Friday, June 7, 11:48 AM
Quanex Building Products (NX -0.9%) slips on a mixed FQ2, beating on revenue but coming up short on a per share basis. Losses narrowed as the building-products maker posted solid engineered-product and aluminum sheet sales and healthier Y/Y comps. Sales in its engineered-products group jumped 15% to $125.2M, while aluminum sheet products sales rose 24% to $109.7M. Input costs rose 16%, but gross margin still widened to 14.4% from 11.6%.
Comment![Earnings, On the Move]
Friday, June 7, 9:02 AMQuanex (NX): FQ2 EPS of -$0.20 misses by $0.12. Revenue of $232.5M beats by $7.08M. (PR)
Comment![Earnings, Breaking News]
Thursday, March 7, 8:10 AMQuanex (NX): FQ1 EPS of -$0.17 misses by $0.11. Revenue of $185.7M beats by $10.62M. (PR)
Comment![Earnings, Breaking News]
Friday, March 1, 7:51 AMQuanex Building Products (NX) declares $0.04/share quarterly dividend, in line with previous. Forward yield 0.80%. For shareholders of record Mar. 15. Payable Mar. 29. Ex-div date Mar. 13. (PR)
Comment![Dividends]
Friday, December 21, 2012, 8:03 AMQuanex (NX): FQ4 EPS of $0.05 misses by $0.16. Revenue of $235M (+2% Y/Y) misses by $7.5M. (PR)
Comment![Earnings]
Monday, December 17, 2012, 7:25 PM
Quanex Building Products (NX) pays all cash for the assets of Alumco and its subsidiaries. The assets include Aluminite, a screen producer for the window and door industry. The deal should be accretive to FY13 EPS and close by December 31. Financial terms were not disclosed. Shares -0.6% AH.
Comment![M&A]
Thursday, December 6, 2012, 3:33 PMQuanex Building Products (NX) declares $0.04/share quarterly dividend, in line with previous. Forward yield 0.76%. For shareholders of record Dec. 18. Payable Dec. 28. Ex-div date Dec. 14. (PR)
Comment![Dividends]
Tuesday, September 4, 2012, 8:14 AMQuanex (NX): FQ3 EPS of $0.12 misses by $0.10. Revenue of $237.9M (-5.7% Y/Y) misses by $12M. (PR)
Comment![Earnings]
Thursday, August 30, 2012, 8:06 AMQuanex (NX) declares $0.04/share quarterly dividend, in line with previous. Forward yield 0.91%. For shareholders of record Sep 14. Payable Sep 28. Ex-div date Sep 12. (PR)
Comment![Dividends]
Monday, June 4, 2012, 3:46 PM
Quanex Building Products (NX -2.9%) slips after posting a wider FQ2 loss amid lower sales volumes and higher costs in its key aluminum segment. A flat housing sector and rising costs for raw materials and production continue to be an ongoing challenge for the company.
Comment![Earnings, On the Move]
Monday, June 4, 2012, 8:11 AMQuanex (NX): FQ2 EPS of -$0.34 may not be comparable to consensus of $-0.08. Revenue of $194.4M (-4.3% Y/Y) misses by $6M. Shares -0.5% premarket. (PR)
Comment![Earnings]
Tuesday, March 6, 2012, 9:58 AM
Quanex Building Products (NX -9.6%) shares slide after reporting a wider-than-expected FQ1 loss, as consolidation costs and continued weak demand from the housing market weighed on the bottom line. Increasing residential foreclosures and stringent credit conditions will make this a difficult year for the housing industry, the company says.Comment![On the Move]
Friday, January 20, 2012, 8:32 AM
2011 could end up being the first time since 2006 when spending on home improvements increased from the prior year, according to IHS Global, which sees the trend continuing in 2012. "People are remodeling instead of moving," says the chief economist with the NAHB.
3 Comments[U.S. Economy]
Wednesday, January 18, 2012, 12:50 PM
It's only January 18, but is it possible the 2012 housing rebound play is already getting a bit crowded? The XHB +10.9%, TOL +14.3%, LEN +16.3%, HD +6.3% YTD. Even bigger winners are building materials firms, USG +42.5%, PATK +50% YTD. Arguing for an even bigger run is most of these stocks are higher off of very low bases.
Comment![U.S. Economy, On the Move]
Thursday, December 29, 2011, 1:04 PM
Not bullish on housing prices, Josh Brown is "bullish on the velocity of activity" in the property sector as foreclosures churn. No matter the house, about the first thing a new homeowner does is some sort of improvement. Also helping is a sense that the big-money is getting involved in the sector. His full list of home-remodeling plays.
1 Comment[U.S. Economy, Quick Ideas]
Monday, December 12, 2011, 10:47 AM
Quanex Building Products (NX -5.2%) trades down after its FQ4 misses estimates on higher material costs and weak sales in its aluminum-sheet unit. The company adds that it still faces a soft market going into 2012 due to stagnant home-construction activity and a difficult economic environment, which, in turn, could pose a risk to current guidance.
Comment![On the Move]