Quanex posts record sales for year, expects margins to shrink slightly in '06

Dec 05, 2005 | 08:55 AM |

Citing strength in its building products segment, Quanex Corp., Houston, posted record sales during its fiscal fourth quarter and year ended Oct. 31.

QUANEX CORP.(in thousands except per share) 20052004Year ended Oct. 31Net sales$1,969,007$1,437,897Net income155,16054,467Per share5.922.174th qtr. ended Oct. 31Net sales$483,270$425,660Net income31,22518,738Per share1.180.74Net income during the quarter rose to $31.2 million, up 66.6 percent from the fourth quarter last year, on net sales that gained 13.5 percent to $483.3 million.....

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