Quanex Q1 net sales just beat estimates

Quanex Building Products

05/03/2026 21:32

Overview

Building products maker's Q1 net sales rose 2.3%, slightly beating analyst expectations

Adjusted EBITDA for Q1 beat analyst expectations

Outlook

Quanex estimates fiscal 2026 net sales of $1.84 bln to $1.87 bln

Company expects fiscal 2026 Adjusted EBITDA of $240 mln to $245 mln

Result Drivers

FOREIGN EXCHANGE AND TARIFFS - Net sales growth driven by foreign exchange translation and tariff pass-through

OPERATIONAL COSTS - Higher operational costs at Monterrey plant impacted earnings

MACROECONOMIC CHALLENGES - Inflation, high interest rates, and geopolitical tensions weakened demand

Company press release: ID:nGNX4S6jV5

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Slight Beat*
$409.10 mln
$405.75 mln (4 Analysts)
Q1 Adjusted EPS
Beat
-$0.01
-$0.06 (4 Analysts)
Q1 Adjusted Net Income
Beat
-$300,000
-$2.17 mln (1 Analyst)
Q1 Adjusted EBITDA
Beat
$27.40 mln
$25.64 mln (3 Analysts)
Q1 Gross Margin
24.10%
Q1 Free Cash Flow
-$31.50 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction supplies & fixtures peer group is "buy."

Wall Street's median 12-month price target for Quanex Building Products Corp is $28.50, about 44.9% above its March 4 closing price of $19.67

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 6 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)