NXQuanex Building Products CORP

Rolling Drawing & Extruding Of Nonferrous Metals

Revenue: $1.8B; 44% YoY
Operating margin: -10.6%; 346% YoY
EBITDA: −$91M; 179% YoY
Market cap: $947M
Employees: 7,071; $260K revenue each
Net debt / EBITDA: —; $642M net debt
AI in 10-K: 0.2; mentions per 10K words

Takeover score 4 of 13

Fixable underperformance 0 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
—
Cash flow under 80% of net income
Dilutive SBCNo
0% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
29% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
14% of assets
Over 40% of assets
Shareholder dissentNo
98% lowest support
Any vote under 80% support

Buyer economics 3 of 4

Low revenue per employeeYes
$260K · 8th pct
Bottom quartile of its SIC industry
Quiet on AIYes
0.2 per 10K words · 12th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
—
More cash than debt, positive EBITDA
Buyout-sizedYes
$947M market cap
Market cap $500M–$5B

Catalysts 1 of 2

Active 13DYes
2 filings
Active-intent 13D in 18 months
Net insider sellingNo
−$3M net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$1.1B	$1.2B	$1.1B	$1.3B	$1.8B	44%
Operating income	$82M	$111M	$111M	$55M	−$194M	454%
Net income	$57M	$88M	$83M	$33M	−$251M	859%
Operating cash flow	$79M	$98M	$147M	$89M	$165M	86%
Capex	$24M	$33M	$37M	$37M	$63M	69%
Stock-based comp	$2M	$2M	$3M	$3M	$4M	25%
Buybacks	$11M	$7M	$6M	$0	$32M
Dividends	$11M	$11M	$11M	$12M	$15M	24%

Deal filings

Filed	Form	Acquirer	Price	Premium
Jun 6, 2024	DEFM14A	—	$32.15	384%
May 17, 2024	PREM14A	—	$240.00	400%

13D filers

Filed	Filer	Form	Stake	Intent
Oct 26, 2026	Teleios Capital Partners GmbH	SCHEDULE 13D/A	26.2%	Active
Jun 18, 2025	Teleios Capital Partners GmbH	SCHEDULE 13D/A	29.3%	Active
Aug 2, 2024	Teleios Capital Partners GmbH	SC 13D	9.8%	Active

Insider trading

Open-market buys, 12 mo: $0 · 0
Open-market sells, 12 mo: $3M · 2
Net: −$3M

Pay vs performance

No pay-versus-performance disclosure yet.