Quanex Building Products (NX)
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NX INVESTOR ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In NX To Contact Him Directly To Discuss Their Options
Prnewswire· 2025-10-29 14:27
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Quanex Building Products Corporation due to allegations of misleading statements and operational issues that have negatively impacted the company's financial performance [2][4]. Financial Performance - Quanex reported a diluted EPS of ($6.04) for Q3 2025, a significant decline from $0.77 in the same period the previous year [5]. - The company disclosed operational issues related to the Tyman business in Mexico, which impacted results more than expected during Q3 2025 [5]. - Adjusted EBITDA for the company was reported at $70.30 million [5]. Operational Issues - The complaint alleges that Quanex's tooling and equipment maintenance procedures in its Tyman Mexico facility were significantly underinvested, leading to degraded conditions [4]. - CEO George Wilson indicated that operational challenges in the Tyman facility negatively impacted EBITDA in the Hardware Solutions segment by almost $5 million in Q3 2025 [6]. - The issues were identified midyear, and the systems for anticipating and planning tooling repairs were described as significantly deficient [6]. Stock Market Reaction - Following the announcement of the financial results, Quanex's stock price fell by $2.73, or 13.1%, closing at $18.18 per share on September 5, 2025 [6]. - The stock continued to decline, falling by $1.98, or 10.9%, to close at $16.20 per share on September 8, 2025 [6]. Legal Proceedings - Investors who suffered losses exceeding $75,000 in Quanex between December 12, 2024, and September 5, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal options [1][2]. - The deadline to seek the role of lead plaintiff in the federal securities class action against Quanex is November 18, 2025 [2].
Quanex Building Products Appoints Mary Lawler to Board of Directors
Globenewswire· 2025-10-28 20:15
Core Insights - Quanex Building Products Corporation has appointed Mary K. Lawler to its Board of Directors effective November 1, 2025 [1][2] Group 1: Leadership Appointment - Mary K. Lawler brings extensive human resources leadership experience in global manufacturing to the Board, which is expected to support the company's profitable growth strategy [2] - Lawler's background includes her role as Senior Vice President and Chief Human Resources Officer at Illinois Tool Works Inc., and previous positions at GATX Corporation and Tribune Media [2] Group 2: Company Overview - Quanex is a global manufacturer with capabilities across various end markets, including windows, doors, solar, refrigeration, custom mixing, and cabinetry [3] - The company aims to leverage its material science expertise and process engineering to expand into adjacent markets in the future [3]
ROSEN, A RANKED AND LEADING FIRM, Encourages Quanex Building Products Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – NX
Globenewswire· 2025-10-28 17:47
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Quanex Building Products Corporation during the specified Class Period of the upcoming lead plaintiff deadline on November 18, 2025 [1] Group 1: Class Action Details - Investors who purchased Quanex securities between December 12, 2024, and September 5, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties can join by contacting the law firm [3][6] - To serve as lead plaintiff, individuals must file a motion with the Court by November 18, 2025 [3] Group 2: Legal Representation - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions [4] - The firm has achieved significant settlements in the past, including the largest securities class action settlement against a Chinese company at the time [4] - Rosen Law Firm has consistently ranked highly in securities class action settlements, recovering hundreds of millions of dollars for investors [4] Group 3: Case Allegations - The lawsuit alleges that Quanex made false and misleading statements regarding its tooling and equipment maintenance policies, which were significantly underinvested [5] - It is claimed that the conditions of Quanex's tooling and equipment had degraded to near catastrophic levels, leading to significant costs and delays in expected benefits from the Tyman integration [5] - The lawsuit asserts that Quanex had previously identified these issues, making the positive statements about its business operations materially misleading [5]
QUANEX CLASS ACTION REMINDER: Bragar Eagel & Squire, P.C. Reminds Investors in Quanex to Contact the Firm Before November 18th Deadline Regarding Filed Class Action
Globenewswire· 2025-10-25 14:55
Core Viewpoint - A class action lawsuit has been filed against Quanex Building Products Corporation for allegedly making materially false and misleading statements regarding its business operations and prospects during the specified class period [3][7]. Allegation Details - The lawsuit claims that Quanex failed to disclose significant underinvestment in tooling and equipment maintenance at its Tyman Mexico facility, leading to degraded conditions [3]. - It is alleged that the company was likely to incur substantial costs due to these issues, which would delay the expected benefits from the Tyman integration [3]. - The complaint asserts that Quanex had previously identified these problems but did not disclose them, rendering its positive statements about the company's operations misleading [3]. Next Steps - Investors who purchased Quanex shares between December 12, 2024, and September 5, 2025, and suffered losses are encouraged to contact the law firm for more information and to discuss their rights [4][7]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is November 18, 2025 [7]. About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in complex litigation across the United States [5].
NX Investors Should Contact Robbins LLP for Information Regarding the Upcoming Lead Plaintiff Deadline in the Quanex Building Products Corporation Class Action
Globenewswire· 2025-10-23 00:57
Core Viewpoint - Quanex Building Products Corporation is facing a class action lawsuit due to alleged operational issues related to the Tyman Acquisition, which were not disclosed to shareholders [1][3]. Summary by Sections Company Overview - Quanex is an international supplier of engineered home components and access solutions for the construction industry, including products like windows, doors, cabinetry, and vinyl [1]. Class Action Details - The class period for the lawsuit is from December 12, 2024, to September 5, 2025 [1]. - The lawsuit was filed on behalf of individuals and entities that purchased or acquired shares of Quanex [1]. Allegations - The complaint alleges that: - The Company's tooling and equipment maintenance procedures at the Tyman Mexico facility were significantly underinvested [3]. - The conditions of tooling and equipment had degraded to near catastrophic levels [3]. - Significant costs were likely to be incurred, delaying the expected benefits from the Tyman integration [3]. - Quanex had previously identified these issues [3]. - Positive statements made by the Company regarding its business and operations were materially misleading [3]. Stock Price Impact - Following the revelation of these issues, Quanex's stock price fell by $2.73, or 13.1%, closing at $18.18 per share on September 5, 2025 [4]. - The stock continued to decline, falling by $1.98, or 10.9%, to close at $16.20 per share on September 8, 2025 [4]. Next Steps for Shareholders - Shareholders may be eligible to participate in the class action and must file their papers by November 18, 2025, if they wish to serve as lead plaintiff [5]. - Shareholders can remain absent class members if they choose not to participate [5].
ROSEN, NATIONAL INVESTOR COUNSEL, Encourages Quanex Building Products Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – NX
Globenewswire· 2025-10-22 19:41
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Quanex Building Products Corporation during the specified Class Period of the upcoming lead plaintiff deadline on November 18, 2025 [1] Group 1: Class Action Details - Investors who purchased Quanex securities between December 12, 2024, and September 5, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6] - To serve as lead plaintiff, individuals must file a motion with the Court by November 18, 2025 [3] Group 2: Case Allegations - The lawsuit alleges that Quanex made false and misleading statements regarding its tooling and equipment maintenance policies at its Tyman Mexico facility, which were significantly underinvested [5] - It is claimed that the conditions of the tooling and equipment had degraded to near catastrophic levels, leading to significant costs and delays in expected benefits from the Tyman integration [5] - The lawsuit asserts that Quanex had previously identified these issues, and the positive statements made by the defendants about the company's business and prospects were materially misleading [5] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4] - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been ranked highly for its performance in securities class action settlements [4]
QUANEX CLASS ACTION ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Quanex Building Products Corporation and Encourages Investors to Contact the Firm
Globenewswire· 2025-10-21 21:47
Core Viewpoint - A class action lawsuit has been filed against Quanex Building Products Corporation for allegedly making materially false and misleading statements regarding its business operations and prospects during the specified class period [2][3]. Group 1: Lawsuit Details - The class action lawsuit is filed on behalf of all individuals and entities who purchased or acquired Quanex securities between December 12, 2024, and September 5, 2025 [2]. - Investors have until November 18, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit [2]. Group 2: Allegations - The complaint alleges that the defendants failed to disclose significant issues regarding the maintenance of tooling and equipment at the Tyman Mexico facility, which were "underinvested" [3]. - It is claimed that the conditions of the tooling and equipment had degraded to near "catastrophic" levels, leading to potential significant costs and delays in expected benefits from the Tyman integration [3]. - The lawsuit asserts that Quanex had previously identified these issues, and the positive statements made by the defendants about the company's business were materially misleading [3]. Group 3: Next Steps for Investors - Investors who purchased or acquired Quanex shares and suffered losses are encouraged to contact the law firm for more information regarding their rights and potential claims [4].
Quanex Building Products Appoints Gabriela Garcia as Chief Accounting Officer
Globenewswire· 2025-10-20 20:15
Core Insights - Quanex Building Products Corporation has appointed Gabriela Garcia as Chief Accounting Officer, effective immediately, to lead the global accounting function and enhance operational efficiency in finance [1][2] Leadership and Experience - Gabriela Garcia brings over 25 years of progressive accounting experience, having previously served as Chief Accounting Officer and Corporate Controller at Rayonier Advanced Materials from 2020 to 2025, and as Assistant Controller and Controller at Nexeo Solutions from 2012 to 2019 [2] - Garcia holds a BBA in marketing, an MBA in finance, and a MS in accounting, and is a Certified Public Accountant [2] Company Overview - Quanex is a global manufacturer with capabilities across various end markets, collaborating with leading OEMs to provide innovative solutions in sectors such as window, door, solar, refrigeration, and cabinetry [3] - The company aims to leverage its material science expertise and process engineering to expand into adjacent markets [3]
Faruqi & Faruqi Reminds Quanex Building Products Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of November 18, 2025 - NX
Globenewswire· 2025-10-16 16:28
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Quanex Building Products Corporation due to alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by November 18, 2025 [4][10]. Group 1: Allegations Against Quanex - The complaint alleges that Quanex and its executives made false or misleading statements and failed to disclose significant underinvestment in tooling and equipment maintenance at its Tyman Mexico facility [6]. - It is claimed that the conditions of tooling and equipment had degraded to near catastrophic levels, leading to significant costs and delays in expected benefits from the Tyman integration [6]. - The complaint also states that Quanex had previously identified these issues, contradicting positive statements made about the company's business and operations [6]. Group 2: Financial Impact - On September 4, 2025, Quanex reported a diluted EPS of ($6.04), a significant decline from $0.77 in the same period the previous year, and an adjusted EBITDA of $70.30 [7]. - The company disclosed ongoing operational issues related to the Tyman business that impacted results more than expected during the third quarter of 2025 [7]. - During an earnings call on September 5, 2025, CEO George Wilson noted that operational challenges negatively impacted EBITDA in the Hardware Solutions segment by almost $5 million in the third quarter alone [8]. Group 3: Stock Price Reaction - Following the announcement of poor financial results, Quanex's stock price fell by $2.73, or 13.1%, closing at $18.18 per share on September 5, 2025, with unusually heavy trading volume [8]. - The stock continued to decline, dropping an additional $1.98 or 10.9% to close at $16.20 per share on September 8, 2025, also on unusually heavy trading volume [9].
ROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Quanex Building Products Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – NX
Globenewswire· 2025-10-15 20:45
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Quanex Building Products Corporation during the specified Class Period of the upcoming lead plaintiff deadline on November 18, 2025 [1] Group 1: Class Action Details - Investors who purchased Quanex securities between December 12, 2024, and September 5, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6] - The lawsuit alleges that Quanex made false and misleading statements regarding its operations and the condition of its equipment, which led to investor damages when the truth was revealed [5] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4] - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time, and has consistently ranked highly in securities class action settlements [4] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [4]