The recovery of the construction industry boosts business!
Tyman offers technical window components and doors for the construction industry. This provides a perfect complement for Quanex Building Products!
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On June 5, Quanex Building Products (NX) reported a strong quarterly report after the market closed, positively impacted by the acquisition of Tyman plc and the resulting synergy effects. Additionally, the annual forecast was confirmed, anticipating a recovery in demand, particularly in the summer months, as well as the early achievement of efficiency targets. I believe the stock may have laid the foundation for a trend reversal. In the long term, Quanex plans to leverage its material and manufacturing expertise more in adjacent markets. The company...
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