Quanex Reports Growth in Second Quarter
June 10, 2014
Quanex Building Products Corp. reported net sales of $135 million in the second quarter, up 8 percent from the same period in 2013, and EBITDA of $5.7 million, up from $1.2 million in Q2 2013.
"Despite poor weather throughout much of the second quarter and recent weakness in housing and construction data, we continued to enjoy encouraging growth in all of our product lines," said Bill Griffiths, chairman, president and CEO. "With the seasonally strongest part of the year ahead of us, Quanex is optimistic that it can sustain growth rates in the 8 to 9 percent range for the full year."