the spring selling season of 2025.

  • Fourth quarter and full year results were boosted by the contribution from the Tyman acquisition.
  • Legacy Quanex business results were in-line with expectations.
  • Approximately $54 million in debt was repaid since closing the acquisition on August 1, 2024.
  • A new operating structure is designed around core competencies to capitalize on commercial opportunities and tap into innovative solutions.

Headline financials

Total Revenue

$492M

Previous: $295M+66.6%
EPS (adj)

$0.61

Previous: $0.95-35.8%
Gross Margin Percentage

23.8%

No prior period
Adj. EBITDA Margin

16.5%

No prior period
Capital Expenditures

$13.7M

Previous: -$14.9M+191.4%
Net Income

$33.1M

Previous: $82.5M-59.9%
Operating Income

$182M

Previous: $39.5M+361.8%
Gross Profit

$117M

Previous: $80M+46.3%
Stock-Based Comp

$793K

Previous: $693K+14.4%

Revenue & EPS history

Quanex · Revenue · Quarterly

$492M

Q4 2024+66.6%vs Q4 2023
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

The company expects current demand softness to persist until the spring selling season, but anticipates improved results in the second half of 2025 due to typical seasonality combined with the benefit from unwinding pent-up demand as interest rates continue to trend lower and consumer confidence improves.

Tailwinds

  • Results will improve in the second half of 2025 due to typical seasonality.
  • Benefit from unwinding pent up demand as interest rates continue to trend lower.
  • Consumer confidence improves.
  • Focus on integrating the legacy Tyman business and capturing the targeted synergies.
  • New operating structure designed around core competencies.

Headwinds

  • Current demand softness is expected to persist until the spring selling season.

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 2024

Historical avgQ4 2024

+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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