Quanex says 2Q sales up on aluminum demand

Quanex Building Products Corp.'s earnings turned positive in the second quarter due to strong demand for its engineered and aluminum products, the company said Thursday.


The Houston-based manufacturer of products for residential construction posted net income of $4.3 million, or 11 cents per share, in the three months that ended April 30. In the same period last year the company lost $40.1 million, or $1.08 per share.


Revenue for the quarter was $199.4 million, a 76 percent increase over the $113.2 million it earned a year earlier.


CEO David Petratis said in a statement that the engineered products division, which provides window components for residential construction, experienced "exceptional growth" and reduced expenses.