NXHIGH SIGNALFINANCIAL10-K

NX experienced a dramatic financial deterioration with net income swinging from $33.1M profit to -$250.8M loss despite 44% revenue growth, primarily due to the Tyman acquisition impact.

The massive swing to losses despite strong revenue growth indicates severe integration challenges or one-time charges related to the Tyman acquisition completed in August 2024. The 171% increase in interest expense suggests the acquisition was heavily debt-financed, creating significant financial leverage that is now pressuring profitability.

Comparing 2025-12-12 vs 2024-12-16View on EDGAR →
FINANCIAL ANALYSIS

While revenue surged 44% to $1.8B following the Tyman acquisition, profitability collapsed with operating income turning negative $194M and net income falling to -$250.8M, representing an 859% deterioration. Interest expense nearly tripled to $55.8M and SG&A costs increased 46%, suggesting acquisition-related expenses and integration costs are severely impacting margins. Despite the operational challenges, operating cash flow improved 86% to $164.9M, indicating the underlying business may be generating cash even as reported earnings suffer from acquisition-related charges.

FINANCIAL STATEMENT CHANGES
Net Income
P&L
-858.7%
$33.1M→-$250.8M

Net income declined 858.7% — review whether driven by operations, interest costs, or non-recurring items.

Operating Income
P&L
-453.8%
$54.8M→-$194.0M

Operating income deteriorated sharply — investigate whether driven by one-time charges or structural cost issues.

Interest Expense
P&L
+171%
$20.6M→$55.8M

Interest expense surged 171% — significant debt increase or rising rates materially impacting earnings.

Operating Cash Flow
Cash Flow
+85.7%
$88.8M→$164.9M

Operating cash flow surged 85.7% — exceptional cash generation, highest quality earnings signal.

Capital Expenditure
Cash Flow
+68.9%
$37.1M→$62.6M

Capital expenditure jumped 68.9% — major investment cycle underway; assess returns on deployment.

SG&A Expense
P&L
+45.6%
$190.5M→$277.3M

SG&A up 45.6% — significant increase in sales or administrative costs, monitor impact on operating leverage.

Revenue
P&L
+43.8%
$1.3B→$1.8B

Strong top-line growth of 43.8% — accelerating demand or successful expansion into new markets.

Stockholders Equity
Balance Sheet
-28.2%
$1.0B→$726.2M

Equity decreased 28.2% — buybacks or losses reducing book value, monitor solvency ratios.

Total Debt
Balance Sheet
-26.9%
$195.0M→$142.5M

Debt reduced 26.9% — deleveraging strengthens balance sheet and reduces financial risk.

Cash & Equivalents
Balance Sheet
-22.2%
$97.7M→$76.0M

Cash decreased 22.2% — monitor burn rate and upcoming capital needs.

LANGUAGE CHANGES
NEW — 2025-12-12
PRIOR — 2024-12-16
ADDED
At December 3, 2025 there were o utstanding 45,674,726 shares of the reg istrant s Common Stock, $0.01 par value.
We currently manufacture and distribute components for original equipment manufacturers (OEM) in the building products industry, including window, door, solar, refrigeration, custom mixing, building access, and cabinetry markets.
Most recently, on August 1, 2024, we completed our acquisition of Tyman plc, a company incorporated in England and Wales ( Tyman ).
As of October 31, 2025, we operated 34 manufacturing facilities located in 18 states in the U.S., 7 facilities in the U.K., 3 facilities in Mexico, 2 facilities in Italy, 1 facility in Germany, and 1 facility in Canada.
These facilities feature efficient plant design and flexible manufacturing processes, enabling us to produce a wide variety of custom engineered products and components.
+7 more — sign up free →
REMOVED
The aggregate market value of the voting and non-voting common equity held by non-affiliates as of April 30, 2024, computed by reference to the closing price for the Common Stock on the New York Stock Exchange, Inc.
At December 3, 2024 there were o utstanding 47,261,370 shares of the reg istrant s Common Stock, $0.01 par value.
We currently manufacture and distribute components for original equipment manufacturers (OEM) in the building products industry.
On August 1, 2024, we completed our acquisition of Tyman plc, a company incorporated in England and Wales.
As of October 31, 2024, we operated 35 manufacturing facilities located in 18 states in the U.S., seven facilities in the U.K., three facilities in Mexico, two facilities in Italy, one facility in Germany, and one facility in Canada.
+7 more — sign up free →
MORE FINANCIAL SIGNALS
PNRGHIGHPNRG achieved exceptional profitability improvement with net income surging 2,21...
2026-04-16
BNAIHIGHBNAI underwent a dramatic reverse stock split that reduced share count by 86% wh...
2026-04-16
LAKEHIGHLAKE's financial performance deteriorated significantly with operating losses wo...
2026-04-16
NXXTHIGHNextNRG experienced massive financial deterioration with operating losses explod...
2026-04-16
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →