Dec. 12 at 8:53 PM
Quanex Building Products shares surged nearly 8.8%, marking their best day in months after the company swung to a fiscal fourth-quarter profit of
$19.6M, or 43 cents per share, versus a
$13.9M loss a year earlier. Sales fell slightly to
$489.8M from
$492.2M. CEO George Wilson highlighted improved liquidity and strong cash flow, which allowed the repayment of
$75M in bank debt, and credited operational discipline, cost efficiency, and new commercial teams for the turnaround.
The profit gain came despite weak housing market conditions, including low affordability and high inflation, and the company expects flat demand in fiscal 2026. Quanex declined to provide official guidance, saying it will revisit projections with first-quarter earnings. The company’s performance reflects internal business improvements rather than macroeconomic or housing market shifts.
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