Quanex Building Products Corporation (NX): Business Model Canvas [Jan-2025 Mis à jour]

Plongez dans le monde complexe de Quanex Building Products Corporation (NX), une puissance de l'industrie des composants de construction qui transforme les matières premières en solutions innovantes qui façonnent notre paysage architectural. Avec une toile de modèle commerciale robuste qui couvre les partenariats stratégiques, la fabrication de pointe et les approches centrées sur le client, Quanex a creusé une position unique sur le marché de la construction concurrentielle. Cette exploration dévoilera comment l'entreprise exploite ses ressources clés, ses propositions de valeur et ses sources de revenus dynamiques pour fournir des systèmes de fenêtres et de portes haute performance qui répondent aux besoins en évolution des secteurs de la construction résidentielle et commerciale.

Quanex Building Products Corporation (NX) - Modèle d'entreprise: partenariats clés

Fournisseurs stratégiques de matières premières

Quanex Building Products Corporation entretient des partenariats critiques avec les fournisseurs de matières premières:

Type de matériau	Fournisseurs clés	Volume de l'offre annuelle
Aluminium	Alcoa Corporation	45 000 tonnes métriques
Vinyle	Westlake Chemical Corporation	38 500 tonnes métriques
Métaux extrudés	Aluminium Kaiser	22 000 tonnes métriques

Fabricants d'équipements d'origine (OEM)

Les partenariats OEM stratégiques comprennent:

• Andersen Corporation
• Windows et portes Jeld-wen
• Masonite International
• Industries des joyaux

Réseaux de distribution

Les partenariats de distribution clés comprennent:

Détaillant	Volume des ventes annuelles	Portée du marché
Le Home Depot	42,3 millions de dollars	National
Les entreprises de Lowe	36,7 millions de dollars	National
84 bois	18,5 millions de dollars	Régional

Partenaires technologiques

Les collaborations de l'innovation manufacturière comprennent:

• Automatisation industrielle de Siemens
• Abb robotique
• Rockwell Automation

Logistique et transport

Partenariats logistiques critiques:

Fournisseur de services	Volume de transport annuel	Couverture
Freight UPS	12 500 expéditions	National
Xpo logistique	9 800 expéditions	Régional
J.B. Hunt Transport	7 600 expéditions	Régional

Quanex Building Products Corporation (NX) - Modèle d'entreprise: activités clés

Fensières de fabrication et composants de porte

Capacité de production annuelle d'environ 35 millions d'unités de fenêtres et de portes. Installations de fabrication situées dans 6 endroits différents à travers l'Amérique du Nord. Fabrication totale en pieds carrés de 1,8 million de pieds carrés.

Emplacement de fabrication	Capacité de production annuelle	Type de produit
Dallas, Texas	8,5 millions d'unités	Cadres de fenêtre
Juarez, Mexique	7,2 millions d'unités	Composants de la porte
Ontario, Canada	5,6 millions d'unités	Composants spécialisés

Recherche et développement de produits

Investissement annuel de R&D de 12,3 millions de dollars. Centres de recherche situés dans 3 installations primaires. Le développement de la technologie s'est concentré sur l'innovation matérielle et l'efficacité énergétique.

• 2 laboratoires de recherche dédiés
• 15 demandes de brevet actives en 2023
• Cycle de développement moyen des produits: 18-24 mois

Solutions d'ingénierie personnalisées

Équipe d'ingénierie personnalisée composée de 87 ingénieurs spécialisés. Les services d'ingénierie génèrent environ 24,5 millions de dollars de revenus annuels.

Catégorie de service d'ingénierie	Revenus annuels
Solutions personnalisées résidentielles	14,2 millions de dollars
Solutions de construction commerciale	10,3 millions de dollars

Contrôle de la qualité et tests de produits

Équipe de contrôle de la qualité de 62 professionnels. Budget de test annuel de 3,7 millions de dollars. Test de la conformité avec les normes ASTM, ISO et spécifiques à l'industrie.

• 3 laboratoires de test de qualité dédiés
• Plus de 250 000 tests de produits effectués chaque année
• Taux de défaillance du produit inférieur à 0,05%

Ventes et commercialisation des systèmes de composants de construction

Équipe de vente de 126 professionnels. Budget marketing de 8,6 millions de dollars. Distribution dans 42 États et 3 provinces canadiennes.

Canal de vente	Contribution annuelle des revenus
Ventes directes	186,4 millions de dollars
Partenaires de distribution	142,7 millions de dollars
Plateformes de vente en ligne	22,3 millions de dollars

Quanex Building Products Corporation (NX) - Modèle d'entreprise: Ressources clés

Installations de fabrication avancées

Quanex exploite des installations de fabrication à travers l'Amérique du Nord avec les spécifications suivantes:

Emplacement	Type d'installation	Capacité de fabrication
Dallas, Texas	Composants de fenêtre	500 000 unités / an
Juarez, Mexique	Produits de fenestration	350 000 unités / an
Ontario, Canada	Produits architecturaux	250 000 unités / an

Équipes d'ingénierie et de conception spécialisées

Composition de la main-d'œuvre d'ingénierie:

• Personnel d'ingénierie total: 287
• Tenteurs de diplômes avancés: 42%
• Expérience d'ingénierie moyenne: 12,5 ans

Propriété intellectuelle

Portfolio de propriété intellectuelle:

Catégorie IP	Compte total	Brevets actifs
Brevets de conception	37	29
Brevets de services publics	52	46

Réputation de la marque

Métriques de positionnement du marché:

• Part de marché dans les composants de la fenêtre: 24%
• Taux de rétention de la clientèle: 87%
• Score de réputation de l'industrie: 8,6 / 10

Expertise

Composition de la main-d'œuvre:

Catégorie des employés	Total des employés	Expertise technique
Fabrication	1,243	82% de travailleurs qualifiés
Ingénierie	287	Formation spécialisée à 92%
Recherche & Développement	76	95% de diplômes avancés

Quanex Building Products Corporation (NX) - Modèle d'entreprise: propositions de valeur

Composants de construction durables de haute qualité

Quanex Building Products Corporation fabrique des composants de construction avec les spécifications suivantes:

Catégorie de produits	Durabilité des matériaux	Période de garantie
Cadres de fenêtre	20-25 ans de durée de vie attendue	10-15 ans
Composants de la porte	Dispan attendu de 15 à 20 ans	7-10 ans

Solutions personnalisées pour la construction résidentielle et commerciale

Quanex fournit des solutions sur mesure à travers les segments de marché:

• Part de marché résidentiel: 62%
• Part de marché commercial: 38%
• Capacités de conception personnalisées pour 95% des gammes de produits

Systèmes de fenêtre et de porte économes en énergie

Métriques de l'efficacité énergétique pour les produits Quanex:

Type de produit	Usine	Coefficient de gain de chaleur solaire
Fenêtres résidentielles	0.20-0.30	0.25-0.40
Fenêtres commerciales	0.15-0.25	0.20-0.35

Processus de fabrication rentables

Indicateurs d'efficacité de fabrication:

• Réduction des coûts de production: 7,2% en 2023
• Fabrication des frais généraux: 16,5% des revenus totaux
• Taux d'utilisation des matériaux: 92,3%

Conception innovante et avancement technologique

Détails de l'investissement de la recherche et du développement:

Dépenses de R&D	Brevets déposés	Introductions de nouveaux produits
22,3 millions de dollars en 2023	17 nouveaux brevets	5 nouvelles gammes de produits

Quanex Building Products Corporation (NX) - Modèle d'entreprise: relations avec les clients

Assistance des ventes directes pour les clients OEM

Quanex Building Products Corporation fournit un support commercial dédié aux clients du fabricant d'équipement d'origine (OEM) dans le segment des produits de construction. En 2022, la société a servi environ 1 200 clients OEM à travers l'Amérique du Nord.

Segment de clientèle	Nombre de clients OEM	Canaux de soutien aux ventes
Fabricants de fenêtres résidentielles	650	Équipe de vente directe
Fabricants de fenêtres commerciales	350	Représentants des ventes techniques
Produits de construction spécialisés	200	Gestionnaires de compte dédiés

Services de consultation technique

Quanex propose des services de consultation technique complets avec 17 spécialistes de support technique dédiés à travers ses segments d'activité.

• Consultations techniques sur place
• Analyse des performances du produit
• Solutions d'ingénierie personnalisées
• Évaluations de compatibilité des matériaux

Approche de partenariat à long terme

La société entretient des relations à long terme avec des clients clés, avec un taux de rétention de clientèle moyen de 87% à partir de 2022 rapports financiers.

Métrique de la relation client	Valeur
Durée moyenne de la relation client	12,5 ans
Tarif client répété	92%
Score de satisfaction du client annuel	8.6/10

Plateformes de support client en ligne

Quanex maintient l'infrastructure numérique de support client avec les mesures d'engagement numérique suivantes:

• Catalogue de produits en ligne avec plus de 3 500 spécifications de produits
• Centre de ressources techniques numériques
• Portail de support client 24/7 numérique

Infrastructure de service client réactif

Composition de l'équipe de service client et métriques de réponse à partir de 2022:

Canal de service	Temps de réponse	Personnel de soutien
Support téléphonique	Moyenne 12 minutes	22 représentants
Assistance par e-mail	Moyenne 4 heures	15 spécialistes du soutien
Chat en ligne	Moyenne 7 minutes	8 agents de support numérique

Quanex Building Products Corporation (NX) - Modèle d'entreprise: canaux

Équipe de vente directe

En 2024, Quanex Building Products maintient une équipe de vente directe de 127 représentants commerciaux professionnels ciblant les marchés de construction et de matériaux de construction.

Segment de l'équipe de vente	Nombre de représentants	Couverture géographique
Construction résidentielle	62	Amérique du Nord
Construction commerciale	45	États-Unis
Marchés internationaux	20	Régions mondiales

Catalogues de produits en ligne et systèmes de commande

Quanex exploite une plate-forme numérique avec 98,6% de couverture du catalogue de produits et les capacités de commande en temps réel.

• Trafic de site Web: 342 000 visiteurs mensuels
• Pourcentage de commande en ligne: 47% du total des transactions
• Pages de catalogue numérique: 1 247 listes de produits détaillés

Salons et conférences de l'industrie

Type d'événement	Participation annuelle	Portée estimée
Conférences nationales de construction	8	15 600 professionnels de l'industrie
Exposition régionale de matériaux de construction	12	22 400 clients potentiels

Réseaux de distributeurs et de détaillants

Quanex maintient un réseau de distribution complet sur plusieurs canaux.

Type de réseau	Nombre de partenaires	Couverture du marché
Distributeurs en gros	287	États-Unis
Centres d'approvisionnement en bâtiment de détail	1,342	Amérique du Nord
Distributeurs internationaux	64	Marchés mondiaux

Plateformes de marketing et de communication numériques

• LinkedIn adepte: 12 400
• Engagement Twitter: 6 800 abonnés
• Base de données de marketing par e-mail: 47 300 contacts de l'industrie
• Dépenses de marketing numérique mensuelles moyennes: 218 000 $

Quanex Building Products Corporation (NX) - Modèle d'entreprise: segments de clientèle

Fabricants de fenêtres et de portes résidentielles

Taille du marché pour les fabricants de fenêtres et de portes résidentiels aux États-Unis: 23,4 milliards de dollars en 2023.

Meilleurs fabricants	Revenus annuels
Andersen Corporation	4,5 milliards de dollars
Pella Corporation	2,8 milliards de dollars
Jed-wen	4,2 milliards de dollars

Entreprises de construction commerciale

Valeur marchande de la construction commerciale en 2023: 1,35 billion de dollars.

• Les 10 principales sociétés de construction commerciales représentent 35% de la part de marché
• Dépenses annuelles moyennes en matière de construction de matériaux: 425 millions de dollars par entreprise

Détaillants de rénovation domiciliaire

Ventes totales de commerce de maison en 2023: 573 milliards de dollars.

Détaillant	Revenus annuels
Home dépot	157,4 milliards de dollars
Lowe's	97,1 milliards de dollars

Cabinets d'architectes et entrepreneurs

Marché total des services architecturaux en 2023: 62,3 milliards de dollars.

• Nombre de cabinets d'architectes aux États-Unis: 23 450
• Revenu annuel moyen par entreprise: 2,6 millions de dollars

Distributeurs de produits régionaux et nationaux

Taille du marché de la distribution des matériaux de construction: 278 milliards de dollars en 2023.

Distributeur	Revenus annuels
ABC Supply Co.	14,2 milliards de dollars
84 bois	3,8 milliards de dollars
Distribution SRS	6,5 milliards de dollars

Quanex Building Products Corporation (NX) - Modèle d'entreprise: Structure des coûts

Frais d'approvisionnement en matières premières

Pour l'exercice 2023, Quanex Building Products Corporation a déclaré des coûts d'approvisionnement en matières premières de 380,2 millions de dollars.

Catégorie de matériel	Dépenses annuelles	Pourcentage de l'approvisionnement total
Aluminium	142,5 millions de dollars	37.5%
Vinyle	98,7 millions de dollars	26%
Acier	76,3 millions de dollars	20%
Autres matériaux	62,7 millions de dollars	16.5%

Coûts de fabrication et de production

Les frais généraux de fabrication et de production pour 2023 ont totalisé 214,6 millions de dollars.

• Coût de main-d'œuvre de fabrication directe: 87,3 millions de dollars
• Démontation de l'équipement: 42,1 millions de dollars
• Entretien d'usine: 35,2 millions de dollars
• Dépenses d'énergie et de services publics: 50 millions de dollars

Investissements de recherche et développement

Les dépenses de la R&D pour l'exercice 2023 étaient de 22,4 millions de dollars, ce qui représente 2,1% des revenus totaux.

Gestion du travail et de la main-d'œuvre

Catégorie de main-d'œuvre	Dépenses annuelles	Nombre d'employés
Total des coûts de main-d'œuvre	189,7 millions de dollars	2,350
Salaires de gestion	45,3 millions de dollars	185
Travailleurs de la production	112,4 millions de dollars	1,825

Dépenses de transport et de logistique

Les coûts de logistique et de transport pour 2023 s'élevaient à 67,5 millions de dollars.

• Force et expédition: 42,3 millions de dollars
• Opérations d'entrepôt: 15,2 millions de dollars
• Gestion du centre de distribution: 10 millions de dollars

Quanex Building Products Corporation (NX) - Modèle d'entreprise: Strots de revenus

Ventes de composants de fenêtre et de porte

Au cours de l'exercice 2023, Quanex Building Products Corporation a déclaré des ventes nettes totales de 1,16 milliard de dollars. Les ventes de composants de fenêtres et de portes représentaient environ 65% des revenus totaux, équivalant à environ 754 millions de dollars.

Catégorie de produits	Revenus (2023)	Pourcentage des ventes totales
Systèmes de verre d'ingénierie	441,2 millions de dollars	38%
Fenêtre en vinyle et composants de porte	312,8 millions de dollars	27%

Contrats de solution d'ingénierie personnalisés

Les solutions d'ingénierie personnalisées ont généré environ 187,2 millions de dollars de revenus au cours de 2023, ce qui représente 16% du total des ventes d'entreprises.

• Solutions de verre architecturale spécialisées
• Services de conception d'extrusion personnalisés
• Contrats de fabrication de précision

Support de produit du marché secondaire

Les composants du support et de remplacement des produits de rechange ont représenté 104,5 millions de dollars de revenus pour l'exercice 2023.

Licence des technologies propriétaires

Les licences technologiques ont généré 23,6 millions de dollars de revenus récurrents en 2023.

Type de licence technologique	Revenus annuels
Licences de processus de fabrication	15,3 millions de dollars
Licences de technologie matérielle	8,3 millions de dollars

Ventes de marché internationales et nationales

Pour l'exercice 2023, Quanex a déclaré la ventilation des revenus géographiques suivants:

Marché	Revenu	Pourcentage
Marché intérieur des États-Unis	986,6 millions de dollars	85%
Marchés internationaux	173,4 millions de dollars	15%

Quanex Building Products Corporation (NX) - Canvas Business Model: Value Propositions

You're looking at the core value Quanex Building Products Corporation delivers across its segments as of late 2025. The numbers show a company heavily influenced by recent acquisitions but still driving specialized material science value.

Enhanced energy efficiency via flexible insulating glass spacers.

The value here is directly tied to meeting increasingly strict global energy codes. For instance, the Super Spacer® TG (Thin Glass) product lets original equipment manufacturers (OEMs) achieve triple-glazed performance without redesigning their existing double-pane frame systems. This is enabled by Thermoset Spacer (TSS) technology, which offers low thermal conductivity for enhanced insulation. For context on the market push, some Thermoplastic Spacer (TPS) products, which Quanex is involved with through Edgetech, can achieve a U-value reduction of up to 30% in insulating glass units. Furthermore, the flexible nature of these spacers, like the Super Spacer® Standard, which is certified to North America ASTM E2188/E2189/E2190, helps maintain edge seal integrity across temperature shifts. The manufacturing process itself offers a value proposition: the flexible warm-edge spacer production process can reduce labor requirements by 60% compared to rigid or metal spacer processes.

• Certified to European EN 1279 standard.
• Super Spacer TriSealTM TPS conductivity rating of 0.167 W/m·K.
• Maintains flexibility across major temperature and barometric pressure shifts.

Comprehensive window and door hardware for security and performance.

This segment, while facing near-term operational headwinds, still represents a significant revenue stream. For the third quarter ending July 31, 2025, the Hardware Solutions segment reported net sales of $227.1 million. That's a substantial year-over-year increase of 201% compared to $75.5 million in the same period of 2024, largely due to the Tyman acquisition integration. The value delivered is comprehensive security and performance integration for fenestration systems.

Custom-engineered polymer mixing solutions for specialized applications.

Quanex Building Products Corporation provides custom mixing solutions that support specialized needs across various end markets. In the Custom Solutions segment for Q3 2025, net sales reached $102.3 million, up from $72.7 million in Q3 2024. Within that segment, volume for legacy product lines saw a small increase of 0.8%, while price increased by 2.2%. The segment delivered an Adjusted EBITDA of $12.9 million for the quarter.

Single-source provider for fenestration, cabinet, and building access components.

The breadth of offerings positions Quanex as a single-source partner across several key building sectors. The overall company is projecting fiscal 2025 net sales of approximately $1.82 billion, with an estimated Adjusted EBITDA of approximately $235 million. This scale supports partnerships with leading OEMs in window, door, solar, refrigeration, custom mixing, building access, and cabinetry markets. For example, the residential remodeling and replacement (R&R) window shipment market is expected by analysts to increase by 4.0% in 2025, a market Quanex directly serves.

Here's a quick look at the segment financial contribution for the third quarter of 2025:

Segment	Q3 2025 Net Sales (Millions USD)	Year-over-Year Growth Rate	Q3 2025 Adjusted EBITDA (Millions USD)
Hardware Solutions	$227.1	201%	Data not explicitly isolated from segment total
Custom Solutions	$102.3	40.7% (Implied from $72.7M in 2024)	$12.9
Consolidated (Total)	$495.3	76.7%	$70.3

The company is also focused on financial discipline, evidenced by a Debt Covenant Leverage Ratio of 2.4x as of July 31, 2025, and an expanded cost synergy target from the Tyman acquisition of ~$45 million annually.

Quanex Building Products Corporation (NX) - Canvas Business Model: Customer Relationships

You're looking at how Quanex Building Products Corporation keeps its key customers locked in, which is all about deep partnership rather than just transactional sales. This relationship block is critical because their business relies on being embedded with Original Equipment Manufacturers (OEMs).

The core of the relationship strategy centers on providing specialized, integrated support directly to these manufacturing partners. Quanex Building Products Corporation currently collaborates and partners with leading OEMs across several key sectors. These include the window, door, solar, refrigeration, custom mixing, building access, and cabinetry markets.

This isn't just about shipping parts; it's a high-touch, collaborative relationship model designed for custom solutions. Quanex leverages its material science expertise and process engineering to meet tough design and performance criteria requirements for its partners. The integration of legacy Tyman, for instance, is a massive undertaking where realizing cost synergies-with an updated target of approximately $45 million over time-directly impacts the value delivered back to the supply chain partners.

While specific long-term supply agreements aren't publicly detailed in standard filings, the nature of the business implies them. Quanex works with major manufacturers, meaning these relationships are secured through ongoing performance and product integration, rather than one-off deals. For example, the company's focus on operational execution and conversations with its customers inform its fiscal 2025 guidance, which estimates consolidated net sales between $1.84 billion to $1.86 billion.

For the investment community, managing relationships with stockholders and analysts is just as important as managing OEM relationships. As of December 2025, the market capitalization for Quanex Building Products Corporation sits around $0.63 Billion USD, or $631.79 million as of December 5, 2025. Keeping investors informed involves regular communication, such as the scheduled Q4 and Full Year 2025 Earnings Conference Call on December 12, 2025. Here's a snapshot of key investor metrics around that time:

• Dedicated B2B sales and technical support for OEM partners.
• High-touch, collaborative relationship model for custom solutions.
• Long-term supply agreements with major manufacturers.
• Investor relations for a company with a market cap near $632 million.

The financial health underpinning these relationships is visible in recent reporting. For the third quarter of 2025, Quanex Building Products Corporation reported net sales of $495.3 million. The company's liquidity position as of July 31, 2025, was $337.7 million, consisting of $66.3 million in cash on hand plus facility availability. Furthermore, the company maintains a clear capital allocation priority of paying down debt, which was evidenced by a Debt Covenant Leverage Ratio of 2.4x as of July 31, 2025.

The commitment to shareholders is also shown through consistent distributions. The Board declared a quarterly cash dividend of $0.08 per share in December 2025, continuing an impressive 18-year streak of consistent payments, equating to an annual dividend of $0.32 per share, which yielded 2.34% at a stock price of $13.85. This consistent return supports the long-term view required by institutional holders.

Here are some key financial data points relevant to the investor relationship segment:

Metric	Value (As of Late 2025 Data)	Context/Date
Market Capitalization	$631.79 million	As of December 5, 2025
Estimated Fiscal 2025 Net Sales	$1.84 billion to $1.86 billion	Reaffirmed Guidance
Estimated Fiscal 2025 Adjusted EBITDA	$270 million to $280 million	Reaffirmed Guidance
Debt Covenant Leverage Ratio	2.4x	As of July 31, 2025
Quarterly Dividend Declared	$0.08 per share	December 2025

The company's focus on executing the Tyman integration and realizing cost synergies is a major talking point with analysts, as the Q1 2025 results were lifted by this contribution. You see this commitment to operational improvement reflected in the Q2 2025 Adjusted EBITDA Margin of 13.7%, up from 15.0% the prior year for the same quarter, showing the impact of integration efforts and market dynamics. Finance: draft Q4 2025 cash flow projection by next Tuesday.

Quanex Building Products Corporation (NX) - Canvas Business Model: Channels

Quanex Building Products Corporation channels center on deep collaboration with Original Equipment Manufacturers (OEMs) across several specialized building product end markets.

The distribution strategy is inherently global, supported by a manufacturing and operational structure segmented to serve distinct geographical and product areas. This structure is evident in the reported segment performance, which reflects how the company channels its products.

Here's a look at the revenue distribution across the primary segments for the three months ended July 31, 2025:

Distribution Channel Segment	Net Sales (In millions)
Tyman Segment	$190
North American Fenestration Segment	$151
North American Cabinet Components Segment	$51
European Fenestration Segment	$61

The segment-specific distribution approach means that North American and European markets are served through dedicated operational units, especially within the Fenestration area. For instance, the North American Fenestration segment reported sales of $\text{\$151 million}$ for the third quarter of fiscal 2025, while the European Fenestration segment reported $\text{\$61 million}$ in sales for the same period.

The channels deliver a range of engineered solutions, including:

• Vinyl profiles.
• Insulating glass spacers.
• Screens.
• Cabinet components.
• Engineered fenestration components.

The Tyman segment, which significantly contributes to the global reach following its acquisition in August 2024, added $\text{\$190 million}$ in sales for the third quarter of 2025.

For financial transparency and stakeholder communication, Quanex Building Products Corporation uses its dedicated investor website. You can find financial reporting, including the release of fourth quarter and full year 2025 results scheduled for December 11, 2025, at http://www.quanex.com in the Investors section under Events & Presentations.

Finance: draft 13-week cash view by Friday.

Quanex Building Products Corporation (NX) - Canvas Business Model: Customer Segments

Quanex Building Products Corporation sells engineered components primarily to original equipment manufacturers (OEMs) in the building products industry. The company's customer base is served through its operating segments, which as of late 2025 include North American Fenestration, European Fenestration, North American Cabinet Components, and Tyman. The Tyman acquisition, which closed on August 1, 2024, significantly expanded the customer base and product offerings.

The company's consolidated net sales for the trailing twelve months ending July 31, 2025, were $1.84 billion. For the third quarter ended July 31, 2025, Quanex Building Products Corporation reported consolidated net sales of $495.3 million.

The customer segments are served across the following operational groupings, with Q3 2025 net sales providing a snapshot of activity:

• Leading Original Equipment Manufacturers (OEMs) in fenestration (windows/doors).
• Manufacturers in the solar, refrigeration, and cabinetry markets.
• Commercial, residential, and industrial building access system providers.
• Extruded vinyl profile users for vinyl fencing and other applications.

The company manufactures products such as energy-efficient flexible insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products for these customers.

Here's a look at the net sales by the newly reported operating segments for the three months ended July 31, 2025, which map to the customer groups you mentioned:

Segment	Q3 2025 Net Sales (in thousands)	Customer Focus Area
Hardware Solutions	$227,100	Fenestration OEMs, Building Access Systems
Extruded Solutions	$174,400	Extruded Vinyl Profile Users, Fenestration OEMs
Custom Solutions	$102,300	Cabinetry, Solar, Specialty Components

The North American Fenestration segment was previously noted as the key revenue driver. The legacy Quanex product lines within the Hardware Solutions segment saw estimated volumes decline by 2.4% year over year for the third quarter of 2025, while pricing was up 1.9%.

For the Extruded Solutions segment, which serves users of extruded vinyl profiles, estimated volumes for the legacy product lines were down by 2.6% year over year in Q3 2025, with pricing up 0.6%. The Custom Solutions segment saw estimated volumes for legacy product lines increase by 0.8%, with price increasing by 2.2%.

The company's overall fiscal year 2025 net sales guidance, as reaffirmed and updated in September 2025, was approximately $1.82 billion.

The company repurchased 100,000 shares of common stock for approximately $2.1 million at an average price of $20.54 per share during the three months ended July 31, 2025.

Quanex Building Products Corporation competes based on price, product quality, delivery performance, and the ability to manufacture to customer specifications.

Quanex Building Products Corporation (NX) - Canvas Business Model: Cost Structure

The Cost Structure for Quanex Building Products Corporation is heavily influenced by the integration of the Tyman acquisition, leading to elevated interest and restructuring costs alongside core manufacturing expenses.

Cost of Goods Sold (COGS) for raw materials and manufacturing labor are the largest component of costs, though a direct breakdown isn't explicitly provided for 2025. We can infer the total Cost of Sales based on Gross Margin figures reported through the first three quarters of fiscal 2025.

For the nine months ended July 31, 2025, Quanex Building Products Corporation reported consolidated Net Sales of $\text{1,347.8 million}$ and a Gross Margin of $\text{361.7 million}$. This implies a total Cost of Sales (COGS) of approximately $\text{986.1 million}$ for that nine-month period ($\text{1,347.8 million} - \text{361.7 million}$).

The Gross Margin percentage has fluctuated:

• Three Months Ended April 30, 2025: 29.0%
• Three Months Ended January 31, 2025: 23.1%
• Nine Months Ended July 31, 2025: 26.8%

Significant interest expense due to high indebtedness from the Tyman acquisition is a clear cost driver. The acquisition, which closed on August 1, 2024, required significant borrowing, resulting in total debt of $\text{764.306 million}$ as of January 31, 2025.

Quarterly interest expense figures highlight this burden:

Period Ended	Interest Expense (in millions)
April 30, 2025	$\text{13.940}$
January 31, 2025	$\text{14.186}$

Integration and restructuring charges related to the Tyman merger are non-recurring but material costs incurred as Quanex Building Products Corporation integrates the acquired entity. The company announced a reorganization in November 2024 to integrate Tyman plc.

• Restructuring charges incurred for the three months ended January 31, 2025, totaled $\text{7.9 million}$.
• This $\text{7.9 million}$ charge included $\text{4.0 million}$ for workforce alignment costs (severance) and $\text{3.9 million}$ for the disposal of software no longer needed.
• The cost synergy target related to the Tyman acquisition has been increased over time to approximately $\text{45 million}$.

Regarding Capital expenditures (CapEx), the $\text{75 million}$ figure you mentioned relates to the share repurchase program authorized in 2021, not the estimated CapEx for FY2025. Capital expenditures are tracked as part of Free Cash Flow calculation. For the nine months ended July 31, 2025, Quanex Building Products Corporation reported total Capital Expenditures of $\text{76.643 million}$.

Capital Expenditures for the most recent reported quarter were:

Period Ended	Capital Expenditures (in millions)
July 31, 2025	$\text{14.452}$
January 31, 2025	$\text{11.624}$

Quanex Building Products Corporation (NX) - Canvas Business Model: Revenue Streams

You're looking at how Quanex Building Products Corporation brings in its money, which is really about what it sells and the scale of those sales as of late 2025. The revenue streams are fundamentally tied to its manufacturing segments, primarily serving the fenestration (windows and doors) and cabinet markets.

The core of the revenue generation comes from a few key product areas. These are the physical goods that go into building and finishing homes and commercial structures. Honestly, it's a direct play on construction activity, so tracking volumes is key.

• Sales of window and door components, like specialized spacers, extruded profiles, and associated hardware.
• Sales derived from custom-mixed polymers and components supplied to the cabinet industry.

The company reaffirms its expectations for the full fiscal year 2025, though the latest update shows a slight adjustment. Based on the September 4, 2025, announcement, Quanex Building Products Corporation now estimates it will generate full-year 2025 net sales of approximately $1.82 billion.

To give you a clearer picture of the financial scale and recent performance points, here's a quick look at the numbers we have as of the third quarter update:

Metric	Value	Date/Period
Full-Year 2025 Net Sales Guidance (Latest)	$1.82 billion	As of September 4, 2025
Full-Year 2025 Net Sales Guidance (Prior Reaffirmation)	$1.84 billion to $1.86 billion	As of June 5, 2025
Revenue (TTM)	$1.83 Billion USD	Latest TTM
Net Sales (Q3 2025)	$495.3 million	Three months ended July 31, 2025
Net Sales (Q2 2025)	$452.5 million	Three months ended April 30, 2025

The European Fenestration segment is an important driver, especially when North American volumes might be softer. It was definitely encouraging for management to report volume growth in this segment during the second quarter of 2025. This geographic diversification helps smooth out the revenue profile, which is a smart defintely way to manage risk.

The growth in sales is heavily influenced by the Tyman acquisition, which closed in August 2024. Excluding the contribution from Tyman, net sales for the three months ended July 31, 2025, would have only increased by 1.4%, driven by pricing increases offsetting lower volumes. This shows how much of the current revenue base is tied to the integration success.

• European Fenestration segment experienced volume growth in Q2 2025.
• North American Fenestration segment saw net sales decrease by 5.5% in Q2 2025.
• North American Cabinet Components segment saw a marginal increase in Q2 2025.

Finance: draft 13-week cash view by Friday.