The call highlighted significant revenue growth and successful integration of Tyman, contributing to record adjusted EBITDA. However, there were challenges such as a net loss for Q4, declining sales in North American Fenestration, and reduced free cash flow. The sentiment reflects optimism for future growth despite current market challenges.

Company Guidance

During the Q4 2024 earnings call for Quanex Building Products Corporation, the executives provided guidance for the upcoming fiscal year, emphasizing anticipated revenue growth and margin improvements. They projected a 50% to 52% increase in revenue for the first quarter of 2025 compared to the same period in 2024, largely driven by the Tyman acquisition. Despite an expected decline in volumes, adjusted EBITDA margin is anticipated to rise by about 25 basis points. The company's focus remains on achieving $30 million in synergies from the Tyman acquisition within two years and leveraging their new organizational structure, segmented into hardware solutions, extruded solutions, and custom solutions, for enhanced synergy and growth opportunities. Additionally, they aim to repay debt throughout 2025, with first-quarter interest expenses forecasted at $15 million. The strategic reorganization is positioned to maximize synergies and position the company for both existing and new market growth.

Record Revenue Growth

Net sales for the fourth quarter of 2024 were $492.2 million, an increase of approximately 67% compared to 2023. Full-year net sales were $1.28 billion, up 13% from 2023. This growth was primarily driven by the Tyman acquisition.

Adjusted EBITDA Record

Adjusted EBITDA for the full year 2024 was $182.4 million, a record for Quanex and a 14.3% increase from 2023. This was driven by cost synergies and lower cost of sales.

Successful Tyman Integration

The integration of Tyman is ahead of schedule, with expected synergies being realized as planned. Adjusted EBITDA for the Tyman segment showed meaningful margin expansion.

Strategic Restructuring

Quanex is restructuring its operating segments into Hardware Solutions, Extruded Solutions, and Custom Solutions to leverage synergies and capitalize on strengths for growth.

Debt Repayment

Quanex repaid $53.75 million of debt during the fourth quarter of 2024, bringing the leverage ratio to 2.1x.

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Quanex (NX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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NX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 06, 2018	2018 (Q3)	- / 0.33	0.33	0.00% (0.00)	―	―
Dec 10, 2018	2018 (Q4)	- / 0.22	0.37	-40.54% (-0.15)	―	―
Mar 05, 2019	2019 (Q1)	- / -0.07	-0.04	-75.00% (-0.03)	―	―
Jun 04, 2019	2019 (Q2)	- / 0.19	0.14	35.71% (+0.05)	―	―
Sep 05, 2019	2019 (Q3)	- / 0.41	0.33	24.24% (+0.08)	―	―
Dec 11, 2019	2019 (Q4)	- / 0.42	0.22	90.91% (+0.20)	―	―
Mar 05, 2020	2020 (Q1)	- / 0.04	-0.07	157.14% (+0.11)	―	―
Jun 04, 2020	2020 (Q2)	- / 0.19	0.19	0.00% (0.00)	―	―
Sep 03, 2020	2020 (Q3)	- / 0.34	0.41	-17.07% (-0.07)	―	―
Dec 10, 2020	2020 (Q4)	- / 0.67	0.42	59.52% (+0.25)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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NX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 12, 2024	$28.83	$28.15	-2.36%
Sep 05, 2024	$24.72	$30.12	+21.84%
Jun 06, 2024	$30.21	$31.41	+3.97%
Mar 07, 2024	$34.40	$33.56	-2.44%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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