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Quanex Building Products Corporation (NX) CEO George Wilson on Q1 2020 Results - Earnings Call Transcript

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Quanex Building Products Corporation (NYSE:NX) Q1 2020 Results Conference Call March 6, 2020 11:00 AM ET

Company Participants

Scott Zuehlke - SVP, Chief Financial Officer and Treasurer

George Wilson - President and Chief Executive Officer

Conference Call Participants

Brendan Popson - CJS Securities

Reuben Garner - Benchmark Company

Steven Ramsey - Thompson Research Group

Julio Romero - Sidoti & Company

Ken Zener - KeyBanc


Ladies and gentlemen, thank you for standing by, and welcome to the Q1 2020 Quanex Building Products Corporation earnings conference call.

At this time all participants are in a listen-only mode. After the speakers’ presentation there will be a question and answer session. [Operator Instructions] As a reminder today’s conference is being recorded. [Operator Instructions]

I would now like to introduce your host for this conference call, Mr. Scott Zuehlke, Senior Vice President, Chief Financial Officer and Treasurer. You may begin.

Scott Zuehlke

Thanks for joining the call this morning. On the call with me today is George Wilson, our President and Chief Executive Officer.

This conference call will contain forward-looking statements and some discussion of non-GAAP measures. Forward-looking statements and guidance discussed on this call and in our earnings release are based on current expectations. Actual results or events may differ materially from such statements and guidance, and Quanex undertakes no obligation to update or revise any forward-looking statement to reflect new information or events. For more detailed description of our forward-looking statement disclaimer and a reconciliation of non-GAAP measures to the most directly comparable GAAP measures, please see our earnings release issued yesterday and posted to our website.

I'll now discuss the financial results. On a consolidated basis, revenue was essentially flat year-over-year in a quarter where we expected to see mid-to-high single-digit declines, driven by the continued shift in the cabinet industry to stock cabinets. The

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