NEW YORK, Sept. 26, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into James Hardie Industries plc (NYSE: JHX) for potential violations of the federal securities laws. If you invested in James Hardie, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/james-hardie-industries-class-action-lawsuit. Why Is James Hardie being Investigated? James Hardie is a producer and marketer of high-performance fiber ceme ...

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. KBR was aware that the Department of Defense had ongoing concerns about its HomeSafe joint venture, specifically about its ability to fulfill its obligations related to the relocation of armed forces services members and their families. Despite knowing about these concerns, the Company claimed to investors that its performance would continue to grow. Based on these facts, KBR's public statements were fa ...

Financial Data and Key Metrics Changes - Company reported Q1 fiscal 2026 earnings of $0.70 per share, up from $0.48 per share in the prior year quarter, with adjusted earnings at $0.74 per share compared to $0.50 per share last year [11][12] - Consolidated sales for the quarter were $304 million, an 18% increase from $257 million in the prior year quarter, driven by higher volumes in the building product segment and the inclusion of Elgin Manufacturing [12][14] - Gross margin improved to 27.1% from 24.3% year-over-year, despite a $2.2 million purchase accounting charge related to Elgin [4][12] Business Line Data and Key Metrics Changes - Consumer products segment sales were $119 million, up 1% year-over-year, with adjusted EBITDA of $16 million and a margin of 13.6%, down from 15.1% last year due to lower volumes and tariff charges [15][16] - Building products segment sales grew 32% year-over-year to $185 million, with adjusted EBITDA of $58 million and a margin of 31.3%, up from 28.4% last year, driven by higher volumes and contributions from Elgin [17][18] Market Data and Key Metrics Changes - The consumer environment remains cautious, with demand closely correlated to point-of-sale activities, while the building products segment showed strength in cooling and construction products [16][18] - Elgin Manufacturing contributed $21 million in sales for Q1, enhancing the company's presence in commercial HVAC [18][19] Company Strategy and Development Direction - Company is focused on building a sustainable growth platform through innovation, transformation, and acquisitions, with recent product launches contributing to market share growth [6][7] - The acquisition of Elgin Manufacturing is seen as a strategic move to enhance capabilities in commercial HVAC and broaden market reach [7][19] Management's Comments on Operating Environment and Future Outlook - Management acknowledged headwinds such as cautious consumer behavior and high interest rates impacting residential and commercial activities, yet expressed confidence in future growth prospects [5][9] - The company is committed to optimizing operations and maintaining a strong balance sheet, with expectations for improved free cash flow as capital expenditures normalize [13][14] Other Important Information - The company reported a total incident case rate 40% lower than industry peers, reflecting its commitment to safety [9] - A quarterly dividend of $0.19 per share was declared, payable in December 2025 [14] Q&A Session Summary Question: What drove the margin in the building product segment? - Management indicated strong execution in normalized markets, with solid growth in heating, cooking, and cooling businesses, aiming for EBITDA margins to reach 12-13% over time [24][25] Question: What are the drivers for WAVE's outperformance? - WAVE continues to perform well, driven by strong end markets in education, healthcare, and data centers, with expectations for steady performance [27][28] Question: How are tariffs impacting the business? - Management noted that tariffs have created complexities, but being a domestic manufacturer provides a competitive edge in pricing [30][32] Question: What is the outlook for ClarkDietrich? - Management expects flat to slightly down performance in the near term due to reduced construction spending, but remains optimistic about future recovery [49][50] Question: What is the M&A pipeline outlook? - The company is actively seeking high-margin, low-asset intensity businesses in niche markets, with a solid pipeline for potential acquisitions [52][54]

Financial Performance - Consolidated net sales increased by 18% year-over-year to $304 million, driven by higher volumes in Building Products and contributions from Elgen[5] - Gross margin expanded to 27.1% from 24.3%, and Adjusted EBITDA margin rose to 21.4% from 18.8% in the prior year quarter[5] - Adjusted EPS increased from $0.50 to $0.74[8] - Free cash flow for Q1 was $28 million, with $13 million in capex spend, including $9 million related to facility modernization projects[7] Segment Performance - Building Products Adjusted EBITDA increased from $40 million to $58 million, with Adjusted EBITDA margin improving from 28.4% to 31.3%[5] - Building Products net sales increased from $140 million to $185 million[8] - Consumer Products Adjusted EBITDA decreased slightly from $18 million to $16 million, with Adjusted EBITDA margin decreasing from 15.1% to 13.6%[5] - Consumer Products net sales increased slightly from $118 million to $119 million[8] Capital Allocation - The company repurchased 100 thousand shares of common stock during Q1 for $6 million, at an average purchase price of $62.59, leaving 5.3 million shares remaining on the share repurchase authorization[7] - A dividend of $0.19 per share was declared, payable in December 2025[7] - Elgen Manufacturing was acquired for approximately $91 million, net of cash acquired, on June 18, 2025[7] Overall Financial Position - Net sales of $1.2 billion and Adjusted EBITDA of $280 million[87] - The company has ample liquidity of $667 million, including $167 million in cash and cash equivalents and $500 million of capacity from undrawn revolver as of 08/31/25[80]

NEW YORK, Sept. 23, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Quanex Building Products Corporation (NYSE: NX) between December 12, 2024 and September 5, 2025, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 18, 2025. SO WHAT: If you purchased Quanex secur ...

Core Insights - Worthington Enterprises Inc. reported strong financial results for the first quarter of fiscal 2026, with significant growth in net sales and earnings compared to the previous year [4][5][6]. Financial Performance - Net sales reached $303.7 million, an increase of 18% from $257.3 million in the first quarter of fiscal 2025 [4][5]. - Net earnings rose by 45% to $34.8 million, up from $24.0 million in the prior year [5][6]. - Adjusted EBITDA grew by 34% to $65.1 million, compared to $48.4 million in the same quarter last year [5][6]. - Diluted earnings per share improved from $0.48 to $0.70, while adjusted diluted EPS increased from $0.50 to $0.74 [5][6]. Segment Performance - The Building Products segment generated net sales of $184.8 million, a 32.2% increase driven by higher volumes and contributions from the recent acquisition of Elgen, which added $20.9 million in sales [12][13]. - Consumer Products segment sales were $118.9 million, slightly up from $117.6 million, although adjusted EBITDA decreased due to lower volumes and increased expenses [12][13]. Cash Flow and Capital Expenditures - Operating cash flow remained flat at $41.1 million compared to the prior year, while free cash flow decreased by 12% to $27.9 million due to increased capital expenditures [5][10]. - The company invested approximately $13.2 million in capital expenditures, including $8.6 million for ongoing facility modernization projects [10][11]. Balance Sheet and Debt - The company ended the quarter with cash of $167.1 million, down from $250.1 million at the end of the previous quarter, primarily due to the acquisition of Elgen [10][11]. - Total debt increased to $306.0 million, all of which is long-term debt, reflecting a $3.1 million rise from the previous quarter [11]. Strategic Developments - The acquisition of Elgen Manufacturing for $91.2 million enhances Worthington's position in the commercial HVAC market and broadens its product offerings [5][14]. - The company declared a quarterly dividend of $0.19 per share, payable on December 29, 2025, to shareholders of record on December 15, 2025 [5].

Group 1 - The article highlights the upcoming deadline of November 18, 2025, for investors to file a lead plaintiff motion in a class action lawsuit related to Quanex Building Products Corporation [1] - The class action is on behalf of investors who purchased or acquired Quanex securities between December 12, 2024, and September 5, 2025, indicating a specific class period for the claims [1] - The notice serves as a reminder for investors who suffered losses on their Quanex investments to inquire about potential actions [1]

Core Viewpoint - Quanex Building Products Corporation is facing a lawsuit for alleged violations of securities laws, which may impact its financial standing and investor confidence [1] Company Summary - The lawsuit has been filed by the DJS Law Group, indicating potential legal challenges for Quanex Building Products Corporation [1] Industry Summary - The case highlights ongoing scrutiny in the building products industry regarding compliance with securities regulations, which could affect investor sentiment and market dynamics [1]

Core Viewpoint - A class action lawsuit has been filed against Quanex Building Products Corporation for failing to disclose significant operational issues related to its Tyman acquisition, which has led to a substantial decline in stock price following the revelation of these issues [1][2][3]. Group 1: Allegations and Issues - The lawsuit alleges that Quanex's maintenance procedures and policies at its Tyman Mexico facility were significantly underinvested, leading to degraded tooling and equipment conditions [2]. - It is claimed that the company was likely to incur significant costs due to these operational issues, which would delay the expected benefits from the Tyman integration [2]. - The complaint states that Quanex had previously identified these issues but failed to disclose them, resulting in misleading positive statements about the company's business and prospects [2]. Group 2: Stock Price Impact - Following the revelation of the operational issues, Quanex's stock price fell by $2.73, or 13.1%, closing at $18.18 per share on September 5, 2025 [3]. - The stock continued to decline, dropping an additional $1.98, or 10.9%, to close at $16.20 per share on September 8, 2025 [3].

NEW YORK--(BUSINESS WIRE)---- $NX #Building--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Quanex Building Products Corporation ("Quanex†or the "Company†) (NYSE: NX) and reminds investors of the November 18, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Ge. ...