European Market Value Stock Picks For Estimated Capital Growth
As the European markets experience a positive shift, with major indices like Germany's DAX and France's CAC 40 seeing gains due to improved sentiment from the U.S.-China trade de-escalation, investors are increasingly eyeing opportunities for growth. In this environment, identifying undervalued stocks becomes crucial as these equities may offer potential for capital appreciation by trading below their intrinsic value amidst broader economic improvements.
Name
Current Price
Fair Value (Est)
Discount (Est)
Airbus (ENXTPA:AIR)
€161.90
€321.90
49.7%
Alfio Bardolla Training Group (BIT:ABTG)
€1.92
€3.71
48.3%
Absolent Air Care Group (OM:ABSO)
SEK215.00
SEK417.40
48.5%
Boreo Oyj (HLSE:BOREO)
€15.70
€31.03
49.4%
Ion Beam Applications (ENXTBR:IBAB)
€11.18
€21.64
48.3%
Claranova (ENXTPA:CLA)
€2.76
€5.42
49.1%
Lumibird (ENXTPA:LBIRD)
€12.10
€23.62
48.8%
Hybrid Software Group (ENXTBR:HYSG)
€3.42
€6.66
48.6%
Longino & Cardenal (BIT:LON)
€1.45
€2.86
49.2%
HBX Group International (BME:HBX)
€10.04
€19.48
48.5%
Click here to see the full list of 176 stocks from our Undervalued European Stocks Based On Cash Flows screener.
Let's dive into some prime choices out of the screener.
Overview: illimity Bank S.p.A. operates in Italy, offering private banking and investment and trading services, with a market cap of €315.95 million.
Operations: illimity Bank S.p.A.'s revenue is derived from its operations in private banking and investment and trading services within Italy.
Estimated Discount To Fair Value: 47.7%
illimity Bank is trading at €3.81, significantly below its estimated fair value of €7.28, indicating a strong valuation case based on discounted cash flows. Despite a high level of bad loans (13.9%) and low allowance for them (30%), the bank's revenue is projected to grow 24.3% annually, outpacing the Italian market's growth rate. However, recent earnings showed a decline in net income to €0.261 million from €10.75 million year-over-year, highlighting potential short-term challenges amidst long-term growth prospects.
The growth report we've compiled suggests that illimity Bank's future prospects could be on the up.
Navigate through the intricacies of illimity Bank with our comprehensive financial health report here.
Overview: Airbus SE, along with its subsidiaries, is involved in the design, manufacture, and delivery of aeronautics and aerospace products, services, and solutions globally with a market cap of €127.47 billion.
Operations: The company's revenue is primarily derived from its Airbus segment at €51 billion, followed by Airbus Defence and Space at €12.34 billion, and Airbus Helicopters at €8.08 billion.
Estimated Discount To Fair Value: 49.7%
Airbus is trading at €161.90, significantly below its estimated fair value of €321.90, highlighting potential undervaluation based on discounted cash flows. The company's earnings have grown 38.5% annually over the past five years and are forecast to grow at 16.67% per year, outpacing the French market's growth rate of 12%. Recent collaborations with entities like Wiser Technology for ESA projects enhance Airbus's strategic positioning in aerospace innovation and digital infrastructure development.
The analysis detailed in our Airbus growth report hints at robust future financial performance.
Click here and access our complete balance sheet health report to understand the dynamics of Airbus.
Overview: NCAB Group AB (publ) is involved in the manufacture and sale of printed circuit boards (PCBs) across Sweden, the Nordic region, the rest of Europe, North America, and Asia with a market cap of SEK8.47 billion.
Operations: The company's revenue is segmented into East (SEK225 million), Europe (SEK1.77 billion), Nordic (SEK830 million), and North America (SEK797 million).
Estimated Discount To Fair Value: 31.7%
NCAB Group, trading at SEK45.28, is significantly undervalued based on discounted cash flow analysis with a fair value estimate of SEK66.32. Despite high volatility and reduced profit margins from 9.5% to 6%, its earnings are projected to grow at 28.3% annually, surpassing Swedish market expectations of 16.3%. Recent board changes and dividend suspension may impact investor sentiment but do not detract from the company's strong growth potential in earnings relative to the market.
Our comprehensive growth report raises the possibility that NCAB Group is poised for substantial financial growth.
Click here to discover the nuances of NCAB Group with our detailed financial health report.
Click this link to deep-dive into the 176 companies within our Undervalued European Stocks Based On Cash Flows screener.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include BIT:ILTY ENXTPA:AIR and OM:NCAB.
This article was originally published by Simply Wall St.
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As of April 30, 2025, the Company's LTM Net Income was $17.1 million and LTM Adjusted EBITDA was $223.5 million (See Non-GAAP Terminology Definitions and Disclaimers section, Net Debt Reconciliation table and Last Twelve Months Adjusted EBITDA Reconciliation table for additional information) The leverage ratio for Quanex's quarterly debt covenant compliance ('Debt Covenant Leverage Ratio') for its lenders was 2.7x as of April 30, 2025. The Debt Covenant Leverage Ratio calculation is defined in the Company's Amendment No. 1 to its Second Amended and Restated Credit Agreement ('Credit Agreement'), which was filed with the SEC on June 12, 2024. 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Quanex's liquidity was $289.0 million as of April 30, 2025, consisting of $62.6 million in cash on hand plus availability under its Senior Secured Revolving Credit Facility due 2029, less letters of credit outstanding. Share Repurchases Quanex's Board authorized a $75 million share repurchase program in December of 2021. Repurchases under this program will be made in open market transactions or privately negotiated transactions, subject to market conditions, applicable legal requirements, and other relevant factors. The Company repurchased 1,259,407 shares of common stock for approximately $23.5 million at an average price of $18.66 per share during the three months ended April 30, 2025. As of April 30, 2025, approximately $35.6 million remained under the existing share repurchase authorization. Outlook Mr. Wilson stated, 'Based on our results year-to-date, combined with our operational execution, cost synergy realization, recent demand trends, and conversations with our customers, we are once again reaffirming our guidance for fiscal 2025. On a consolidated basis for fiscal 2025, we continue to estimate that we will generate net sales of approximately $1.84 billion to $1.86 billion, which we expect will yield Adjusted EBITDA* of $270 million to $280 million. 'The finance and accounting teams continue to work with our external auditors on re-segmenting the business and our goal is to report in the new operating segments this year.' *When Quanex provides expectations for Adjusted EBITDA on a forward-looking basis, a reconciliation of the differences between the non-GAAP expectations and corresponding GAAP measures is generally not available without unreasonable effort. Certain items required for such a reconciliation are outside of the Company's control and/or cannot be reasonably predicted or estimated, such as the provision for income taxes related to net income. Conference Call and Webcast Information The Company has also scheduled a conference call for Friday, June 6, 2025 at 11:00 a.m. ET (10:00 a.m. CT) to discuss the release. A link to the live audio webcast will be available on Quanex's website at in the Investors section under Presentations & Events. Participants can pre-register for the conference call using the following link: Registered participants will receive an email containing conference call details for dial-in options. To avoid delays, it is recommended that participants dial into the conference call ten minutes ahead of the scheduled start time. A replay will be available for a limited time on the Company's website at in the Investors section under Presentations & Events. About Quanex Quanex is a global manufacturer with core capabilities and broad applications across various end markets. The Company currently collaborates and partners with leading OEMs to provide innovative solutions in the window, door, solar, refrigeration, custom mixing, building access and cabinetry markets. Looking ahead, Quanex plans to leverage its material science expertise and process engineering to expand into adjacent markets. Non-GAAP Terminology Definitions and Disclaimers Adjusted Net Income (defined as net income further adjusted to exclude amortization of step-up for purchase price adjustments on inventory, transaction, advisory fees and reorganization costs, restructuring charges related to severance and disposal of software, amortization expense related to intangible assets, pension settlement refund and other net adjustments related to foreign currency transaction gain/loss and effective tax rates reflecting impacts of adjustments on a with and without basis) and Adjusted EPS are non-GAAP financial measures that Quanex believes provide a consistent basis for comparison between periods and more accurately reflects operational performance, as they are not influenced by certain income or expense items not affecting ongoing operations. EBITDA (defined as net income or loss before interest, taxes, depreciation and amortization and other, net), Adjusted EBITDA and LTM Adjusted EBITDA (defined as EBITDA further adjusted to exclude purchase price accounting inventory step-ups, transaction costs, certain severance charges, gain/loss on the sale of certain fixed assets, restructuring charges and asset impairment charges) are non-GAAP financial measures that the Company uses to measure operational performance and assist with financial decision-making. Net Debt is defined as total debt (outstanding balance on the revolving credit facility plus financial lease obligations) less cash and cash equivalents. The leverage ratio of Net Debt to LTM Adjusted EBITDA is a financial measure that the Company believes is useful to investors and financial analysts in evaluating Quanex's leverage. In addition, with certain limited adjustments, this leverage ratio is the basis for a key covenant in the Company's credit agreement. Free Cash Flow is a non-GAAP measure calculated using cash provided by operating activities less capital expenditures. Quanex uses the Free Cash Flow metric to measure operational and cash management performance and assist with financial decision-making. Free Cash Flow is measured before application of certain contractual commitments (including capital lease obligations), and accordingly is not a true measure of the Company's residual cash flow available for discretionary expenditures. Quanex believes Free Cash Flow is useful to investors in understanding and evaluating the Company's financial and cash management performance. Quanex believes that the presented non-GAAP measures provide a consistent basis for comparison between periods and will assist investors in understanding the Company's financial performance when comparing results to other investment opportunities. The presented non-GAAP measures may not be the same as those used by other companies. Quanex does not intend for this information to be considered in isolation or as a substitute for other measures prepared in accordance with U.S. GAAP. Forward Looking Statements Statements that use the words 'estimated,' 'expect,' 'could,' 'should,' 'believe,' 'will,' 'might,' or similar words reflecting future expectations or beliefs are forward-looking statements. The forward-looking statements include, but are not limited to, the following: impacts from public health issues (including pandemics) on the economy and the demand for Quanex's products, timing estimates or any other expectations related to the acquisition of Tyman, the Company's future operating results, future financial condition, future uses of cash and other expenditures, expenses and tax rates, expectations relating to Quanex's industry, and the Company's future growth, including any guidance discussed in this press release. The statements and guidance set forth in this release are based on current expectations. Actual results or events may differ materially from this release. For a complete discussion of factors that may affect Quanex's future performance, please refer to the Company's Annual Report on Form 10-K for the fiscal year ended October 31, 2024, and the Company's Quarterly Reports on Form 10-Q under the sections entitled 'Cautionary Note Regarding Forward-Looking Statements' and 'Risk Factors'. Any forward-looking statements in this press release are made as of the date hereof, and Quanex undertakes no obligation to update or revise any forward-looking statements to reflect new information or events. CONDENSED CONSOLIDATED STATEMENTS OF INCOME(In thousands, except per share data)(Unaudited) Three Months Ended April 30, Six Months Ended April 30, 2025 2024 2025 2024 Net sales $ 452,478 $ 266,201 $ 852,522 $ 505,356 Cost of sales 321,096 199,963 628,824 387,686 Selling, general and administrative 70,333 34,707 136,983 67,070 Restructuring charges 936 - 8,840 - Depreciation and amortization 19,192 10,894 43,932 22,046 Operating income 40,921 20,637 33,943 28,554 Interest expense (13,940 ) (950 ) (28,126 ) (2,018 ) Other, net (159 ) 4 1,070 1,046 Income before income taxes 26,822 19,691 6,887 27,582 Income tax expense (6,307 ) (4,314 ) (1,257 ) (5,956 ) Net income $ 20,515 $ 15,377 $ 5,630 $ 21,626 Earnings per common share, basic $ 0.44 $ 0.47 $ 0.12 $ 0.66 Earnings per common share, diluted $ 0.44 $ 0.46 $ 0.12 $ 0.65 Weighted average common shares outstanding: Basic 46,483 32,870 46,753 32,847 Diluted 46,563 33,103 46,868 33,076 Cash dividends per share $ 0.08 $ 0.08 $ 0.16 $ 0.16 QUANEX BUILDING PRODUCTS CORPORATIONCONDENSED CONSOLIDATED BALANCE SHEETS(In thousands)(Unaudited) April 30, 2025 October 31, 2024 ASSETS Current assets: Cash and cash equivalents $ 62,626 $ 97,744 Restricted Cash 2,171 5,251 Accounts receivable, net 195,264 197,689 Inventories 279,482 275,550 Income taxes receivable 6,108 5,937 Prepaid and other current assets 42,825 29,097 Total current assets 588,476 611,268 Property, plant and equipment, net 417,104 402,466 Operating lease right-of-use assets 149,322 126,715 Deferred tax assets 4,049 3,845 Goodwill 579,110 574,711 Intangible assets, net 567,148 597,909 Other assets 3,057 2,874 Total assets $ 2,308,266 $ 2,319,788 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 112,484 $ 124,404 Accrued liabilities 91,573 103,623 Income taxes payable - 6,620 Current maturities of long-term debt 26,124 25,745 Current operating lease liabilities 14,184 12,475 Total current liabilities 244,365 272,867 Long-term debt 746,387 737,198 Noncurrent operating lease liabilities 139,955 117,560 Deferred income taxes 163,591 162,304 Other liabilities 12,305 19,113 Total liabilities 1,306,603 1,309,042 Stockholders' equity: Common stock 512 513 Additional paid-in-capital 698,238 701,008 Retained earnings 428,483 430,405 Accumulated other comprehensive loss (27,034 ) (46,428 ) Treasury stock at cost (98,536 ) (74,752 ) Total stockholders' equity 1,001,663 1,010,746 Total liabilities and stockholders' equity $ 2,308,266 $ 2,319,788 QUANEX BUILDING PRODUCTS CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW(In thousands)(Unaudited) Six Months Ended April 30, 2025 2024 Operating activities: Net income $ 5,630 $ 21,626 Adjustments to reconcile net income to cash provided by operating activities: Depreciation and amortization 43,932 22,046 Stock-based compensation 1,825 1,365 Deferred income tax 1,250 (155 ) Other, net 7,243 162 Changes in assets and liabilities: Decrease in accounts receivable 5,322 10,832 Increase in inventory (1,333 ) (3,008 ) Increase in other current assets (7,828 ) (1,124 ) Decrease in accounts payable (14,771 ) (12,619 ) Decrease in accrued liabilities (14,048 ) (4,602 ) (Decrease) increase in income taxes receivable (5,471 ) 1,856 (Decrease) increase in other long-term liabilities (6,268 ) 9 Other, net 504 557 Cash provided by operating activities 15,987 36,945 Investing activities: Capital expenditures (26,544 ) (17,183 ) Proceeds from disposition of capital assets 376 93 Cash used for investing activities (26,168 ) (17,090 ) Financing activities: Borrowings under credit facilities 125,000 - Repayments of credit facility borrowings (117,500 ) (15,000 ) Repayments of other long-term debt (1,888 ) (954 ) Common stock dividends paid (7,552 ) (5,294 ) Issuance of common stock 214 554 Payroll tax paid to settle shares forfeited upon vesting of stock (1,400 ) (1,193 ) Purchase of treasury stock (27,194 ) - Cash used for financing activities (30,320 ) (21,887 ) Effect of exchange rate changes on cash and cash equivalents 2,303 (293 ) Decrease in cash, cash equivalents and restricted cash (38,198 ) (2,325 ) Cash, cash equivalents and restricted cash at beginning of period 102,995 58,474 Cash, cash equivalents and restricted cash at end of period $ 64,797 $ 56,149 QUANEX BUILDING PRODUCTS CORPORATIONFREE CASH FLOW AND NET DEBT RECONCILIATION(In thousands)(Unaudited) The following table reconciles the Company's calculation of Free Cash Flow, a non-GAAP measure, to its most directly comparable GAAP measure. The Company defines Free Cash Flow as cash provided by operating activities less capital expenditures. Three Months Ended April 30, Six Months Ended April 30, 2025 2024 2025 2024 Cash provided by operating activities $28,497 $33,091 $15,987 $36,945 Capital expenditures (14,920) (7,603) (26,544) (17,183) Free Cash Flow $13,577 $25,488 ($10,557) $19,762 The following table reconciles the Company's Net Debt which is defined as total debt principal of the Company plus finance lease obligations minus cash. As of April 30, 2025 2024 Term loan facility $481,205 $0 Revolving credit facility 242,500 - Finance lease obligations (1) 61,272 55,217 Total debt (2) 784,977 55,217 Less: Cash and cash equivalents 62,626 56,149 Net Debt $722,351 ($932) (1) Includes $57.4 million and $51.0 million in real estate lease liabilities considered finance leases under U.S. GAAP as of April 30 2025 and 2024, respectively. (2) Excludes outstanding letters of credit. QUANEX BUILDING PRODUCTS CORPORATIONNON-GAAP FINANCIAL MEASURE DISCLOSURELAST TWELVE MONTHS ADJUSTED EBITDA RECONCILIATION(In thousands, except per share data)(Unaudited) Reconciliation of Last Twelve Months Adjusted EBITDA Three Months EndedApril 30, 2025 Three Months EndedJanuary 31, 2025 Three Months EndedOctober 31, 2024 Three Months EndedJuly 31, 2024 Total Reconciliation Reconciliation Reconciliation Reconciliation Reconciliation Net income (loss) as reported $ 20,515 $ (14,885 ) $ (13,917 ) $ 25,350 $ 17,063 Income tax expense (benefit) 6,307 (5,050 ) (3,621 ) 6,688 4,324 Other, net 159 (1,229 ) 2,671 (9,474 ) (7,873 ) Interest expense 13,940 14,186 17,697 878 46,701 Depreciation and amortization 19,192 24,740 27,329 10,953 82,214 EBITDA 60,113 17,762 30,159 34,395 142,429 Cost of sales (1) - - 887 1,507 2,394 Selling, general and administrative (1),(2),(3) 864 12,876 50,004 6,133 69,877 Restructuring charges (4) 936 7,904 - - 8,840 Adjusted EBITDA $ 61,913 $ 38,542 $ 81,050 $ 42,035 $ 223,540 (1) Expense (gain) related to plant closure. (2) Transaction, advisory fees, and reorganization costs. (3) Amortization of step-up for purchase price adjustments on inventory. (4) Restructuring charges related to severeance and disposal of software. QUANEX BUILDING PRODUCTS CORPORATIONNON-GAAP FINANCIAL MEASURE DISCLOSURE(In thousands, except per share data)(Unaudited) Reconciliation of Adjusted Net Income and Adjusted EPS Three Months EndedApril 30, 2025 Three Months EndedApril 30, 2024 Six Months EndedApril 30, 2025 Six Months EndedApril 30, 2024 Net Income Diluted EPS Net Income Diluted EPS Net Income Diluted EPS Net Income Diluted EPS Net income as reported $ 20,515 $ 0.44 $ 15,377 $ 0.46 $ 5,630 $ 0.12 $ 21,626 $ 0.65 Net income reconciling items from below 7,372 $ 0.16 8,664 $ 0.27 31,218 $ 0.67 10,680 $ 0.33 Adjusted net income and adjusted EPS $ 27,887 $ 0.60 $ 24,041 $ 0.73 $ 36,848 $ 0.79 $ 32,306 $ 0.98 Reconciliation of Adjusted EBITDA Three Months EndedApril 30, 2025 Three Months EndedApril 30, 2024 Six Months EndedApril 30, 2025 Six Months EndedApril 30, 2024 Reconciliation Reconciliation Reconciliation Reconciliation Net income as reported $ 20,515 $ 15,377 $ 5,630 $ 21,626 Income tax (benefit) expense 6,307 4,314 1,257 5,956 Other, net 159 (4 ) (1,070 ) (1,046 ) Interest expense 13,940 950 28,126 2,018 Depreciation and amortization 19,192 10,894 43,932 22,046 EBITDA 60,113 31,531 77,875 50,600 EBITDA reconciling items from below 1,800 8,493 22,579 8,698 Adjusted EBITDA $ 61,913 $ 40,024 $ 100,454 $ 59,298 Reconciling Items Three Months EndedApril 30, 2025 Three Months EndedApril 30, 2024 Six Months EndedApril 30, 2025 Six Months EndedApril 30, 2024 Income Statement Reconciling Items Income Statement Reconciling Items Income Statement Reconciling Items Income Statement Reconciling Items Net sales $ 452,478 $ - $ 266,201 $ - $ 852,522 $ - $ 505,356 $ - Cost of sales 321,096 - 199,963 (631 ) (1) 628,824 - 387,686 (631 ) (1) Selling, general and administrative 70,333 (864 ) (2) 34,707 (7,862 ) (1),(2) 136,983 (13,739 ) (2),(3) 67,070 (8,067 ) (1),(2) Restructuring charges 936 (936 ) (4) - - 8,840 (8,840 ) (4) - - EBITDA 60,113 1,800 31,531 8,493 77,875 22,579 50,600 8,698 Depreciation and amortization 19,192 (6,451 ) (5) 10,894 (2,956 ) (5) 43,932 (17,101 ) (5) 22,046 (6,185 ) (5) Operating income 40,921 8,251 20,637 11,449 33,943 39,680 28,554 14,883 Interest expense (13,940 ) - (950 ) - (28,126 ) - (2,018 ) - Other, net (159 ) 1,003 (6) 4 (92 ) (6) 1,070 831 (6) 1,046 (847 ) (6) Income before income taxes 26,822 9,254 19,691 11,357 6,887 40,511 27,582 14,036 Income tax expense (6,307 ) (1,882 ) (7) (4,314 ) (2,693 ) (7) (1,257 ) (9,293 ) (7) (5,956 ) (3,356 ) (7) Net income $ 20,515 $ 7,372 $ 15,377 $ 8,664 $ 5,630 $ 31,218 $ 21,626 $ 10,680 Diluted earnings per share $ 0.44 $ 0.46 $ 0.12 $ 0.65 (1) Expense (gain) related to plant closure. (2) Transaction, advisory fees, and reorganization costs. (3) Amortization of step-up for purchase price adjustments on inventory. (4) Restructuring charges related to severeance and disposal of software. (5) Amortization expense related to intangible assets. (6) Pension settlement refund and foreign currency transaction losses (gains). (7) Tax impact of net income reconciling items. QUANEX BUILDING PRODUCTS CORPORATIONSELECTED SEGMENT DATA(In thousands)(Unaudited) This table provides gross margin, operating income (loss), EBITDA, and Adjusted EBITDA by reportable segment. Non-operating expense and income tax expense are not allocated to the reportable segments. NA Fenestration EU Fenestration NA Cabinet Components Tyman Unallocated Corp & Other Total Three months ended April 30, 2025 Net sales $ 151,026 $ 61,257 $ 51,237 $ 190,107 $ (1,149 ) $ 452,478 Cost of sales 113,760 39,001 42,405 126,743 (813 ) 321,096 Gross Margin 37,266 22,256 8,832 63,364 (336 ) 131,382 Gross Margin % 24.7% 36.3% 17.2% 33.3% 29.0% Selling, general and administrative (1) 15,938 9,038 5,725 37,271 2,361 70,333 Restructuring charges - - - 936 - 936 Depreciation and amortization 4,667 2,659 3,015 8,775 76 19,192 Operating income (loss) 16,661 10,559 92 16,382 (2,773 ) 40,921 Depreciation and amortization 4,667 2,659 3,015 8,775 76 19,192 EBITDA 21,328 13,218 3,107 25,157 (2,697 ) 60,113 Transaction, advisory fees, and reorganization costs - - - 675 189 864 Restructuring charges related to severance and disposal of software - - - 936 - 936 Adjusted EBITDA $ 21,328 $ 13,218 $ 3,107 $ 26,768 $ (2,508 ) $ 61,913 Adjusted EBITDA Margin % 14.1% 21.6% 6.1% 14.1% 13.7% Three months ended April 30, 2024 Net sales $ 159,774 $ 56,583 $ 51,078 $ - $ (1,234 ) $ 266,201 Cost of sales 122,261 35,694 42,624 - (616 ) 199,963 Gross Margin 37,513 20,889 8,454 - (618 ) 66,238 Gross Margin % 23.5% 36.9% 16.6% 24.9% Selling, general and administrative (1) 13,730 7,873 5,066 - 8,038 34,707 Depreciation and amortization 5,218 2,538 3,082 - 56 10,894 Operating income (loss) 18,565 10,478 306 - (8,712 ) 20,637 Depreciation and amortization 5,218 2,538 3,082 - 56 10,894 EBITDA 23,783 13,016 3,388 - (8,656 ) 31,531 Expense related to plant closure (Cost of sales) 631 - - - - 631 Expense related to plant closure (SG&A) 978 - - - - 978 Transaction and advisory fees - - - - 6,884 6,884 Adjusted EBITDA $ 25,392 $ 13,016 $ 3,388 $ - $ (1,772 ) $ 40,024 Adjusted EBITDA Margin % 15.9% 23.0% 6.6% 15.0% Six months ended April 30, 2025 Net sales $ 285,359 $ 109,728 $ 95,047 $ 365,783 $ (3,395 ) $ 852,522 Cost of sales 220,327 69,638 81,821 259,539 (2,501 ) 628,824 Gross Margin 65,032 40,090 13,226 106,244 (894 ) 223,698 Gross Margin % 22.8% 36.5% 13.9% 29.0% 26.2% Selling, general and administrative (1) 32,071 16,959 10,992 71,649 5,312 136,983 Restructuring charges - - - 8,840 - 8,840 Depreciation and amortization 9,446 5,269 6,024 23,038 155 43,932 Operating income (loss) 23,515 17,862 (3,790 ) 2,717 (6,361 ) 33,943 Depreciation and amortization 9,446 5,269 6,024 23,038 155 43,932 EBITDA 32,961 23,131 2,234 25,755 (6,206 ) 77,875 Amortization of step-up for purchase price adjustments on inventory - - - 9,007 - 9,007 Transaction, advisory fees, and reorganization costs - - - 2,142 2,590 4,732 Restructuring charges related to severance and disposal of software - - - 8,840 - 8,840 Adjusted EBITDA $ 32,961 $ 23,131 $ 2,234 $ 45,744 $ (3,616 ) $ 100,454 Adjusted EBITDA Margin % 11.6% 21.1% 2.4% 12.5% 11.8% Six months ended April 30, 2024 Net sales $ 307,769 $ 106,020 $ 94,215 $ - $ (2,648 ) $ 505,356 Cost of sales 240,629 67,397 81,367 - (1,707 ) 387,686 Gross Margin 67,140 38,623 12,848 - (941 ) 117,670 Gross Margin % 21.8% 36.4% 13.6% 23.3% Selling, general and administrative (1) 29,640 15,618 10,192 - 11,620 67,070 Depreciation and amortization 10,693 5,096 6,147 - 110 22,046 Operating income (loss) 26,807 17,909 (3,491 ) - (12,671 ) 28,554 Depreciation and amortization 10,693 5,096 6,147 - 110 22,046 EBITDA 37,500 23,005 2,656 - (12,561 ) 50,600 Expense related to plant closure (Cost of sales) 631 - - - - 631 Expense related to plant closure (SG&A) 978 - - - - 978 Transaction and advisory fees - - - - 7,089 7,089 Adjusted EBITDA $ 39,109 $ 23,005 $ 2,656 $ - $ (5,472 ) $ 59,298 Adjusted EBITDA Margin % 12.7% 21.7% 2.8% 11.7% (1) Includes stock-based compensation expense for the three and six months ended April 30, 2025, respectively of $0.6 million and $1.8 million and $1.5 million and $4.1 million for the comparable prior year periods. QUANEX BUILDING PRODUCTS CORPORATIONSALES ANALYSIS(In thousands)(Unaudited) Three Months Ended April 30, Six Months Ended April 30, 2025 2024 2025 2024 NA Fenestration: United States - fenestration $ 112,261 $ 119,646 $ 212,690 $ 231,280 International - fenestration 8,054 7,465 13,913 13,609 United States - non-fenestration 26,751 27,532 49,956 53,323 International - non-fenestration 3,960 5,131 8,800 9,557 $ 151,026 $ 159,774 $ 285,359 $ 307,769 EU Fenestration: (1) International - fenestration $ 50,687 $ 46,968 $ 92,743 $ 88,719 International - non-fenestration 10,570 9,615 16,985 17,301 $ 61,257 $ 56,583 $ 109,728 $ 106,020 NA Cabinet Components: United States - fenestration $ 3,507 $ 3,737 $ 6,959 $ 7,412 United States - non-fenestration 47,364 46,990 87,427 86,169 International - non-fenestration 366 351 661 634 $ 51,237 $ 51,078 $ 95,047 $ 94,215 Tyman: United States - fenestration $ 113,950 $ - $ 219,541 $ - International - fenestration 75,547 - 144,829 - United States - non-fenestration 610 - 1,395 - International - non-fenestration - - 18 - $ 190,107 $ - $ 365,783 $ - Unallocated Corporate & Other: Eliminations $ (1,149 ) $ (1,234 ) $ (3,395 ) $ (2,648 ) $ (1,149 ) $ (1,234 ) $ (3,395 ) $ (2,648 ) Net Sales $ 452,478 $ 266,201 $ 852,522 $ 505,356 (1) Reflects an increase of $0.2 million in revenue associated with foreign currency exchange rate impacts for the three and six months ended April 30, 2025, respectively. 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Business Wire
33 minutes ago
- Business Wire
Superior Industries International, Inc. Receives NYSE Continued Listing Standards Notice
SOUTHFIELD, Mich.--(BUSINESS WIRE)-- Superior Industries International, Inc. ('Superior' or the 'Company') (NYSE:SUP), one of the world's leading aluminum wheel suppliers, today announced that on June 2, 2025, it received written notice (the 'Notice') from the New York Stock Exchange ('NYSE') of non-compliance with Section 802.01B of NYSE Listed Company Manual (the 'Manual'), which requires an average global market capitalization of not less than $50 million over a consecutive 30-trading day period and stockholders' equity of not less than $50 million. As set forth in the Notice, as of May 30, 2025, the Company's 30-trading day average market capitalization was approximately $45.9 million, and the Company's last reported stockholders' deficit, as of March 31, 2025, was approximately $(288.7) million. In accordance with applicable NYSE procedures, within 45 days from receipt of the Notice, the Company must submit to NYSE a business plan that demonstrates compliance with Section 802.01B of the Manual within 18 months of receipt of the Notice. The Listing Operations Committee of NYSE will review the business plan and will either accept the plan, at which time the Company will be subject to ongoing quarterly monitoring for compliance with the business plan, or reject it, at which time the Company will be subject to suspension and delisting proceedings. The Company expects to timely submit such a business plan to NYSE. Pursuant to NYSE rules, the Company's common stock will continue to be listed and traded on NYSE during the cure periods outlined above, subject to the Company's compliance with other NYSE continued listing requirements. The current noncompliance with the standards described above does not affect the Company's ongoing business operations or its reporting requirements with the Securities and Exchange Commission (the 'SEC'). About Superior Industries Superior is one of the world's leading aluminum wheel suppliers. Superior's team collaborates with customers to design, engineer, and manufacture a wide variety of innovative and high-quality products utilizing the latest light weighting and finishing technologies. Superior serves the European aftermarket with the brands ATS®, RIAL®, ALUTEC®, and ANZIO®. Headquartered in Southfield, Michigan, Superior is listed on the New York Stock Exchange. For more information, please visit Forward-Looking Statements This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts and can generally be identified by the use of future dates or words such as 'assumes,' 'may,' 'should,' 'could,' 'will,' 'expects,' 'expected,' 'seeks to,' 'anticipates,' 'plans,' 'believes,' 'estimates,' 'foresee,' 'intends,' 'guidance,' 'predicts,' 'projects,' 'projecting,' 'potential,' 'targeting,' 'will likely result,' or 'continue,' or the negative of such terms and other comparable terminology. These forward-looking statements involve a number of risks and uncertainties, some of which are beyond Superior's control, including, without limitation, future fluctuations in the Company's market capitalization and stockholders' equity; its ability to submit a required business plan and regain compliance with the Manual and maintain a listing of the Company's common stock on NYSE. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, risks, and uncertainties discussed in Superior's SEC filings and reports. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect Superior. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law
