Quanex Building Products CORP

Listed Company

NXCIK 0001423221NYSELarge AcceleratedRolling Drawing & Extruding Of Nonferrous MetalsDelawareFY ends Oct 31

Period

FY 2025

Revenue

$1.84B

Net Income

$-250.81M

Total Assets

$1.97B

Equity

$726.18M

Shares Out

45.93M

Op. Cash Flow

$164.90M

Business

Quanex Building Products CORP manufactures and distributes components for original equipment manufacturers in the building products industry, serving fenestration, door, solar, refrigeration, cabinetry and access markets. It offers energy-efficient insulating glass spacers, extruded vinyl profiles, window and door screens, precision-formed metal and wood products, seals, hardware, sealants, trim moldings and other component products. The company operates distinct businesses for insulating glass, vinyl extrusion, fabricated metal and wood products, weather seals and commercial access solutions. It primarily serves customers in North America and the U.K., with facilities in Europe and Mexico and sales via a direct sales force, distributors and independent agents.

Summary from filing dated 2025-12-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Net sales	1,838	1,278	1,131	1,222	1,072
Cost of sales (excluding depreciation and amortization)	1,338	972	853	953	832
Selling, general and administrative	277	190	124	117	116
Restructuring charges	10	0	0	0	39,000
Depreciation and amortization	103	60	43	40	43
Goodwill impairment charges	302	0	0	—	—
Operating (loss) income	−194	55	111	111	82
Interest expense	−56	−21	−8	−3	−3
Other, net	7	8	−6	1	754,000
(Loss) income before income taxes	−243	42	97	—	—
Income tax expense	−8	−9	−15	−21	−23
Net (loss) income	−251	33	83	88	57
Basic (loss) earnings per common share	−5.43	0.91	2.51	2.67	1.72
Diluted (loss) earnings per common share	−5.43	0.9	2.5	2.66	1.7
Basic (in shares)	46	36	33	33	33
Diluted (in shares)	46	37	33	33	33
Cash dividends paid per common share (usd per share)	0.32	0.32	0.32	0.32	0.32

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Cash and cash equivalents	76	98	58	55	40
Restricted cash	2	5	0	—	—
Accounts receivable, net of allowance for credit losses of $2,039 and $254	205	198	97	96	108
Inventories, net	254	276	98	121	93
Income tax receivable	0	6	8	0	—
Prepaid Expense, Current	32	23	—	—	—
Other current assets	4	6	—	—	—
Total current assets	574	611	274	281	249
Property, plant and equipment, net of accumulated depreciation of $414,809 and $391,851	412	402	251	180	179
Operating lease right-of-use assets	155	127	47	56	53
Deferred income tax assets	3	4	0	—	—
Goodwill	271	575	183	138	149
Intangible assets, net	549	598	74	65	82
Other assets	5	3	3	5	5
Total assets	1,968	2,320	831	725	717
Accounts payable	131	124	74	78	87
Accrued liabilities	95	104	50	52	56
Income taxes payable	12	7	384,000	1	6
Current maturities of long-term debt	28	26	2	1	846,000
Current operating lease liabilities	15	12	7	8	8
Total current liabilities	282	273	135	140	158
Long-term debt	665	737	66	30	52
Non-current operating lease liabilities	145	118	40	49	45
Deferred income taxes	136	162	29	22	22
Other liabilities	14	19	15	13	14
Total liabilities	1,242	1,309	286	260	298
Preferred stock, no par value, shares authorized 1,000,000 issued and outstanding - none	0	0	0	0	0
Common stock, $0.01 par value, shares authorized 125,000,000 issued 51,211,469 and 51,266,501 respectively; outstanding 45,674,726 and 47,252,070, respectively	512,000	513,000	372,000	372,000	373,000
Additional paid-in-capital	700	701	252	252	254
Retained earnings	165	430	409	337	260
Accumulated other comprehensive loss	−35	−46	−38	−49	−22
Less: Treasury stock at cost, 5,536,743 and 4,014,431 shares, respectively	−104	−75	−78	−76	−73
Total stockholders equity	726	1,011	546	465	420
Total liabilities and stockholders' equity	1,968	2,320	831	725	717

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Net income	−251	33	83	88	57
Depreciation and amortization	103	60	43	40	43
Loss (gain) on disposition of capital assets	613,000	−5	278,000	109,000	3
Stock-based compensation	4	3	3	2	2
Deferred income tax	−19	−15	5	2	2
Charge for deferred loan costs and debt discount	0	3	0	0	—
Gain on deal contingent foreign exchange forward currency contract	0	7	0	0	—
Noncash restructuring charges	5	0	0	—	—
Other, net	7	4	2	2	2
(Increase) decrease in accounts receivable	−7	973,000	7	7	−19
Decrease in inventory	24	33	30	−32	−31
(Increase) decrease in other current assets	−4	4	−2	−970,000	−2
Increase (decrease) in accounts payable	3	−36	−12	−3	7
(Decrease) increase in accrued liabilities	−10	6	−4	−3	16
Increase (decrease) in current income taxes payable	11	9	−9	−5	−378,000
(Decrease) increase in other long-term liabilities	−5	−7	683,000	305,000	477,000
Other, net	−556,000	411,000	1	194,000	−528,000
Cash provided by operating activities	165	89	147	98	79
Acquisitions, net of cash acquired	0	−399	−91	0	—
Capital expenditures	−63	−37	−37	−33	−24
Proceeds from disposition of capital assets	634,000	15	253,000	159,000	5
Cash used for investing activities	−62	−421	−128	−33	−19
Borrowings under credit facility	190	785	102	71	0
Repayments of credit facility borrowings	−265	−84	−100	−96	−65
Debt issuance costs	0	−14	0	−1	0
Repayments of other long-term debt	−4	−296	−3	−2	−680,000
Common stock dividends paid	−15	−12	−11	−11	−11
Issuance of common stock	214,000	573,000	1	689,000	16
Proceeds from deal contingent foreign exchange forward currency contract	0	7	0	0	—
Payroll tax paid to settle shares forfeited upon vesting of stock	−1	−1	−567,000	−1	−492,000
Purchase of treasury stock	−32	0	−6	−7	−11
Cash (used for) provided by financing activities	−127	385	−16	−46	−72
Effect of exchange rate changes on cash, cash equivalents and restricted cash	−286,000	−9	919,000	−4	421,000
(Decrease) increase in cash, cash equivalents and restricted cash	−25	45	3	15	−12

Filings

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