Quarterly ResultJun 4, 2026, 04:24 PM
Quanex Building Products Q2 Net Sales Up 2.2% to $462.4M; Net Income Down
AI Summary
Quanex Building Products announced its second quarter 2026 results, reporting a 2.2% year-over-year increase in net sales to $462.4 million. However, net income and adjusted EPS saw a significant decline compared to the prior year, attributed to inflationary pressures and an unfavorable price versus cost dynamic. The company is addressing these margin pressures and expects some recovery in the second half of the year. Volumes are tracking seasonal patterns, and the company successfully managed working capital to avoid being a net borrower in the quarter.
Key Highlights
- Quanex Building Products reported Q2 2026 net sales of $462.4 million, a 2.2% increase year-over-year.
- Net income for Q2 2026 was $3.4 million, or $0.07 per diluted share, down from $20.5 million, or $0.44 per diluted share in Q2 2025.
- Adjusted diluted EPS for Q2 2026 was $0.25, compared to $0.63 in Q2 2025.
- Adjusted EBITDA for Q2 2026 was $44.2 million, down from $63.1 million in Q2 2025.
- The company experienced a price vs. cost imbalance due to inflationary pressures, impacting margins.
- Volumes are tracking normal seasonality patterns.
- Total debt was $715.0 million as of April 30, 2026, with a leverage ratio of 3.1x Net Debt to LTM Adjusted EBITDA.
- Liquidity stood at $328.6 million as of April 30, 2026.
Price Impact
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