Quanex Building Products Corporation (NYSE:NX) Q4 2023 Earnings Conference Call December 15, 2023 11:00 AM ET

Company Participants

Scott Zuehlke - SVP, CFO and Treasurer

George Wilson - President and CEO

Conference Call Participants

Steven Ramsey - Thompson Research Group

Reuben Garner - Benchmark

Julio Romero - Sidoti and Company

Operator

Good day, and thank you for standing by. And welcome to the Q4 and Fiscal 2023 Quanex Building Products Corporation Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Scott Zuehlke, SVP, CFO, and Treasurer. Please go ahead.

Scott Zuehlke

Thanks for joining the call this morning. On the call with me today is George Wilson, our President and CEO.

This conference call will contain forward-looking statements and some discussion of non-GAAP measures. Forward-looking statements and guidance discussed on this call and in our earnings release are based on current expectations. Actual results or events may differ materially from such statements and guidance. Quanex undertakes no obligation to update or revise any forward-looking statements to reflect new information or events. For a more detailed description of our forward-looking statement disclaimer and a reconciliation of non-GAAP measures to the most directly comparable GAAP measures, please see our earnings release issued yesterday and posted to our website.

I'll now turn the call over to George for his prepared remarks.

George Wilson

Thanks, Scott, and good morning to everyone on the call.

And what turned out to be another year of operating in a macro environment with strong headwinds for the industries we serve. I am very pleased to announce that the performance of the Quanex team in our fiscal 2023 resulted in a record year for both adjusted earnings and cash flow.

Our team has stayed true to our mantra of controlling what we can control. In addition, we remain committed to our long-term growth with a purpose strategy and have positioned the company well to continue to create value for our shareholders. I would like to take this moment to thank the entire Quanex team for their spectacular performance and hard work this past year while continuing to make a difference with their caring and charitable endeavors in the communities where we are located.

As I mentioned, 2023 was a year full of macro challenges that created headwinds for our topline. The devastating war in Ukraine continued to negatively impact consumer confidence in Europe and added unknown risks to energy costs for the winter months. In addition, we now have the war in Gaza, which again has the potential to disrupt markets, energy costs and global freight channels.