Quanex (NX) Tops Q1 EPS by 5c

Quanex (NYSE: NX) reported Q1 EPS of ($0.07), $0.05 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $196.8 million versus the consensus estimate of $196.17 million.

• Despite depressed equity valuations in the residential housing industry, the fundamentals for our business remain positive, and as such we are comfortable reaffirming our full year 2019 guidance of 4% to 6% revenue growth and Adjusted EBITDA of $97 million to $107 million.”

For earnings history and earnings-related data on Quanex (NX) click here.

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