Mar. 10 at 10:01 PM
$NX Quanex reports Q1 adjusted EPS 19c vs. 25c last year
Reports Q1 revenue
$400.04M, consensus
$382.02M. George Wilson, chairman, president and CEO, stated, "The first quarter of 2025 was a very busy time for Quanex internally and I would like to thank all my Quanex teammates for their continuous efforts as we navigate through the process of integrating legacy Quanex with legacy Tyman. The integration gained speed and traction during the quarter, and we remain confident in our ability to deliver on the
$30 million cost synergy target.
Volume came in as expected during the first quarter, and we were pleased with the margin expansion and the overall impact of the cost synergies we have realized to date. On a consolidated basis, results for the first quarter were again lifted by the contribution from the Tyman acquisition and we achieved margin expansion. Our continued focus on cash flow and managing working capital enabled us to repay approximately
$12 million in debt during the first quarter of 2025, or approximately
$65 million since closing the acquisition on August 1, 2024."
