LONDON, UK / ACCESSWIRE / January 09, 2018 / Active-Investors.com has just released a free earnings report on Quanex Building Products Corp. (NYSE: NX) ("Quanex"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=NX. The Company posted its financial results on December 11, 2017, for the fourth quarter of the fiscal year 2017. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Earnings Highlights and Summary

For the three months ended October 31, 2017, Quanex's net revenues decreased 6.5% to $232.96 million from $249.17 million in Q4 FY16. The Company's revenue numbers were below analysts' expectations of $239 million.

For the reported quarter, the Company's gross profit decreased 10.5% to $54.61 million from $61.00 million in Q4 FY16. During Q4 FY17, Quanex's gross margin decreased 110 basis points to 23.4% of revenue from 24.5% of revenue in Q4 FY16.

For the reported quarter, the Company's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) decreased 3.7% to $33.29 million from $34.56 million in Q4 FY16. During Q4 FY17, Quanex's adjusted EBITDA margin increased 40 basis points to 14.3% of revenue from 13.9% of revenue in Q4 FY16.

For the reported quarter, the Company's operating income increased 102.6% to $16.23 million from $8.01 million in Q4 FY16. During Q4 FY17, Quanex's operating margin increased 380 basis points to 7% of revenue from 3.2% of revenue in Q4 FY16.

For the reported quarter, the Company's earnings before tax (EBT) increased 217.1% to $13.92 million from $4.39 million in Q4 FY16. During Q4 FY17, Quanex's EBT margin increased 420 basis points to 6% of revenue from 1.8% of revenue in Q4 FY16.

For the reported quarter, Quanex's net income increased 97.6% to $10.73 million on a y-o-y basis from $5.43 million in Q4 FY16. During Q4 FY17, the Company's diluted earnings per share (EPS) increased 93.8% to $0.31 on a y-o-y basis from $0.16 in the same period of last year. For the reported quarter, Quanex's adjusted net income decreased 16.5% to $13.07 million from $15.65 million in Q4 FY16. During Q4 FY17, the Company's adjusted diluted EPS decreased 17.8% to $0.37 from $0.45 in Q4 FY16, surpassing analysts' expectations of negative $0.31.

Segment Details

NA Engineered Components - During Q4 FY17, the Company's NA Engineered Components segment's revenue decreased 11.2% to $131.38 million from $147.99 million in the comparable period of last year. For the reported quarter, the segment's operating income increased 275.99% to $10.49 million from $2.79 million in Q4 FY16. For the reported quarter, the segment's adjusted EBITDA margin increased basis points to 16.3% of revenue from 16.6% of revenue in Q4 FY16.

EU Engineered Components - During Q4 FY17, the Company's EU Engineered Components segment's revenue increased 4.7% to $41.83 million from $39.95 million in the corresponding period of last year. For the reported quarter, the segment's operating income increased 11.8% to $4.73 million from $4.23 million in Q4 FY16. For the reported quarter, the segment's adjusted EBITDA margin increased 20 basis points to 16.3% of revenue from 16.1% of revenue in Q4 FY16.

NA Cabinet Components - During Q4 FY17, the Company's NA Cabinet Components segment's revenue decreased 3.1% to $61.11 million from $63.08 million in the same period of last year. For the reported quarter, the segment's operating income decreased 59.2% to $1.25 million from $3.06 million in Q4 FY16. For the reported quarter, the segment's adjusted EBITDA margin decreased 60 basis points to 8.2% of revenue from 8.8% of revenue in Q4 FY16.

Balance Sheet

As on October 31, 2017, Quanex's cash and cash equivalents decreased 31.6% to $17.46 million from $25.53 million as on October 31, 2016.

For the reported quarter, the Company's net accounts receivable decreased 5% to $79.41 million from $83.63 million in Q4 FY16. For the reported quarter, the Company's accounts payable decreased 7.6% to $44.15 million from $47.78 million in Q4 FY16.

During FY17, the Company's net cash provided by operating activities decreased 9.1% to $78.55 million from $86.42 million in FY16.

Outlook

For FY18, the Company expects revenue to be in the range of $890 million - $900 million, and adjusted EBITDA to be in the band of $103 million - $108 million.

Stock Performance Snapshot

January 08, 2018 - At Monday's closing bell, Quanex Building Products' stock slightly declined 0.65%, ending the trading session at $22.85.

Volume traded for the day: 144.69 thousand shares.

Stock performance in the last month ? up 9.33%; previous six-month period ? up 8.29%; and past twelve-month period ? up 11.19%

After yesterday's close, Quanex Building Products' market cap was at $787.64 million.

Price to Earnings (P/E) ratio was at 42.87.

The stock has a dividend yield of 0.70%.

The stock is part of the Industrial Goods sector, categorized under the General Building Materials industry. This sector was up 0.3% at the end of the session.

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