NYSE:NXBuilding
Quanex (NX) Swings to Net Loss Despite Sales Growth—What Does This Mean for Its Investment Story?
Quanex Building Products Corporation recently reported third quarter and nine-month results, showing sales rising to US$495.27 million and US$1.35 billion, respectively, but recording a net loss of US$276.01 million for the quarter and US$270.38 million for the nine-month period, in contrast to profits in the previous year.
This shift to a net loss occurred despite substantial sales growth, as the company updated its fiscal 2025 net sales guidance and continued share buybacks and dividend...