Earnings call transcript: Quanex beats Q3 2026 forecasts, shares jump 21%
Quanex Building Products reported stronger-than-anticipated results for Q3 2026, with adjusted earnings per share of $0.79, surpassing estimates of $0.65. Revenue also exceeded expectations, hitting $501.8 million, just 0.69% above the projected $498.4 million. The company cited pricing actions, lower tariff impacts, and improved margins as key drivers behind the positive outlook.
In the coming quarter, Quanex predicts revenue growth of 2% to 3% and a margin expansion of 50 to 75 basis points. Shares surged 20.6% following the earnings release, reaching a near-52-week high of $22.63.
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