Quanex Faces Securities Class Action Over Tyman Mexico Disclosures as Lead‑Plaintiff Deadline Nears
The suit centers on alleged nondisclosure of severe tooling failures at a legacy Tyman facility in Mexico.
Overview
- Investors who bought Quanex shares between December 12, 2024 and September 5, 2025 are notified of a November 18, 2025 deadline to seek lead‑plaintiff status.
- Plaintiffs claim the company underinvested in tooling and equipment maintenance in Mexico, allowing conditions to approach “catastrophic” levels and delaying expected integration benefits.
- Quanex reported third‑quarter diluted EPS of ($6.04) and adjusted EBITDA of about $70.3 million, and the CEO said the Mexico issues were identified midyear and hurt the segment’s EBITDA by nearly $5 million.
- The stock fell 13.1% to $18.18 on September 5, 2025 and declined further to $16.20 on September 8 following the disclosures and earnings call.
- Multiple investor firms, including Schall, DJS Law Group, Bronstein, Rosen, Howard G. Smith, and Faruqi & Faruqi, are soliciting participants, and no class has been certified.