Quanex Building Products (US:NX) Prnewswire·2025-10-29 14:27Core 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].