Quanex FY26 Q3 net income swings to profit at $26.5 million; net sales rise 1.3% to $501.8 million - NX News | RalliesQuanex FY26 Q3 net income swings to profit at $26.5 million; net sales rise 1.3% to $501.8 million
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NX• Balance sheet and liquidity
- Debt repayments totaled USD 42.25 million; liquidity climbed 10.5% to USD 363.1 million, with USD 62.1 million cash on hand.
Quarterly profit and sales growth
- Quanex posted GAAP net income of USD 26.5 million in 3Q 2026, swinging from a GAAP net loss a year earlier.
- Net sales rose 1.3% to USD 501.8 million, as pricing gains partly offset IEEPA tariff reimbursements to customers.
Margins and adjusted EBITDA improve
- GAAP gross margin expanded 0.3 percentage points to 28.2%, reflecting progress addressing the prior quarter’s price-versus-cost imbalance.
- Adjusted EBITDA increased 3.4% to USD 72.7 million, lifting margin 0.3 percentage points to 14.5%.
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