Filing Flows › Quanex Building Products (NX) › Q4 FY24
Quanex Building Products (NX) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 16, 2024
Quanex Building Products (NX) reported revenue of $492M for the fourth quarter fiscal 2024 (Q4 FY24), +67% from a year earlier and +76% from the quarter before. Operating margin was 0.6%, net loss $13.9M (2.8% of revenue).
Quanex Building Products, Q4 FY24: revenue $492M (+67% year over year), operating margin 0.6%, net loss $13.9M, operating cash flow $5.5M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $492M | +76% | +67% |
| Operating profit | $2.8M | — | — |
| Net earnings | −$13.9M | — | — |
| Operating cash flow | $5.5M | -88% | -88% |
What changed
Revenue was $492.2M in Q4 FY24, up 67% year over year and up 76% from the previous quarter.
Operating profit was $2.8M, a 0.6% margin (down 12.8 points year over year). Operating profit fell $36.7M even though revenue rose $196.7M versus a year earlier, so costs grew faster than sales. Total costs grew 91% against revenue growth of 67%. The fastest-growing cost line was SG&A (+196%). The quarter ended with a net loss of $13.9M, after a profit of $25.4M the previous quarter. Net interest and other expense of $20.4M was the main reason.
Operating cash flow was $5.5M (down 88% year over year). Non-cash charges added back $27.3M of depreciation and amortization and $793K of share-based compensation. Working capital and other items used $8.7M. Capital expenditures of $13.7M exceeded it, leaving free cash flow of −$8.2M.
Questions
What was Quanex Building Products' revenue in the fourth quarter fiscal 2024?
Quanex Building Products (NX) reported revenue of $492M for the fourth quarter fiscal 2024 (Q4 FY24), +67% from a year earlier and +76% from the quarter before.
Was Quanex Building Products profitable in the fourth quarter fiscal 2024?
Operating profit was $2.8M (0.6% of revenue) and net loss $13.9M.