NX Quanex Building Products CORP
Price Chart
Executive Summary
Quanex Q2 FY2026 adjusted EPS of $0.25 beat consensus by 25% on revenue of $462.4M (+2.2% YoY), but GAAP net income plunged 84% YoY to $3.4M as gross margins contracted 350bps due to tariff costs and inflation. No updated guidance was provided, and the company highlighted ongoing price vs cost imbalance.
Key Financial Metrics
Actionable Insight
The adjusted EPS beat may provide short-term support, but the steep YoY margin decline and lack of guidance raise suggest underlying weakness. Monitor upcoming tariffs and cost recovery commentary; avoid adding until margins show stabilization.
Key Facts
- Q2 GAAP diluted EPS $0.07 vs $0.44 YoY; adjusted diluted EPS $0.25 vs $0.63 YoY
- Revenue $462.4M (+2.2% YoY) vs consensus $459.3M
- Gross margin 25.5% vs 29.0% a year ago
- Adjusted EBITDA $44.2M (9.6% margin) vs $63.1M (14.0% margin)
- Net debt $651.4M; leverage ratio 3.1x (up from 2.8x Q1)
- No revised FY2026 guidance; prior outlook: sales $1.84B-$1.87B, Adj. EBITDA $240M-$245M
- Free cash flow $7.9M vs $13.6M in prior-year quarter
Financial Impact
Adjusted EPS beat consensus by $0.05, but GAAP net income fell $17.2M YoY due to margin compression.
Risk Factors
- Further tariff escalation increasing raw material costs
- Housing market downturn reducing demand for fenestration products
- Leverage above 3x limits financial flexibility
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001171843-26-003917 |
| Document: f8k_060426.htm | 0001171843-26-003917 |
| Document: 0001171843-26-003917-index-headers.html | 0001171843-26-003917 |
| Document: 0001171843-26-003917-index.html | 0001171843-26-003917 |
| Document: 0001171843-26-003917.txt | 0001171843-26-003917 |
| 8-K Data (Synthetic) | 0001171843-26-003917 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 12, 2026
today
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Institutional Cluster
| $17.22 awaiting T+60 | awaiting T+60 | — | $17.02 (−1.13%) |
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Jun 4, 2026
8d ago
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8-K
| $17.69 awaiting T+60 | awaiting T+60 | — | $17.02 (+3.79%) |
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Mar 5, 2026
14w ago
|
8-K
| $17.27 $18.17 | ▲ +5.21% | ▼ −7.57% | $17.02 (−1.45%) |
|
Mar 5, 2026
14w ago
|
Press Release
| $17.27 $18.17 | ▲ +5.21% | ▼ −7.57% | $17.02 (−1.45%) |
US Market Status
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