Quanex profits soar despite Nichols Aluminum struggles
Sep 04, 2013 | 01:18 PM
| Michael Cowden
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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