Quanex earnings rise on stronger shipments

Dec 07, 2006 | 11:04 AM | Sam Kusic

Quanex Corp., Houston, posted net income of nearly $39.2 million during its fiscal fourth quarter, up 25.5 percent from the same period last year, on sales that rose 9.2 percent to more than $527.7 million thanks in part to solid shipments from its Macsteel and Nichols Aluminum divisions.

For the full year ended Oct. 31, net income climbed 3.2 percent to $160.2 million on sales that also increased 3.2 percent to $2.03 billion.....

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