2014 Q1 Form 10-Q Financial Statement

#000142322114000003 Filed on March 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q4 2013 Q1
Revenue $202.4M $166.8M $185.7M
YoY Change 8.96% -29.02% 14.94%
Cost Of Revenue $96.19M $124.7M $83.29M
YoY Change 15.48% -35.5% -39.66%
Gross Profit $106.2M $42.16M $102.4M
YoY Change 3.67% 0.99% 335.14%
Gross Profit Margin 52.47% 25.27% 55.15%
Selling, General & Admin $22.50M $23.90M $27.05M
YoY Change -16.81% -4.4% 7.55%
% of Gross Profit 21.19% 56.69% 26.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.544M $27.10M $9.657M
YoY Change -11.53% 194.57% -0.5%
% of Gross Profit 8.05% 64.28% 9.43%
Operating Expenses $22.50M $49.20M $27.05M
YoY Change -16.81% 43.86% 7.55%
Operating Profit -$862.0K -$8.553M -$9.029M
YoY Change -90.45% -974.54% -20.13%
Interest Expense $141.0K -$300.0K $139.0K
YoY Change 1.44% 200.0% 10.32%
% of Operating Profit
Other Income/Expense, Net $96.00K $300.0K -$91.00K
YoY Change -205.49% -141.94%
Pretax Income -$907.0K -$8.400M -$13.92M
YoY Change -93.48% -967.77% 24.1%
Income Tax -$304.0K -$2.900M $5.797M
% Of Pretax Income
Net Earnings -$3.900M -$1.206M -$8.118M
YoY Change -51.96% -224.59% 20.3%
Net Earnings / Revenue -1.93% -0.72% -4.37%
Basic Earnings Per Share -$0.11 -$0.03 -$0.22
Diluted Earnings Per Share -$0.11 -$0.03 -$0.22
COMMON SHARES
Basic Shares Outstanding 37.00M shares 37.24M shares 36.81M shares
Diluted Shares Outstanding 37.00M shares 36.81M shares

Balance Sheet

Concept 2014 Q1 2013 Q4 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.80M $49.70M $4.600M
YoY Change 460.87% -30.29% -94.37%
Cash & Equivalents $25.81M $23.13M $4.558M
Short-Term Investments
Other Short-Term Assets $32.10M $85.40M $35.30M
YoY Change -9.07% 205.0% 45.87%
Inventory $74.50M $41.68M $84.56M
Prepaid Expenses
Receivables $72.46M $59.46M $78.00M
Other Receivables $1.395M $1.395M $0.00
Total Short-Term Assets $204.9M $236.3M $202.4M
YoY Change 1.2% -5.81% -11.98%
LONG-TERM ASSETS
Property, Plant & Equipment $160.5M $106.8M $178.8M
YoY Change -10.21% -36.75% 12.45%
Goodwill $71.84M $71.87M $71.51M
YoY Change 0.46% 5.17%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.54M $5.570M $15.29M
YoY Change -11.4% -60.69% -35.5%
Total Long-Term Assets $336.2M $335.5M $359.9M
YoY Change -6.58% -0.93% 7.13%
TOTAL ASSETS
Total Short-Term Assets $204.9M $236.3M $202.4M
Total Long-Term Assets $336.2M $335.5M $359.9M
Total Assets $541.0M $571.8M $562.3M
YoY Change -3.78% -3.01% -0.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $67.28M $37.53M $72.05M
YoY Change -6.63% -53.66% 25.97%
Accrued Expenses $29.68M $34.81M $32.80M
YoY Change -9.5% -25.07% -12.31%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $200.0K $200.0K $400.0K
YoY Change -50.0% -50.0% 0.0%
Total Short-Term Liabilities $97.14M $121.9M $105.2M
YoY Change -7.68% -4.65% 10.88%
LONG-TERM LIABILITIES
Long-Term Debt $700.0K $700.0K $1.100M
YoY Change -36.36% -30.0% -15.38%
Other Long-Term Liabilities $12.11M $14.64M $16.88M
YoY Change -28.22% -5.13% -60.48%
Total Long-Term Liabilities $12.11M $14.64M $16.88M
YoY Change -28.22% -5.13% -61.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $97.14M $121.9M $105.2M
Total Long-Term Liabilities $12.11M $14.64M $16.88M
Total Liabilities $128.8M $155.6M $147.2M
YoY Change -12.51% -7.21% 5.9%
SHAREHOLDERS EQUITY
Retained Earnings $172.1M $177.5M $183.4M
YoY Change -6.18% -8.1%
Common Stock $376.0K $377.0K $378.0K
YoY Change -0.53% -0.26%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.444M $6.881M $9.961M
YoY Change -45.35% -40.17%
Treasury Stock Shares 386.4K shares 488.4K shares 707.0K shares
Shareholders Equity $412.3M $416.2M $415.1M
YoY Change
Total Liabilities & Shareholders Equity $541.0M $571.8M $562.3M
YoY Change -3.78% -3.01% -0.64%

Cashflow Statement

Concept 2014 Q1 2013 Q4 2013 Q1
OPERATING ACTIVITIES
Net Income -$3.900M -$1.206M -$8.118M
YoY Change -51.96% -224.59% 20.3%
Depreciation, Depletion And Amortization $8.544M $27.10M $9.657M
YoY Change -11.53% 194.57% -0.5%
Cash From Operating Activities -$11.50M $36.90M -$30.34M
YoY Change -62.1% 80.0% -1563.58%
INVESTING ACTIVITIES
Capital Expenditures $6.748M -$3.400M $11.50M
YoY Change -41.32% -69.64% 43.32%
Acquisitions $5.161M $22.45M
YoY Change -77.01%
Other Investing Activities -$4.500M $0.00 -$16.00K
YoY Change 28025.0% -100.0%
Cash From Investing Activities -$11.20M -$3.400M -$33.93M
YoY Change -66.99% -67.62% 322.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.200M 0.000 -$1.900M
YoY Change -36.84% -100.0% -21.81%
NET CHANGE
Cash From Operating Activities -11.50M 36.90M -$30.34M
Cash From Investing Activities -11.20M -3.400M -$33.93M
Cash From Financing Activities -1.200M 0.000 -$1.900M
Net Change In Cash -23.90M 33.50M -$66.17M
YoY Change -63.88% 264.13% 689.56%
FREE CASH FLOW
Cash From Operating Activities -$11.50M $36.90M -$30.34M
Capital Expenditures $6.748M -$3.400M $11.50M
Free Cash Flow -$18.25M $40.30M -$41.84M
YoY Change -56.39% 27.13% 603.08%

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CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
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CY2014Q1 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
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CY2014Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2014Q1 us-gaap Stockholders Equity
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CY2014Q1 us-gaap Unrecognized Tax Benefits
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CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2014Q1 nx Accrued Liabilities Administrative And Legal Costs
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569000 USD
CY2014Q1 nx Deferredcompensationvestedbalancepayment
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3300000 USD
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3.25
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21500000 USD
CY2014Q1 nx Line Of Credit Facility Additional Aggregate Commitments Increase Limit
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100000000 USD
CY2014Q1 nx Line Of Credit Facility Total Commitments Limit
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250000000 USD
CY2014Q1 nx Maximumlettersofcredit
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50000000 USD
CY2014Q1 nx Percentage Of Environmental Remediation Costs Reimbursed
PercentageOfEnvironmentalRemediationCostsReimbursed
0.90
CY2014Q1 nx Sale Priceof Disposal Group
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110000000 USD
CY2014Q1 nx Disallowancenotaffectannualeffectivetaxrate
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12400000 USD
CY2014Q1 nx Environmental Reserve Net
EnvironmentalReserveNet
9800000 USD
CY2013Q1 nx Expected Effective Income Tax Rate Continuing Operations
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0.417
CY2014Q1 nx Expected Effective Income Tax Rate Continuing Operations
ExpectedEffectiveIncomeTaxRateContinuingOperations
0.246
CY2014Q1 nx Initial Environmental Remediation Costs Reimbursed
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1500000 USD
CY2013Q1 nx Inter Segment Revenue
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0 USD
CY2014Q1 nx Inter Segment Revenue
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0 USD
CY2014Q1 nx Interest Coverage Ratio
InterestCoverageRatio
3.00
CY2014Q1 nx Uncertaintaxpositionindeferredtaxes
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7800000 USD
CY2014Q1 dei Amendment Flag
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false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--10-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-01-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001423221
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
37487907 shares
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
Quanex Building Products CORP
CY2014Q1 dei Trading Symbol
TradingSymbol
NX

Files In Submission

Name View Source Status
0001423221-14-000003-index-headers.html Edgar Link pending
0001423221-14-000003-index.html Edgar Link pending
0001423221-14-000003.txt Edgar Link pending
0001423221-14-000003-xbrl.zip Edgar Link pending
a102qbpdeferredcompplan.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
nx-20140131.xml Edgar Link completed
nx-20140131.xsd Edgar Link pending
nx-20140131_cal.xml Edgar Link unprocessable
nx-20140131_def.xml Edgar Link unprocessable
nx-20140131_lab.xml Edgar Link unprocessable
nx-20140131_pre.xml Edgar Link unprocessable
nx0131201410-q.htm Edgar Link pending
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report.css Edgar Link pending
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