Quanex makes components — not finished products — that window, door, and cabinet OEMs use to build their products. Core product categories include insulating glass (IG) spacers (sold under the Super Spacer brand), extruded vinyl profiles, window and door hardware, screens, seals and weatherstripping, and engineered wood and metal components. Quanex sells almost entirely B2B through a direct sales force in North America and Europe. Products are largely made to order, which keeps inventory and working capital low. The August 2024 acquisition of Tyman roughly doubled Quanex's revenue, significantly expanding its hardware business and international footprint, particularly in the UK and Europe. Quanex now operates three segments: Hardware Solutions (~46% of revenue), Extruded Solutions (~35%), and Custom Solutions (~21%). Profitability is driven primarily by volume — fixed manufacturing costs create high operating leverage — and by the spread between raw material costs and selling prices. Quanex uses index-linked pricing and surcharge mechanisms to pass commodity cost changes through to customers rather than using pricing as a margin lever. The business is heavily tied to residential construction, with the repair and remodel market representing the largest exposure. Business is highly seasonal, with the majority of revenue and an even larger share of earnings generated in the second half of the fiscal year. Post-Tyman, Quanex is focused on integrating the acquisition, realizing $45M in run-rate cost synergies, and deleveraging its balance sheet.