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Why Quanex Building Products Stock Is Climbing Today

TheMotleyFool

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Why Quanex Building Products Stock Is Climbing Today: https://g.foolcdn.com/editorial/images/789923/electric-wiring-getty.jpg

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