3 Bargain Stocks Under $20 With Major Growth Potential Quanex Building Products (NYSE:NX) reported a modest increase in fiscal second-quarter revenue but sharply lower earnings, as inflation in raw materials, freight and logistics weighed on margins and led the company to…
thhold reaffirmation of its prior full-year outlook. On the company’s earnings call, Chairman, President and CEO George Wilson said demand for Quanex products was “largely as expected” despite continued pressure in housing markets
He said housing demand in North America and Europe is showing “early signs of stabilization,” but cautioned that any recovery is likely to be gradual because of weak consumer confidence, affordability challenges, geopolitical uncertainty and elevated mortgage rates in the U.S. – Invest While You Can: Pullbacks on These 3 Stocks Won’t Last Long “Given these ongoing challenges, we don’t expect housing markets to rebound sharply in the near term,” Wilson said. He added that a stronger recovery would depend on improved affordability, lower or more stable interest rates and better consumer confidence supported by geopolitical stability. Revenue rises as earnings decline Senior Vice President, CFO and Treasurer Scott Zuehlke said Quanex generated net sales of $462.4 million in the second quarter of fiscal 2026, up 2.2% from $452.5 million in the same period last year.
He said the increase was mainly driven by pricing, tariff-related pass-throughs and favorable foreign exchange translation, which more than offset lower volumes. – Why These Nuclear Stocks Could Beat Solar and Wind Energy Stocks Quanex estimated that consolidated volumes declined about 3% in the quarter. Pricing contributed approximately 1.5%, tariff pass-throughs added about 1% and foreign exchange translation provided a benefit of about 2.5%. Net income fell to $3.4 million, or $0.07 per diluted share, from $20.5 million, or $0.44 per diluted share, a year earlier.