When was this $75 million repurchase program authorized?

Quanex's Board authorized the $75 million share repurchase program in December 2021. As of July 31, 2026, approximately $28.7 million remained available under this authorization.

How many shares did Quanex repurchase in Q3 2026 and at what price?

The company repurchased 99,786 shares during the three months ended July 31, 2026, at an average price of $17.10 per share, for a total investment of approximately $1.7 million.

How does the repurchase program fit into Quanex's capital allocation strategy?

Management stated the company will 'prioritize repaying debt and opportunistically repurchasing our shares' as it generates cash. In Q3 2026, Quanex repaid $42.25 million of debt while also buying back shares, reflecting a balanced approach to shareholder returns and balance-sheet strength.

What was Quanex's share count and leverage position in Q3 2026?

As of July 31, 2026, the company had approximately 45.5 million diluted shares outstanding and total debt of $672.2 million. The leverage ratio was 2.8x Net Debt to LTM Adjusted EBITDA, indicating moderate leverage levels.

NX 8-K Filed 2026-09-03 Execution disclosure

Quanex Building Products continues $75M buyback; repurchased 99,786 shares in Q3

Open-market repurchases at $17.10 average price; $28.7M authorization remaining as of July 31, 2026

Shares repurchased100K

Avg price paid$17.10

Remaining$29M

MechanismOpen-market purchases and priv

What the filing says

Quanex Building Products Corporation (NYSE: NX) executed open-market share repurchases under its existing $75 million authorization originally approved by the Board in December 2021. During the three months ended July 31, 2026, the company repurchased 99,786 shares of common stock at an average price of $17.10 per share, for a total outlay of approximately $1.7 million.

The company operates the repurchase program through open market transactions or privately negotiated transactions, subject to market conditions, applicable legal requirements, and other relevant factors. As of July 31, 2026, approximately $28.7 million remained under the existing authorization. Management stated the company "will continue to prioritize repaying debt and opportunistically repurchasing our shares as we generate cash in the fourth quarter of 2026."

The repurchases were executed during a period in which Quanex reported improved financial performance, including net sales growth of 1.3% to $501.8 million in Q3 2026 and operating income of $46.5 million, compared to a $270.8 million operating loss in the prior-year quarter. The company also repaid $42.25 million of debt during the quarter while managing working capital.

Quanex's Board authorized a $75 million share repurchase program in December of 2021. The Company repurchased 99,786 shares of common stock for approximately $1.7 million at an average price of $17.10 per share during the three months ended July 31, 2026. As of July 31, 2026, approximately $28.7 million remained under the existing share repurchase authorization. — Quanex Building Products CORP 8-K filing · View on SEC EDGAR →

What this means

This execution represents modest activity under a five-year-old authorization. With $28.7 million remaining out of the original $75 million program, the company has deployed approximately $46.3 million cumulatively since December 2021. The Q3 repurchase of roughly 99,800 shares represents a small reduction in share count—the company had 45.5 million diluted shares outstanding in Q3 2026. Management's stated commitment to "opportunistically" repurchase shares suggests capital allocation will remain flexible, balanced against debt reduction (the company carried $672.2 million in total debt as of July 31, 2026, at a leverage ratio of 2.8x Net Debt to LTM Adjusted EBITDA) and operational reinvestment.

Frequently asked questions

When was this $75 million repurchase program authorized?: Quanex's Board authorized the $75 million share repurchase program in December 2021. As of July 31, 2026, approximately $28.7 million remained available under this authorization.
How many shares did Quanex repurchase in Q3 2026 and at what price?: The company repurchased 99,786 shares during the three months ended July 31, 2026, at an average price of $17.10 per share, for a total investment of approximately $1.7 million.
What execution mechanism does Quanex use for share repurchases?: Repurchases are made in open market transactions or privately negotiated transactions, subject to market conditions, applicable legal requirements, and other relevant factors. The filing does not specify a Rule 10b-18 safe-harbor plan or an Accelerated Share Repurchase agreement.
How does the repurchase program fit into Quanex's capital allocation strategy?: Management stated the company will 'prioritize repaying debt and opportunistically repurchasing our shares' as it generates cash. In Q3 2026, Quanex repaid $42.25 million of debt while also buying back shares, reflecting a balanced approach to shareholder returns and balance-sheet strength.
What was Quanex's share count and leverage position in Q3 2026?: As of July 31, 2026, the company had approximately 45.5 million diluted shares outstanding and total debt of $672.2 million. The leverage ratio was 2.8x Net Debt to LTM Adjusted EBITDA, indicating moderate leverage levels.

execution open-market purchases industrials mid-cap Q3 2026 debt-funded

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.