Quanex Building Products Announces Third Quarter 2019 Results
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Quanex (NX) Tops Q3 EPS by 5c, Revenues Miss; 'Revising (Adj. EBITDA) Guidance to a More Narrow Range'
September 5, 2019 4:17 PM EDTQuanex (NYSE: NX) reported Q3 EPS of $0.41, $0.05 better than the analyst estimate of $0.36. Revenue for the quarter came in at $238.5 million versus the consensus estimate of $244.25 million.
Bill Griffiths, Chairman, President and Chief Executive Officer, commented, We continue to benefit from the successful implementation of pricing initiatives and we are performing well operationally, both of which contributed to margin expansion of approximately 100 basis points on a consolidated basis during the quarter. More specifically, margins expanded by approximately... More
