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# QUANEX Posts $0.79 Adjusted EPS as Margins Widen, Repays $42M Debt
- URL: https://redfiled.com/quanex-posts-0-79-adjusted-eps-as-margins-widen-repays-42m-debt/
- Published: 2026-09-04T14:52:54.000Z
- Updated: 2026-09-04T15:34:40.000Z
- Description: Quanex reported fiscal third-quarter net sales of $501.8 million, up 1.3%, swinging to a $26.5 million profit after last year's goodwill writedown.
- Author: William Hayes
- Tags: NX, Earnings

**Quanex Building Products (NX)** reported results for the three months ended **July 31, 2026**, with net sales of **$501.8 million**, up **1.3%** from $495.3 million a year earlier, and net income of **$26.5 million**, or **$0.58 per diluted share**, against a loss of $276.0 million a year ago that included a **$302.3 million non-cash goodwill impairment**. The company also repaid **$42.25 million of debt** during the quarter.

On an adjusted basis, earnings came in at **$0.79 per diluted share** versus $0.69 last year, with adjusted EBITDA of **$72.7 million** and an adjusted EBITDA margin of **14.5%**, up from 14.2%. Gross margin widened to **28.2%** from 27.9%. Free cash flow was **$47.8 million**, compared with $46.2 million a year ago.

The nine-month picture is weaker. Adjusted diluted EPS fell to **$1.03** from $1.47, adjusted EBITDA dropped to **$144.3 million** from $172.0 million, and the adjusted EBITDA margin narrowed to **10.5%** from 12.8% despite sales rising to $1.37 billion.

By segment, **Hardware Solutions** saw net sales fall **2.7%** on lower volumes and *IEEPA tariff reimbursements to customers*, **Extruded Solutions** grew **2.8%** as pricing more than offset weaker volumes, and **Custom Solutions** rose **8.5%** on higher volume and better pricing. Consolidated earnings benefited from improved pricing plus lower depreciation, amortization and interest expense.

Chairman, President and CEO **George Wilson** said volumes *continued to track normal seasonality patterns* and that the company made *meaningful progress addressing the price versus cost imbalance* that hurt second-quarter margins. He added that inflationary pressures tied to macroeconomic concerns and the conflict in the Middle East persist, though *the initial rate and magnitude of these pressures have somewhat subsided*.

Total debt stood at **$672.2 million** at quarter-end, with a net debt to LTM adjusted EBITDA leverage ratio of **2.8x**. LTM adjusted EBITDA was **$215.2 million** and LTM net income **$45.4 million**. Liquidity rose **10.5%** to **$363.1 million**, including $62.1 million of cash.

Quanex bought back **99,786 shares** for roughly **$1.7 million** at an average price of **$17.10** during the quarter, leaving about **$28.7 million** under the $75 million authorization approved in December 2021\. Management said it will keep prioritizing debt repayment and opportunistic repurchases in the fourth quarter.

A conference call is scheduled for **September 4, 2026 at 11:00 a.m. ET**.

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