Quanex Q2 GAAP EPS Plunges 84% to $0.07, Missing Estimates
NX sits 40% above its 52-week low of $11.04.
Summary
Quanex Building Products reported Q2 2026 GAAP diluted EPS of $0.07 on revenue of $462.37 million. This GAAP EPS significantly missed analyst estimates of $0.21 and represents an 84.1% decline year-over-year from $0.44. The revenue of $462.37 million slightly exceeded the $459.27 million estimate. This follows earlier news of strong adjusted Q2 results (adjusted EPS of $0.25) and a 10-Q filing noting sharply falling GAAP earnings. The substantial year-over-year decline and miss on GAAP EPS highlight underlying profitability challenges, despite a modest revenue beat and stronger adjusted earnings, with margins pressured by higher commodity, tariff, and transportation costs.
At the time of this announcement, NX was trading at $15.42 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $708.3M. The 52-week trading range was $11.04 to $22.98. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.