Quanex Building Products (US:NX) Globenewswire·2025-11-09 13:56Core 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 [2][4]. Company Overview - Quanex Building Products Corporation is publicly traded on the NYSE under the ticker NX [2]. - The company has faced significant operational challenges, particularly related to its Tyman Mexico facility, which have negatively impacted its financial performance [5][6]. Allegations and Financial Impact - The complaint alleges that Quanex and its executives made false or misleading statements regarding the maintenance of tooling and equipment at the Tyman facility, which were significantly underinvested [4]. - As a result of these issues, the company reported a diluted EPS of ($6.04) for Q3 2025, a decline from $0.77 in the same period the previous year, and an adjusted EBITDA of $70.30 million [5]. - The operational challenges led to a nearly $5 million negative impact on EBITDA in the Hardware Solutions segment during Q3 2025 [6]. Stock Performance - Following the announcement of the financial results and operational issues, 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 [6]. - The stock continued to decline, dropping an additional $1.98, or 10.9%, to close at $16.20 per share on September 8, 2025 [7]. Legal Proceedings - Investors who purchased or acquired securities in Quanex between December 12, 2024, and September 5, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal rights [1][2]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding Quanex's conduct [9].