Quanex Building Products (NYSE: NX) surged 19.43% in the 24-hour trading session, driven by its fourth-quarter earnings report that significantly exceeded analyst expectations.
The company reported adjusted earnings per share (EPS) of $0.83, beating the consensus estimate of $0.53 by 61.17%. Quarterly sales reached $489.8 million, surpassing the forecast of $472.6 million. Additionally, Quanex posted a robust gross margin of 28.1% and generated $66.6 million in free cash flow during the quarter.
For the full year, Quanex reported net sales of $1.8 billion, reflecting a 44% year-over-year increase. The strong financial performance, coupled with improved operational metrics, has fueled investor optimism, driving the stock's sharp rise.
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