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Quanex building products Press Release Quanex Building Products Announces Third Quarter 2021 Results and Reaffirms Full Year 2021 Guidance Solid Net Sales Growth Realized Across All Operating Segments Strong Balance Sheet HOUSTON , TEXAS September 2 , 2021 - Quanex Building Products Corporation ( NYSE : NX ) ( " Quanex " or the “ Company " ) today announced its results for the three months ended July 31 , 2021 . The Company reported the following selected financial results : ( $ in millions , except per share data ) Net Sales Gross Margin Gross Margin % Net Income Diluted EPS Adjusted Net Income Adjusted Diluted EPS Adjusted EBITDA Adjusted EBITDA Margin % Liquidity Continues to Increase Repaid $ 15 Million of Bank Debt Cash Provided by Operating Activities Free Cash Flow Three Months Ended July 31 , 2020 2021 $ 279.9 $ 60.0 21.4 % $ 13.6 $ 0.41 $ 14.2 $ 0.42 $ 32.9 11.8 % $ 18.5 $ 12.3 $ 212.1 $ 49.7 23.4 % $ 10.8 $ 0.33 $ 11.1 $ 0.34 $ 27.7 13.1 % $ 45.1 $ 40.7 Nine Months Ended July 31 , 2020 $ 596.2 $ 126.6 21.2 % 2021 $ 780.4 $ 175.7 22.5 % $ 36.0 $ 1.08 $ 37.8 $ 1.13 $ 89.5 11.5 % $ 16.3 $ 0.50 $ 18.7 $ 0.57 $ 65.2 10.9 % $ 47.4 $ 31.4 ( See Non - GAAP Terminology Definitions and Disclaimers section , Non - GAAP Financial Measure Disclosure table , Selected Segment Data table and Free Cash Flow Reconciliation table for additional information ) $ 47.6 $ 26.9 George Wilson , President and Chief Executive Officer , stated , " Demand for our products remained robust across all of our product lines throughout the third quarter of 2021. On a consolidated basis , net sales increased by approximately 32 % year - over - year as compared to the third quarter of 2020. General inflation , time lag for index pricing , supply chain challenges and labor constraints all continue to have a negative impact on margins . In addition , our plant in Germany was down for approximately 14 days during the quarter due to flooding in Europe , but the plant was back up and running at full capacity by the end of July . Our balance sheet continues to strengthen , and we were able to repay $ 15.0 million in bank debt during the quarter while also repurchasing approximately $ 1.8 million of our common stock . We will remain focused on generating cash and paying down debt in the near - term . " ( See Non - GAAP Terminology Definitions and Disclaimers section for additional information ) Third Quarter 2021 Results Summary The Company reported net sales of $ 279.9 million during the three months ended July 31 , 2021 , which represents growth of 32.0 % compared to $ 212.1 million for the same period of 2020. The increase was largely due to increased demand across all product lines and operating segments combined with increased pricing mostly related to the pass through of raw material cost inflation . In detail , Quanex posted net sales growth of 20.8 % in its North American Fenestration segment , 19.3 % in its North American Cabinet Components segment and 85.8 % in its European Fenestration segment , excluding the foreign exchange impact and despite the challenges presented by flooding in Germany as previously noted . As a reminder , both of Quanex's manufacturing facilities in the U.K. were shut down in late 1