Quanex profits soar despite Nichols Aluminum struggles

Sep 04, 2013 | 01:18 PM | Michael Cowden

Tags  Quanex, Nichols Aluminum, ERP, enterprise resource planning, windows, construction, aluminum, aluminum scrap earnings report

CHICAGO — Quanex Building Products Corp.’s earnings more than tripled in its fiscal third quarter as increased sales helped offset losses at its Nichols Aluminum LLC subsidiary and red ink related to a previously touted enterprise resource planning (ERP) system, which the company now plans to scrap.

The Houston-based company posted net income of $4.97 million for the three months ended July 31, up from $1.53 million in the same period last year, as net sales increased 8.9 percent to $259.17 million.....





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