Quanex Building Products (NYSE:NX) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$280.3m (down 6.4% from 3Q 2023).

• Net income: US$25.4m (down 20% from 3Q 2023).

• Profit margin: 9.0% (down from 11% in 3Q 2023). The decrease in margin was driven by lower revenue.

• EPS: US$0.77 (down from US$0.97 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Quanex Building Products EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%.

Looking ahead, revenue is forecast to grow 48% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Building industry in the US.

Performance of the American Building industry.

The company's shares are up 9.6% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Quanex Building Products.

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