Quanex Q2 Margin Expansion, Pricing Offsets Softer Volumes and Tariff Headwinds
Quanex Building Products reported $501.8 million revenue and $72.75 million adjusted EBITDA, both above analyst estimates, with operating margin at 9.3% up from -54.7% a year earlier. The company expects full margin gains next quarter, driven by price increases, while advancing business resegmentation and footprint optimization. Quanex passed tariff refunds through to customers and remains cautious about soft housing starts, input-cost inflation, and evolving U.S.-Canada wood tariffs.