2013 Q3 Form 10-Q Financial Statement

#000142322113000007 Filed on September 04, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $156.8M $237.9M
YoY Change -34.11% -5.75%
Cost Of Revenue $116.0M $200.7M
YoY Change -42.18% -4.29%
Gross Profit $40.74M $37.24M
YoY Change 9.39% -12.88%
Gross Profit Margin 25.99% 15.65%
Selling, General & Admin $23.00M $26.66M
YoY Change -13.73% 40.96%
% of Gross Profit 56.46% 71.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.37M $9.131M
YoY Change 13.6% -0.75%
% of Gross Profit 25.46% 24.52%
Operating Expenses $23.00M $26.66M
YoY Change -13.73% 40.96%
Operating Profit $7.366M $1.452M
YoY Change 407.3% -90.08%
Interest Expense $182.0K $108.0K
YoY Change 68.52% -1.82%
% of Operating Profit 2.47% 7.44%
Other Income/Expense, Net -$45.00K $21.00K
YoY Change -314.29% -106.75%
Pretax Income $7.139M $1.365M
YoY Change 423.0% -84.86%
Income Tax -$2.013M -$200.0K
% Of Pretax Income -28.2% -14.65%
Net Earnings $4.969M $1.531M
YoY Change 224.56% -83.02%
Net Earnings / Revenue 3.17% 0.64%
Basic Earnings Per Share $0.13 $0.04
Diluted Earnings Per Share $0.13 $0.04
COMMON SHARES
Basic Shares Outstanding 36.86M shares 36.64M shares
Diluted Shares Outstanding 37.41M shares 37.16M shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.10M $62.30M
YoY Change -74.16% -0.16%
Cash & Equivalents $16.07M $62.29M
Short-Term Investments
Other Short-Term Assets $31.10M $28.30M
YoY Change 9.89% 28.05%
Inventory $67.84M $62.94M
Prepaid Expenses
Receivables $99.05M $88.35M
Other Receivables $0.00 $0.00
Total Short-Term Assets $214.1M $241.9M
YoY Change -11.53% -3.5%
LONG-TERM ASSETS
Property, Plant & Equipment $176.0M $165.5M
YoY Change 6.34% 5.37%
Goodwill $71.30M $67.42M
YoY Change 5.77%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $17.04M $14.89M
YoY Change 14.4% -42.5%
Total Long-Term Assets $357.5M $337.2M
YoY Change 6.01% -1.85%
TOTAL ASSETS
Total Short-Term Assets $214.1M $241.9M
Total Long-Term Assets $357.5M $337.2M
Total Assets $571.6M $579.2M
YoY Change -1.31% -2.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $78.48M $75.89M
YoY Change 3.41% 0.38%
Accrued Expenses $45.36M $46.13M
YoY Change -1.67% 25.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $400.0K $400.0K
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $124.2M $122.4M
YoY Change 1.51% 7.81%
LONG-TERM LIABILITIES
Long-Term Debt $800.0K $1.000M
YoY Change -20.0% -23.08%
Other Long-Term Liabilities $13.01M $13.89M
YoY Change -6.34% -64.66%
Total Long-Term Liabilities $13.01M $13.89M
YoY Change -6.34% -65.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $124.2M $122.4M
Total Long-Term Liabilities $13.01M $13.89M
Total Liabilities $158.3M $160.4M
YoY Change -1.34% 4.04%
SHAREHOLDERS EQUITY
Retained Earnings $180.1M $193.7M
YoY Change -6.99%
Common Stock $377.0K $378.0K
YoY Change -0.26%
Preferred Stock
YoY Change
Treasury Stock (at cost) $8.511M $12.18M
YoY Change -30.1%
Treasury Stock Shares 604.1K shares 864.2K shares
Shareholders Equity $413.3M $418.7M
YoY Change
Total Liabilities & Shareholders Equity $571.6M $579.2M
YoY Change -1.31% -2.55%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $4.969M $1.531M
YoY Change 224.56% -83.02%
Depreciation, Depletion And Amortization $10.37M $9.131M
YoY Change 13.6% -0.75%
Cash From Operating Activities $27.40M $17.80M
YoY Change 53.93% 17.11%
INVESTING ACTIVITIES
Capital Expenditures -$9.500M -$10.40M
YoY Change -8.65% 70.49%
Acquisitions
YoY Change
Other Investing Activities $300.0K $500.0K
YoY Change -40.0%
Cash From Investing Activities -$9.200M -$9.900M
YoY Change -7.07% 62.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.50M -200.0K
YoY Change 5650.0% -95.56%
NET CHANGE
Cash From Operating Activities 27.40M 17.80M
Cash From Investing Activities -9.200M -9.900M
Cash From Financing Activities -11.50M -200.0K
Net Change In Cash 6.700M 7.700M
YoY Change -12.99% 67.39%
FREE CASH FLOW
Cash From Operating Activities $27.40M $17.80M
Capital Expenditures -$9.500M -$10.40M
Free Cash Flow $36.90M $28.20M
YoY Change 30.85% 32.39%

Facts In Submission

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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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498000 USD
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167000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Gain Loss On Derivative Instruments Net Pretax
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us-gaap Gain Loss On Derivative Instruments Net Pretax
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Tax Expense Benefit Continuing Operations
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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2018-01-27
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
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us-gaap Sales Revenue Goods Net
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us-gaap Share Based Compensation
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P3Y
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us-gaap Share Based Compensation
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us-gaap Segment Reporting Information Revenue
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
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CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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14.18
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400000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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800000 USD
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
6342000 USD
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2969550.00 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2473250 shares
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
15.58
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
14.57
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
6308000 USD
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
2886361 shares
nx Cash Settlement For Vested Restricted Stock Units
CashSettlementForVestedRestrictedStockUnits
200000 USD
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
15.49
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodFairValue
3000000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodFairValue
2300000 USD
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
14.25
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
18.02
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
19.75
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y2M
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2013Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
5741000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y10M
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y10M24D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y10M24D
CY2013Q3 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
2000000 USD
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-337000 USD
CY2012 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-838000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
63814 shares
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
909000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
421827000 USD
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
413274000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
519000 USD
CY2013Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
604088 shares
CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
816302 shares
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
11501000 USD
CY2013Q3 us-gaap Treasury Stock Value
TreasuryStockValue
8511000 USD
CY2013Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
13300000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
15800000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36838000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36584000 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37413000 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37163000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36637000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36584000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36838000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36856000 shares
CY2013Q3 nx Accrued Liabilities Administrative And Legal Costs
AccruedLiabilitiesAdministrativeAndLegalCosts
300000 USD
CY2013Q3 nx Business Combination Contingent Consideration Arrangements Additional Consideration Outcome
BusinessCombinationContingentConsiderationArrangementsAdditionalConsiderationOutcome
500000 USD
CY2013Q3 nx Business Combination Contingent Consideration Arrangements Additional Consideration Outcome Reduction Related To Working Capital Clause
BusinessCombinationContingentConsiderationArrangementsAdditionalConsiderationOutcomeReductionRelatedToWorkingCapitalClause
400000 USD
nx Cash Settlement For Vested Restricted Stock Units
CashSettlementForVestedRestrictedStockUnits
111060.0 USD
CY2013Q3 nx Environmental Reserve Net
EnvironmentalReserveNet
10400000 USD
nx Expected Effective Income Tax Rate Continuing Operations
ExpectedEffectiveIncomeTaxRateContinuingOperations
0.366
CY2012Q3 nx Expected Effective Income Tax Rate Continuing Operations
ExpectedEffectiveIncomeTaxRateContinuingOperations
-0.122
CY2013Q3 nx Expected Effective Income Tax Rate Continuing Operations
ExpectedEffectiveIncomeTaxRateContinuingOperations
0.279
nx Expected Effective Income Tax Rate Continuing Operations
ExpectedEffectiveIncomeTaxRateContinuingOperations
0.329
CY2013Q3 nx Income Tax Related Charge Equity
IncomeTaxRelatedChargeEquity
2100000 USD
CY2013Q3 nx Increase Decrease Income Tax Expense
IncreaseDecreaseIncomeTaxExpense
600000 USD
CY2013Q3 nx Increase Decrease Uncertain Tax Position
IncreaseDecreaseUncertainTaxPosition
2700000 USD
nx Initial Environmental Remediation Costs Reimbursed
InitialEnvironmentalRemediationCostsReimbursed
1500000 USD
CY2013Q3 nx Interest Coverage Ratio
InterestCoverageRatio
3.00
CY2013Q3 nx Leverage Ratio
LeverageRatio
3.25
CY2013Q3 nx Limit Environmental Remediation Cost Reimbursed
LimitEnvironmentalRemediationCostReimbursed
21500000 USD
CY2013Q3 nx Line Of Credit Facility Additional Aggregate Commitments Increase Limit
LineOfCreditFacilityAdditionalAggregateCommitmentsIncreaseLimit
100000000 USD
CY2013Q3 nx Line Of Credit Facility Total Commitments Limit
LineOfCreditFacilityTotalCommitmentsLimit
250000000 USD
nx Percentage Of Environmental Remediation Costs Reimbursed
PercentageOfEnvironmentalRemediationCostsReimbursed
0.90
CY2013Q3 nx Uncertaintaxpositionindeferredtaxes
Uncertaintaxpositionindeferredtaxes
7900000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--10-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-07-31
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001423221
CY2013Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
37064965 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Quanex Building Products CORP
dei Trading Symbol
TradingSymbol
NX

Files In Submission

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0001423221-13-000007-index-headers.html Edgar Link pending
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0001423221-13-000007.txt Edgar Link pending
0001423221-13-000007-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
nx-20130731.xml Edgar Link completed
nx-20130731.xsd Edgar Link pending
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