Why Quanex Building Products Stock Is Climbing Today
NXQuanex Building Products (NX) The Motley Fool·2024-09-06 23:19

Results point to better times ahead.Quanex Building Products (NX 18.66%) topped Wall Street expectations for the quarter and raised its full-year outlook, predicting big things from its recently closed acquisition.Wall Street reacted favorably to the news, sending Quanex shares up 20% as of 10:30 a.m. ET.Solid quarter, better guidanceQuanex manufactures a wide range of building materials, including windows, doors, vinyl fencing, refrigeration, and cabinetry. Last month, the company closed a $1.1 billion acq ...