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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].
SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Quanex Building Products
Prnewswire· 2025-10-02 14:43
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Quanex Building Products Corporation due to alleged violations of federal securities laws, particularly related to misleading statements about the company's operational issues and maintenance practices [2][4]. Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses in Quanex between December 12, 2024, and September 5, 2025, to discuss their legal options [1]. - There is a deadline of November 18, 2025, for investors to seek the role of lead plaintiff in a federal securities class action against Quanex [2]. Group 2: Allegations Against Quanex - The complaint alleges that Quanex's tooling and equipment maintenance policies in its Tyman Mexico facility were significantly underinvested, leading to degraded conditions [4]. - It is claimed that these operational issues were known to the company, which misled investors about its business prospects [4]. Group 3: Financial Impact - On September 4, 2025, Quanex reported a diluted EPS of ($6.04), a significant decline from $0.77 in the prior year period, and an adjusted EBITDA of $70.30 [5]. - The CEO indicated that operational challenges in the Tyman facility negatively impacted EBITDA by almost $5 million in the third quarter of 2025 [6]. - Following the announcement of these issues, Quanex's stock price fell by 13.1% to $18.18 per share on September 5, 2025, and continued to decline by 10.9% to $16.20 per share on September 8, 2025 [6].