Quanex Building Products CORP NX
Quanex was incorporated in Delaware on December 12, 2007, as Quanex Building Products Corporation. We currently manufacture and distribute components for original equipment manufacturers (OEM) in the building products industry, including window, door, solar, refrigeration, custom mixing, building access, and cabinetry markets. Examples of components include energy-efficient flexible insulating glass spacers, extruded vinyl profiles, window and door screens, precision-formed metal and wood products, window and door seals, and window and door hardware. In addition, we provide certain other components and products, which include solar panel sealants, trim moldings, vinyl decking, water retention barriers, conservatory roof components, and commercial access solutions. We use cost-effective production processes and engineering expertise to provide our customers with specialized products for their specific applications. We believe these capabilities provide us with unique competitive advantages. We serve a primary customer base in North America and the U.K., and also serve customers in international markets through our operating locations in the U.K., Germany, Mexico, Canada, and Italy, as well as through sales and marketing efforts in other countries.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.84B | $1.28B | $1.13B | $1.22B | $1.07B | $851.6M | $893.8M | $889.8M | $866.6M | $928.2M |
| Cost of revenue | $1.34B | $972.2M | $853.1M | $953.0M | $831.5M | $658.8M | $694.4M | $697.0M | $672.5M | $710.6M |
| Gross profit | $499.2M | $305.6M | $277.5M | $268.5M | $240.6M | $192.8M | $199.4M | $192.8M | $194.1M | $217.5M |
| SG&A | $277.3M | $190.5M | $124.0M | $117.1M | $116.0M | $89.7M | $101.3M | $103.8M | $98.1M | $114.9M |
| Operating income | -$194.0M | $54.8M | $110.7M | $111.3M | $81.9M | $55.3M | -$26.4M | $35.7M | $33.9M | $36.4M |
| Interest expense | $55.8M | $20.6M | $8.1M | $2.6M | $2.5M | $5.2M | $9.6M | $11.1M | $9.6M | $36.5M |
| Pre-tax income | -$242.6M | $42.1M | $97.0M | $109.8M | $80.1M | $50.3M | -$36.0M | $25.8M | $25.5M | -$5.6M |
| Income tax | $8.2M | $9.0M | $14.5M | $21.4M | $23.1M | $11.8M | $10.8M | $800.0K | $6.8M | $3.8M |
| Net income | -$250.8M | $33.1M | $82.5M | $88.3M | $57.0M | $38.5M | -$46.7M | $26.6M | $18.7M | -$1.9M |
| EPS, basic | -5.43 | 0.91 | 2.51 | 2.67 | 1.72 | 1.18 | -1.42 | 0.77 | 0.55 | -0.05 |
| EPS, diluted | -5.43 | 0.90 | 2.50 | 2.66 | 1.70 | 1.17 | -1.42 | 0.76 | 20.70 | 19.45 |
| Shares, diluted (wtd. avg.) | $46.2M | $36.6M | $33.0M | $33.2M | $33.5M | $32.8M | $33.0M | $35.0M | $34.8M | $33.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $76.0M | $97.7M | $58.5M | $55.1M | $40.1M | $51.6M | $30.9M | $29.0M | $17.5M | $25.5M |
| Receivables | $205.4M | $197.7M | $97.3M | $96.0M | $108.3M | $88.3M | $82.9M | $84.0M | $79.4M | $83.6M |
| Inventory | $254.1M | $275.6M | $98.0M | $120.9M | $92.5M | $61.2M | $67.2M | $70.7M | $87.5M | $84.3M |
| Total current assets | $573.8M | $611.3M | $273.6M | $280.7M | $249.0M | $207.3M | $190.3M | $191.0M | $191.8M | $204.0M |
| Property, plant and equipment | $411.6M | $402.5M | $250.7M | $180.4M | $178.6M | $184.1M | $193.6M | $201.4M | $211.1M | $198.5M |
| Goodwill | $271.3M | $574.7M | $183.0M | $137.9M | $149.2M | $146.2M | $145.6M | $219.6M | $222.2M | $217.0M |
| Other intangibles | $549.1M | $597.9M | $74.1M | $65.0M | $82.4M | $93.1M | $107.3M | $121.9M | $139.8M | $154.2M |
| Total assets | $1.97B | $2.32B | $831.1M | $724.6M | $717.3M | $691.6M | $645.1M | $743.2M | $773.9M | $780.4M |
| Accounts payable | $131.3M | $124.4M | $74.4M | $77.9M | $86.8M | $77.3M | $63.6M | $52.4M | $44.1M | $47.8M |
| Total current liabilities | $281.5M | $272.9M | $134.7M | $139.8M | $158.0M | $130.2M | $109.8M | $102.4M | $106.5M | $114.1M |
| Long-term debt | — | — | — | — | — | — | $142.5M | $195.0M | $220.7M | $265.8M |
| Total liabilities | $1.24B | $1.31B | $285.6M | $259.8M | $297.5M | $335.8M | $314.9M | $348.0M | $367.0M | $412.5M |
| Retained earnings | $164.7M | $430.4M | $409.3M | $337.5M | $259.7M | $213.5M | $185.7M | $243.9M | $225.7M | $214.0M |
| Total equity | $726.2M | $1.01B | $545.6M | $464.8M | $419.8M | $355.8M | $330.2M | $395.2M | $407.7M | $368.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $164.9M | $88.8M | $147.1M | $98.0M | $78.6M | $100.8M | $96.4M | $104.6M | $79.8M | $87.3M |
| Depreciation and amortisation | $103.4M | $60.3M | $42.9M | $40.1M | $42.7M | $47.2M | $49.6M | $51.8M | $57.5M | $53.1M |
| Stock-based compensation | $3.7M | $3.0M | $2.5M | $2.3M | $2.0M | $879.0K | $2.0M | $1.9M | $5.2M | $6.1M |
| Capital expenditure | $62.6M | $37.1M | $37.4M | $33.1M | $24.0M | $25.7M | $24.9M | $26.5M | $34.6M | $37.2M |
| Investing cash flow | -$62.0M | -$420.6M | -$128.4M | -$33.0M | -$18.7M | -$25.2M | -$23.6M | -$26.1M | -$32.6M | -$282.1M |
| Financing cash flow | -$127.5M | $385.2M | -$16.2M | -$45.9M | -$71.9M | -$55.1M | -$71.3M | -$65.8M | -$55.1M | $195.4M |
| Dividends paid | $14.9M | $12.0M | $10.6M | $10.6M | $10.8M | $10.5M | $10.6M | $7.0M | $5.5M | $5.5M |
| Buybacks | $32.4M | $0 | $5.6M | $6.6M | $11.2M | $7.2M | $9.6M | $32.0M | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001423221-25-000100.
Others in SIC 3350
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|---|---|---|---|---|
| HWM | Howmet Aerospace Inc. | $103.40B | 69.9x | 11.1% |
| MLI | MUELLER INDUSTRIES INC | $14.10B | 9.3x | 10.9% |
| KALU | KAISER ALUMINUM CORP | $2.68B | 24.3x | 11.5% |
| TG | TREDEGAR CORP | $271.2M | 8.1x | — |