Quanex Building Products CORPNX

Quanex Building Products CORP Earnings Per Share Disclosure

10-KFiled Dec 12, 20252 min read
Earnings Per Share
We compute basic earnings per share by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per common and potential common shares include the weighted average of additional shares associated with the incremental effect of dilutive employee stock options, non-vested restricted stock as determined using the treasury stock method and contingent shares associated with performance share awards, if dilutive.
The computation of basic and diluted earnings per share for the years ended October 31, 2025, 2024 and 2023 follows (in thousands, except per share data):
Year Ended October 31, 2025
Net (Loss) Income
Weighted Average SharesPer Share
Basic and diluted loss per common share
$(250,806)46,170$(5.43)
Year Ended October 31, 2024
Basic earnings per common share$33,059 36,416$0.91 
Effect of dilutive securities:
Stock options31
Restricted stock awards131
Performance restricted stock units70
Diluted earnings per common share $33,059 36,648$0.90 
Year Ended October 31, 2023
Basic earnings per common share$82,501 32,819 $2.51 
Effect of dilutive securities:
Stock options33
Restricted stock awards124
Performance restricted stock units50
Diluted earnings per common share$82,501 33,026$2.50 
We do not include equity instruments in our calculation of diluted earnings per share if those instruments would be antidilutive. During the years ended October 31, 2025, 2024 and 2023, we had anti-dilutive restricted stock award equivalents of 23,224, 1,417 and zero, respectively. Such dilution is dependent on the excess of the market price of our stock over the exercise price and other components of the treasury stock method.

Historical Timeline

Fiscal YearFiled
2025Dec 12, 2025Showing above
2024Dec 16, 2024
2023Dec 15, 2023
2022Dec 16, 2022
2021Dec 17, 2021
2020Dec 11, 2020
2019Dec 12, 2019
2018Dec 11, 2018
2017Dec 12, 2017
2016Dec 16, 2016
2015Dec 15, 2015

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

Other Available Disclosures

Income TaxesFair ValuePP&EGoodwill & IntangiblesLeasesSegmentsDebtCommitmentsStock CompensationNew Standards