Quanex Building Products Announces Fourth Quarter and Fiscal Year 2019 Results

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Go back to Quanex Building Products Announces Fourth Quarter and Fiscal Year 2019 Results

Quanex (NX) Tops Q4 EPS by 4c, Revenues Beat; Offers FY20 Revenue Guidance Below Consensus

December 11, 2019 4:21 PM EST

Quanex (NYSE: NX) reported Q4 EPS of $0.42, $0.04 better than the analyst estimate of $0.38. Revenue for the quarter came in at $240.4 million versus the consensus estimate of $239.5 million.

Bill Griffiths, Chairman, President and Chief Executive Officer, commented, Overall we are pleased with our fourth quarter and full year 2019 results. Despite what has been a softer demand environment compared to our original forecast for 2019, we converted well operationally and benefitted from improved pricing. On a consolidated basis, we were able to realize Adjusted EBITDA margin expansion of approximately 410 basis points in the fourth quarter and... More