Pulling SEC filings + quote and writing the call…

Quanex Building Products CORP
Next earnings Sep 2, 2026 · consensus $0.68 EPS, $512M rev
Last earnings -1.8% on 2026-06-04
Tyman deal blew up the P&L — $251M loss, goodwill impairment, adverse ICFR opinion. Too much smoke to own.
Revenue $1.84B · FY2025
The FY2025 numbers look superficially like growth — revenue up 43.8% to $1.84B — but the entire increase is the August 2024 Tyman acquisition (14.1M new shares plus ~$504M cash consideration disclosed in MD&A), not organic demand. The deal has been a disaster on arrival: FY2025 swung to a $251M net loss and a $194M operating loss versus $33M of net income in FY2024, and the 10-K explicitly discloses a Q4 2025 goodwill impairment trigger 'related to the decline in the Company's stock price,' with the auditor flagging the quantitative goodwill impairment of every reporting unit as the critical audit matter. Stockholders' equity fell 28.2% in one year and retained earnings collapsed 61.7% to $165M — this is real capital destruction, not a non-cash optical event you can wave away.
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.07B | $1.22B | $1.13B | $1.28B | $1.84B |
| Gross profit | — | — | — | — | — |
| Operating income | $81.9M | $111M | $111M | $54.8M | -$194M |
| Net income | $57.0M | $88.3M | $82.5M | $33.1M | -$251M |
| Diluted EPS | $1.70 | $2.66 | $2.50 | $0.90 | -$5.43 |
| Net margin | 5.3% | 7.2% | 7.3% | 2.6% | -13.6% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Q2 FY26 detail; ongoing Tyman integration drag on margins
Q2 FY26 earnings release; market still digesting post-Tyman integration
Reg FD investor presentation/conference disclosure
Q1 FY26 detail; first full year post-Tyman with restructured segments
Q1 FY26 earnings release issued
Annual meeting vote results and bylaws amendment ratified
Reg FD investor materials posted
DEF 14A proxy: routine board/comp votes ahead of annual meeting
Change in certifying accountant — auditor turnover is a yellow flag
Sources: SEC EDGAR (CIK 0001423221, latest 10-Q filed 2026-06-05) · EODHD · analysis by claude-code · as of 6/25/2026, 2:57:36 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
1043 tracked peers · median
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.