Jun. 5 at 8:29 PM
$NX Quanex reports Q2 adjusted EPS 60c, consensus 47c
Reports Q2 revenue
$452.48M, consensus
$439.3M. George Wilson, chairman, president and CEO, commented, "Our results for the second quarter of 2025 came in as expected and reflected normal seasonality in our business. Revenue in March was approximately 6% higher than February and revenue in April was approximately 9% higher than March. It was also encouraging to see volume growth in our European Fenestration segment during the second quarter of 2025.
We continue to be pleased with the integration of Tyman, and are now confident we will deliver approximately
$45 million in cost synergies over time, compared to our original target of
$30 million within the first two years post-acquisition. On a run-rate basis, we see a path to achieving the original
$30 million cost synergy target by early fiscal 2026. We also took advantage of our low stock price during the second quarter and spent over
$23 million repurchasing our shares."
