Quanex Investors Urged to Seek Counsel Ahead of Nov. 18 Lead-Plaintiff Deadline
The outreach follows disclosures of severe tooling problems at a Tyman Mexico facility that preceded a sharp quarterly loss.
Overview
- Plaintiff firms including Rosen Law Firm and Faruqi & Faruqi are soliciting purchasers of Quanex securities from December 12, 2024 through September 5, 2025 to consider lead-plaintiff roles by November 18, 2025.
- A federal securities class action has been filed alleging Quanex misled investors about maintenance and tooling conditions at its acquired Tyman operation in Mexico.
- Quanex disclosed ongoing operational issues on September 4, 2025 and reported diluted EPS of ($6.04) for fiscal Q3 2025 with adjusted EBITDA of $70.30.
- CEO George Wilson acknowledged significant underinvestment and operational challenges at the Mexico facility that delayed expected Tyman integration benefits.
- Quanex shares fell 13.1% to $18.18 on September 5, 2025 and then to $16.20 on September 8, 2025, and no class has been certified so investors are not represented unless they retain counsel or a lead plaintiff is appointed.