Quanex Building Products: Robust Outlook Offset By Lack Of Margin Of Safety [Seeking Alpha]
Quanex Building Products Corporation (NX)
Last quanex building products corporation earnings: 12/11 04:15 pm
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US:NYSE Investor Relations:
investors.quanex.com
Company Research
Source: Seeking Alpha
In 1Q24, revenue was down due to soft demand and lower pricing, but margins continued expanding year-over-year. According to the National Association of Home Builders, US housing starts are expected to grow in the next few years. This is expected to bolster NX's revenue. In order to continue growing its business, NX has clear plans for its growth strategies, as it has identified new attractive areas for expansion. However, due to a lack of margin of safety in its current share price, I am recommending a hold rating for NX. Synopsis Quanex Building Products ( NYSE: NX ) is a company that produces components for original equipment manufacturers [OEM]. The main components are window components, door components, and cabinets. NX's historical financial results have shown volatile revenue growth due to demand weakness. Despite Recommended For You Recommended For You About NX Stock
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News
- Man Group PLC : Form 8.3 - Quanex Building Products Corporation [Yahoo! Finance]Yahoo! Finance
- Form 8.3 - First Pacific Advisors, LP – Tyman plc [Yahoo! Finance]Yahoo! Finance
- SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of Quanex Building Products Corporation - NXPR Newswire
- Man Group PLC : Form 8.3 - Quanex Building Products Corporation [Yahoo! Finance]Yahoo! Finance
- Investing in Quanex Building Products (NYSE:NX) five years ago would have delivered you a 125% gain [Yahoo! Finance]Yahoo! Finance
NX
Earnings
- 3/7/24 - Beat
NX
Sec Filings
- 4/22/24 - Form DEFA14A
- 4/22/24 - Form DEFA14A
- 4/22/24 - Form 8-K
- NX's page on the SEC website