Last $18.94 USD
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As of 8:04 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

quanex building products (NX) Key Developments

Quanex Building Products Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended July 31, 2014; Provides Earnings Guidance for the Full Year of 2014

Quanex Building Products Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended July 31, 2014. For the third quarter, net sales were $169,981,000 against $156,765,000 a year ago. Operating income was $12,666,000 against $7,366,000 a year ago. Income from continuing operations before income taxes was $12,523,000 against $7,139,000 a year ago. Income from continuing operations was $8,567,000 against $5,126,000 a year ago. Net income was $8,047,000 against $4,969,000 a year ago. Earnings per share, diluted were $0.21 against $0.13 a year ago. Non GAAP EBITDA was $21,178,000 against $17,739,000 a year ago. For the nine months, net sales were $431,568,000 against $388,024,000 a year ago. Operating income was $8,977,000 against loss of $10,268,000 a year ago. Income from continuing operations before income taxes was $8,624,000 against loss of $10,871,000 a year ago. Income from continuing operations was $5,326,000 against loss from continuing operations of $6,907,000 a year ago. Net income was $24,278,000 against net loss of $10,497,000 a year ago. Earnings per share, diluted were $0.64 against loss per share of $0.28 a year ago. Cash provided by operating activities was $9,754,000 against $6,577,000 a year ago. Capital expenditures were $29,026,000 against $34,517,000 a year ago. Non GAAP EBITDA was $34,527,000 against $17,948,000 a year ago. For the full year 2014, the company expects to achieve its previously announced full year revenue guidance of 8% to 9%, but is lowering its full year EBITDA guidance to $53 to $55 million.

Quanex Building Products Seeking Acquisitions

Quanex Building Products Corporation (NYSE:NX) will continue to pursue it M&A strategy as it has good cash flow and borrowing capacity to fund any acquisitions. which fits its disciplined criteria. Quanex Building Products has indicated that there are a number of opportunities which are pending to be executed in 2015.

Quanex Building Products Corporation Declares Quarterly Cash Dividend, Payable on September 30, 2014

Quanex Building Products Corporation announced that its Board of Directors declared quarterly cash dividend of $0.04 per share on the company's common stock, payable September 30, 2014, to shareholders of record on September 16, 2014.

Quanex Building Products Corporation to Report Q3, 2014 Results on Sep 09, 2014

Quanex Building Products Corporation announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Sep 09, 2014

Quanex Building Products Corporation, Q3 2014 Earnings Call, Sep 09, 2014

Quanex Building Products Corporation, Q3 2014 Earnings Call, Sep 09, 2014

 

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