Why Quanex Stock Skyrocketed by 22% on Friday

Quanex Building Products stock surged 22% on Friday following a strong fiscal third-quarter earnings report. The company reported net sales of $501.8 million (up 1% YoY) and adjusted net income of $36 million or $0.79 per share, significantly beating analyst expectations of $0.65 per share. Revenue slightly exceeded consensus estimates of $498.4 million. Growth was driven by favorable pricing developments and lower depreciation/amortization costs, despite tariff reimbursements to clients and challenging market conditions.