Quanex Reports Third-Quarter 2026 Sales Growth, Margin Gains, Debt Reduction
Quanex focused on working-capital management in Q3 2026, using seasonal volume strength to repay $42.25 million of debt and repurchase shares. Net sales rose to $501.8 million (+1.3%), aided by pricing. Hardware Solutions sales fell 2.7% while Custom Solutions grew 8.5%. Total debt was $672.2 million with 2.8x net-debt to EBITDA leverage.