Why Quanex Building Products Stock Is Climbing Today
Quanex Building Products (NYSE: NX) 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.
Quanex manufactures a wide range of building materials, including windows, doors, vinyl fencing, refrigeration, and cabinetry. Last month, the company closed a $1.1 billion acquisition of Tyman in the U.K. to increase its geographic diversification and add expertise in new product lines.
Source Fool.com