Quanex Building Products Corp

quanex.com

What Do They Do?

Makes window and door components, cabinet products, and building-access solutions for building-products manufacturers, distributors, and commercial construction contractors.

How Do They Make Money?

OEM customers pay for products under firm purchase orders, generally when the products ship; product sales are paid as a one-time purchase.

revenue

Segment	Share	How money arrives
Hardware Solutions Sold outright	46%	Sold outright
Extruded Solutions Sold outright	35%	Sold outright
Custom Solutions Sold outright	21%	Sold outright

Who Are Their Customers?

Quanex sells mainly to window, door and cabinet manufacturers and distributors, as well as commercial construction contractors. Its sales force sells directly to national and regional manufacturers, with distributors and independent sales agents also helping reach customers.

Do Revenues Turn Into Profits?

Not on paper. It lost $250.8M in FY2025, but brought in more cash than it spent: $102.3M of free cash flow.

Operating income, FY2025

−11% of revenue

▼ Now a loss vs FY2024 ($54.8M, 4%)

Net income, FY2025

−14% of revenue

▼ Now a loss vs FY2024 ($33.1M, 3%)

Free cash flow, FY2025

6% of revenue

▲ +98% vs FY2024 ($51.7M, 4%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q3 FY2026, the three months to Jul 31, 2026

Revenue: ▲ +1%; vs $495.3M in Q3 FY2025
Net income: ▲ Now profitable; vs −$276M in Q3 FY2025

Hardware Solutions share of revenue vs 45.9% in Q3 FY2025

Jan 16, 2026 Quanex replaced Grant Thornton with KPMG as its auditor The change followed a competitive selection process; the filing also described an ongoing material weakness in cash-flow statement controls.

Growing. Revenue grew 71% in 4 years, from $1.1B in FY2021 to $1.8B in FY2025, about 14% a year.

Broader product range The latest report adds window and door hardware, seals and gaskets, and commercial access products to the described offering, alongside the earlier window, door, cabinet and related building components.

Expanded customer markets The latest report describes sales to commercial construction contractors and refrigeration and building-access markets, expanding beyond the earlier emphasis on residential window, door and cabinet manufacturers.

Revenue over time

Hardware Solutions Extruded Solutions Custom Solutions

$2B$1B$0

FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with Assa Abloy, FlexScreen, Hoppe, Interlock, Radisson Industries, RiteScreen, Roto, Screenco, ScreenFab, Vision Hardware, Epwin, Eurocell, Profine U.K. Extrusions, Veka, Appalachian Wood, Conestoga, Northern Contours, Olon, GU, and Maco

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