Core Insights - Quanex Building Products Corporation has appointed Manish H. Shah and Amit Singhi to its Board of Directors effective August 12, 2024 [1] Group 1: Leadership Appointments - Manish H. Shah is the Chief Digital Transformation Officer at ServiceNow and has a background in IT management and digital experience across healthcare [2] - Amit Singhi is the Chief Financial Officer of Humanetics and has extensive experience in financial and operational leadership roles in various technology companies [3] Group 2: Company Overview - Quanex is a global manufacturer with capabilities across various end markets, including windows, doors, vinyl fencing, solar, refrigeration, custom mixing, and cabinetry [4] - The company plans to leverage its material science expertise and process engineering to expand into adjacent markets [4]

Combination Creates a Comprehensive Solutions Provider to Building Products OEMs Acquisition Enhances Scale, Global Reach and Product Offering HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE: NX) ("Quanex" or the "Company") today announced that it has closed on its acquisition of Tyman plc ("Tyman"), creating a comprehensive solutions provider in the building products industry. "We are excited to welcome the Tyman team. This transaction accelerates our growth and value ...

Combination Creates a Comprehensive Solutions Provider to Building Products OEMs Acquisition Enhances Scale, Global Reach and Product Offering HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE: NX) ("Quanex" or the "Company") today announced that it has closed on its acquisition of Tyman plc ("Tyman"), creating a comprehensive solutions provider in the building products industry. "We are excited to welcome the Tyman team. This transaction accelerates our growth and value ...

HOUSTON, July 12, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) ("Quanex" or the "Company") today announced that shareholders of both Quanex and Tyman plc (LSE:TYMN) ("Tyman") have approved Quanex's proposed acquisition of Tyman. Tyman shareholders will receive either a mix of 240.0 pence in cash and 0.05715 shares of Quanex common stock for each Tyman share, or a Capped All-Share Alternative of 0.14288 shares of Quanex common stock per Tyman share. The Capped All-Share Alternative ...

"On behalf of our Board of Directors and executive management team, I would like to thank Quanex and Tyman shareholders for their support as we move swiftly towards completing the transaction and creating a comprehensive solutions provider in the building products industry," said George Wilson, Chairman, President and Chief Executive Officer of Quanex. "We continue to prepare internally for the upcoming integration of our two companies and we look forward to working alongside our talented colleagues at Tyma ...

NEW YORK, July 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Quanex Building Products Corporation (NYSE: NX), relating to its proposed merger with Tyman plc. Under the terms of the agreement, Tyman shareholders will own between approximately 30% and 32 ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe ar ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________ FORM 10-Q ________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-33913 __________________________ ...

Shares of the company rose 6% in the after-hours trading session on Jun 6 after the news release. Adjusted earnings of 66 cents per share surpassed the consensus estimate of 53 cents by 24.5%. The upside can be attributed to a decline in raw material costs, lower income tax expenses and reduced interest expenses. Gross margin in the quarter was 24.9%, which expanded 30 basis points (bps) from the prior-year period's tally. Adjusted EBITDA margin came in at 15%, reflecting a 40 bps increase from the year-ago ...

Quanex Building Products (NX) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. There are no easy answers to this key question, but one reliable ...