UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended October 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-33913 _______________________________ QUANEX BUILDING PRODUCTS CORPORATION (Exact name of registrant as specified in its charter) Delaware ...

Quanex Building Products Corporation (NYSE:NX) Q3 2023 Earnings Conference Call September 1, 2023 11:00 AM ET Company Participants Scott Zuehlke - Senior Vice President, Chief Financial Officer and Treasurer George Wilson - President and Chief Executive Officer Conference Call Participants Steven Ramsey - Thompson Research Group Julio Romero - Sidoti and Company Operator Good day and thank you for standing by. Welcome to the Q3 2023 Quanex Building Products Corporation Earnings Conference Call. At this time ...

(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2023 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 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________ FORM 10-Q ________________________________________________ ___________________________ ...

Quanex Building Products Corporation (NYSE:NX) Q2 2023 Earnings Conference Call June 2, 2023 11:00 AM ET Company Participants Scott Zuehlke - SVP, CFO & Treasurer George Wilson - President & CEO Conference Call Participants Reuben Garner - The Benchmark Company, LLC Brian Biros - Thompson Research Group Julio Romero - Sidoti & Company, LLC Operator Good day, and thank you for standing by. Welcome to the Q2 2023 Quanex Building Products Corporation Earnings Conference Call. At this time, all participants are ...

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, 2023 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 __________________________ ...

Financial Data and Key Metrics Changes - Net income decreased to $1.9 million or $0.06 per diluted share for Q1 2023, compared to $11.2 million or $0.34 per diluted share for Q1 2022 [16] - Consolidated net sales for Q1 2023 were $261.9 million, a decrease of 1.9% from $267 million in Q1 2022, primarily due to softer demand and customer inventory rebalancing [38] - Adjusted EBITDA for Q1 2023 decreased to $20.5 million from $24.4 million in the same period last year, largely due to lower volumes and increased costs [39] Business Line Data and Key Metrics Changes - North American Fenestration segment revenues for Q1 2023 were $153 million, a 4.3% increase year-over-year, driven by the acquisition of LMI Custom Mixing Assets [17] - North American Cabinet Components segment saw a 12.3% decrease in revenues year-over-year, attributed to lower market demand and customer shutdowns [11] - European Fenestration segment revenues decreased by 6.7% year-over-year, but increased by 3.9% when excluding foreign exchange impacts, driven by higher pricing and market share gains [18][35] Market Data and Key Metrics Changes - The overall macroeconomic environment is impacted by rising interest rates, tight labor markets, and inflationary pressures, affecting consumer confidence [7][8] - Inflationary pressures have been mixed, with some commodity prices decreasing while others, like PVC resin, have stabilized and begun to rise [8] Company Strategy and Development Direction - The company is focused on continuous improvement, optimizing return on invested capital, and working capital to support growth initiatives aligned with a $2 billion strategy [14] - The integration of the LMI acquisition is on track, with expectations to meet or exceed the synergy target of $500,000 [33] - The company anticipates a return to normal seasonality patterns, with expectations for increased volumes in the spring and summer months [32] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the second half of the fiscal year, despite near-term challenges from softening market demand and inflationary pressures [57] - The company remains well-positioned to capitalize on growth opportunities and to weather potential macroeconomic downturns [37] Other Important Information - Cash provided by operating activities improved significantly to $3.1 million for Q1 2023, compared to negative $21.7 million for Q1 2022 [19] - The leverage ratio of net debt to last 12 months adjusted EBITDA was 0.4 times, with a strong liquidity position [42] Q&A Session Summary Question: Impact of customer inventory rebalancing on North American Fenestration - Management noted that inventory rebalancing began in December and is expected to conclude soon, leading to a potential increase in repurchasing [46] Question: Expectations for margin trajectory across segments - Management indicated that EBITDA margins for the Fenestration segment are expected to be flat to slightly down, while the Cabinet Components segment may face more margin pressure [47] Question: Free cash flow expectations for the year - Management expects improved free cash flow due to reduced working capital hits compared to the previous year, with most cash generation occurring in the second half [50] Question: Labor dynamics and margin protection - Management is cautious about reducing the workforce and is focused on offsetting inflationary pressures through productivity improvements [66] Question: Price gains and index rollbacks - Management expressed confidence in achieving price gains and managing costs through transparency with customers [81]

Financial Performance - Net sales for the three months ended January 31, 2023, were $261,916, a decrease of 1.4% from $267,040 in the same period of 2022[11]. - Operating income decreased significantly to $4,403, down 68.9% from $14,126 year-over-year[11]. - Net income for the quarter was $1,909, a decline of 83.0% compared to $11,239 in the prior year[11]. - Comprehensive income for the quarter was $13,281, compared to $8,080 in the same quarter of 2022, indicating an increase of 64.3%[13]. - The company reported a foreign currency translation gain of $11,372 for the quarter, contrasting with a loss of $3,159 in the prior year[13]. - For the three months ended January 31, 2023, net sales were $261.9 million, a decrease of 1.4% compared to $267.0 million for the same period in 2022[34]. - Operating income for the three months ended January 31, 2023, was $4.403 million, down from $14.126 million in the prior year, indicating a 68.9% decrease[100]. - The company recorded a net income of $1.909 million for the three months ended January 31, 2023, compared to $11.239 million for the same period in 2022, representing an 83.0% decline[100]. Assets and Liabilities - Total assets increased to $827,026 as of January 31, 2023, up 14.2% from $724,617 at October 31, 2022[9]. - Long-term debt rose to $151,682, a substantial increase from $29,628 in the previous year[9]. - Cash and cash equivalents decreased to $43,055 from $55,093, reflecting a decline of 22.0%[9]. - Total lease assets increased to $103,219,000 as of January 31, 2023, from $78,003,000 as of October 31, 2022, representing a 32.3% increase[48]. - Total lease liabilities rose to $102,021,000 as of January 31, 2023, compared to $76,165,000 as of October 31, 2022, marking a 34.0% increase[48]. - Long-term debt increased significantly to $151,682,000 as of January 31, 2023, from $29,628,000 as of October 31, 2022, reflecting a 411.5% increase[53]. Cash Flow and Investments - Cash provided by operating activities was $3,135, a recovery from cash used of $(21,651) in the same period last year[16]. - The company made a business acquisition costing $92,000 during the quarter, impacting cash used in investing activities significantly[16]. - Cash provided by operating activities increased by $24.8 million, reaching $3.1 million for the three months ended January 31, 2023, compared to a cash outflow of $21.7 million in the prior year[145]. - Cash used for investing activities increased by $92.1 million, primarily due to the acquisition of LMI[146]. - Cash provided by financing activities was $83.3 million, including $86.4 million of net borrowings of long-term debt[147]. - As of January 31, 2023, the company had $43.1 million in cash and equivalents and $219.9 million available under the credit facility[141]. Acquisitions and Goodwill - The company acquired LMI Custom Mixing for $92 million in cash, with net sales from LMI contributing $16.5 million and operating income of $2.0 million since the acquisition[37]. - The preliminary purchase price allocation for LMI includes $42.1 million in goodwill and $19.5 million in intangible assets, reflecting the strategic value of the acquisition[39]. - The acquisition of LMI contributed $42.091 million to the goodwill balance, increasing the total goodwill to $184.706 million as of January 31, 2023[99]. Market Conditions and Forecasts - The NAHB forecasts housing starts to be 1.1 million in 2023, indicating a potential slowdown in the housing market[119]. - Ducker's forecast predicts a 5.7% decrease in total window shipments for 2023, reflecting weaker market demand[119]. - The ongoing geopolitical tensions and inflationary pressures are expected to impact commodity prices and operational costs[114]. Expenses and Cost Management - Selling, general and administrative expenses decreased by $1.1 million, or 8%, for the three months ended January 31, 2023, attributed to lower labor costs[126]. - Cost of sales increased by $8.8 million, or 8%, primarily due to inflation in raw materials and the inclusion of LMI's cost of sales[125]. - Depreciation and amortization expense increased by $1.1 million, or 27%, primarily due to the acquisition of LMI's property and equipment[127]. Tax and Compensation - The effective tax rate from continuing operations for the three months ended January 31, 2023, was 19.18%, compared to 17.70% for the same period in 2022[63]. - The company has a liability for uncertain tax positions (UTP) of $1.4 million related to U.S. federal and state tax items as of January 31, 2023[64]. - The total unrecognized compensation cost related to unamortized restricted stock awards was $3.7 million as of January 31, 2023, expected to be recognized over a remaining weighted average vesting period of 2.3 years[79]. Internal Controls and Compliance - There have been no changes in internal controls over financial reporting that materially affect the company, except for the internal controls of LMI acquired on November 1, 2022[162]. - Management is currently evaluating internal control procedures for LMI to comply with the Sarbanes-Oxley Act of 2002 by October 31, 2023[162].

Quanex Building Products Corporation (NYSE:NX) Q4 2022 Earnings Conference Call December 16, 2022 11:00 AM ET Company Participants George Wilson - President and Chief Executive Officer Scott Zuehlke - Senior Vice President, Chief Financial Officer and Treasurer Conference Call Participants Daniel Moore - CJS Securities Reuben Garner - The Benchmark Company Julio Romero - Sidoti & Company Christian Zyla - KeyBanc Capital Markets Operator Good day and thank you for standing by. Welcome to the Quanex Building ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended October 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-33913 _______________________________ QUANEX BUILDING PRODUCTS CORPORATION Registrant's telephone number, including area code: (713) 961-4 ...

Financial Data and Key Metrics Changes - The company reported net sales of $324 million for Q3 2022, a 15.8% increase from $279.9 million in Q3 2021, primarily due to higher prices from raw material cost inflation [6] - Net income rose by 90.4% to $25.9 million or $0.78 per diluted share, compared to $13.6 million or $0.41 per diluted share in the same quarter last year [7] - Adjusted EBITDA increased by 34.3% to $44.2 million, with an adjusted EBITDA margin expansion of approximately 180 basis points year-over-year [8][7] Performance by Business Segment - North American Fenestration segment net sales reached $184.7 million, a 25% growth year-over-year, driven by price increases and higher volumes [9] - North American Cabinet Components segment reported net sales of $72.5 million, a 17% increase, entirely attributed to price increases as volumes declined [11] - European Fenestration segment revenue was $67.6 million, a 4.9% decrease year-over-year, but an 8.7% increase when excluding foreign exchange impacts [14] Market Data and Key Metrics Changes - The company anticipates a 15% revenue growth in the North American Fenestration segment for Q4, while expecting a 15% decline in the European Fenestration segment due to foreign exchange impacts and softening demand [20] - The overall demand for products remains relatively healthy, although there are signs of softness in the North American Cabinet Components business [19] Company Strategy and Industry Competition - The company aims for profitable growth with a strategy focused on organic, inorganic, and innovative growth opportunities, targeting $2 billion in revenue [33][34] - The company emphasizes its manufacturing capabilities rather than being narrowly defined by specific markets, allowing for broader growth opportunities [35][36] - The company is exploring M&A opportunities that are margin-accretive and synergistic with its manufacturing capabilities [37] Management's Comments on Operating Environment and Future Outlook - Management noted that heightened mortgage rates and inflation concerns are headwinds to consumer confidence, but the U.S. housing market remains underbuilt with strong demand [25] - The company expects continued easing of supply chain concerns and a decrease in raw material costs, although labor costs will remain a challenge [28] - Management remains focused on cash generation and maintaining a strong balance sheet while navigating the current economic uncertainties [18][31] Other Important Information - Cash provided by operating activities was $51.7 million for Q3 2022, compared to $18.5 million in Q3 2021, with free cash flow of $46 million [16] - The company repaid $25 million in bank debt and repurchased $5 million of common stock during the quarter, maintaining a strong liquidity position [17] Q&A Session Summary Question: Can you break down the double-digit volume growth in North America Fenestration by product and end market? - Management indicated that screens and spacers drove growth, with vinyl profiles not contributing significantly [42] Question: How much of the Q4 guidance for Europe is FX-driven versus volume decline expectations? - Management noted a $9 million negative impact from FX, which significantly affected revenue [43] Question: What is the updated overall window shipment projection for calendar '22? - Management stated that window shipments are expected to be barely above flat, with uncertainty for '23 [46] Question: Can you discuss the fencing opportunity and whether significant investment is needed to scale it up? - Management believes they are well-positioned to serve the fencing market without significant investment, focusing on manufacturing capabilities [58] Question: How are energy prices in Europe affecting operations? - Management has not yet been impacted on supply but anticipates significant cost impacts that will be passed through to customers [67] Question: How should we think about inventory levels moving forward? - Management expects easing of inventory valuation but does not anticipate significant changes in volume [70]