Quanex Appoints Chad Collins as President of Hardware Solutions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 06 2026
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Source: Newsfilter
- Leadership Change: Quanex Building Products Corporation announced that Chad Collins will take over as President of Hardware Solutions on April 6, 2026, succeeding Bob Daniels, who will retire at the end of 2026 after over 35 years with the company, marking a significant leadership transition.
- Extensive Experience: Collins brings over 20 years of global leadership experience from senior roles at companies like OTC Industrial Technologies and Haydon Corporation, where he successfully drove commercial and operational transformations, enhancing profitability and customer experience, which is expected to inject new growth momentum into Quanex.
- Strategic Focus: In his new role, Collins will lead the strategic and operational direction of Hardware Solutions, focusing on growth, innovation, and delivering long-term value for customers and shareholders, indicating the company's commitment to future development.
- Transition Support: Bob Daniels will assist Collins during the leadership transition until the end of May 2026 and will remain engaged with the business throughout the year, ensuring a smooth leadership handover that reflects the company's commitment to its employees and customers.
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Analyst Views on NX
Wall Street analysts forecast NX stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 20.970
Low
28.00
Averages
28.00
High
28.00
Current: 20.970
Low
28.00
Averages
28.00
High
28.00
About NX
Quanex Building Products Corporation is a global manufacturer with core capabilities and broad applications across various end markets. The Company collaborates and partners with original equipment manufacturers (OEMs) to provide solutions in the window, door, vinyl fencing, solar, refrigeration and cabinetry markets. Its segments include Hardware Solutions, Extruded Solutions and Custom Solutions. Hardware Solutions segment manufactures engineered window and door hardware, screens, and other fenestration components primarily serving the residential and light-commercial building markets. Extruded Solutions segment manufactures insulating-glass spacers, vinyl and composite profiles, and sealing solutions used in the fabrication of windows, doors, conservatories, roofs, and related building applications. Custom Solutions segment delivers a range of engineered product solutions across wood, metal, and elastomeric materials that serve residential, commercial, and industrial end markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Quanex Appoints Chad Collins as President of Hardware Solutions
- Leadership Change: Quanex Building Products Corporation announced that Chad Collins will take over as President of Hardware Solutions on April 6, 2026, succeeding Bob Daniels, who will retire at the end of 2026 after over 35 years with the company, marking a significant leadership transition.
- Extensive Experience: Collins brings over 20 years of global leadership experience from senior roles at companies like OTC Industrial Technologies and Haydon Corporation, where he successfully drove commercial and operational transformations, enhancing profitability and customer experience, which is expected to inject new growth momentum into Quanex.
- Strategic Focus: In his new role, Collins will lead the strategic and operational direction of Hardware Solutions, focusing on growth, innovation, and delivering long-term value for customers and shareholders, indicating the company's commitment to future development.
- Transition Support: Bob Daniels will assist Collins during the leadership transition until the end of May 2026 and will remain engaged with the business throughout the year, ensuring a smooth leadership handover that reflects the company's commitment to its employees and customers.
See More
Angelo Gordon Acquires Shares in Quanex Building Products
- New Investment Disclosure: Angelo Gordon acquired 2,054,770 shares of Quanex Building Products in Q4 2025, totaling $31.60 million, indicating confidence in the building products market.
- Asset Management Proportion: The acquired shares represent approximately 3% of Angelo Gordon's 13F reportable assets, reflecting a strategic positioning within a diversified portfolio aimed at capitalizing on housing market recovery opportunities.
- Financial Performance Analysis: Quanex reported approximately $409.1 million in revenue in its latest earnings report, despite a net loss of $4.1 million and negative $31.5 million in free cash flow, demonstrating its ability to generate substantial cash flow amid uneven housing demand.
- Market Reaction: Since the end of the quarter, Quanex's stock has risen about 15%, while the S&P 500 has declined roughly 1%, indicating that Angelo Gordon's investment strategy has yielded positive results in the current market environment.
See More
Angelo Gordon Initiates Position in Quanex Building Products
- New Position: Angelo Gordon acquired 2,054,770 shares of Quanex Building Products for $31.60 million during Q4 2025, reflecting confidence in the company's growth potential.
- Asset Allocation: This acquisition represents 2.98% of Angelo Gordon's reportable 13F assets, indicating its increasing significance within the investment portfolio.
- Market Performance: As of February 17, 2026, Quanex's stock price stood at $22.11, having declined 4.5% over the past year, yet showing a 15% increase year-to-date, suggesting market recognition of its potential.
- Financial Status: Despite facing high inflation and interest rate pressures, Quanex reported approximately $409.1 million in revenue for the latest quarter, with the CEO emphasizing cost-cutting and debt repayment strategies to navigate current market challenges.
See More
Angelo Gordon Initiates $31.6 Million Position in Quanex Building Products
- New Position: Angelo Gordon acquired 2,054,770 shares of Quanex Building Products during Q4 2025, totaling $31.6 million, indicating confidence in the company's growth potential despite current challenges.
- Holding Proportion: This acquisition represents 2.98% of Angelo Gordon's reportable 13F assets, reflecting a bullish outlook on the building products market, even as the company faces profitability pressures.
- Financial Performance: Quanex reported $409.1 million in revenue for the latest quarter, alongside a $4.1 million net loss and negative $31.5 million in free cash flow, highlighting cash generation amidst uneven housing demand.
- Market Reaction: Since the end of the quarter, Quanex's stock has risen approximately 15%, contrasting with a 1% decline in the S&P 500, suggesting optimistic market sentiment regarding its future performance.
See More
Quanex Building Products Q1 2026 Earnings Call Insights
- Financial Performance Overview: Quanex reported net sales of $409.1 million in Q1 2026, reflecting a 2.3% year-over-year increase; however, the company faced a net loss of $4.1 million or $0.09 per diluted share due to macroeconomic uncertainties and low consumer confidence, indicating a stable performance amidst challenges.
- Market Environment Challenges: Management noted that market conditions remain soft, impacted by seasonality, global macroeconomic pressures, and weak consumer confidence, while inflationary pressures have moderated, rising energy prices and geopolitical tensions continue to create a cautious consumer environment.
- Strategic Development Direction: The company is forming new commercial and operational excellence teams focused on new market development, global pricing strategies, and logistics projects to drive savings and ongoing ERP rationalization, demonstrating its commitment to seeking growth in an uncertain environment.
- Future Outlook: Management expects fiscal 2026 net sales to range between $1.84 billion and $1.87 billion, with adjusted EBITDA projected at approximately $240 million to $245 million; despite macroeconomic challenges, there is optimism about demand improvements, with plans to drive long-term shareholder value through new market opportunities and product innovation.
See More
Quanex (NX) Q1 2026 Earnings Call Transcript
See More
Quanex Appoints Chad Collins as President of Hardware Solutions
- Leadership Change: Quanex Building Products Corporation announced that Chad Collins will take over as President of Hardware Solutions on April 6, 2026, succeeding Bob Daniels, who will retire at the end of 2026 after over 35 years with the company, marking a significant leadership transition.
- Extensive Experience: Collins brings over 20 years of global leadership experience from senior roles at companies like OTC Industrial Technologies and Haydon Corporation, where he successfully drove commercial and operational transformations, enhancing profitability and customer experience, which is expected to inject new growth momentum into Quanex.
- Strategic Focus: In his new role, Collins will lead the strategic and operational direction of Hardware Solutions, focusing on growth, innovation, and delivering long-term value for customers and shareholders, indicating the company's commitment to future development.
- Transition Support: Bob Daniels will assist Collins during the leadership transition until the end of May 2026 and will remain engaged with the business throughout the year, ensuring a smooth leadership handover that reflects the company's commitment to its employees and customers.
See More
Angelo Gordon Acquires Shares in Quanex Building Products
- New Investment Disclosure: Angelo Gordon acquired 2,054,770 shares of Quanex Building Products in Q4 2025, totaling $31.60 million, indicating confidence in the building products market.
- Asset Management Proportion: The acquired shares represent approximately 3% of Angelo Gordon's 13F reportable assets, reflecting a strategic positioning within a diversified portfolio aimed at capitalizing on housing market recovery opportunities.
- Financial Performance Analysis: Quanex reported approximately $409.1 million in revenue in its latest earnings report, despite a net loss of $4.1 million and negative $31.5 million in free cash flow, demonstrating its ability to generate substantial cash flow amid uneven housing demand.
- Market Reaction: Since the end of the quarter, Quanex's stock has risen about 15%, while the S&P 500 has declined roughly 1%, indicating that Angelo Gordon's investment strategy has yielded positive results in the current market environment.
See More
Angelo Gordon Initiates Position in Quanex Building Products
- New Position: Angelo Gordon acquired 2,054,770 shares of Quanex Building Products for $31.60 million during Q4 2025, reflecting confidence in the company's growth potential.
- Asset Allocation: This acquisition represents 2.98% of Angelo Gordon's reportable 13F assets, indicating its increasing significance within the investment portfolio.
- Market Performance: As of February 17, 2026, Quanex's stock price stood at $22.11, having declined 4.5% over the past year, yet showing a 15% increase year-to-date, suggesting market recognition of its potential.
- Financial Status: Despite facing high inflation and interest rate pressures, Quanex reported approximately $409.1 million in revenue for the latest quarter, with the CEO emphasizing cost-cutting and debt repayment strategies to navigate current market challenges.
See More
Angelo Gordon Initiates $31.6 Million Position in Quanex Building Products
- New Position: Angelo Gordon acquired 2,054,770 shares of Quanex Building Products during Q4 2025, totaling $31.6 million, indicating confidence in the company's growth potential despite current challenges.
- Holding Proportion: This acquisition represents 2.98% of Angelo Gordon's reportable 13F assets, reflecting a bullish outlook on the building products market, even as the company faces profitability pressures.
- Financial Performance: Quanex reported $409.1 million in revenue for the latest quarter, alongside a $4.1 million net loss and negative $31.5 million in free cash flow, highlighting cash generation amidst uneven housing demand.
- Market Reaction: Since the end of the quarter, Quanex's stock has risen approximately 15%, contrasting with a 1% decline in the S&P 500, suggesting optimistic market sentiment regarding its future performance.
See More
Quanex Building Products Q1 2026 Earnings Call Insights
- Financial Performance Overview: Quanex reported net sales of $409.1 million in Q1 2026, reflecting a 2.3% year-over-year increase; however, the company faced a net loss of $4.1 million or $0.09 per diluted share due to macroeconomic uncertainties and low consumer confidence, indicating a stable performance amidst challenges.
- Market Environment Challenges: Management noted that market conditions remain soft, impacted by seasonality, global macroeconomic pressures, and weak consumer confidence, while inflationary pressures have moderated, rising energy prices and geopolitical tensions continue to create a cautious consumer environment.
- Strategic Development Direction: The company is forming new commercial and operational excellence teams focused on new market development, global pricing strategies, and logistics projects to drive savings and ongoing ERP rationalization, demonstrating its commitment to seeking growth in an uncertain environment.
- Future Outlook: Management expects fiscal 2026 net sales to range between $1.84 billion and $1.87 billion, with adjusted EBITDA projected at approximately $240 million to $245 million; despite macroeconomic challenges, there is optimism about demand improvements, with plans to drive long-term shareholder value through new market opportunities and product innovation.
See More
Quanex (NX) Q1 2026 Earnings Call Transcript
See More
