Quanex lowers FY25 revenue view to $1.82B from $1.84B-$1.86B, consensus $1.85B

Lowers FY25 adjusted EBITDA view to $235M from $270M-$280M. The company said, “Quanex (NX) is updating its guidance for fiscal 2025 based on year-to-date results, recent demand trends, an updated cost synergy realization tracking and timing model, conversations with its customers, and a realistic timeline to address operational issues in the window and door hardware business in Mexico. On a consolidated basis for fiscal 2025, the Company now estimates that it will generate net sales of approximately $1.82 billion, which Quanex expects will yield Adjusted EBITDA of approximately $235 million.”