Nichols logs $17.1M annual operating loss
Dec 21, 2012 | 02:28 PM
| Daniel Fitzgerald
Tags
Nichols Aluminum,
Quanex Building Products,
Nichols strike,
Nichols earnings,
Daniel Fitzgerald
NEW YORK — Quanex Building Products Corp., parent of Nichols Aluminum LLC, said that this year’s protracted strike hit its fiscal 2012 results, with the Nichols segment recording a $17.1-million operating loss for the year.
Nichols logged an operating loss of $900,000 for the three months ending Oct. 31, down from an operating profit of $3.1 million in the corresponding 2011 quarter. The segment notched sales of $101.3 million for the quarter, down 4.6 percent year-on-year from $106.2 million.....
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