Latest Quanex Building Products Corp (NX) Headlines
Quanex Building Loss Narrows Y/Y, Misses Ests - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Mar 07, 8:30AM CST
Quanex Building posted wider-than-expected loss in first-quarter 2014.
Quanex Building Products Reports First Quarter 2014 Results
GlobeNewswire - Thu Mar 06, 8:23AM CST
-- Record first quarter EPG net sales increased 19% to $126 million vs. $106 million in Q1 2013
Secondary Offering by Armstrong World - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Mar 05, 5:30PM CST
Armstrong World has declared a secondary offering.
Headwaters Hits 52-Week High - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Mar 05, 4:19PM CST
Shares of Headwaters attained a 52-week high of $13.98 on March 4.
Vulcan Materials Hits 52-Week High - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Mar 05, 11:40AM CST
On Mar 4, 2014, shares of Vulcan Materials Company reached a new 52-week high
Quanex Building Products Corporation Declares Quarterly Dividend
GlobeNewswire - Fri Feb 28, 6:15AM CST
Quanex Building Products Corporation (NYSE:NX) a leading components supplier for the global window and door industry, today announced that its Board of Directors declared a quarterly cash dividend of $0.04 per share on the company's common stock, payable March 28, 2014, to shareholders of record on March 14, 2014.
Quanex Webcast of Fiscal 2014 First Quarter Conference Call
GlobeNewswire - Mon Feb 24, 6:11AM CST
In conjunction with Quanex Building Products Corporation's (NYSE:NX) fiscal 2014 first quarter earnings announcement, scheduled for release before market hours on March 6, 2014, you are invited to listen to the conference call with Bill Griffiths, chairman, president and chief executive officer, and Brent Korb, chief financial officer, that will be broadcast live over the internet.
NYSE stocks posting largest percentage decreases
AP - Fri Feb 21, 2:43PM CST
NEW YORK (AP) — A look at the 10 biggest percentage decliners on New York Stock Exchange at 1 p.m.:
Quanex to Vend Nichols Aluminum - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Feb 12, 5:50PM CST
Quanex Building has sold Nichols Aluminum, LLC for $110 million.
Why Quantex Building Products Corporation's Shares Jumped Today
Travis Hoium, The Motley Fool - Motley Fool - Mon Feb 10, 3:32PM CST
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis. What: Shares of Quanex Building Products Corporation ...
Quanex Signs Agreement to Sell Nichols Aluminum
GlobeNewswire - Mon Feb 10, 8:00AM CST
Quanex Building Products Corporation (NYSE:NX), a leading components supplier for the global window and door industry, today announced that it signed a purchase agreement to sell its interest in Nichols Aluminum, LLC, a wholly owned subsidiary, to Aleris for $110 million in an all cash transaction. The transaction is subject to customary regulatory approvals and will close shortly after those approvals are obtained.
Aleris Announces Agreement To Acquire Nichols Aluminum
PR Newswire - Mon Feb 10, 8:00AM CST
Aleris announced today that it has signed a definitive agreement to acquire Nichols Aluminum, LLC, a wholly owned subsidiary of Quanex Building Products Corporation (NYSE: NX), and a leading producer of aluminum sheet for the transportation, building and construction, machinery and equipment, consumer durables, and electrical industries in North America. The acquisition includes two production facilities in Davenport, Iowa, a facility in Decatur, Alabama, and a facility in Lincolnshire, Illinois. The company has agreed to pay $110 Million in an all-cash transaction.
Quanex Buys Atrium Extrusion Plant - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Jan 02, 5:45PM CST
Quanex Building has acquired the assets of Atrium Windows and Doors.
Quanex Building Products Corporation Acquires Assets of Atrium's Greenville, TX Vinyl Extrusion Facility
GlobeNewswire - Tue Dec 31, 3:00PM CST
Quanex Building Products Corporation (NYSE:NX), a leading manufacturer of fenestration products for the global window and door industry, today announced it has acquired the assets of Atrium Windows and Doors, Inc.'s Greenville, Texas facility. The assets purchased include six vinyl extrusion lines, with the ability for additional expansion.
Quanex Building Beats on Q4 Earnings - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Dec 20, 10:50AM CST
Quanex Building's earnings and revenue beat the Zacks Consensus Estimate in the fourth quarter.
10-K: QUANEX BUILDING PRODUCTS CORP
Edgar Online - Wed Dec 18, 3:50PM CST
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. The following discussion and analysis contains forward-looking statements based on our current assumptions, expectations, estimates and projections about our business and the homebuilding industry, and therefore, it should be read in conjunction with our consolidated financial statements and related notes thereto, as well as "Cautionary Note Regarding Forward-Looking Statements" discussed elsewhere within this Annual Report on Form 10-K. For a listing of potential risks and uncertainties which impact our business and industry, see Item 1A, "Risk Factors." Actual results could differ from our expectations due to several factors which include, but are not limited to: market price and demand for our products, economic and competitive conditions, capital expenditures, new technology, regulatory changes and other uncertainties. Unless otherwise required by law, we undertake no obligation to publicly update any forward-looking statements, even if new information becomes available or other events occur in the future. Our Business We are a technological leader in the home building products market, and we operate in two segments: Engineered Products and Aluminum Sheet Products. The Engineered Products segment manufactures systems, finished products, and components serving the original equipment manufacturer (OEM) residential window and door industry, while the Aluminum Sheet Products segment produces mill finished and coated aluminum sheet serving the broader residential building products and transportation markets. We serve a primary customer base in North America, and also serve customers in international markets through our operating plants in the United Kingdom and Germany, as well as through sales and marketing efforts in other countries. We have four operating divisions which comprise the Engineered Products business segment, and one operating division which comprises the Aluminum Sheet Products business segment. Other costs, including corporate office expense, certain shared administrative functions, last-in first-out (LIFO) inventory valuation adjustments and inter-segment eliminations are categorized as Corporate & Other costs. The accounting policies of our business segments are the same as those used to prepare our accompanying consolidated financial statements. For each of our two business segments, we believe the primary drivers of our operating results are residential remodeling and replacement (R&R) activity and new home construction. We believe that housing starts and window shipments are indicators of activity levels in the home building industry, and we use this data, as published by or derived from third-party sources, to evaluate the market. In general, the rate of housing starts has increased over the past two years after a dramatic decline from 2007 through 2011 resulting from a general recession and a mortgage crisis in the United States. The recovery in the housing market has been relatively slow and growth in new home construction in the United States has been led by multi-family homes for which window to floor ratios are lower compared to mid- and higher priced homes. The current growth in single-family homes has seen the share of the large track builders increase and the smaller custom builders decrease. Multi-family and track homes typically employ lower cost, less energy efficient building materials than the vinyl window profiles and insulating glass spacers that we manufacture. Due to these circumstances, a greater portion of our business has shifted to the R&R market, which has experienced slower growth than the new construction market. The trailing 12-month window shipment results for the year ended October 31, 2013 derived from published reports by Ducker Worldwide, a consulting and research firm, indicates that volume has increased by only 3.6% for R&R window shipments on a year-over-year basis, compared to 24.2% for new construction, resulting in a combined window shipment growth rate of 10.8%. Our Aluminum Sheet Products business segment is a commodity driven business that depends to a large extent on fluctuations in aluminum prices on the London Metals Exchange (LME), as well as fluctuations in the premium paid to ship product to and from our casting plant in Davenport, Iowa. The price of aluminum impacts our cost of raw material as well as the price we can demand for our products. Historically, aluminum prices have fluctuated due to various macro-economic factors which impact global supply and demand. LME prices have experienced a general decline in recent years. Our business is impacted by seasonality. We historically experience lower sales during the first half of our fiscal year as winter weather reduces homebuilding and home improvement activity. Market Overview and Outlook Despite record highs in the United States stock market in 2013, the general United States economy has experienced slower than expected growth, although the housing industry has begun to rebound more quickly. New home construction and the level of R&R activities grew throughout 2013 and are expected to continue to grow into 2014. Although this growth is encouraging, the number of housing starts fluctuates between months, and R&R growth continues to lag the rate of recovery in new home construction. The National Association of Home Builders (NAHB) currently predicts that annual housing starts in the United States will rise to 1.2 million over the next two years. According to the United States Census Bureau and NAHB data, the number of actual housing starts has increased approximately 26% based on published data available when comparing our fiscal 2013 to
Quanex Building Products Reports Fourth Quarter 2013 Results
GlobeNewswire - Wed Dec 18, 7:00AM CST
-- Fourth quarter net sales increased 17% to $275 million vs. $235 million in Q4 2012
Quanex Webcast of Fiscal 2013 Fourth Quarter Conference Call
GlobeNewswire - Thu Dec 12, 4:21PM CST
In conjunction with Quanex Building Products Corporation's (NYSE:NX) fiscal 2013 fourth quarter earnings announcement, scheduled for release before market hours on December 18, 2013, you are invited to listen to the conference call with Bill Griffiths, chairman, president and chief executive officer, and Brent Korb, chief financial officer, that will be broadcast live over the internet.
Quanex Building Loss Narrows Y/Y, Misses Ests - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Mar 07, 8:30AM CST
Quanex Building posted wider-than-expected loss in first-quarter 2014.
Quanex Building Products Reports First Quarter 2014 Results
GlobeNewswire - Thu Mar 06, 8:23AM CST
-- Record first quarter EPG net sales increased 19% to $126 million vs. $106 million in Q1 2013
Secondary Offering by Armstrong World - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Mar 05, 5:30PM CST
Armstrong World has declared a secondary offering.
Headwaters Hits 52-Week High - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Mar 05, 4:19PM CST
Shares of Headwaters attained a 52-week high of $13.98 on March 4.
Vulcan Materials Hits 52-Week High - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Mar 05, 11:40AM CST
On Mar 4, 2014, shares of Vulcan Materials Company reached a new 52-week high
Quanex Building Products Corporation Declares Quarterly Dividend
GlobeNewswire - Fri Feb 28, 6:15AM CST
Quanex Building Products Corporation (NYSE:NX) a leading components supplier for the global window and door industry, today announced that its Board of Directors declared a quarterly cash dividend of $0.04 per share on the company's common stock, payable March 28, 2014, to shareholders of record on March 14, 2014.
Quanex Webcast of Fiscal 2014 First Quarter Conference Call
GlobeNewswire - Mon Feb 24, 6:11AM CST
In conjunction with Quanex Building Products Corporation's (NYSE:NX) fiscal 2014 first quarter earnings announcement, scheduled for release before market hours on March 6, 2014, you are invited to listen to the conference call with Bill Griffiths, chairman, president and chief executive officer, and Brent Korb, chief financial officer, that will be broadcast live over the internet.
NYSE stocks posting largest percentage decreases
AP - Fri Feb 21, 2:43PM CST
NEW YORK (AP) — A look at the 10 biggest percentage decliners on New York Stock Exchange at 1 p.m.:
Quanex to Vend Nichols Aluminum - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Feb 12, 5:50PM CST
Quanex Building has sold Nichols Aluminum, LLC for $110 million.
Why Quantex Building Products Corporation's Shares Jumped Today
Travis Hoium, The Motley Fool - Motley Fool - Mon Feb 10, 3:32PM CST
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis. What: Shares of Quanex Building Products Corporation ...
Quanex Signs Agreement to Sell Nichols Aluminum
GlobeNewswire - Mon Feb 10, 8:00AM CST
Quanex Building Products Corporation (NYSE:NX), a leading components supplier for the global window and door industry, today announced that it signed a purchase agreement to sell its interest in Nichols Aluminum, LLC, a wholly owned subsidiary, to Aleris for $110 million in an all cash transaction. The transaction is subject to customary regulatory approvals and will close shortly after those approvals are obtained.
Aleris Announces Agreement To Acquire Nichols Aluminum
PR Newswire - Mon Feb 10, 8:00AM CST
Aleris announced today that it has signed a definitive agreement to acquire Nichols Aluminum, LLC, a wholly owned subsidiary of Quanex Building Products Corporation (NYSE: NX), and a leading producer of aluminum sheet for the transportation, building and construction, machinery and equipment, consumer durables, and electrical industries in North America. The acquisition includes two production facilities in Davenport, Iowa, a facility in Decatur, Alabama, and a facility in Lincolnshire, Illinois. The company has agreed to pay $110 Million in an all-cash transaction.
Quanex Buys Atrium Extrusion Plant - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Jan 02, 5:45PM CST
Quanex Building has acquired the assets of Atrium Windows and Doors.
Quanex Building Products Corporation Acquires Assets of Atrium's Greenville, TX Vinyl Extrusion Facility
GlobeNewswire - Tue Dec 31, 3:00PM CST
Quanex Building Products Corporation (NYSE:NX), a leading manufacturer of fenestration products for the global window and door industry, today announced it has acquired the assets of Atrium Windows and Doors, Inc.'s Greenville, Texas facility. The assets purchased include six vinyl extrusion lines, with the ability for additional expansion.
Quanex Building Beats on Q4 Earnings - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Dec 20, 10:50AM CST
Quanex Building's earnings and revenue beat the Zacks Consensus Estimate in the fourth quarter.
10-K: QUANEX BUILDING PRODUCTS CORP
Edgar Online - Wed Dec 18, 3:50PM CST
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. The following discussion and analysis contains forward-looking statements based on our current assumptions, expectations, estimates and projections about our business and the homebuilding industry, and therefore, it should be read in conjunction with our consolidated financial statements and related notes thereto, as well as "Cautionary Note Regarding Forward-Looking Statements" discussed elsewhere within this Annual Report on Form 10-K. For a listing of potential risks and uncertainties which impact our business and industry, see Item 1A, "Risk Factors." Actual results could differ from our expectations due to several factors which include, but are not limited to: market price and demand for our products, economic and competitive conditions, capital expenditures, new technology, regulatory changes and other uncertainties. Unless otherwise required by law, we undertake no obligation to publicly update any forward-looking statements, even if new information becomes available or other events occur in the future. Our Business We are a technological leader in the home building products market, and we operate in two segments: Engineered Products and Aluminum Sheet Products. The Engineered Products segment manufactures systems, finished products, and components serving the original equipment manufacturer (OEM) residential window and door industry, while the Aluminum Sheet Products segment produces mill finished and coated aluminum sheet serving the broader residential building products and transportation markets. We serve a primary customer base in North America, and also serve customers in international markets through our operating plants in the United Kingdom and Germany, as well as through sales and marketing efforts in other countries. We have four operating divisions which comprise the Engineered Products business segment, and one operating division which comprises the Aluminum Sheet Products business segment. Other costs, including corporate office expense, certain shared administrative functions, last-in first-out (LIFO) inventory valuation adjustments and inter-segment eliminations are categorized as Corporate & Other costs. The accounting policies of our business segments are the same as those used to prepare our accompanying consolidated financial statements. For each of our two business segments, we believe the primary drivers of our operating results are residential remodeling and replacement (R&R) activity and new home construction. We believe that housing starts and window shipments are indicators of activity levels in the home building industry, and we use this data, as published by or derived from third-party sources, to evaluate the market. In general, the rate of housing starts has increased over the past two years after a dramatic decline from 2007 through 2011 resulting from a general recession and a mortgage crisis in the United States. The recovery in the housing market has been relatively slow and growth in new home construction in the United States has been led by multi-family homes for which window to floor ratios are lower compared to mid- and higher priced homes. The current growth in single-family homes has seen the share of the large track builders increase and the smaller custom builders decrease. Multi-family and track homes typically employ lower cost, less energy efficient building materials than the vinyl window profiles and insulating glass spacers that we manufacture. Due to these circumstances, a greater portion of our business has shifted to the R&R market, which has experienced slower growth than the new construction market. The trailing 12-month window shipment results for the year ended October 31, 2013 derived from published reports by Ducker Worldwide, a consulting and research firm, indicates that volume has increased by only 3.6% for R&R window shipments on a year-over-year basis, compared to 24.2% for new construction, resulting in a combined window shipment growth rate of 10.8%. Our Aluminum Sheet Products business segment is a commodity driven business that depends to a large extent on fluctuations in aluminum prices on the London Metals Exchange (LME), as well as fluctuations in the premium paid to ship product to and from our casting plant in Davenport, Iowa. The price of aluminum impacts our cost of raw material as well as the price we can demand for our products. Historically, aluminum prices have fluctuated due to various macro-economic factors which impact global supply and demand. LME prices have experienced a general decline in recent years. Our business is impacted by seasonality. We historically experience lower sales during the first half of our fiscal year as winter weather reduces homebuilding and home improvement activity. Market Overview and Outlook Despite record highs in the United States stock market in 2013, the general United States economy has experienced slower than expected growth, although the housing industry has begun to rebound more quickly. New home construction and the level of R&R activities grew throughout 2013 and are expected to continue to grow into 2014. Although this growth is encouraging, the number of housing starts fluctuates between months, and R&R growth continues to lag the rate of recovery in new home construction. The National Association of Home Builders (NAHB) currently predicts that annual housing starts in the United States will rise to 1.2 million over the next two years. According to the United States Census Bureau and NAHB data, the number of actual housing starts has increased approximately 26% based on published data available when comparing our fiscal 2013 to
Quanex Building Products Reports Fourth Quarter 2013 Results
GlobeNewswire - Wed Dec 18, 7:00AM CST
-- Fourth quarter net sales increased 17% to $275 million vs. $235 million in Q4 2012
Quanex Webcast of Fiscal 2013 Fourth Quarter Conference Call
GlobeNewswire - Thu Dec 12, 4:21PM CST
In conjunction with Quanex Building Products Corporation's (NYSE:NX) fiscal 2013 fourth quarter earnings announcement, scheduled for release before market hours on December 18, 2013, you are invited to listen to the conference call with Bill Griffiths, chairman, president and chief executive officer, and Brent Korb, chief financial officer, that will be broadcast live over the internet.
