From GlobeNewswire: 2025-06-05 16:15:00

Quanex Building Products Corporation reported a seasonal uptick in demand during the second quarter of 2025, with revenue increasing in March and April. The company saw volume growth in its European Fenestration segment and remains confident in achieving $45 million in cost synergies from the Tyman acquisition, up from the original target of $30 million.

For the three months ended April 30, 2025, Quanex reported net sales of $452.5 million, a 70.0% increase from the same period in 2024. The increase was driven by the contribution from the Tyman acquisition. Excluding Tyman, net sales would have declined by 1.4%, mainly due to lower volume in North America.

Quanex’s net income and EBITDA for the three months ended April 30, 2025, were positively impacted by the contribution from the Tyman acquisition and related cost synergies. The company had total debt of $785.0 million as of April 30, 2025, with a leverage ratio of Net Debt to LTM Adjusted EBITDA of 3.2x.

The company’s Board authorized a $75 million share repurchase program in December 2021. During the three months ended April 30, 2025, Quanex repurchased over $23 million of its shares. Approximately $35.6 million remained under the existing share repurchase authorization as of April 30, 2025.

Looking ahead, Quanex reaffirmed its guidance for fiscal 2025, expecting to generate net sales of approximately $1.84 billion to $1.86 billion, resulting in Adjusted EBITDA of $270 million to $280 million. The company is working on re-segmenting its business and aims to report in the new operating segments this year.



Read more at GlobeNewswire:: Quanex Building Products Announces Second Quarter 2025