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home / news releases / NX - Quanex Building Products Announces Second Quarter 2022 Results and Increases Full Year 2022 Guidance

NX - Quanex Building Products Announces Second Quarter 2022 Results and Increases Full Year 2022 Guidance

Quanex Building Products Corporation

Record Revenue and Earnings in 2Q22
Strong Revenue Growth Continues Across All Operating Segments
Balance Sheet & Liquidity Remain Strong

HOUSTON, June 02, 2022 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) (“Quanex” or the “Company”) today announced its results for the three months ended April 30, 2022.

The Company reported the following selected financial results:

QUANEX BUILDING PRODUCTS CORPORATION
Q2 2022 Earnings Release
Three Months Ended April 30,
Six Months Ended April 30,
($ in millions, except per share data)
2022
2021
2022
2021
Net Sales
$322.9
$270.4
$589.9
$500.5
Gross Margin
$73.2
$61.9
$128.4
$115.6
Gross Margin %
22.7 %
22.9 %
21.8 %
23.1 %
Net Income
$26.5
$14.6
$37.8
$22.4
Diluted EPS
$0.80
$0.43
$1.13
$0.67
Adjusted Net Income
$26.5
$14.6
$37.8
$23.6
Adjusted Diluted EPS
$0.80
$0.43
$1.14
$0.70
Adjusted EBITDA
$45.2
$32.2
$69.6
$56.6
Adjusted EBITDA Margin %
14.0 %
11.9 %
11.8 %
11.3 %
Cash Provided by (Used for) Operating Activities
$19.8
$32.4
($1.9)
$29.0
Free Cash Flow
$13.4
$27.8
($15.7)
$19.2

(See Non-GAAP Terminology Definitions and Disclaimers section, Non-GAAP Financial Measure Disclosure table, Selected Segment Data table and Free Cash Flow Reconciliation table for additional information)

George Wilson, President and Chief Executive Officer, commented, “We reported a record quarter despite ongoing challenges related to inflation and the supply chain. Demand for our products was better than expected during the second quarter, and we started to see the benefit of our pass-through pricing strategy, which drove revenue growth and improved profitability. Inflationary pressures are ongoing, but we still expect further margin expansion in the second half of our fiscal year.

“Managing working capital continues to be a challenge in this inflationary environment as the value of our inventory continues to increase, but overall, our balance sheet and liquidity remain strong. We will be focused on generating cash, paying down debt and opportunistically repurchasing our stock in the second half of this year.” (See Non-GAAP Terminology Definitions and Disclaimers section for additional information)

Second Quarter 2022 Results Summary

The Company reported net sales of $322.9 million during the three months ended April 30, 2022, which represents growth of 19.4% compared to $270.4 million for the same period of 2021. The increase was largely attributable to higher prices related to the pass through of raw material cost inflation. More specifically, Quanex realized net sales growth of 21.7% in its North American Fenestration segment, 14.7% in its North American Cabinet Components segment and 13.0% in its European Fenestration segment, excluding the foreign exchange impact. (See Sales Analysis table for additional information)

The increase in earnings for the three months ended April 30, 2022 was mostly due to increased pricing related to the pass through of raw material cost inflation, higher volumes, and a decrease in SG&A expense, mainly due to lower stock-based compensation.

Balance Sheet & Liquidity Update

As of April 30, 2022, Quanex had total debt of $77.0 million and its leverage ratio of Net Debt to LTM Adjusted EBITDA improved to 0.3x.   (See Non-GAAP Terminology Definitions and Disclaimers section for additional information)

The Company’s liquidity increased to $296.5 million as of April 30, 2022, consisting of $38.9 million in cash on hand plus availability under its Senior Secured Revolving Credit Facility due 2023, less letters of credit outstanding.

Share Repurchases

Quanex’s Board authorized a $75 million share repurchase program in December of 2021. Repurchases under this program will be made in open market transactions or privately negotiated transactions, subject to market conditions, applicable legal requirements, and other relevant factors. The Company repurchased 75,000 shares of common stock for approximately $1.6 million at an average price of $20.92 per share during the three months ended April 30, 2022. As of April 30, 2022, approximately $73.4 million remained under the existing share repurchase authorization.

Outlook

Mr. Wilson stated, “We are increasing guidance for fiscal 2022 based on our strong second quarter results combined with the successful implementation of our pass-through pricing strategy and ongoing conversations with our customers. We are very cognizant of the current macro related uncertainties, but we continue to believe that the underlying fundamentals for residential housing are positive and demand for our products remains healthy. For the second half of our fiscal year, we now expect low double-digit revenue growth in our North American Fenestration segment and mid-single digit revenue growth in our North American Cabinet Components and European Fenestration segments. Overall, on a consolidated basis and assuming the current inflation and supply chain challenges do not worsen materially, we estimate this will equate to net sales of $1.18 billion to $1.2 billion, which we expect will generate approximately $150 million to $155 million in Adjusted EBITDA* in fiscal 2022.”

*When Quanex provides expectations for Adjusted EBITDA on a forward-looking basis, a reconciliation of the differences between the non-GAAP expectations and corresponding GAAP measures is generally not available without unreasonable effort. Certain items required for such a reconciliation are outside of the Company’s control and/or cannot be reasonably predicted or estimated, such as the provision for income taxes.

Conference Call and Webcast Information

The Company has scheduled a conference call for Friday, June 3, 2022, at 11:00 a.m. ET (10:00 a.m. CT).   To participate in the conference call dial (877) 388-2139 for domestic callers and (541) 797-2983 for international callers, in both cases using the conference passcode 7942145, and ask for the Quanex call a few minutes prior to the start time. A link to the live audio webcast will also be available on the Company’s website at http://www.quanex.com in the Investors section under Presentations & Events. A telephonic replay of the call will be available approximately two hours after the live broadcast ends and will be accessible through June 10, 2022. To access the replay dial (855) 859-2056 for domestic callers and (404) 537-3406 for international callers, in both cases referencing conference passcode 7942145.

About Quanex

Quanex Building Products Corporation is an industry-leading manufacturer of components sold to Original Equipment Manufacturers (OEMs) in the building products industry.  Quanex designs and produces energy-efficient fenestration products in addition to kitchen and bath cabinet components.   For more information contact Scott Zuehlke, Senior Vice President, Chief Financial Officer & Treasurer, at 713-877-5327 or scott.zuehlke@quanex.com .

Non-GAAP Terminology Definitions and Disclaimers

Adjusted Net Income (defined as net income further adjusted to exclude purchase price accounting inventory step-ups, transaction costs, certain severance charges, gain/loss on the sale of certain fixed assets, restructuring charges, asset impairment charges, other net adjustments related to foreign currency transaction gain/loss and effective tax rates reflecting impacts of adjustments on a with and without basis) and Adjusted EPS are non-GAAP financial measures that Quanex believes provide a consistent basis for comparison between periods and more accurately reflects operational performance, as they are not influenced by certain income or expense items not affecting ongoing operations. EBITDA (defined as net income or loss before interest, taxes, depreciation and amortization and other, net) and Adjusted EBITDA (defined as EBITDA further adjusted to exclude purchase price accounting inventory step-ups, transaction costs, certain severance charges, gain/loss on the sale of certain fixed assets, restructuring charges and asset impairment charges) are non-GAAP financial measures that the Company uses to measure operational performance and assist with financial decision-making.  Net Debt is defined as total debt (outstanding balance on the revolving credit facility plus financial lease obligations) less cash and cash equivalents. The leverage ratio of Net Debt to LTM Adjusted EBITDA is a financial measure that the Company believes is useful to investors and financial analysts in evaluating Quanex’s leverage.   In addition, with certain limited adjustments, this leverage ratio is the basis for a key covenant in the Company’s credit agreement. Free Cash Flow is a non-GAAP measure calculated using cash provided by operating activities less capital expenditures. Quanex uses the Free Cash Flow metric to measure operational and cash management performance and assist with financial decision-making.   Free Cash Flow is measured before application of certain contractual commitments (including capital lease obligations), and accordingly is not a true measure of the Company’s residual cash flow available for discretionary expenditures. Quanex believes Free Cash Flow is useful to investors in understanding and evaluating the Company’s financial and cash management performance. Quanex believes that the presented non-GAAP measures provide a consistent basis for comparison between periods and will assist investors in understanding the Company’s financial performance when comparing results to other investment opportunities.  The presented non-GAAP measures may not be the same as those used by other companies. Quanex does not intend for this information to be considered in isolation or as a substitute for other measures prepared in accordance with U.S. GAAP.

Forward Looking Statements

Statements that use the words “estimated,” “expect,” “could,” “should,” “believe,” “will,” “might,” or similar words reflecting future expectations or beliefs are forward-looking statements. The forward-looking statements include, but are not limited to, the following: impacts from public health issues (including pandemics, such as the recent COVID-19 pandemic) on the economy and the demand for Quanex’s products, the Company’s future operating results, future financial condition, future uses of cash and other expenditures, expenses and tax rates, expectations relating to Quanex’s industry, and the Company’s future growth, including any guidance discussed in this press release. The statements and guidance set forth in this release are based on current expectations.   Actual results or events may differ materially from this release.   For a complete discussion of factors that may affect Quanex’s future performance, please refer to the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2021, and the Company’s Quarterly Reports on Form 10-Q under the sections entitled “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors”. Any forward-looking statements in this press release are made as of the date hereof, and Quanex undertakes no obligation to update or revise any forward-looking statements to reflect new information or events.

QUANEX BUILDING PRODUCTS CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share data)
(Unaudited)

Three Months Ended April 30,
Six Months Ended April 30,
2022
2021
2022
2021
Net sales
$
322,893
$
270,357
$
589,933
$
500,504
Cost of sales
249,651
208,460
461,485
384,857
Selling, general and administrative
28,129
29,672
58,952
60,533
Restructuring charges
-
-
-
39
Depreciation and amortization
10,563
10,845
20,820
21,860
Operating income
34,550
21,380
48,676
33,215
Interest expense
(602
)
(640
)
(1,125
)
(1,391
)
Other, net
453
265
507
457
Income before income taxes
34,401
21,005
48,058
32,281
Income tax expense
(7,879
)
(6,454
)
(10,297
)
(9,878
)
Net income
$
26,522
$
14,551
$
37,761
$
22,403
Earnings per common share, basic
$
0.80
$
0.44
$
1.14
$
0.68
Earnings per common share, diluted
$
0.80
$
0.43
$
1.13
$
0.67
Weighted average common shares outstanding:
Basic
33,157
33,355
33,140
33,110
Diluted
33,291
33,637
33,292
33,444
Cash dividends per share
$
0.08
$
0.08
$
0.16
$
0.16


QUANEX BUILDING PRODUCTS CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)

April 30, 2022
October 31, 2021
ASSETS
Current assets:
Cash and cash equivalents
$
38,900
$
40,061
Accounts receivable, net
118,195
108,309
Inventories, net
130,383
92,529
Prepaid and other current assets
11,442
8,148
Total current assets
298,920
249,047
Property, plant and equipment, net
170,307
178,630
Operating lease right-of-use assets
48,582
52,708
Goodwill
143,268
149,205
Intangible assets, net
73,581
82,410
Other assets
5,832
5,323
Total assets
$
740,490
$
717,323
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable
$
88,956
$
86,765
Accrued liabilities
40,740
56,156
Income taxes payable
7,851
6,038
Current maturities of long-term debt
812
846
Current operating lease liabilities
8,229
8,196
Total current liabilities
146,588
158,001
Long-term debt
75,714
52,094
Noncurrent operating lease liabilities
41,369
45,367
Deferred pension and postretirement benefits
4,578
4,737
Deferred income taxes
21,522
21,965
Other liabilities
14,545
15,377
Total liabilities
304,316
297,541
Stockholders’ equity:
Common stock
373
373
Additional paid-in-capital
250,756
254,162
Retained earnings
292,221
259,718
Accumulated other comprehensive loss
(36,197
)
(21,770
)
Treasury stock at cost
(70,979
)
(72,701
)
Total stockholders’ equity
436,174
419,782
Total liabilities and stockholders' equity
$
740,490
$
717,323


QUANEX BUILDING PRODUCTS CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW
(In thousands)
(Unaudited)

Six Months Ended April 30,
2022
2021
Operating activities:
Net income
$
37,761
$
22,403
Adjustments to reconcile net income to cash (used for) provided by operating activities:
Depreciation and amortization
20,820
21,860
Stock-based compensation
1,124
970
Deferred income tax
583
2,339
Other, net
1,534
5,049
Changes in assets and liabilities:
Increase in accounts receivable
(13,008
)
(6,726
)
Increase in inventory
(39,771
)
(18,265
)
Increase in other current assets
(3,541
)
(2,013
)
Increase in accounts payable
7,381
5,584
(Decrease) increase in accrued liabilities
(15,984
)
994
Increase (decrease) in income taxes payable
1,679
(4,071
)
Decrease in deferred pension and postretirement benefits
(159
)
(104
)
Increase in other long-term liabilities
443
642
Other, net
(743
)
298
Cash (used for) provided by operating activities
(1,881
)
28,960
Investing activities:
Capital expenditures
(13,785
)
(9,799
)
Proceeds from disposition of capital assets
36
1,665
Cash used for investing activities
(13,749
)
(8,134
)
Financing activities:
Borrowings under credit facilities
70,500
-
Repayments of credit facility borrowings
(45,500
)
(30,000
)
Repayments of other long-term debt
(432
)
(605
)
Common stock dividends paid
(5,258
)
(5,330
)
Issuance of common stock
173
16,123
Payroll tax paid to settle shares forfeited upon vesting of stock
(1,412
)
(492
)
Purchase of treasury stock
(1,569
)
(3,968
)
Cash provided by (used for) financing activities
16,502
(24,272
)
Effect of exchange rate changes on cash and cash equivalents
(2,033
)
1,083
Decrease in cash and cash equivalents
(1,161
)
(2,363
)
Cash and cash equivalents at beginning of period
40,061
51,621
Cash and cash equivalents at end of period
$
38,900
$
49,258


QUANEX BUILDING PRODUCTS CORPORATION
FREE CASH FLOW AND NET DEBT RECONCILIATION
(In thousands)
(Unaudited)

The following table reconciles the Company's calculation of Free Cash Flow, a non-GAAP measure, to its most directly comparable GAAP measure. The Company defines Free Cash Flow as cash provided by (used for) operating activities less capital expenditures.
Three Months Ended April 30,
Six Months Ended April 30,
2022
2021
2022
2021
Cash provided by (used for) operating activities
19,770
32,355
($1,881)
$28,960
Capital expenditures
(6,415)
(4,553)
(13,785)
(9,799)
Free Cash Flow
$13,355
$27,802
($15,666)
$19,161
The following table reconciles the Company's Net Debt which is defined as total debt principal of the Company plus finance lease obligations minus cash.
As of April 30,
2022
2021
Revolving credit facility
$63,000
$73,000
Finance lease obligations
13,971
15,689
Total debt (1)
76,971
88,689
Less: Cash and cash equivalents
38,900
49,258
Net Debt
$38,071
$39,431
(1) Excludes outstanding letters of credit.


QUANEX BUILDING PRODUCTS CORPORATION
NON-GAAP FINANCIAL MEASURE DISCLOSURE
(In thousands, except per share data)
(Unaudited)

Three Months Ended
Three Months Ended
Six Months Ended
Six Months Ended
Reconciliation of Adjusted Net Income and Adjusted EPS
April 30, 2022
April 30, 2021
April 30, 2022
April 30, 2021
Net
Income
Diluted
EPS
Net
Income
Diluted
EPS
Net
Income
Diluted
EPS
Net
Income
Diluted
EPS
Net income as reported
$ 26,522
$ 0.80
$ 14,551
$ 0.43
$ 37,761
$ 1.13
$ 22,403
$ 0.67
Net Income reconciling items from below
1
$ -
3
$ -
34
$ 0.01
1,174
$ 0.03
Adjusted net income and adjusted EPS
$ 26,523
$ 0.80
$ 14,554
$ 0.43
$ 37,795
$ 1.14
$ 23,577
$ 0.70
Reconciliation of Adjusted EBITDA
Three Months Ended April 30, 2022
Three Months Ended April 30, 2021
Six Months Ended April 30, 2022
Six Months Ended April 30, 2021
Reconciliation
Reconciliation
Reconciliation
Reconciliation
Net income as reported
$ 26,522
$ 14,551
$ 37,761
$ 22,403
Income tax expense
7,879
6,454
10,297
9,878
Other, net
(453)
(265)
(507)
(457)
Interest expense
602
640
1,125
1,391
Depreciation and amortization
10,563
10,845
20,820
21,860
EBITDA
45,113
32,225
69,496
55,075
EBITDA reconciling items from below
131
-
131
1,478
Adjusted EBITDA
$ 45,244
$ 32,225
$ 69,627
$ 56,553
Reconciling Items
Three Months Ended April 30, 2022
Three Months Ended April 30, 2021
Six Months Ended April 30, 2022
Six Months Ended April 30, 2021
Income
Statement
Reconciling
Items
Income
Statement
Reconciling
Items
Income
Statement
Reconciling
Items
Income
Statement
Reconciling
Items
Net sales
$ 322,893
$ -
$ 270,357
$ -
$ 589,933
$ -
$ 500,504
$ -
Cost of sales
249,651
-
208,460
-
461,485
-
384,857
-
Selling, general and administrative
28,129
(131)
(1)
29,672
-
58,952
(131)
(1)
60,533
(1,439)
(1)
Restructuring charges
-
-
-
-
-
-
39
(39)
(2)
EBITDA
45,113
131
32,225
-
69,496
131
55,075
1,478
Depreciation and amortization
10,563
-
10,845
-
20,820
-
21,860
-
Operating income
34,550
131
21,380
-
48,676
131
33,215
1,478
Interest expense
(602)
-
(640)
-
(1,125)
-
(1,391)
-
Other, net
453
(123)
(3)
265
4
(3)
507
(82)
(3)
457
82
(3)
Income before income taxes
34,401
8
21,005
4
48,058
49
32,281
1,560
Income tax expense
(7,879)
(7)
(4)
(6,454)
(1)
(4)
(10,297)
(15)
(4)
(9,878)
(386)
(4)
Net income
$ 26,522
$ 1
$ 14,551
$ 3
$ 37,761
$ 34
$ 22,403
$ 1,174
Diluted earnings per share
$ 0.80
$ 0.43
$ 1.13
$ 0.67
(1) Transaction and advisory fees and $1.4 million related to the loss on a sale of a plant in the six months ended April 20, 2021.
(2) Restructuring charges related to the closure of manufacturing plant facilities.
(3) Foreign currency transaction (gains) losses.
(4) Impact on a with and without basis.


QUANEX BUILDING PRODUCTS CORPORATION
SELECTED SEGMENT DATA
(In thousands)
(Unaudited)

This table provides gross margin, operating (loss) income, EBITDA, and Adjusted EBITDA by reportable segment. Non-operating expense and income tax expense are not allocated to the reportable segments.
NA Fenestration
EU Fenestration
NA Cabinet
Components
Unallocated
Corp & Other
Total
Three months ended April 30, 2022
Net sales
$
177,908
$
73,427
$
72,878
$
(1,320
)
$
322,893
Cost of sales
137,571
49,708
63,175
(803
)
249,651
Gross Margin
40,337
23,719
9,703
(517
)
73,242
Gross Margin %
22.7
%
32.3
%
13.3
%
22.7
%
Selling, general and administrative
14,078
8,601
5,218
232
28,129
Depreciation and amortization
4,038
2,522
3,917
86
10,563
Operating income (loss)
22,221
12,596
568
(835
)
34,550
Depreciation and amortization
4,038
2,522
3,917
86
10,563
EBITDA
26,259
15,118
4,485
(749
)
45,113
Transaction and advisory fees
-
-
-
131
131
Adjusted EBITDA
$
26,259
$
15,118
$
4,485
$
(618
)
$
45,244
Adjusted EBITDA Margin %
14.8
%
20.6
%
6.2
%
14.0
%
Three months ended April 30, 2021
Net sales
$
146,143
$
61,657
$
63,562
$
(1,005
)
$
270,357
Cost of sales
112,368
41,361
55,162
(431
)
208,460
Gross Margin
33,775
20,296
8,400
(574
)
61,897
Gross Margin %
23.1
%
32.9
%
13.2
%
22.9
%
Selling, general and administrative
13,146
7,439
5,379
3,708
29,672
Depreciation and amortization
4,846
2,607
3,305
87
10,845
Operating income (loss)
15,783
10,250
(284
)
(4,369
)
21,380
Depreciation and amortization
4,846
2,607
3,305
87
10,845
EBITDA
20,629
12,857
3,021
(4,282
)
32,225
Adjusted EBITDA
$
20,629
$
12,857
$
3,021
$
(4,282
)
$
32,225
Adjusted EBITDA Margin %
14.1
%
20.9
%
4.8
%
11.9
%
Six months ended April 30, 2022
Net sales
$
324,539
$
132,341
$
135,231
$
(2,178
)
$
589,933
Cost of sales
253,535
90,935
118,248
(1,233
)
461,485
Gross Margin
71,004
41,406
16,983
(945
)
128,448
Gross Margin %
21.9
%
31.3
%
12.6
%
21.8
%
Selling, general and administrative
28,455
15,904
10,488
4,105
58,952
Depreciation and amortization
8,177
5,091
7,380
172
20,820
Operating income (loss)
34,372
20,411
(885
)
(5,222
)
48,676
Depreciation and amortization
8,177
5,091
7,380
172
20,820
EBITDA
42,549
25,502
6,495
(5,050
)
69,496
Transaction and advisory fees
-
-
-
131
131
Adjusted EBITDA
$
42,549
$
25,502
$
6,495
$
(4,919
)
$
69,627
Adjusted EBITDA Margin %
13.1
%
19.3
%
4.8
%
11.8
%
Six months ended April 30, 2021
Net sales
$
274,259
$
110,748
$
117,556
$
(2,059
)
$
500,504
Cost of sales
211,761
73,152
101,036
(1,092
)
384,857
Gross Margin
62,498
37,596
16,520
(967
)
115,647
Gross Margin %
22.8
%
33.9
%
14.1
%
23.1
%
Selling, general and administrative
25,516
14,034
10,242
10,741
60,533
Restructuring charges
39
-
-
-
39
Depreciation and amortization
9,957
5,125
6,575
203
21,860
Operating income (loss)
26,986
18,437
(297
)
(11,911
)
33,215
Depreciation and amortization
9,957
5,125
6,575
203
21,860
EBITDA
36,943
23,562
6,278
(11,708
)
55,075
Loss on sale of plant
-
-
-
1,439
1,439
Restructuring charges
39
-
-
-
39
Adjusted EBITDA
$
36,982
$
23,562
$
6,278
$
(10,269
)
$
56,553
Adjusted EBITDA Margin %
13.5
%
21.3
%
5.3
%
11.3
%


QUANEX BUILDING PRODUCTS CORPORATION
SALES ANALYSIS
(In thousands)
(Unaudited)
Three Months Ended April 30,
Six Months Ended
2022
2021
2022
2021
NA Fenestration:
United States - fenestration
$
156,843
$
128,218
$
285,210
$
240,518
International - fenestration
11,094
8,397
20,230
16,175
United States - non-fenestration
7,077
6,293
13,793
11,690
International - non-fenestration
2,894
3,235
5,306
5,876
$
177,908
$
146,143
$
324,539
$
274,259
EU Fenestration (1) :
International - fenestration
$
54,863
$
50,835
$
99,484
$
92,189
International - non-fenestration
18,564
10,822
32,857
18,559
$
73,427
$
61,657
$
132,341
$
110,748
NA Cabinet Components :
United States - fenestration
$
4,666
$
3,497
$
8,431
$
6,471
United States - non-fenestration
67,383
60,388
125,150
110,890
International - non-fenestration
829
(323
)
1,650
195
$
72,878
$
63,562
$
135,231
$
117,556
Unallocated Corporate & Other:
Eliminations
$
(1,320
)
$
(1,005
)
$
(2,178
)
$
(2,059
)
$
(1,320
)
$
(1,005
)
$
(2,178
)
$
(2,059
)
Net Sales
$
322,893
$
270,357
$
589,933
$
500,504
(1) Reflects increase of $3.3 million and $3.7 million in revenue associated with foreign currency exchange rate impacts for the three and six months ended April 30, 2022, respectively.

Stock Information
Company Name: Quanex Building Products Corporation
Stock Symbol: NX
Market: NYSE
Website: quanex.com
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